New Way to Create and Verify PayPal Nigeria Account (2023)

Many individuals in Nigeria are eager to learn the necessary procedures and basic requirements for creating and opening a PayPal account. They seek to utilize this platform to easily verify, fund, send, and receive money. If you are among those interested, then this article is specifically tailored for you.

In today’s digital era, not having the ability to receive and withdraw money through a PayPal account can be a significant disadvantage for internet marketers, affiliate marketers, freelancers, bloggers, and business owners. Their goal is not only to spend money online but also to generate legitimate income.

By the time you finish reading this post, you will be equipped with the knowledge to create a verified PayPal account in Nigeria. Before delving into the account creation process, let us first understand the origins of PayPal, its purpose, and its functionalities.

What is PayPal?

PayPal is a widely recognized online payment system that facilitates secure transactions over the internet. It serves as a digital wallet, allowing individuals and businesses to send and receive money electronically. PayPal offers a convenient and reliable platform for online financial transactions, enabling users to make purchases, transfer funds, and receive payments globally.

One of the primary advantages of PayPal is its broad acceptance across various online platforms, making it a popular choice for e-commerce websites, online marketplaces, and freelancing platforms. Users can link their PayPal accounts to their bank accounts or credit cards, providing a seamless way to manage their finances and conduct transactions without directly sharing sensitive financial information.

PayPal offers additional features such as buyer and seller protection, enabling secure transactions and dispute resolution mechanisms. It has become an integral part of the digital economy, providing a trusted and efficient means for individuals and businesses to engage in online commerce.

Advantages of PayPal account

PayPal offers several advantages that make it a preferred choice for individuals and businesses engaging in online transactions. Here are some key advantages of using PayPal:

Global Acceptance

PayPal is widely accepted across numerous online platforms, making it convenient for users to make payments and receive funds globally. It allows transactions in multiple currencies, facilitating international commerce.

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PayPal prioritizes the security of its users’ financial information. When you use PayPal for transactions, your sensitive data, such as bank account or credit card details, are not directly shared with the recipient. This adds an extra layer of protection against potential fraud or unauthorized access.

Buyer Protection

PayPal offers buyer protection, which safeguards customers against fraudulent transactions or receiving faulty goods. If an eligible purchase doesn’t meet your expectations, PayPal may reimburse you for the full purchase price, including shipping costs.

Seller Protection

For businesses, PayPal provides seller protection, offering coverage against unauthorized transactions or claims of non-receipt of goods. This helps protect sellers from potential losses and ensures a more secure selling environment.

Ease of Use

PayPal is known for its user-friendly interface and intuitive features, making it easy for both individuals and businesses to manage their transactions. Setting up an account, sending money, and receiving funds can be done quickly and efficiently.

Mobile Accessibility

PayPal has robust mobile applications for iOS and Android devices, allowing users to access their accounts, send money, and manage transactions on the go. This enhances convenience and flexibility in conducting online financial activities.

Integration with E-commerce Platforms

PayPal integrates seamlessly with various e-commerce platforms, making it convenient for businesses to set up online stores and accept payments from customers. This compatibility simplifies the payment process and expands business opportunities.

These advantages have contributed to PayPal’s popularity as a trusted and widely-used online payment system. Now, let’s proceed to discuss the procedures and requirements for creating a PayPal account in Nigeria.

Disadvantages of PayPal

While PayPal offers numerous advantages, it’s important to consider some of the potential disadvantages associated with using the platform. Here are a few disadvantages of using PayPal:

Transaction Fees

PayPal charges transaction fees for certain types of transactions, such as receiving payments for goods and services or converting currencies. These fees can vary depending on the transaction amount, currency exchange rates, and the type of PayPal account you have. It’s essential to review the fee structure to understand the costs involved.

Account Freezes and Restrictions

In order to ensure security and prevent fraudulent activities, PayPal may freeze or limit access to your account temporarily. This can happen if there are suspicious transactions or if PayPal suspects a violation of its terms and conditions. While these measures are in place to protect users, they can cause inconvenience and disruption to your account activities.

Limited Seller Protection

While PayPal offers seller protection, it is not absolute. Sellers may still be vulnerable to certain types of fraudulent claims or chargebacks, which can result in financial losses. It’s important to understand the conditions and requirements for seller protection to mitigate these risks.

Currency Conversion Charges

If you engage in international transactions and need to convert currencies, PayPal applies currency conversion charges. These charges are based on the current exchange rates and can sometimes be higher than rates offered by other financial institutions. It’s advisable to compare rates and consider alternative methods for currency conversion if necessary.

Customer Service Limitations

Some users have reported challenges when dealing with PayPal’s customer service. Obtaining timely assistance or resolving account-related issues can sometimes be a lengthy process. Limited availability of customer support channels and delays in response time can be frustrating for users who require immediate assistance.

