Most paypal users in Nigeria are faced with the problem of withdrawing their paypal funds. The problem is complicated by Nigeria not being on Paypal’s supported countries list due to reasons best known to paypal. It’s getting rather hard to run serious online business these days without a paypal account but easily withdrawing the dollars is even a bigger problem.
Minute-exchange.com was the real deal when it came to converting paypal funds to liberty reserve till they stopped accepting paypal. The truth of the matter is, there is no legitimate site online where you can exchange your paypal fund for liberty reserve ( as this is preferable in Nigeria ).
I’ll however give a couple of tips on converting your paypal funds to hard cash.
1. The most preferred option is funding other people’s account with your paypal funds and the recipient pays into your bank account. Yhe only problem is you might not always find someone in need of paypal funds.
2. Transferring your paypal funds to a friend overseas in a paypal approved country. The person only needs to transfer the money to his/her bank account and sends it to you here in Nigeria via Western Union or MoneyGram. This requires a very high degree of trust though.
3. Investing in online businesses (HYIP or Forex sites) that allow you to pay via paypal and withdraw through liberty reserve.
4. Another option is buying stuffs online with you paypal funds.
5. The last option is using e-currency exchangers like minute exchange I mentioned earler. But like I said, they no longer accept paypal. Another exchanger I found is exchangezone.com. Exchangezone allows allows its members to exchange digital currencies directly with each other without any intermediary company. I’ve heard people say they are reliable but I haven’t tried them.
Personally, I normally prefer using any of the first two options. It’s been working for me perfectly for some years. The third option too is quite okay, just that I have a phobia for HYIPs. lol.
Don Caprio, Nice article pls how can one open paypal in Nigeria.
Open and Verify Your Paypal Account in Nigeria and Unsupported Countries
Twitter: paschalt
says:
doncaprio i ave read it i mean open paypal hmm i say because i dnt trust that it still risky is just like using balckhat seo on google hahahah u knw what that means and wait don i ave a question do u operate a paypal yourself please reply me
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Twitter: donemitex1
says:
Don that was a very nice post, but there is still no direct trusted method of withdrawing paypal funds to your bank account and that makes me scared operating a paypal account. we Nigerians face alot of risks while operating a paypal account. Many have lost their hard earned cash to paypal account limitation. I just pray that a better payment option that is globally accepted will emerge sooner or later.
I hope so too. It can be frustrating at times even for someone operating it successfully. Withdrawal is always a major headache.
Twitter: presegs
says:
Nice update! !!
Running a PayPal account in Nigeria is just like child’s play if one knows the tips and secrets of operating it.
Concerning withdrawing from PayPal,Payoneer is the best in town for now.