Few days ago, while I was presenting a seminar on “How to work for U.S companies and earn dollars while staying in Nigeria” one of the participant raised his hand and ask, how possible can I receive dollar directly from USA to Nigeria? I told him, it quite possible!
I tried to explain to him the steps to take and he was very happy for the enlightenment. Aside the seminar hall, I do believe there are so many people out there who need this information too that is one of the reasons I had to write this article. Well, if you were not in that seminar hall that day, this article is for you.
There are so many online businesses to earn dollars online and receive it right here in Nigeria. Without wasting any of your time, here are the easiest possible ways to receive US dollars right here in Nigeria, even right now!
How To Receive US Dollar in Nigeria Online
If you are doing a virtual job for several companies in the United States of America, you can receive dollars through platforms like Paypal, Payoneer, etc. Even if you are receiving money from your relatives or friends who stays overseas, they can send it to you through Paypal and Payoneer.
- How to receive US dollars in Nigeria through Paypal:
You must first open a paypal account then send your Paypal email address to the person or company. Your paypal email address you provided while registering your paypal account. Once you have sent the email address to the person or company, they can open a paypal website and send money to you through the credit or debit card. Once the money is in your account, you withdraw it via Payoneer.
- How to receive US dollars in Nigeria through Payoneer:
Payoneer is a virtual bank that allows you to receive money from foreign clients. They can send dollars directly into your domiciliary account here in Nigeria. The good part in receiving dollars through Payoneer is that you can also use their MasterCard to withdraw dollars at any ATM machine that is dispensing dollars, you can also use the MasterCard to withdraw the cash in Naira from any ATM machine that is dispensing naira at the official Dollar to Naira bank exchange rate.
- How to Receive US Dollar in Nigeria through US Dollar Bank Account
Opening a dollar domiciliary account is the easiest way to receive US dollar in Nigeria. A US dollar account will enable you to receive bank transfers from abroad and you can withdraw your dollars by simply walking into any branch of your bank.
The requirements to open a dollar domiciliary account in any of the major banks in Nigeria are almost the same, find out your bank’s requirement and present the needed documents to enable you open the dollar account.
You can now send your account number, sort code, and bank name to whoever wants to send you the dollars from overseas.
- How To Receive US Dollar in Nigeria Through Western Union Money Transfer
Western Union Money Transfer is one of the surest ways of receiving dollars in Nigeria. The company has been in existence for over 145 years and they operate in almost all the banks in Nigeria. It is very easy to receive dollars through the Western Union Money Transfer. All you need to do is visit any of their agent locations in Nigeria, you will be required to provide the name of the sender, the tracking number which the sender must have sent to you and the expected amount.
You will also be required to verify your identity by submitting a government-issued ID card. Once you have been fully verified, you will get the dollars.
Summary
Like I have explained above, you can receive dollars from the USA through paypal, payoneer, dollar dormicilary account, and Western Union Money Transfer.
You might want to ask, can I receive dollar in my Naira account? Well, YES, but it will be exchanged into Naira once it enters your Naira account. Moreover, If you want to receive dollars, you will need to open a dollar account with any commercial bank in Nigeria. You are permitted to own a Naira and Dollar account in the same bank and at the same time.
You might also want to ask, how do I receive other international payments in Nigeria?
The best ways to receive any international payments are through Western Union Money Transfer, TransferWIse, WorldRemit, Ria Money Transfer, MoneyGram, Skrill, and Payoneer.
However, the easiest and most preferable way you can receive international payment in Nigeria is through wire transfers. This means you have to open a domiciliary account with any of the Nigerian banks and send your account details and the Bank identifier to your client overseas. Once the money is sent to your account, it may take some days to process but it is the most secure and effective way to receive dollars in Nigeria.
I hope my explanations are helpful. If you still have questions, kindly use the comments section below, I will be glad to respond.
Stay blessed!
This educative post was written by the CEO of infoguidenigeria.com Mr. Ifiokobong. I hope you found value in it. Thanks for reading. If you need more information you can reach him on his blog as shown after.
