Whether you want to pay for your shoes from AliExpress or receive money from a client overseas, PayPal taunts you on the payment options if you are from Nigeria. While you can use PayPal in Nigeria, you don't have the privilege of receiving funds but only making purchases or sending money to others.
With freelancing jobs gradually taking center stage in the workspace, many Nigerians seek ways to receive their salaries abroad. Over the years, platform platforms like Pay4Me, Payoneer, Western Union, and others have given Nigerians an opportunity to receive funds and make payments abroad.
If you are desperate to open a verified PayPal, the risks outwit its benefits and leave you frustrated and overwhelmed. For instance, constantly surfing the internet with a VPN can backfire and have your account frozen. As a result, you lose your hard-earned money.
The most accessible mean of bypassing the PayPal menace is signing up with alternative companies that can act like PayPal. Here are some of the alternatives that can offer you the option to make your payments and receive money from abroad
Payoneer
Nigerians have found solace in Payoneer, especially freelancers and online entrepreneurs. For a long time, Payoneer has made it easier for people to run successful blogs, work for clients abroad, and receive payments. If you want to work from home, you can consider using Payoneer as your payment option.
Nigerians who work with freelance brands like Upwork, Freelancer, Fiverr, and others often use friends or families' PayPal to receive their payments. However, Payoneer has changed the narration by offering everyone an opportunity to receive funds abroad.
With your Payoneer MasterCard, it becomes easier to withdraw your fund from any ATM service point beside your house. However, you can deposit your fund directly into your bank account using a wire transfer.
Skrill
Skrill was formerly called Moneybookers, another good alternative for Nigerians who want to receive funds abroad. Working in more than 200 countries, including Nigeria, you can use it as a payment option instead of PayPal.
Whether you own a company or want to conduct a peer-to-peer transaction, Skrill can do the job for you. Just like PayPal, you need an email address to receive your fund. Also, with a MasterCard card, you can withdraw cash from any ATM service point worldwide.
Pay4Me App
While Pay4Me App is relatively new to the financial industry, it has helped thousands of Nigerians handle their international transactions. In addition, the convenience of sending money outside Africa makes Pay4Me attractive.
This brand has fast and reliable transfer support, whether you want to send money to Asia, the Middle East, Latin America, Europe, or North America. Pay4Me allows various payments abroad with competitive exchange rates. Most financial transactions are completed within 30 minutes of initiation with 24/7 customer support.
Currently, Pay4Me App is revamping the way we receive money and make transactions abroad.
Western Union
Western Union needs no introduction with its payment options for Nigerians who want to receive or send money abroad. As a Nigerian, you can walk into some selected banks and use this service.
However, the charges could be high for many people, making it unsuitable for many Nigerians.
Direct bank wire
You can consider using direct bank transfers if you want to receive large funds from big foreign companies. However, the hassle of stepping inside a bank for the paperwork could be draining.
In addition, you should consider the bank exchange rate, which could reduce your fund drastically.
Things To Consider When Choosing A PayPal Alternative
Before you think of picking a PayPal alternative, you should consider the following:
1. Cost of transaction: You have to consider the amount you are to pay as a transaction fee?
2. How reliable is that platform?: Have you considered the reliability of the platform?
3. How urgently do you need the money? : You have to consider the time you need to receive the money. Do you think heading to the bank can be the best option?
4. Payment Convenience: Why convenient do you want to transact or receive your payment?
Conclusion
We have listed a few PayPal alternatives you can consider. However, we recommend that you try using the Pay4Me App for your international transactions. The convenience of sending money outside Africa with Pay4Me's fast and reliable transfer support makes it attractive.
