Who doesn’t know that PayPal is the most popular mobile wallet out there with millions of users using the platform to send money to family and friends, and for business purposes?
According to recent data by emarketer, the number of PayPal users worldwide is set to hit 209.3 million in 2022, surpassing 200 million for the first time. This is a 7.2% annual increase from 2021’s 195.2 million. The number covers global internet users aged 14 and above who access their PayPal accounts and/or use the payment service to purchase items at least once a month.
As a Nigerian working online such as a freelancer, web designer, or any digital marketing job, you know one of the frequently used routes to receive payments is via PayPal.
And if you are into affiliate marketing, most affiliate programs will always opt to pay in Dollars via PayPal.
More so, if you have a friend and family abroad who is willing to send you funds, the most preferred payment route will be PayPal which then poses the challenge of exchanging PayPal money for Naira.
Before we go ahead, let’s check out the best bank cards for PayPal transactions in Nigeria.
Best Bank Cards to Use for PayPal Withdrawal in Nigeria
One of the frequently asked questions is which Nigerian bank card is the most preferable. From experience, the best bank card is the UBA Afri Dollar-Dominated.
I prefer the UBA Dollar Dominated as you get the best and high exchange currency rate for Naira.
I am talking about an exchange rate of up to ₦1,000/$ – check how it works with fnfSwap.
And between the UBA and First bank cards, I prefer UBA as it is swifter for PayPal to Nigerian Naira transactions.
So, when trying to link your Nigerian Card to your PayPal account, if you want an exchange rate of ₦418/$, use the UBA Naira AFRI card.
But,
If you want a maximum exchange rate of up to ₦1,000/$, get the UBA Dollar AFRI prepared card and work with fnfSwap for the highest exchange rate PLUS instant payments.
Also, going forward, we will recommend another great swap payment option if you are outside of Nigeria where the UBA Dollar Africard is not accessible/possible.
P.S: Please note that the USD/NGN exchange rate is always fluctuating, therefore, this page can’t be updated per day. You will definitely get the current exchange rate at the point of the transaction. Thank you.
What’s the Current Paypal Exchange Rate Nigeria – Naira to Dollar USD?
The PayPal exchange rate from Dollar to Naira today using the local bank is ₦420/$. The exchange rate goes up to ₦420 and ₦600 with local exchangers, and the best exchange rate goes for up to ₦1,000/$ with fnfSwap freelance Finance.
How To Exchange and Send Money from PayPal to Naira Bank Account
To send and exchange PayPal to naira you’ll have the choice of whether to send the money to your Bank using the Local Bank Rate via your card, send it to online Exchangers in Nigeria or use the fnfSwa with a high exchange rate to withdraw your PayPal money.
This method works for those with Business PayPal accounts. And of course, as far as you can link your PayPal to a UBA Dollar Prepared Card and move funds from PayPal into the card, it will work for you.
On the flip side, if you are using a Personal account that can send funds as fnf – family and friends, hang on for your own method.
Let’s get started.
Option 1. Send PayPal Money to Local Bank
The first way to send money from PayPal to Naira is to transfer directly from your PayPal balance, via your linked Nigerian bank card, to your Local Bank account using the bank’s low exchange rate.
This option is quite laborious, as it will entail several steps before the main process. First, you’ll need to link your preferred Nigerian Bank card to PayPal (if you’ve not done so already) and then withdraw the desired funds from PayPal to your bank.
From there, the bank will deposit your money to your Naira account using the official local rate.
Pros of Sending PayPal Money to Local Bank
- You deal directly with your local bank.
- You get paid in Naira.
Cons of Sending PayPal Money to Local Bank
- Not all bank process PayPal card funds.
- It takes time to set up all the transaction processes.
- You get paid using the bank’s local and low exchange rate value.
- Payment can take from 2 to 7 days or more depending on some financial institutions.
- Not all local bank cards can process PayPal to Naira payment.
The steps to Send PayPal Money to Local Nigeria Bank summary – move funds from your PayPal account balance to your linked Nigerian card, and from there to your bank to be paid in Naira.
