Top 8 Best PayPal Alternatives to Send and Receive Money in Nigeria

 

PayPal Alternatives in Nigeria | Cheaper Paypal Alternative | Payooner vs PayPal.

When talking about payment platforms that are alternative to PayPal in Nigeria, Payooner, Skrill, Xoom, and Wise are among the best option to choose from.

PayPal is a great American Financial Platform that was founded in December 1998 at California, United States. PayPal have a huge amount of users all over the world and it also have many subsidiary companies, some of them are Xoom, Braintree, Venmo, PayPal Credit, Honey, Paydiant etc.

However, in this article, I will be discussing some best alternatives to PayPal in Nigeria where the use of PayPal services are partially restricted.

For Instance, if you create a PayPal account in Nigeria, you will be automatically restricted from receiving money other users except you open a business account and the business account will only receive payment via online payment.

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So, for these reasons of restrictions, I have provides the best alternatives to replace PayPal services in Nigeria. Without much Ado, let's dive into the primary reason of this article.

Cheaper Paypal Alternative in Nigeria.

This section highlight the best 8 PayPal Alternatives in Nigeria.

2Checkout

This is the number alternative I will talking about in this article. 2Checkout is a payment platform that accept the use of credit card or debit card payment. Infact, the fintech platform also accept PayPal transaction.

2Checkout payment platform do not only work for individual, it also work for businesess, entrepreneur, marchants etc.

This platform works in all over the world including Nigeria. It API system is very smooth to integrate to your online store, website or blog for easy collection money from your users.

So, when talking about the requirements to open a 2Checkout account in Nigeria, you'll only need a set up website or blog, then integrate it API to start receiving money from anywhere in the world.

Bluesnaps

This is another Efficient PayPal Alternatives in Nigeria. Bluesnaps is a payment platform that is globally and functionally know in a lots of countries including Nigeria.

The payment platform is very good for online merchants who operate/own an e-commerce website or blog.

Bluesnaps platform was built on efficiency, reliability and stability. These has made it to grow rapidly over the year which has enhance more online service vendor to sign-up for easy cashing out of payment made from anywhere in the world.

Click2Sell

When talking about creation of revenue whereby you can make money by showcasing their products on your online store or blog for a certain level of commission paid to you for such service, Click2Sell is one of the best option.

In addition to what Click2Sell offers, email which can help you reach a large number of customers is also available in the platform.

Apart from credit card and debit card payment, this payment platform also accept PayPal Payment and bank wire transfer.

Click2Sell also offers a services whereby funds can be transferred to another payment platform in Nigeria for easy withdrawals using MasterCard or Visa Card at any nearby ATM.

Wise

This payment platform is one of the most popular payment service in the world. It also stands as the best alternatives to PayPal.

Transferwise is a UK base payment company which was founded in 201. The platform facilitate P2P transactions such as  wire transfer, card payment and so on like PayPal.

Wise works in Nigeria in the sense that they partner with local banks in Nigeria so as to create an account for you in Naira.  This account can send and receive money in your local currency.

Skrill

Skrill is a Europe base payment service company that offers sending and receiving of money from anywhere in world. Apart from that, the company offers many exclusive features ranging from International money transfer to mobile top-up and bill payment.

Skrill is also available to Nigerians and it's taken as one of the best alternatives to PayPal in the country.

Remitly

Remitly is another alternative to PayPal in Nigeria. The payment service company is an American Financial Platform that currently works in over 17+ Countries and are capable of offering it services in over 115 countries across the world.

Remitly was founded in the year 2011 and it main goal is to facilitate digital payment services like PayPal's such as P2P transfer, wire transfer, direct transfer and card transfer.

This option can be used instead of PayPal in Nigeria because it offers more unlimited payment service features more than PayPal.

Xoom

Xoom is a PayPal subsidiary company that was founded in the year 2001. Though, it was owned by PayPal but it works as independent entity competing in the same business line with its parent company.

Xoom is an electronic funds transfer and remittance provider that offers bills payment, sending and receiving of money, top-up mobile etc in over 131 countries across the world including US and Canada.

In addition to Xoom benefits, it offers mobile cash delivery and other payment services in Nigeria. These has made Xoom to be one of the best alternative to PayPal.

Payooner

This Fintech company is an American Financial Institution and can also be classified as one of the best alternatives to PayPal.

Like PayPal, Payooner offers money transfer, digital payment, card payment and wire transfer. Payooner is the best option when it comes to freelancing jobs and for receiving money from marchants all over the world.

Payooner was founded in 2005 and it's the option to choose in Nigeria instead of PayPal.

Final Thoughts

As PayPal has been restricted from Nigeria, it has brought up many Fintech companies in the ecosystem to rise. Now, there are hundreds of similar payment services in Nigeria that can be used as alternative to PayPal.

Mentioned above are some of the best option to choose in Nigeria instead of PayPal.

Thanks for reading, do post your comments below and share this article anywhere in the world.