Fund And Withdraw Paypal Funds Easily In Nigeria

Carrying out some online transactions without a paypal account is almost impossible since it turned out to be the most widely used form of online payment solution over the years. Paypal is not supported in Nigeria and you have to go through certain steps just to open and verify a paypal account as a Nigerian and I made a post earlier on that. Despite getting a paypal account through the backdoor, withdrawing your money earned online and funding it to facilitate your online transactions and purchase items remains a problem to most people. There are lots of Nigerian internet marketers parading themselves as paypal gurus but you'll definitely think twice if you happen to witness a scam. I'm not saying everyone of them is not trustworthy, there are some I've even done business with in the past without regret but I only need to emphasize the fact that there's still that slight possibility of getting scammed trying to fund and withdraw from your paypal account in Nigeria through a total stranger you only know on the internet.

With the increasing demand of paypal funds and means of withdrawal, Nigeriagoldexchange and OnlineNaira resolved this issues with the service they offer.

NigeriaGoldExchange.com
I knew this site way back in 2009 when I needed to fund my Liberty Reserve account. They've been funding liberty reserve accounts since and they recently started funding paypal too. The last time I checked, they sell a dollar for 195 Naira. They also buy and sell alertpay and webmoney funds as well.


OnlineNaira.com
I came across onlinenaira recently through a friend and they offer an excellent service too. It's very easy withdrawing your paypal funds as you 're allowed to even get your payment through liberty reserve. You can fund and withdraw from your payapl account through your Nigerian bank account. They require you to verify your identity though before you can use their service and the steps include submitting a scanned copy of your recent utility bill and a goverment issued identity card.

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Making Money Online With Liberty Reserve

Did you know you can make money online easily with just a liberty reserve account and nothing more? There are several referral programs online but I hardly go for them because in most cases, you never get paid. Liberty Reserve definitely has a name to protect and wouldn't dare get involved in some kind of shady referral scheme just to get more users.

If you're new to liberty reserve, it's also an online payment solution like paypal, alertpay and the rest of them. You can read my beginner's guide on how to use liberty reserve here.
Every liberty Reserve account holder is qualified for this referral program as there is no exception. There are just about few conditions attached though:

* You must have $10 in your account to be a referrer.
* You must post your referrer link on any online page (web site, blog, forum, email account, etc.) Direct referral links entered in a browser will not work.
* Referrers that generate a lot of fake accounts will be frozen. Warn your friends and clients not to open fake accounts.
* You must not pay people for signing up under you.

Referred Member	Referrer
$0.05 for being referred	$0.25 for every member you refer

As shown in the table above, you get $0.25 for everyone that signs up through you. Also, the person you refer gets $0.5. Now, assuming, you manage to refer just a thousand people, you get $250 which is very close to 40,000 Naira.

If you already have a liberty reserve account, check this page to read more about the referral program but if you're totally new to it, open a free account now!

Your referral link should look like http://www.libertyreserve.com/?ref=U5386220 where U5386220 is substituted with your own Liberty Reserve account number.

Getting people to refer isn't that hard:

1. You can tell your friends on facebook
2. You can post in forums and inform people about it
3. A banner or link on your site or a friend's site too will definitely help.

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How To Withdraw Paypal Funds In Nigeria

Most paypal users in Nigeria are faced with the problem of withdrawing their paypal funds. The problem is complicated by Nigeria not being on Paypal's supported countries list due to reasons best known to paypal. It's getting rather hard to run serious online business these days without a paypal account but easily withdrawing the dollars is even a bigger problem.

Minute-exchange.com was the real deal when it came to converting paypal funds to liberty reserve till they stopped accepting paypal. The truth of the matter is, there is no legitimate site online where you can exchange your paypal fund for liberty reserve ( as this is preferable in Nigeria ).
I'll however give a couple of tips on converting your paypal funds to hard cash.

1. The most preferred option is funding other people's account with your paypal funds and the recipient pays into your bank account. Yhe only problem is you might not always find someone in need of paypal funds.

2. Transferring your paypal funds to a friend overseas in a paypal approved country. The person only needs to transfer the money to his/her bank account and sends it to you here in Nigeria via Western Union or MoneyGram. This requires a very high degree of trust though.

3. Investing in online businesses (HYIP or Forex sites) that allow you to pay via paypal and withdraw through liberty reserve.

