PayPal is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. This definition of PayPal should be known fully well to some of you who have seen any of my tutorials on how to open a PayPal account that receives money in Nigeria.
Well, it is a known fact that despite being able to create a PayPal account as a Nigerian, you’re limited to only receiving funds and not sending out but with a simple trick of creating Lesotho, South Africa or even UAE PayPal accounts here in Nigeria, we can successfully lay claim to the fact that receiving and sending funds to anyone in the world using PayPal is very much possible.
Creating a PayPal account that can send and receive funds is one thing but withdrawing the funds directly to your Nigerian bank account is another work on its own. Yes, there are some ways by which you can withdraw PayPal funds straight to your Nigerian bank account with one way being the use of UBA AfriCard.
Now, for you to get hold of this card, you need to be a UBA customer and we all know that not every Nigerian PayPal owner likes the bank UBA as for the other part of the population that uses PayPal and have bank accounts with UBA, simply rush down to any UBA branch near you, get a UBA AfriCard, link it to your PayPal account and gain access to almost limitless withdrawals straight to your bank account.
This is one way on how to withdraw money from a PayPal account to a Nigerian bank account, there is another way to also withdraw funds directly to your bank account and I’m going to show you how to do that in this article.
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How to withdraw PayPal funds in Nigeria
As stated above, using UBA AfriCard is one way of getting PayPal funds straight into your bank account, the other way you can use is by using ALAT by Wema’s MasterCard or Dollar Card.
Some of you should know about ALAT by Wema, for those of you who are still in the dark about what it is, I’ll quickly brief you on what you should know about ALAT and why it is way easier to use it in withdrawing PayPal funds to a Nigerian bank account.
ALAT is a Nigerian fully functional digital bank. With ALAT, you can do all your banking transactions without being physically present at a bank.
It is easy to open an ALAT account and also easy to get your hands on either or both a MasterCard & Dollar Card as ALAT offers you to own either or both of them free of charge. Since it’s a Nigerian digital bank, you can use it to withdraw your PayPal funds.
How to create an ALAT account
As I said above, ALAT is a fully functional digital bank. This means that you do not need to go to any building, fill out some form and wait for some time for your bank account to be created, quite the contrary, all you need to do is to;
- Download ALAT mobile app from Google Play (Android) or the Apple App Store (iOS), sign up with your BVN, phone number and date of birth. Ensure you make use of this code while signing up to get free N200 into your ALAt account >> UZMPJF.
How to request for ALAT MasterCard/Dollar Card
Click the Cards menu option, swipe to pick your favourite card design and confirm your choice with your ALAT PIN then type your delivery address and click Submit. Your card will be delivered to you in two business days. Please note that you would need to have at least N2000 in your account balance before you can be able to place a request for any/both of the cards.
How to link a debit card to your PayPal account
When you receive a card from ALAT, you would have to link it to your PayPal account to enable the withdrawal feature, if you fail to do this, you won’t be able to withdraw straight to your ALAT bank account. To link a card to your PayPal account, you would need to;
- First login to your PayPal account.
- Click Wallet at the top of the page.
- Click Link a debit or credit card on the left side of the page.
- Follow the instructions on the page to link your card.
How to withdraw the PayPal funds to your ALAT bank account
Since you’ve linked your ALAT MasterCard or Dollar Card, simply;
- Log in to your PayPal account.
- Enter the amount you want to withdraw.
- Cards that you can use for this withdrawal are shown in the To drop-down.
- Select the card to receive the money.
- PayPal transfers the amount from your PayPal balance to the account associated with the card.
That’s all on withdrawing PayPal funds straight to your Nigerian bank account. I’d be glad if you found this information to be useful and please do not hesitate to drop a comment in the box just below this article.
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