Option 2. Send PayPal Money to Local Exchangers
The second way to send money from PayPal to Naira is to transfer directly from your PayPal balance to a Local Nigerian Exchanger of your choice.
Again, you will have to use their low PayPal to Naira exchange rate.
When the money is processed based on agreement and abiding by their terms and conditions, the local exchanger will deposit the equivalent amount to your Naira account using their preferred exchange rate.
Pros of Sending PayPal Money to Local Exchangers
- You get paid in Naira.
- You can talk to customer support should you get hooked on the way.
- Payment can be fast – if no issue arises.
Cons of Sending PayPal Money to Local Exchangers
- Scammers are on the rise.
- Not all local exchangers can process PayPal to Naira payments.
- The PayPal Dollar to Naira exchange rate might be ridiculously low.
- Payment can take from 1 to 7 days or more depending on some circumstances surrounding the payment process.
- It takes time to identify a good and trusted exchanger with a track record.
BEST & Fastest Method: Swap PayPal money INSTANTLY to Naira using fnfSwap via Card
The third option to transfer money from PayPal to a Nigeria bank account is to use the fnfSwap by isuawealthyplace.com.
The fnfSwap is a Family and Friends route to help our circle get their stuck money from their PayPal balance to Naira.
The good news is with UBA Dollar Card-to-Card transfers with fnfSwap, you get paid instantly, and if you’re not paid within 15 minutes, you get a $1 apology fee.
Cons of using fnfSwap by isuawealthyplace
- Funds have to be confirmed before payment in Naira!
- We deal with 100% legit PayPal > Dollar money.
- You’re required to fill your details (once and for all), so we can process your transactions swiftly without asking you over and again, and to guide against the money laundering act.
Pros of using fnfSwap by isuawealthyplace
- You get paid in Naira instantly.
- Zero fees or charges of your funds.
- Payment is made instantly in less than 15 mins immediately after funds confirmation.
- If payment exceeds 15 mins without receiving it, you get a $1 apology funds – according to our terms.
- The exchange rate is HIGH – above the local bank rate and money exchangers.
- Instant Customer Support.
- Trusted by friends and families.
- Offers more than PayPal to Naira Exchange.
Good news. We offer more than PayPal to Naira Exchange.
You can fund your Afri Dollar Card with us without going to the bank. So, check with us FIRST before you buy at exorbitant rate from the Black market.
How to Swap PayPal Funds for Naira with fnfSwap by isuawealthyplace.
#1. Transfer the PayPal money via card to us.
#2. Wait for confirmation.
#3. Get paid instantly based on the funds sent.
➡️ Click here to swap your Funds to Naira
NOTE: there is ZERO PayPal charges or fee using our service.
How Much is $100 PayPal in Naira Today?
$100 PayPal in Naira at the local bank is ₦42,000, while with third party local exchangers might go up to ₦45,000 and ₦51,000, however, it is over ₦100,000 with fnfSwap Nigeria.
How Much Does PayPal Charge for Exchange Rate in Nigeria?
When you send and Receive Money for Goods and Services, popularly known as PayPal business account, the PayPal exchange rate naira to dollar is 2.99%. And if Standard Credit and Debit Card Payments 2.99% + fixed fee.
Does Paypal Exchange Rate Change?
Yes, the PayPal exchange rate changes, because the PayPal Foreign Transaction Fee exchange is about 2.5%, and when you send Money to friends or family with eligible PayPal accounts outside the U.S. using your Balance Account balance, the fee charge 5% (minimum $0.99 fee; maximum $4.99 fee).
See recent PayPal Exchange in Nigeria Transactions
At FNFSWAP, you get the HIGHEST exchange rate in the country. 😉
Should you want recent transactions before you are convinced, then no worries. Just lemme know and I will show thee. 😎
Meanwhile, you can see lots of testimonies here.
You can also check out on Trust Pilot.
Let’s check out various PayPal to Naira exchange rates summary.
