Home Payment System 2 Ways to Withdraw Money from PayPal in Nigeria to your Bank Account using official/black market rate

2 Ways to Withdraw Money from PayPal in Nigeria to your Bank Account using official/black market rate

by James
3 minutes read

PayPal has revolutionized online payments since its launch in 1998, making it a favorite among freelancers, digital marketers, and online entrepreneurs worldwide. For Nigerians, however, using PayPal to withdraw funds to a local bank account has been quite a hurdle. But don’t worry, we’ve got you covered! In this guide, we’ll walk you through two straightforward methods to withdraw your PayPal balance to a Nigerian bank account while maximizing your Naira to Dollar exchange rate.

Why PayPal is Popular for Online Payments

PayPal is widely trusted and used globally. It’s available in over 200 countries, supports 26 currencies, and is a preferred payment method on popular freelancing platforms like Upwork and Fiverr.

The Nigerian PayPal Challenge

Historically, Nigerians faced limitations with PayPal, both in receiving and sending funds. However, times have changed, and it’s now easier than ever to withdraw your PayPal funds to a Nigerian bank account.

Method 1: Using UBA Dollar Prepaid Card

This method offers one of the best exchange rates, allowing you to get up to ₦1000 per dollar. Here’s how to do it:

  1. Get a UBA Dollar Prepaid Card: Also known as AfriCard.
  2. Link the Card to Your PayPal Account: Verify your PayPal account via email and link your UBA Dollar Prepaid Card.
  3. Transfer PayPal Balance to AfriCard: Initiate the transfer from PayPal and confirm it. A small ₦5 fee applies.
  4. Exchange USD to Naira: Log into your UBA Prepaid Card account and exchange the USD for Naira at a favorable rate.

Method 2: PayPal Family & Friends Transfer

If you have a PayPal account from the US, UK, or Canada, this method works best:

  1. Log into PayPal: Go to “Send & Request” > “Send Money”.
  2. Send Money to a Friend: Enter the recipient’s email, select “Sending to a friend”, and confirm the payment.
  3. Receive Naira: The recipient confirms receipt, and you get your Naira in your Nigerian bank account.

Fees and Exchange Rates

While withdrawing, keep in mind:

  • ₦5 flat fee for AfriCard transfers.
  • 2.5% fee for instant bank transfers.
  • 2.5-4% additional charge for PayPal’s currency conversion.

To minimize fees, consider transferring USD to Naira within your UBA account.

Tips for a Smooth PayPal Experience in Nigeria

  • Use accurate information during account setup.
  • For Lesotho PayPal accounts, use paypal.com/ls.
  • Be consistent with devices and IP addresses.
  • Don’t mix Family & Friends payments with Business accounts.


Withdrawing money from PayPal to your Nigerian bank account doesn’t have to be complicated. By following these simple steps, you can quickly access your online earnings while enjoying the best available exchange rates. Remember, a verified and legitimate PayPal account is your best bet for smooth transactions.


1.Can I withdraw money from PayPal in Nigeria?

Yes, you can withdraw your PayPal balance to a Nigerian bank account using the methods mentioned in this guide.

2.What’s the best way to withdraw PayPal funds in Nigeria?

The UBA AfriCard method offers the highest exchange rates. For US, UK, or Canadian accounts, Family & Friends transfers are ideal.

3.How much can I withdraw from PayPal per day?

Established accounts have a maximum withdrawal limit of $5000 per transaction. New accounts should limit to $100-200 per day to avoid issues

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