PayPal Withdrawal: Why It’s Hard to Withdraw with PayPal as a Nigerian and What You Can Do About It

PayPal is one of the world's most widely used digital payment platforms. From freelancers to e-commerce sellers and even online shoppers, millions rely on it to send and receive payments across borders.

It’s trusted, fast, and accepted on countless global platforms, such as Fiverr, Upwork, Shopify, Etsy, and more.

But for Nigerians, there’s a big catch: PayPal doesn’t work the way people expect. While other countries can freely send and receive money with personal accounts, Nigerians are limited. 

Can you open a PayPal account in Nigeria? Yes, but try receiving payments or withdrawing funds? That’s where things get frustrating.

If you’ve ever tried to receive money in your PayPal account while living in Nigeria, you probably know that PayPal is like a one-way street; you can send money, but receiving, especially on a personal account, is practically impossible.

Here’s the real situation:

• Nigeria is marked as a limited region on PayPal, and as such, PayPal hasn’t fully rolled out receiving capabilities here, possibly due to fraud risk concerns.
• Personal PayPal accounts registered in Nigeria can’t receive payments at all.
• The only way to receive money is by creating a PayPal Business Account, and even that requires linking to a registered business entity with legit documentation.
• Withdrawals are still not straightforward; you’ll need to link a Dollar account or find a workaround.

That’s why most freelancers, creators, e-commerce entrepreneurs and online workers who earn in foreign currencies from clients or platforms can’t or find it hard to access their money through conventional means.

What Most People Do 

To work around this, some resort to asking their friends and family overseas to help with withdrawals -  not everyone has this privilege, and many others pay for working PayPal accounts from other countries (e.g., Lesotho, UAE, Kenya). While this is a ‘saviour move’ to ensure that you can monitor the receipt of your money easily, there is still the problem of withdrawing your funds because most times you need to convert your money to naira. As a result, the services of unverified trading plugs are usually sorted on WhatsApp, Twitter or Telegram.
 

Using these unverified sources comes with a lot of risk, which includes scams and a lack of protection for your funds if anything goes wrong, coupled with that is the case of ridiculous exchange rates, which no one is ready to put up with. 

And for those who do not have friends or families overseas and are not privileged to own a foreign PayPal account, what would be their fate?

This leaves us with a question

What is the way out??

The Smarter Way 

A platform like Ratefy-Market now allows you to safely exchange your PayPal funds for Naira or request for PayPal withdrawal service (if you don’t have a working PayPal) through a peer-to-peer solution with verified merchants.

Here’s how it works:

• You log in and create an offer or check through for available offers. For this, you can choose to transfer from your personal PayPal account or request a withdrawal to a merchant’s account if you are withdrawing from Platforms like Fiverr, Upwork or even TikTok
• A verified merchant accepts your offer, and if you are checking for available offers, you can choose anyone that interests you
• Funds are exchanged securely with escrow protection
• You get paid directly into your Nigerian bank account
   

Why Ratefy-Market Is the Real Deal

With Ratefy-Market, you don't have to fear like you would when transcating with unreliable WhatsApp, Telegram plugs:

• Every merchant is verified
• Transactions are protected with escrow
• You can choose from several competitive rates and not settle for low exchange rates
• You can chat with merchants and monitor the process of transaction process
• You get real support if something goes wrong
   

In short,  it’s built for trust.

Final Thoughts

PayPal may not be officially functional in Nigeria, but that doesn’t mean your money should be stuck.

With smarter platforms like Ratefy-Market, you can withdraw, trade, and move money freely.  all while avoiding scams and gaining control.

So, if you’re sitting on PayPal funds with no way out or you are figuring out a way to withdraw through Payoneer, maybe it’s time to try the safer way.

Visit Ratefy-Market and get started today.