How Much is $1,000 PayPal to Naira?
$1,000 PayPal in Naira at the local bank is ₦448,000, while with third party local exchangers might go up to ₦510,000, however, it is over ₦1,000,000 with fnfSwap Nigeria.
How Much is $500 PayPal in Naira?
$500 PayPal in Naira at the local bank is ₦224,000, while with third party local exchangers might go up to ₦205,000, however, it is over ₦500,000 with fnfSwap Nigeria.
How Much is $200 PayPal in Naira Today?
$200 PayPal in Naira at the local bank is ₦84,000, while with third party local exchangers might go up to ₦90,000 and ₦118,000, however, it is over ₦200,000 with fnfSwap Nigeria.
How Much is $1 PayPal in Naira?
$1 PayPal in Naira at the local bank is ₦448, while with third party local exchangers might go up to ₦501 however, it is over ₦1,000.
What’s the best way to transfer money from PayPal to Nigeria’s bank Account?
Just as you’ve seen how to transfer money from PayPal to a Nigeria bank account, the best option for you is the route you prefer.
However, at fnfSwap, we recommend you link a dollar card to your PayPal, move then funds there and then transfer it to us to get the maximum market rate for your PayPal funds.
Join freelancers and friends all over Nigeria using fnfSwap by IsuaWealthyPlace to swap their PayPal Money for Naira at up to ₦1,000/$.
fnfSwap Time of operation
9am to 8:47 pm – Mondays to Saturdays
2pm to 6pm – Sundays.
Bonus Step – Withdraw PayPal Funds using Third-Party PayPal Exchangers
If the Prepaid Card and Wise Method does not work for you, then you can use this last resort; that is withdrawing PayPal funds via PayPal Balance with an exchanger.
Before you go on, kindly note that the Naira/Dollar exchange rate is way below what you will get using either the UBA AfriCard or Wise.
Also, ONLY legitimate funds can be processed.
If the above factors are deemed okay by you, then you can work with a trusted third-party PayPal exchanger.
P.S. – this is out of the jurisdiction of IsuaWealthyPlace Publishers. You are transacting with a standalone exchanger – but a trusted partner.
Ready to swap PayPal Balance for Naira? If yes, click here to chat with our exchanger partner.
Frequently Asked Questions About Sending Money from PayPal for Nigerian Naira
What’s PayPal Exchange Rate?
PayPal Exchange Rate is the local bank or parallel market exchange value the PayPal Money to the local currency is trading at/for.
What’s PayPal Exchange Rate USD To Naira?
When you use PayPal in Nigeria for international transaction, the exchange rate will be charged between 4%-5% percent of the total amount being converted depending on how you pay.
When you use a debit/credit card to pay for your transfer you will be charged up to 2.99%.
How is the PayPal exchange rate Determined?
The PayPal exchange rate is calculated based on local bank trading rate, 3rd party financial institutions, and based on parallel market conditions. The exchange rate that PayPal then provides you also includes a processing fee above the base rate.
The exchange rate provided by PayPal is may vary for each currency and does not change for small or large amounts.
For instance, if you send PayPal Money to your Nigerian card, you will be charged $5, plus additional 2.99%, and it is different if you were to send funds to family and friends
And should you choose to use the PayPal App to send a payment to a different currency, you will be given the option to use a third-party exchanger service called Xoom, a PayPal Service.
How long does it take to Send Money to a BANK through PayPal in Nigeria?
When you send money from PayPal to a Nigerian bank it takes 3 days or more to be processed, and a few days more for your local bank to exchange it for Naira. In total, it might take up to 7 days.
How long does it take to send money to CARD through PayPal in Nigeria?
When you send money to other users, it can take 1-3 days before the recipient receives the PayPal money.
However, if you want instant funding, you can use the transfer option which normally would take 3 days as well, but PayPal will process it instantly in 30 minutes or more if there are verification requirements.
How long does it take to receive a PayPal Payment in Nigeria?
