How to fund/withdraw from e-currencies (skrill, netteller, perfect money, etc) account in Nigeria

In this guide, you'll learn how to send or receive payment online in Nigeria to or from abroad as well as learn how to find a trustworthy and reliable e-currency or Skrill exchanger in Nigeria.

Due to the limitations put on Nigerians that prevent them from receiving or sending payment online internationally, Nigerians have since found a way of sending or receiving payment online internationally through e-currencies issued by online payment companies (e-currency companies) such as Skrill and others that support Nigeria.

You can buy or sell ecurrencies to send or receive payment to/from abroad in Nigeria, fund bettings account, fund Forex account and shop on e-commerce websites that accept the ecurrencies as payment.

Click here to go straight to how to buy/sell skrill or other ecurrencies with an ecurrencies exchanger in Nigeria 

By buying and spending ecurrencies, you can literally bypass the $20 monthly international spending limit on Nigerian Naira debit card and shop online with no limit! Read more to find out how this is possible.

What is e-currency

E-currency is a form of token issued by online payment companies across the globe to represent money in form of balance in an electronic wallet that can be spent by transferring between the e-currency accounts or withdrawing directly into local bank accounts. The currency can also be used as payment at merchant website where it's accepted.

Available e-currencies for sending and receiving payment online

1. Skrill

A UK based e-currency company formerly known as Moneybookers that allows users to send and receive payment online internationally through the internet. I recommend this company for anyone that needs the best way to receive money legally in Nigeria from abroad without any issue. Skrill is a very good alternative to PayPal for receiving and sending payment abroad in Nigeria. You can buy and sell Skrill through a Skrill exchangers in Nigeria.

To receive money with Skrill in Nigeria, you need to first register an account on Skrill. To register a Skrill account visit this link. Once you registered an account on the website, you need to verify your identity and address. Once that's done you can start receiving money with Skrill in Nigeria by sending your registered email address to the person sending you money.

You can also deposit money on Skrill using Nigerian bank cards. Bank cards that allow international spending will work on Skrill in Nigeria. The exchange rate charged per dollar depends on your bank Forex rate. However, Skrill, as at the time of writing this article, charges a deposit fee of 2.5% for card deposit. You can use the popular UBA prepaid dollar card, virtual dollar cards and dollar debit card to deposit on Skrill in Nigeria.

How to fund your Skrill account with bank transfer in Nigeria

To fund your Skrill account in Nigeria with naira through bank transfer all you need is to find a Skrill funds exchanger to buy Skrill funds from. You pay the Skrill funds exchanger by transferring naira to their bank account while the exchanger sends Skrill funds directly to your Skrill account. This way you can fund your Skrill account with any amount you want without the limitations of depositing funds with naira bank debit cards. To fund your Skrill account with naira through a legit Skrill funds exchanger, click here to read the instructions.

How to withdraw money from Skrill to bank account in Nigeria

To withdraw money from Skrill easily to your Nigerian bank account, you can utilise the service of a Skrill funds exchanger who buys the Skrill funds from you, and then sends payment directly to your Nigerian bank account. Click here to read the instructions to follow to withdraw your Skrill funds to your Nigerian bank account using the service of a Skrill funds exchanger.

Click to learn how to convert your iTunes gift cards to Naira in Nigeria

2. PayPal

An American company that operates online payment systems across the globe. Used by many online shoppers for sending payment on e-commerce websites like eBay. PayPal as a payment processor is preferred among online users because of the flexibility and ease with which it allows them send payment through their debit or credit cards.

This company only allow Nigerians to send payment through their debit card but prohibits them from receiving payment. Although, as at the time of writing this post, PayPal does not allow Nigerians to receive money but because PayPal allows US citizens to send and receive money freely, some smart Nigerians found their ways out of this hurdle by registering US PayPal accounts through the use of VPN that changes their locations to that of US and services that enable them to verify or own anything that identifies or proves them as a US citizen. These US PayPal accounts if not handled and managed carefully usually get caught and blocked. You can buy and sell PayPal funds through available PayPal exchangers in Nigeria.

