For years, one of the top 3 question in mind of average Nigeria internet opportunity seeker has been how can I open paypal account and have it verified. My answer has always be stay away from paypal. I knew it wasn’t answer most people expect. But knowing that two of my friends lost close to 8 million naira plus to paypal between 2003 and 2004 I couldn’t help with better answer.
However, that is over now has Paypal now officially accept Nigerians to open and use paypal account. To some people, this will be a dream come true. In fact to one of my mentor it is a prophesy come true. A mentor once prophesies that it will get to a point that paypal and clickbank won’t have choice but to accept and trade with Nigerians.
How to make payment online – The transition
In the year 1999, I attended first internet marketing opportunity event in lagos. After the event I felt a need to know more about the whole internet business opportunity. I did some research online and discover some courses. I couldn’t pay because majority of vendors then accepts visa or mastercard credit card.
Paypal wasn’t that popular then. But when it became popular and almost all internet marketers started using it as a way to receive payment things even became more difficult. The only option then was to pay through ‘payment solution service providers that charge 25 to 40% of total payment value then. Then the services providers can only help you buy stuff. You can’t use their service to pay for adverts.
Some of the service provides later started selling pre-paid reloadable visa & mastercard which was a bit expensive. It was around this period that service like graphcard.com and fastecash.com were launched. Few years later things started improving.
It was a big relief when local banks started issuing visa and mastercard. Instantly buying things online became a bit easier. Paying for information products, online adverts, domain names, hosting services and many other stuffs became really easy. It open up a lot of opportunities to fellow nigerians. However, it wasn’t a final solution to payment challenge for internet marketers.
Most of our people on the other side of the world only accepts paypal. You have to still rely on online payment service provider to pay. Some local information marketer cooked up ‘Black Hat’ plan to open & use paypal. They make a lot of money selling this guides when some of them don’t even have or use paypal. I know a friend that made N1.million in one week selling such guides. It was indeed a very serious issue.
When a member of our Tollgate Millionaires club shared the news few days ago that paypal will officially give nigerians and few other countries opportunity to open and use paypal I was a bit relief. Though paypal only allow sending of money for now.
Ways To make Most of Your New Paypal Account
Despite the fact that paypal only allow sending of cash for now, there are still few stuffs you can do as internet marketer.
Warrior forum WSo – Now you can take advantage of online courses and software being sold on warriorforum.com at discount. You can even pay for your own wso easily now. Receiving payment for your wso launch won’t be difficult. Since paypal did not allow you to accept payment for now you can use other services we wrote about in past. One of such service is 2checkout.com.
However, if you have relationship with other marketers or associates outside the country that can accept payment for you it will be another option. I’ve done same thing in past. In fact, a fellow warrior help me to receive payment for my first ebook and sent it to me through western union.
JVzoo & paydotcom.com – like warriorforum.com you can buy and sell stuff on jvzoo & paydotcom.com
Freelance.com – outsourcing your service online is one of the fastest way to get things done, save time and achieve great result. It is a way to play the BOSS game. You can outsource almost every aspect of online business.
You can outsource niche & keyword research, article writing, report writing, ebook creation, graphics creation, site design, software programs among others. Services like freelance and other virtual assistance management companies only accepts paypal. Now that you have paypal with which you can pay the problem is solved.
Fiverr.com – outsourcing on sites like freelance.com and employing virtual assistant on sites like onlinejobs.ph are good. It can be a bit expensive at times most especially when what you have is a small task. Sites like fiverr.com offer opportunity of buying such simple tasks for $5. Before paypal open the door to nigerians the only option available was paying through service provider.
Using online payment service to pay such amount is not always easy because the amount is too small. You can do it yourself now.
Ebay – paypal automatically open door for trading on ebay. You can now buy on ebay and sell else where.
Arbitrage opportunity – now that you have paypal with which you can buy without any extra cost (i mean service provider cost), you can get job locally and pay somebody five dollars to do it on fiverr.com. Sometimes in 2004 I read a post by a smart american internet marketer that got $85,500 job and paid a nigerian developer $500 to complete the job. I bet at the time the developer was happy to get the job. You can still do same today. Arbitrage is one of form of leverage we set up Tollgate Millionaires Club to tap into. You can read more about it if you click here.
Barter/Joint venture - another form of joint venture/leverage method you can top into now that you can easily pay online with paypal. You will find several ideas inside Tollgate Millionaires club but I will give you little insight here. Let’s say you are starting a complete new project. You can build list of subscribers that you can sell to either as affiliate or information marketer starting from zero point.
First you need to identify an expert with good number of followers or subscribers. Then you need asset with which you can start a relationship with the expert. After that, you have to dig for things that will interest them. You then pay somebody on fiverr or any of the freelance to provide that. There are several services on fiverr you can take control off and use as asset for JV/barter deal. You build relationship and benefit from law of reciprocity. I bet you need further education on this. It’s hot and easy way.
There are several other things you will be able to do now with your ability to pay using paypal.
How to open paypal account, add your visa or mastercard, verify your card and raise your limit.
Click on sign up button.
Ensure the country and region display is ‘Nigeria’.
Click on open an account under ‘individual’ account.
Fill the form.
On next page you will be required to add your visa/mastercard credit or debit card.
I use GTB visa debit card attached to my domiciliary account. I bet your bank also provide one too. Try that.
Login to your email box. Look for email from paypal requesting your to activate your new paypal account. Open it, read it and click on link to activate the account.
You can now login to your account.
Two important task once you login to your account.
1. You are required to verify your card so you can raise your limit. The verification process is simple. Simply click on the link. Before you do that ensure you have at least $2 on your card as they will charge $1.95 (they will return that later).
Once your card is charged. They will require you to copy 4 figures code that should reflect on your card account. You can find it when you login to your online account.
Login to your paypal account again, click on the link to verify your card with the code.
Your account is ready for transaction.
If you use ip changing software like hidemyass on your pc ensure you turn it off before using your paypal account. Login in using multiple geographical ip may leads to issues.
When completing the form ensure you use correct details.
Let us make the most use of the opportunity.
Hope clickbank.com will consider us soon too.