How local businesses can benefit from PayPal's availability in Nigeria

PayPal, is arguably the worlds biggest online payment processor, performing payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It's owned by Ebay and offers an email-based payment method that is an alternative to credit card transactions, though users can also use credit cards on the platform.

PayPal, originally was unavailable in Nigeria, owing to cancellation of its service citing increasing fraudulent activities emanating from Nigeria on the payment platform.

Now, PayPal announced entering 10 new countries this week, including Nigeria, according to Reuters. And have gone ahead to launch the services on Tuesday. While, consumers in Nigeria, with over 50 million users and Africa's largest population, will be able to make payments through PayPal.

Albeit, PayPal account is not a bank account, it's generally connected to bank account or credit card so that funds can move back and forth through the platform. With PayPal's low fees, flexible payment options, and strong user base, local businesses can benefit by offering PayPal as another buying option.

Integrating PayPal into your Web site, only requires you can choose between Express Checkout (better integration but more difficult) or Standard Checkout (uses simple HTML code). And as an add-on option, you can accept payment via Visa, MasterCard, Discover, and American Express.

Alternatively, you can bill customers via email, you don't need a Web site to send your customers bills through PayPal – they receive an email payment request that prompts them to click and pay.

However, PayPal accounts holders in the newly enlisted countries can only send money for now. You can’t receive payments directly with your PayPal account, but we hope the limitation will be lifted soon to avail local businesses the full possibilities and flexibility PayPal payment has come to be known.
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