It is no longer news that PayPal has been available to Nigerians for quite sometime now. Although, not completely, but partially.

However, what could be termed as news right now, is the fact that PayPal now automatically converts Dollars to Naira when making payments online.

paypal dollar to naira conversion

PayPal Automatically Converts Dollars To Naira Value

I tried making a payment of $12.24 and PayPal automatically converted the amount to Naira, thus displaying how much I will be paying in Naira.

paypal converting dollars to naira

Doing the maths, PayPal’s rate at the time, was around N327 to a dollar which is a far cry from what the current exchange rate is in the country.

Trust me to hint the Pay Now button without hesitation. Unfortunately, the payment didn’t go through using my Access Bank Visa Card.

Using a First Bank’s ATM card wouldn’t work either because it’s actually verve and thus, ‘probably’ not positioned for internet payments.

Maybe, just maybe, if I had a GTB MasterCard, that would have went through.

Point is, PayPal now automatically converts dollars to Naira which could be much better than the exorbitant exchange rate our Banks are bringing to our face.

Of course, this automatic conversion can be overridden. Hence, if for any reason, your payment didn’t go through using the default exchange rate, you can choose to use the option that allows your bank sets the rate.

By the way, Access bank currently charges N395 per dollar. You may want to put that in mind if you are considering using access Bank for online payments.


  1. Did this using my UBA mastercard and got a text message saying “The amount displayed for card txn at PAYPAL *** is subject to additional fees because you selected pmt in Naira”. Basically they ended up charging me a higher rate than the PayPal rate even though the payment was in Naira. I dont get it at all

  2. Good day Sammy,
    Why is that I can’t receive money through my PayPal account even after linking it to my Naira account? Note I have verified it though I have not used it to buy online.
    I can’t even get the refund for an item I bought from Aliexpress after they agreed to refund me bcos PayPal would not allow them to go through.

    • Jose, currently, you can only make and send money using PayPal. Nigerians still can’t receive funds using the service and that’s why i mentioned that the service is only available to Nigerians partially. However, if you made payment using your paypal account and the merchant decides to refund you, YES, the money will be reverted to your credit card with the paypal description. Capish?


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