3. Perfect money

A Panamanian registered e-currency company that allows electronic transfer of money online between users account. You can register a perfect money account as a Nigerian through this link and enjoy limitless and seamless transferring of money from anywhere around the world. With perfect money, you can send and receive payment worldwide as a Nigerian. You have various options for funding your accounts such as bank transfer, western union and others. You can buy and sell perfect money through available perfect money exchangers in Nigeria.

There are other e-currencies companies that can be used to send and receive payment online internationally in Nigeria but these three companies are the recommended and most commonly used to send and receive payment online internationally by Nigerians. Other e-currencies companies include: okpay, Payoneer, Google wallet, and others. People also utilises cryptocurrency such as bitcoin and others to send and receive payment online across the globe in Nigeria.

Click to learn how to buy and sell bitcoin easily in Nigeria

How to buy or sell e-currencies in Nigeria from an e-currency exchanger

Buying or selling e-currency in Nigeria is a smart way of sending or receiving payment  online here in Nigeria to or from abroad. If you received a payment from outside Nigeria to your skrill or PayPal account, you need to sell the skrill or PayPal funds through an e-currency exchanger in Nigeria to receive the money in naira into your Nigerian bank account. Similarly, if you wish to send payment from Nigeria to abroad, you need to buy e-currency like skrill or PayPal from an e-currency exchanger in Nigeria and send it to your beneficiary abroad. Your beneficiary will be able to withdraw their e-currency to to their bank accounts in their local currency.

Follow the guidelines below to start buying or selling e-currency in Nigeria:

Step 1: Register on your preferred e-currency company that supports Nigeria (Skrill, Netteller, Perfect money, etc)

In order to send or receive payment online in Nigeria, you need an account with an e-currency company like Skrill, perfect money, okpay and so on. Kindly visit the website of your preferred e-currency company that supports Nigeria and follow the procedure on the website to register an account with them. Out of these e-currencies that work in Nigeria, skrill is the most recommended. Click here to register an account with Skrill.

Step 2: Verify your identity with your preferred e-currency company

Most of ecurrencies companies like Skrill and others usually require users to verify their identity with them after registration on the e-currency website. This identity verification includes; email verification which is done immediately after registration, mobile number verification, name verification which is done by submitting any government issued photo ID, and address verification which is done by submitting utility bills, bank statement or any document that proves your address. This verification steps might take between few days to weeks depending on the work load at the desk of the e-currency support team. For skrill, the verification may take between 2 to 3 business days.

Step 3: Find your e-currency exchanger in Nigeria

Once you completed your account registration and necessary verification with your preferred e-currency company your account is set-up to start sending and receiving payment in Nigeria, the next step to buy or sell ecurrencies is to find an e-currency exchanger in Nigeria. An e-currency exchanger in Nigeria is one who buys and sells ecurrencies. Through an e-currency exchanger in Nigeria, you can buy or sell your ecurrencies and receive payment in Naira into your bank account. To exchange e-currency like skrill click here to get started (PayPal exchange is currently unavailable).

Step 4: Negotiate your terms with your e-currency exchanger

Once you found your preferred e-currency exchanger in Nigeria, the next step is to discuss and agree on your terms and exchange rate. Beware of scammers. These are the people that are there to rip you off your e-currency. If you find yourself with an exchanger that offers you high rate that seems too good to be true, you better run. Most people fall into the hands of scammers because they want to buy/sell e-currencies at an exchange rate below/above market rate. To buy or sell, skrill funds and other ecurrencies in Nigeria for naira at a reasonable rate, click here to get started (PayPal exchange is currently unavailable).

Step 5: Send payment to your e-currency exchanger

After negotiation and agreement on the terms and exchange rate, send payment to your e-currency exchanger. If you are buying e-currency like skrill or PayPal, you are to send payment in naira to the bank account of your e-currency exchanger and then give him the registered email address which was used in opening an account with the e-currency company (this is where the skrill or PayPal exchanger will send the e-currency into). If you are selling or exchanging your ecurrencies, skrill or PayPal funds for naira, you are to send the e-currency into the e-currency account provided by the e-currency exchanger. Once this is done, the e-currency exchanger sends naira to your bank account. To convert the value of e-currency in naira to send to/receive from an e-currency exchanger, simply multiply the agreed exchange rate by the value of the e-currency. This is the worth of the e-currency you are sending or receiving.

