Alternatives To PayPal in Nigeria: A Must Read

An alternative to Paypal in Nigeria is a question frequently asked by Nigerian bloggers, affiliate marketers, and even small business owners to make money online.

You are not alone.

PayPal is usually the best choice for both individual and business transactions because you can send and receive money from anywhere in the world.

It is simple to use, which makes it generally accepted as a payment option in the internet market.

Unfortunately, many people and online businesses in many countries are unable to accept PayPal payments, which is unpleasant.

If you live in a country like Nigeria where PayPal is restricted, you may lose out on online income opportunities if you don’t have a system to receive payment online. If you have PayPal alternative, you can recommend it to your clients and make money online in no time!

If your search term on Google is “alternatives to PayPal in Nigeria,” then this is the right article for you.

This article is meant to point you in the right direction and you don’t need all the alternative list. The best alternative to PayPal in Nigeria is Payoneer.

Let’s dive in…

What is Payoneer?

Alternatives To Paypal in Nigeria: A Must Read

Payoneer is a digital payment platform that enables individuals and and companies all over the globe to conduct overseas transactions as simply as they do locally by delivering speedy, safe, and low-cost international payments.

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Making it possible for e-commerce vendors to accept payments from online marketplaces like Amazon, Lazada, and Airbnb, as well as digital entrepreneurs and freelancers to accept payments from freelance platforms like Fiverr and Upwork, as well as directly from their international clientele, without any hassle.

You may simply accept cash from worldwide markets and overseas clients via virtual currency accounts using your Payoneer account (USD, GBP, EUR, JPY, MXD and more).

After funds are transferred to your account, you can withdraw them to your local bank or from ATMs worldwide, make purchases online or offline, pay suppliers and contractors, and even cover Amazon advertising expenses.

The likes of Airbnb, Google, Amazon, eBay, Rakuten, Adobe, Upwork, and Fiverr all accept payments through Payoneer.

Is Payoneer Safe?

Yes, payoneer card customers in Europe used to have a huge problem with losing access to their payments, because the Payoneer Mastercard was linked to a corporation named Wirecard, which was under investigation for fraud. People have not ignored it, regardless of the fact that finances were soon returned.

Every Payoneer transaction is protected by powerful anti-hacking and firewall measures. This aids in the prevention of fraud, identity theft, phishing attacks, and other sorts of cyberattacks. Your Payoneer account funds is secure.

You will also get an email every time a transaction or change to your account happens on the Payoneer system.

Is Payoneer Charging a Monthly Fee? 


Payoneer charges in Nigeria is the same globally and it is an annual fee of $29.95, which is due after 12 consecutive months of inactivity. There are no costs for transferring money to other Payoneer users as long as the money comes directly from the Payoneer account.

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Payoneer Fees

Payoneer User to User

It is always free to accept payments from other Payoneer users who pay from their Payoneer balance.

Directly From Your Customers

A bank transfer from your Payoneer money to another bank account can cost 2% of the transaction, while a credit card transaction can cost up to 3%.

When you use USD, EUR, or GBP to send money into a bank account in the same currency, and same country as your Payoneer profile, you will be charged $1.50.

Depending on the country, the platform charges a currency exchange fee of 2% to 2.75 % for international transactions. When you use a currency that is listed, Mastercard’s exchange rates will be an option.

Payments Marketplaces and Networks

Wish, Fiverr, Upwork, Airbnb, and dozens of other firms accept payments via Payoneer because of the integration between these platforms.

Please note that your bank or any other payment provider not directly linked with Payoneer may take processing fees, landing fees, or other intermediary costs from the amount you withdraw.

Payoneer Receiving Accounts

Payoneer provides a local bank account for you to receive money from different countries. Receive payments in USD, EUR, GBP, and more exactly as you would at a local bank from different countries.

Withdrawals: Payoneer USD to Payoneer GBP

With Payoneer, you may withdraw money in a variety of currencies to your bank account at low fees.

Please note that your bank or any other payment provider not directly linked with Payoneer may take processing fees, landing fees, or other intermediary costs from the amount you withdraw.

Withdrawals: Payoneer USD to Local Bank USD

Withdrawing U.S. dollars, Euros, or Pounds from your foreign bank account to your local bank account will cost you a flat charge if your local bank account as stated in the image above.

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Withdrawals in Non-local Currency

Payoneer offers convenient and low-cost currency withdrawals to bank accounts in a wide variety of currencies. You can learn how Payoneer calculate is withdrawal fees.

Charges for Payoneer MasterCard in Nigeria

Prepaid Mastercards may be used as debit cards for any form of transaction, including online shopping. Payments are sent to Payoneer Mastercard rather than your online account (and then transferred to a local bank account).

Please keep in mind that the Payoneer Mastercard fee cost $29.99 annually. If you need cash quickly, this should not be an issue. You can use Payoneer card at any ATM worldwide; however, it has a daily cap of $2,500.

Based on how the prices are set up, they will also charge you an average of 1% of the transaction for foreign exchange costs.

Open a Payoneer account in Nigeria

Using Payoneer in Nigeria for your digital business is a great choice. I wrote a complete steps on how to open a Payoneer account in Nigeria free at no cost and earn $25.


Payoneer has become the most popular platform for freelancers and those whose businesses are mostly conducted online. It will only be nice to let you know that there are other platform aside from Payoneer.

There are several online payment platforms, but I will focus on Payoneer since they are more dependable and are often used for freelancing platforms.

I will like to read your thoughts in the comment section.

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