4. Another option is buying stuffs online with you paypal funds.

5. The last option is using e-currency exchangers like minute exchange I mentioned earler. But like I said, they no longer accept paypal. Another exchanger I found is exchangezone.com. Exchangezone allows allows its members to exchange digital currencies directly with each other without any intermediary company. I've heard people say they are reliable but I haven't tried them.


Personally, I normally prefer using any of the first two options. It's been working for me perfectly for some years. The third option too is quite okay, just that I have a phobia for HYIPs. lol.

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How To Cash Google Adsense Cheque In Nigeria

It's rather unfortunate that only form of payment for adsense earnings available for Nigerians is by Cheque. Worse yet, it's a US Dollar cheque and many Nigerian bloggers find this rather inconvenient as you have to wait for like a week or two before the cheque arrives and it takes up to twenty working days before the cheque is cleared at your local bank.

It's even more annoying because the banks see this as an avenue to make money off publishers and force one to share a reasonable chunk with them. There are other payment options available in other countries like Paypal and Western Union but Nigerians are definitely stuck with the US cheque option at the moment.
Are you wondering how to cash out a US Dollar cheque here in Nigeria? It's quite easy but only takes some time. You have to first open a domiciliary account though. This is a US Dollar account you can operate at your local bank and this is the account in which your cheque will be paid into. I use Guarantee Trust Bank and it only took $100 (about 15,000) to open this account. To open a domiciliary account, you must have:

-a government issued ID card (National ID card or driver's license) or international passport
-a recent utility (probably PHCN bill)
-two referees each operating a current account in any Nigerian bank (preferably in your bank of choice for quick verification)

Like I said, I used GTB and that's all I provided. Some banks like Intercontinental Bank charde $150 while some like First Bank will ask you to open their domiciliary account with $500! The choice is definitely yours.

After opening the account, simply go to your bank and drop the cheque for processing. It takes like twenty one days and the cash is right in your account! It's as easy as that.
Let's only hope Google makes the Western Union option available for Nigeria pretty soon cuz seriously, this cheque thingy kinda takes too long.

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Buy Domain With Liberty Reserve, Pay in Naira

Most, if not all domain registrars force you to pay with credit card or paypal. And since paypal is not supported in Nigeria, most people find it hard purchasing a custom domain. To make matters worse, credit/debit card offered at Nigerian banks often mess up when used for some online transactions. It's a personal experience.

However I came across a domain registrar that accepts Liberty Reserve, Alertpay and some other e-currencies apart from paypal. I've been with them for over a year now and I can boldly say their service is excellent.
If you're new to Liberty Reserve, you can read my post on how to fund your liberty reserve account here in Nigeria...then go ahead and purchase your domain in Naira!

Visit gossimer.com, sign up and you'll definitely love their service.

Purchasing a custom domain for your blog is important and I advice you to get one. It gives your blog an identity, makes it look more professinal and good for SEO. It'll be probably be around 2000 Naira per year. I'm sure that isn't too much.

QYTG26TATZRD

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Using Liberty Reserve in Nigeria

I was rather surprised last week when I came across someone who told me he had a liberty reserve account but didn't know how to fund it.
Liberty Reserve is one of the easiest online payment solution that is supported in most countries including Nigeria. One feature I love about it is its ease of use unlike paypal with so much restrictions.

All you need to to is go to www.libertyreserve.com, open and account and verify your email.

How to Fund Your Liberty Reserve Account

There's a list of Liberty Reserve exchangers right on liberty reserve site and you can easily choose one that falls in your country of residence, but I personally use GoldNairaExchange and I can boldly say their service is good.

You will have to be a verified customer to buy a certain amount of LR funds from this exchanger but it's definitely worth it as they are accredited by Liberty Reserve. Verifying your account with them only has to do with submitting a scanned copy of your utility bill, bank statement (and probably a scanned copy of a government issued ID card).

Once you're a verified member, you can buy as much LR fund as you wish by filling the form on the site, paying into their Guarantee Trust bank account and notifying them of your payment.

Normally, your account will be funded within 48 hours but I normally get mine funded under 24 hours in most cases.

Withrdawing Your Liberty Reserve Funds

You can as well sell your Liberty Reserve Fund to these people. Simply follow the steps provided on their site and you get you Liberty Reserve Dollars back in Naira right in your bank account.

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