Why you should use an e-currency exchanger for sending and receiving payment in Nigeria to or from abroad

Due to the restrictions and difficulties involved in sending and receiving payments in Nigeria, Nigerians had to find better options of sending and receiving payment to or from an abroad.

Some of these options includes the use of gift cards, crypto, virtual dollar cards, and others.

Part of these restrictions is the international spending limit placed on Naira MasterCard by the Central Bank of Nigeria (CBN) which limit the amount of money that can be spent internationally through Naira ATM card to $3000 monthly. This was the monthly international spending limit on Nigerian card as at 2019.

Due to the Forex shortage in Nigeria, the international spending limit is now $100 monthly and some Nigerian banks have even lowered the limit to $20 while international transactions is totally blocked by some banks in Nigeria.

Some other payment international companies abroad like PayPal limit Nigeria from receiving payment, though allows them to send payment through their debit card.

This restrictions have caused problems for hard-working young Nigerians who seek to earn money legally online and make it impossible for them to receive payment for their hardwork.

This findings and research led to the discovery of options like Skrill, PayPal, perfect money, bitcoin and others. With these e-currency companies, Nigerians are able to circumvent the international restrictions and limitations placed on them. They can now simply buy e-currencies such as skrill, perfect money and PayPal funds from an e-currency exchanger for sending payment to abroad or receive e-currencies as payment from abroad and sell them to an e-currency exchanger in exchange for Naira which is sent to their bank accounts here in Nigeria.

Buying and selling cryptocurrencies or bitcoin in Nigeria

Apart from sending and receiving payment in Nigeria using e-currencies, you can as well send and receive payment by buying or sellin bitcoin or any other cryptocurrencies in Nigeria.

From the ease and convenience of sending and receiving payment electronically to lower transaction fees, bitcoin is by far the best way to send and receive payment internationally in Nigeria. To learn more about bitcoin and cryptocurrency, click here.

We have several merchants all around the globe that accept bitcoin and other cryptocurrencies as form of payment. You can check with your merchants if they would like to accept bitcoin as payment method. If they accept bitcoin as a payment method, all you need is to buy bitcoin from a bitcoin exchanger and send it to them. If you don't know much about how bitcoin works, you can simply request the bitcoin address of your beneficiary (the person you are sending money to) and give it to a trustworthy bitcoin dealer to help you send bitcoin to your beneficiary while you pay the bitcoin exchanger in Naira.

If you would rather receive payment from abroad as opposed to sending, you may request that the sender sends you bitcoin instead. If you don't know much about bitcoin or how it works, simply ask for the bitcoin address of a trustworthy bitcoin exchanger in Nigeria and send the address to the sender (the person sending you money from abroad). Once, the sender sends the bitcoin to your trustworthy bitcoin exchanger's address, he will in turn sends Naira to your bank account in Nigeria.

To buy or sell bitcoin in Nigeria through a trustworthy bitcoin exchanger, click this link to get started.

Why you should send and receive payment internationally with cryptocurrencies or bitcoin

• Lower transaction fees. The fees for sending cryptocurrencies or bitcoin is low compared to the exorbitant amount charged by financial services and payment companies.
• Better exchange rate. Cryptocurrencies have better exchange rate compare to e-currencies. You can sell your bitcoin or cryptocurrencies at a better rate in Nigeria compare to low rate charged on e-currencies by exchangers in Nigeria.
• Easy and convenient transaction across the globe. Cryptocurrency is fast growing with potential to become a globally accepted currency. With it's widely acceptance across the globe, you can easily send and receive payment with it.

Other easier ways to send and receive payment internationally

Apart from sending and receiving payment globally through e-currencies and cryptocurrencies, there are other easy and less complicated ways you can send or receive payment from abroad.

