Image: Information-Age<\/figcaption><\/figure>\n\n\nBitcoin has slowly crept into our normal business transaction. More and more sites are accepting Bitcoin as a means of payment. Even in Nigeria, many businesses are accepting using Bitcoin for online tractions. This is because it is now easy to convert Bitcoin to any local currency. You can even transfer Bitcoin into your local bank account and withdraw it in Naira.<\/p>\n\n\n\n
To achieve this, all you need is a Bitcoin wallet address. With this, you can receive payment into your Bitcoin wallet from any online site or business. Then with a platform like SendCash, you can convert your Bitcoin into cash and send it to your local bank account.<\/p>\n\n\n\n
You can also use Bitcon to transfer money from Nigeria to any business worldwide.<\/p>\n\n\n\n
4. BlueSnaps<\/h3>\n\n\n\n
BlueSnaps is another good alternative payment service for Nigerian businesses. This payment service is particularly efficient when it comes to online\/website subscription billing and receiving payment from goods or digital products sold on blogs or websites.<\/p>\n\n\n\n
One great feature BlueSnaps has it that it allows online shops to offer different types of promotions at checkout. They also support invoice payments.<\/p>\n\n\n\n
BlueSnaps service is very organized and they have a friendly user interface. This payment service is a great alternative to Paypal for Nigerians businesses. With BlueSnaps, you can receive money through local bank transfer.<\/p>\n\n\n\n
5. eCheque<\/h3>\n\n\n\n
This is a digital form of a paper cheque. With it, buyers and sellers can carry out online transactions through various banks. <\/p>\n\n\n\n
Google AdSense and affiliate marketing are some of the ways Nigerian blogs and website make money. Cheque offer a good alternative to Paypal when it comes to receiving payment for advert placed on their blogs or sites. <\/p>\n\n\n\n
However, making withdrawers with Cheque is a bit complicated; this is because of the rigorous processes required.<\/p>\n\n\n\n
To get your funds from Cheque, you must:<\/p>\n\n\n\n
- You must submit a valid means of identification<\/li>
- A valid mailing address is needed<\/li>
- You have to open a domiciliary bank account through which you can withdraw your funds in foreign currency.<\/li><\/ul>\n\n\n\n
One down side to this form of payment is that it takes 3 \u2013 4 days before you can receive your money.<\/p>\n\n\n\n
We have just given you 5 alternatives to Paypal, but there are lots of other good alternatives to Paypal that enable Nigerians businesses and entrepreneurs to receive international payments.<\/p>\n\n\n\n
Lots of them have been in business longer then Paypal, but Paypal have become first choice for many companies because of its friendly interface and ease of transaction.<\/p>\n\n\n\n
However, since Paypal allows Nigerians to receive money into their Paypal account but they cannot withdraw it, it is advisable to have a Paypal account and any other account, such as Payoneer or Skrill.<\/p>\n\n\n\n
By doing this, if you transact business with any online company that only offers payment via Paypal, you can receive payment into your Paypal account and transfer it to your Payoneer or Skrill account, through which you can withdraw the funds locally.<\/p>\n\n\n\n
When deciding on which to choose, make sure to check for the ease of transfer, how much it will cost you, what details are required to register with them and their online rating.<\/p>\n\n\n\n
Read next:<\/strong> Kudabank Raises $10 Million to Keep Building Africa\u2019s Best Bank<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Paypal is one of the top international payment services in the world, and it has earned a reputation…\n","protected":false},"author":10,"featured_media":2978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[282],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/techsofar.com\/wp-content\/uploads\/2020\/11\/paypal-alternatives.jpg","_links":{"self":[{"href":"https:\/\/techsofar.com\/wp-json\/wp\/v2\/posts\/2959"}],"collection":[{"href":"https:\/\/techsofar.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techsofar.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techsofar.com\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/techsofar.com\/wp-json\/wp\/v2\/comments?post=2959"}],"version-history":[{"count":0,"href":"https:\/\/techsofar.com\/wp-json\/wp\/v2\/posts\/2959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techsofar.com\/wp-json\/wp\/v2\/media\/2978"}],"wp:attachment":[{"href":"https:\/\/techsofar.com\/wp-json\/wp\/v2\/media?parent=2959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techsofar.com\/wp-json\/wp\/v2\/categories?post=2959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techsofar.com\/wp-json\/wp\/v2\/tags?post=2959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}