It takes minutes to send and receive money between PayPal accounts and 2–3 days from a bank to a PayPal account. It is faster if you are sending the funds via your card linked to PayPal from your local bank.
Can I receive Funds with PayPal in Nigeria?
Yes, you can. To do this, you will have to use a Nigerian, Lesotho South African, Iceland and other Nigerian eligible Business PayPal accounts, else, a personal Nigerian PayPal cannot receive money.
Going forward, if you want to operate e a personal account like the UK and USA in Nigeria, you will have to make use of a good Virtual Private Network (VPN).
How to Use PayPal in Nigeria
- First, use a valid or a new email address to open a PayPal account.
- Confirm the email address, and use a strong password.
- For first-degree verification, link your PayPal account to an approved debit/credit card.
- For second-degree verification, link a bank account to the account.
- Withdraw your PayPal funds to your Nigeria bank account or credit card.
Can I make my PayPal Account Valid and Active for use in Nigeria?
Yes, you can. To make your PayPal account valid, you will first of all, link a phone number to the account, confirm your email address, add and link credit/debit cards, and possibly add and confirm a US bank to the PayPal account.
Going forward, you will be asked to provide Proof of Residence, Passport, Identity, and other required documents to remove all forms of limitations
Can I link Nigeria Cards to PayPal?
Yes. You can link a Nigerian Card to PayPal. The best and recommended is the UBA Afri Dominated Card. All you need to do is get the card from your preferred Nigerian bank, fund it with a little amount and link it for the verification process.
Can I withdraw PayPal Money without linking with a Nigerian Card?
Yes. You can withdraw PayPal money from your PayPal account without linking any card. All you need to do is transfer to the receiver for Naira.
How do I convert my PayPal funds to Naira? 💱
To convert your PayPal funds to Naira, you’ll need to first move your desired funds from your PayPal balance to the receiver or your PayPal card. From there, you’ll either be paid by the funds’ receiver or via your dollar-dominated card.
What is the best card to link to PayPal to Enable withdrawal in Nigeria?
The best card is the UBA Afri dollar-dominated card, the next best is the Afri Naira equivalent and lastly the First Bank’s gold card.
Is PayPal available in all parts of Nigeria?
Yes, it is. You can use PayPal in any part of the country, be it in Akwa-Ibom, Abuja, Ondo, etc.
Final Note on Exchanging PayPal Money to Naira
For most of us that depend on PayPal payment via any foreign online business that opts to pay us via PayPal, the best thing is to open and verify our account, receive money and use any of your preferred methods stated above to exchange PayPal to naira, right here in Nigeria.
Should you want to open a PayPal account, I recommend using Lesotho or UAE.
And I also recommend using a business account since it allows PayPal transactions from anywhere with or without a VPN.
That’s all on PayPal exchange to Naira.
Want to Load or Swap UBA Prepaid Card Funds? Get Done Instantly
Load AfriCard
If you want to fund your card, click here to Load with fnfSwap [lesser than the Black-Market Rate]
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Request to Swap AfriCard Funds online & get Naira in less than 15 minutes.
About fnfSwap
FnfSwap helps Swap Freelance PayPal Sourced Funds for Naira. Fund & Swap UBA Dollar AfriCard, Fund Wallet Africa & Wise Balance, and Swap USDT for Naira.
They fund AfriCard at rates and exchange at a high best rate as well. FnfSwap is committed to helping freelancers/digital experts transact flawlessly.
Learn what others are saying about us on Trustpilot, or visit us at https://fnfswap.com.ng/ . If you have any questions, send us an email at [email protected] | [email protected]
Good I have PayPal for exchange
Okay, use the link on the page to contact us.
Hello Sir,please, can I deposit money on my Paypal using my UBA Mastercard?If so,is it the normal 450 rate per dollar?
Please sir 🙏🏾🙏🏾!
No. It is not possible.
Can I withdraw my PayPal funds with my crypto wallet?
Yes, if it is a UK or US PayPal.
WhatsApp number
Hi, Michael, please chat from the contact page link. Thank you.