Mobile Top-up, mobile recharge, mobile credit or airtime

Mobile credit or airtime is virtual fund awarded by telecommunication company to mobile phones as token that grants permission or access to its services. The fact that mobile top-ups can be sent internationally from all over the world makes it a better option and means for sending and accepting payment globally.

How to send mobile top-up or recharge internationally

To send mobile recharge to Nigeria from abroad, there are several websites that allow international mobile top-up through master or visa cards and some other payment options. Example of these websites include: https://www.rebtel.com/en/nigeria/recharge/, https://mobilerecharge.com and https://www.overseastopup.com. After sending mobile top-up internationally, the recipient of the airtime receives the top-up instantly on their mobile phone. They can then, trade the mobile airtime for cash. Click to know more about how to convert airtime to cash in Nigeria.

Request gift cards as payment

Due to the store value gift cards offer, sender from abroad can easily purchase gift cards from any local store and sends their pictures to their respective beneficiary in any part of the world. The recipient of the gift cards can in turn either redeem it by purchasing goods or services from the gift card issuer company or trade it for cash by selling it to people that need it. Popular gift cards that can be sent as payment includes: Amazon gift card, Xbox gift card, Google play gift card, Steam gift card, iTunes gift card, Walmart gift card, eBay gift card and several others. Click to know more about gift cards and how to convert gift cards to cash in Nigeria.

Trustworthy ecurrencies exchanger to buy or sell your ecurrencies in Nigeria

Current exchange rate if you are buying any ecurrencies is ₦800/$. This rate is subject to current market rate and minimum amount of exchange is $100.

If you are selling ecurrencies like Skrill and Netteller, exchange rate is ₦600/$. This is also subject to current market rate.

PayPal exchange is currently suspended.

To fund your Skrill account with naira or withdraw money from Skrill to bank account in Nigeria or to buy or sell other ecurrencies, follow the instructions outlined below:

1. Read terms and conditions. Click here to read through and accept the terms of service before you proceed.
   
   
   
2. Send a message with details on WhatsApp. Ensure you've read the complete instructions before you send a message on WhatsApp otherwise your message may not receive a response if you don't follow the terms and instructions correctly. Once you have fully read and agreed to the terms and full instructions given, follow this link to send details of what you want to me on WhatsApp to exchange ecurrencies/cryptocurrencies/gift cards for naira through bank transfer. Give details of what you are exchanging. Details include what you want to exchange, the value/amount and other information necessary.
   
   
   
3. Then wait patiently for my response. I will either ask for further information or let you know the amount you will receive in Naira in your Nigerian bank account base on the information you provided above. You might not receive a response if you fail to follow the instructions or provide clear details of what you want in your message.
   
   
   
4. Request for payment details. Express readiness to make payment by requesting for account to remit payment to. Once you make it clear you are ready to proceed with the transaction, you'll receive further directions or details of my account to which you can remit your payment. Only request for payment details if you're serious and ready to proceed with payment immediately!
   
   
   
5. Send payment and notify with receipt. Send payment to the payment details provided and notify with payment receipt.
   
   
   
6. Provide your own payment account details to receive payment. After sending payment from your end, send your own payment account details you want payment to be sent to and wait for the transaction to be processed. Your payment will be processed and sent in minutes.
   

Some screenshots of successful transactions with people who exchanged their ecurrencies through me

The above screenshots are some out of the many ecurrencies exchange transactions with different customers to prove legitimacy.

Terms of Trade 

Kindly read the terms and conditions that apply to your use of information on the present page you are reading. Subsequent update may be provided to these terms without your prior notice and it's your duty to regularly visit the page for updates. Your usage of the information thereof or exchange service shall signify your acceptance of these terms and you shall be bound as follows: 

1. Definition - "I" or "me" refers to the owner of this blog, the provider of this service. "You" or "your" refers to the reader of this information who wish to or has contacted me for the exchange service. "Information" or "this information" refers to the blog article on this page where these terms are originally found. 

2. Mode of operation and rules of engagement - All our transactions shall be carried out on WhatsApp. Note that transaction once entered is final and nonrefundable. 

