6 Steps To Open A PayPal Account Without A Bank Account In Nigeria

Nigerian PayPal accounts only allow customers to send money and not receive money. This is quite challenging for Nigerians who have online businesses that require PayPal accounts for receiving funds. 

Most wanna-be Nigerian PayPal customers might be wondering, if is it possible to create a PayPal account without a bank account. 

Well if that is why you visited this blog, then we’ve got you covered. In the course of this informative blog post, we will detail how any Nigerian can create a PayPal account without a bank account in Nigeria. Without further ado, let us delve in. 

Here is a stepwise guide on how to open a PayPal account without a bank account in Nigeria:

Step 1: Visit the PayPal website

The first practical step is to visit the PayPal official site for Nigerians (https://www.paypal.com/ng/webapps/mpp/home). 

After selecting the signup option, you will be prompted to choose whether your purpose for opening the account is for business or Personal reasons. Select either of the two and choose the “Next” button to proceed with the next PayPal setup steps. 

Step 2: Enter your email address

The next practical step involves inputting a valid email address, and then selecting a strong password for your PayPal account. It is important to note that you should use a PayPal account password that you can remember easily.

Step 3: Key in your details for the PayPal account setup

In the next step, the Nigerian PayPal wanna-be user will be prompted to input their details. Some of such details include; your name, address, and phone number. Ensure that the information you keyed in is correct. The reason for this is that the information you keyed in will be used for future PayPal verification.

Step 4: Skip the option to “Link your bank account” on the setup page. 

In your PayPal account setup account, you will get to an interface that will ask you to link your bank account, kindly ignore the prompt. The reason for this is that you don’t have a bank account, or you want to create a PayPal account without a bank account. 

Step 5: Add a debit or credit card

When you skip the prompt to add your bank account to your Nigerian PayPal account, you will see an option to add a card. You can use a Nigeria UBA Dollar Prepaid card or an online virtual card. Ensure that your card is activated for online transactions so that it can be used to verify the PayPal account. 

Step 6: Verify your PayPal Account

After adding your debit or credit card, you will need to verify it. In light of this, PayPal will deduct $1.95 from your card, and send a sequence of codes to the number linked to the account as bank SMS. You will need to resend the code in the bank debit SMS. One practical reason why PayPal makes this move is to ensure that the card can be used to make online payments and online withdrawals. If you put the right codes, your PayPal account will be verified. For verification with your bank account, PayPal will send some cents of United States Dollars to your US bank account. You will now be prompted to input the exact amount of cents credited to you in order to verify the account. But since you don’t want to use your bank account, you will not need this. Simply use your debit or credit card for PayPal account verification. 

How to Receive Money on PayPal Without a Bank Account

Here is a detailed guide on how a Nigerian can receive money on PayPal without a Bank account:

1. Create a PayPal Account: The first step is to create a PayPal account using your email address. You won’t need to link a bank account during the signup process.

2. Share Your PayPal Email: To receive money, simply provide your PayPal email address to the sender. They can then send you money through PayPal.

3. Check Your PayPal Balance: Once the money is transferred, you’ll see it reflected in your PayPal balance.

Limitations and Considerations In Receiving Money From PayPal Without A Bank Account

• Withdrawal Restrictions: Without a linked bank account, you might face limits on how much you can withdraw at a time.
• Withdrawal Methods: Your withdrawal options might be limited. PayPal might offer options like PayPal Cash or PayPal Credit, but these might have their own terms and conditions.
• Verification: To increase your PayPal limits and access more features, you might need to verify your identity by providing additional information.

How to add money to PayPal without bank account

While receiving money without a bank account is relatively straightforward, adding money to your PayPal balance is a different story. Typically, you’ll need a bank account or a debit/credit card to fund your PayPal account.

However, there might be alternative methods depending on your location and circumstances. Some possibilities include:

• PayPal Cash or PayPal Credit: If available in your region, you might be able to add funds using these PayPal-linked financial products.
• Direct Deposits: Some employers or government agencies might offer the option to send direct deposits to your PayPal account.
• Peer-to-Peer Transfers: You could receive money from friends or family who have PayPal accounts and transfer funds to your account.

Important Note: Always be cautious when sharing your PayPal information. Only share it with trusted individuals or businesses.

Conclusion

With the above-elucidated steps, you will be able to use your PayPal account without a bank account. You don’t need a bank account when opening a Nigerian PayPal account. However, when you want to withdraw your funds, you might need a bank account.