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PayPal Account Types

PayPal offers different types of accounts to cater to the varying needs of users. Here are the main types of PayPal accounts:

Personal Account

This is the basic type of PayPal account suitable for individuals who primarily use PayPal for personal transactions, such as online shopping or sending money to friends and family. With a personal account, you can make payments, receive funds, and withdraw money from your PayPal balance. Personal accounts are free to create and use.

Business Account

A business account is designed for merchants and businesses to facilitate online transactions. It provides additional features tailored to meet the needs of businesses, such as invoicing, integration with e-commerce platforms, and access to business tools and analytics. Business accounts may have certain fees associated with receiving payments, depending on the transaction type and volume.

Premier Account

The premier account is an upgraded version of the personal account and is suitable for individuals who engage in both personal and occasional business transactions. It offers features similar to a business account, such as the ability to accept debit or credit card payments, generate invoices, and access business tools. Premier accounts may have transaction fees associated with receiving payments for goods and services.

Within these main types of accounts, PayPal also offers specialized accounts for specific purposes, such as:

Nonprofit Account: This account is specifically designed for registered nonprofit organizations to accept donations and receive discounted transaction fees.
Student Account: PayPal offers student accounts for individuals who are 13 years or older. These accounts are linked to a parent or guardian’s PayPal account and have spending limits to promote responsible use.

When creating a PayPal account, you can choose the type that best suits your needs and upgrade or switch account types if your requirements change over time. It’s important to review the features, fees, and terms associated with each account type to make an informed decision.

Requirements to Open a PayPal Account in Nigeria

To open a PayPal account in Nigeria, you need to fulfill certain requirements. Here are the general requirements to create a PayPal account in Nigeria:

1. Valid Email Address: You must have a valid email address that you will use to register and communicate with PayPal. Make sure the email address is active and accessible.

2. Bank Account: You need to have a Nigerian bank account. PayPal requires you to link your bank account to your PayPal account for withdrawals and other financial transactions.

3. Mobile Phone Number: You will need to provide a valid Nigerian mobile phone number. PayPal may use this number for verification purposes or to send you important account-related information.

4. Personal Information: During the account creation process, you will be asked to provide personal information such as your full name, date of birth, and address. Make sure the information you provide matches the details on your bank account and other official documents.

5. Valid Identification: PayPal may require you to provide a valid form of identification for verification purposes. Accepted forms of identification typically include a national identity card, driver’s license, or international passport.

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6. Internet Access: You need a reliable internet connection to access the PayPal website and create your account. Ensure you have a stable internet connection during the registration process.

It’s important to note that PayPal’s requirements and procedures may change over time. It is recommended to visit the official PayPal website or contact PayPal customer support for the most up-to-date and accurate information regarding the specific requirements for opening a PayPal account in Nigeria.

How to Create a Verified PayPal Account in Nigeria

To create a verified PayPal account in Nigeria, you can follow these general steps:

1. Visit the PayPal website:

Go to the official PayPal website ( and click on the “Sign Up” or “Sign Up for Free” button.

2. Choose the account type

Select the type of account you want to create—Personal or Business. For personal use, choose the Personal account option.

3. Provide your email address

Enter your valid email address that you want to associate with your PayPal account. Ensure it is an email address you have access to.

4. Create a strong password

Choose a secure password that meets the specified criteria. Make sure it is a combination of letters, numbers, and symbols to enhance security.

5. Fill in personal information

Provide your full name, date of birth, and address as requested. Make sure the information matches your official identification documents and bank account details.

Follow the instructions to link your Nigerian bank account to your PayPal account. You may need to provide your bank account details and verify ownership through a confirmation process. PayPal may initiate a small deposit to your bank account to verify the linkage.

7. Confirm your email address

Check your email inbox for a confirmation email from PayPal. Click on the verification link provided in the email to confirm your email address.

8. Complete the identity verification process

PayPal may require you to complete additional identity verification steps. This may involve providing a valid form of identification, such as a national ID card or passport, to verify your identity.

9. Add a payment method (optional)

You can link a debit or credit card to your PayPal account as a payment method. This step is optional, but it allows you to make payments using your linked card.

10. Review and agree to the terms and conditions

Read through PayPal’s terms and conditions, user agreement, and privacy policy. If you agree to them, check the box to indicate your acceptance.

11. Complete the account setup

Once you have provided all the required information and completed the necessary steps, review your information and click on the “Agree and Create Account” or similar button to finalize the account creation process.

12. Verify your PayPal account

To fully verify your PayPal account, follow any additional instructions provided by PayPal. This may involve confirming your bank account or providing further documentation if required.

For this guide, the countries I recommend are:

  • Lesotho (
  • Kenya (
  • South Africa (
  • Mozambique (
  • UAE (
  • UK (
  • US (
  • Iceland

The registration process is the same for each of the above gateways.

However, I will use the Lesotho PayPal gateway as a guideline for this post.

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