No doubt,many Africans especially Nigerians worry about how to receive payments abroad especially for jobs done. The birth of the internet made the introduction of new technologies possible.
Recently, many people work and earn decent income online from the comfort of their homes. As many people stand on the queue of making legitimate money online,more are worried on how to receive and cash out payment made to them.
Paypal is the most widely used payment method world wide. But sadly,many African countries example Nigeria are excluded from certain features of this payment service.
In Nigeria, paypal is mostly used to make purchases online and to transfer funds to other paypal users. Many Nigerians dread online businesses and those who are into it are left confused on how to cash out payment made to them for jobs done because of this restriction.
So far, Paypal is the fastest and safest way to receive payments abroad/online. But since Nigerians are restricted to certain features of paypal, there are other alternatives to receive money abroad or online.
If you are finding it difficult to receive money/payments online or you are confused on how to receive money abroad, this post is for you. Here, i will discuss in detail various ways to receive payments /money online or abroad aside paypal.
Ways To Receive Payments Online Aside Paypal.
1. SKRILL : Skrill is so far the best altetnative to paypal for Nigerian. It was formerly known as Moneybookers. Skrill's service works just like paypal. With skrill you can send and receive funds online. You can also upload money to your local bank account. Money can be uploaded from your payoneer mastercard, to your skrill account,then to your Nigerian bank account.
To have access to all the features of skrill, you need to verify your account.
2. PAYONEER: Payoneer is a good alternative to paypal especially for people working online as freelancers,affilliate marketers and for other reputable companies online.
People working online for companies like Fiverr, freelancer, Markethealth can request their payoneer card through the freelance outsourcing sites or affilliate networks or visit the payoneer website to request the card directly.
With payoneer prepaid mastercard, you can receive direct payments from online sites and even withdraw money from any ATM around. Payoneer also notifies its user of any payment made to their account.
To learn the steps on how to open a payoneer account read the post i made on how To Open A Payoneer Account in Nigeria and How To Request And Receive Your Mastercard.
3. WESTERN UNION MONEY TRANSFER : This payment system is safe and fast but to use it, you have to have a valid government issued identity card like your National identity card, voters card, driver's licence or even your international passport.
Western union is the fastest and safest way to receive money from anywhere in the world but it's not suitable for small amounts because of the transaction and transfer charges involved.
4. CHEQUES : To receive money through cheques, you should have a domiciliary account. You can open a domiciliary account easily in any Nigerian banks. Cheques are suitable for freelancers and Amazon affiliates networker.
In this method, cheques are issued upon request and are mailed to the address provided by the receiver. You can cash your money from any Nigerian banks once you receive your cheque.
Cheques are not suitable for individuals who need money urgently because it takes weeks and sometimes longer to arrive depending on the issuing bank and the receivers bank.
Note: Its very important to provide a valid traceable address when requesting for cheques to avoid losing it.
Recommended: How To Start And Run A Successful Dropshipping Business In Nigeria
To have access to all the features of skrill, you need to verify your account.
2. PAYONEER: Payoneer is a good alternative to paypal especially for people working online as freelancers,affilliate marketers and for other reputable companies online.
People working online for companies like Fiverr, freelancer, Markethealth can request their payoneer card through the freelance outsourcing sites or affilliate networks or visit the payoneer website to request the card directly.
With payoneer prepaid mastercard, you can receive direct payments from online sites and even withdraw money from any ATM around. Payoneer also notifies its user of any payment made to their account.
To learn the steps on how to open a payoneer account read the post i made on how To Open A Payoneer Account in Nigeria and How To Request And Receive Your Mastercard.
3. WESTERN UNION MONEY TRANSFER : This payment system is safe and fast but to use it, you have to have a valid government issued identity card like your National identity card, voters card, driver's licence or even your international passport.
Western union is the fastest and safest way to receive money from anywhere in the world but it's not suitable for small amounts because of the transaction and transfer charges involved.
4. CHEQUES : To receive money through cheques, you should have a domiciliary account. You can open a domiciliary account easily in any Nigerian banks. Cheques are suitable for freelancers and Amazon affiliates networker.
In this method, cheques are issued upon request and are mailed to the address provided by the receiver. You can cash your money from any Nigerian banks once you receive your cheque.
Cheques are not suitable for individuals who need money urgently because it takes weeks and sometimes longer to arrive depending on the issuing bank and the receivers bank.
Note: Its very important to provide a valid traceable address when requesting for cheques to avoid losing it.
Recommended: How To Start And Run A Successful Dropshipping Business In Nigeria
5. WIRE TRANSFER : Bank wire transfer is suitable for anyone into online business. But to use this option, you have to have or open a domiciliary account. Payments in this method are usually simple and funds are transfered from the senders account to the receivers account. This method is safe, but it usually takes transferef funds days and sometimes weeks to reflect in the receivers account.
6. 2CHECKOUT : This payment method is also known as 2CO and suitable for people who own and run online stores. This service allows its users to integrate a payment method in their websites or blogs through which they receive money from anywhere in the world.
Money can be transfered from your 2CO account to your payoneer account and the to your domiciliary account. To cash out funds in this system, you have to reach the minimum release balance.
To open a 2CO account, simply visit 2checkout.com and register. It takes a few days to have your account approved and also they charge application fee of $10.
7. ONLINE MONEY TRANSFER : To use this payment option, you have to first register in any online money transfer companies like Transferwise and worldtrust. This option allow its users to receive money directly into their local bank accounts at very low cost.
CONCLUSION : By now you must have realised other options available for Nigerians to receive money abroad or online aside paypal. Choose any option that fits your need and earn and receive money abroad or online.
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