All communications with me must be strictly on WhatsApp, no calls of any form is necessary or allowed. Do not abuse the WhatsApp call feature. Do not WhatsApp call me without following the instructions outlined in this article first. Do not WhatsApp call to call my attention if you know you are not ready to carryout any successful transaction. 

You are advised to be detailed about your enquiry or needs as message with no specific details of what you want might not receive a response.

You may send a WhatsApp message with details at any time of the day which will be responded to during my working hours or when I'm active. You may not WhatsApp call outside of these working hours (working hours is between 8:00 am to 11:59 pm GMT+1).

Be courteous, civil and respectful in your interaction as unruly/mannerless behaviour or violation will result in instant blocking! 

You may only use WhatsApp call, in moderation, as a means to call my attention to your message only if all the following conditions are met:

a. You have followed all the instructions on your part and ready to proceed to carry out a successful transaction. If you are not sure you'll end up making a successful transaction, no need to use WhatsApp call, wait for a response.

b. You've not gotten response from me for more than 5 minutes of sending your message within my working hours (8:00 am to 11:59 pm GMT+1).

c. Your transaction is urgent.

I understand you may have transactions to complete urgently, I also respect people's time and would make sure I process all transactions as fast as possible. If I'm already processing your transaction, you do not need to call me as I would always respond with an update when your transaction has been completed. Your transaction would usually be completed within 5 to 10 minutes, on average, depending on the volume of your order. If I've not responded to you, please ensure you have provided details of what you want, then you may proceed to use WhatsApp call after 5 minutes of no response.

Any misuse of the WhatsApp call in a manner that constitutes disturbance or abuse will result in blocking.

Do not contact me if you are not serious or ready to transact. If I notice you are not serious or only wasting my time, I'll stop responding to your message or even block you. If you are worried about getting scammed, check screenshots of successful transactions provided here, if still not convinced, no need to contact me. 

3. Prohibited use - You shall not use this service in connection with any criminal or illegal activities. 

All payment funds used must belong to you or you are authorized to use them. 

4. Privacy notice - You agree that I may use the screenshots of our transactions on this blog or any platform for the purpose of marketing. 

5. Rejection or delay of Payment - Since the use of a bank account or the making of an electronic funds transfer may be limited by your agreement with your financial institution and/or by applicable law,  I'm not liable to anybody if I delay or do not complete a transaction as a result of any such limit, or if a financial institution delays or fails to honor any credit or debit to or from an account. 

6. Disclaimer - In no event will I be responsible or liable for any damages or losses of any kind, including direct, indirect, incidental, consequential or punitive damages arising out of your use of this information or exchange service. 

7. Limitation of liability - TO THE EXTENT PERMITTED BY APPLICABLE LAW, I WILL NOT BE LIABLE FOR ANY DAMAGES, WHETHER DIRECT, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL, RELATING TO YOUR USE OF THIS INFORMATION OR EXCHANGE SERVICE. 

8. Indemnification - To the extent permitted by applicable law, You will indemnify, hold harmless and defend me, at Your expense, from any and all third-party claims, actions, proceedings, and suits brought against me, and all related liabilities, damages, settlements, penalties, fines, costs or expenses (including, reasonable attorneys' fees and other litigation expenses) incurred by me, arising out of or relating to your use of this information or exchange service. 

I have fully read and agreed to the terms of trade above, take me to get started!

Conclusion

With this ultimate guide on how exchange ecurrencies in Nigeria, receiving payment from abroad or sending payment from Nigeria to abroad couldn't get better. All you need to do is register an account with your preferred e-currency company that supports Nigeria (Skrill is recommended), get your account verified and find a reliable e-currency or Skrill exchanger to deal with. Click here to get started and exchange your ecurrencies in Nigeria. As simple as that.

Besides e-currencies, bitcoin, gift cards and mobile credit or airtime top-up are also easy means of sending or receiving payment across the globe effortlessly. Similarly, bitcoin, gift cards and mobile top-up or airtime received as form of payment can be traded for cash just like their e-currencies counterparts.

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