How to transfer your money from PayPal to Nigeria

If you’ve ever used PayPal as a Nigerian, you have probably encountered challenge with moving funds from PayPal to your Nigerian bank account. You can now do this easily with a Cenoa US Bank account.

In this quick guide, we will walk you through transferring funds from your PayPal account to your Cenoa US account while enjoying low transaction costs and speedy transfer.

Start Transactions from your PayPal Account

• Log in to your PayPal account.
• On the “Balance” page, click on “Transfer from your balance”.Select “Transfer to bank”.
• Add a new bank account by clicking “Link a new bank account”.

Get US Bank Account Information from Cenoa

• Open the Cenoa app and click on “Receive Payment” from the main page.
• View US bank account information and make a note to enter this information into PayPal:
  • Routing Number
  • Account Number

Add Cenoa Bank Details to PayPal Account

• Search for and select “Lead Bank” on the new bank addition screen.
• Proceed with the “Link your bank another way” option and start adding your bank account manually.
• After marking the account type as “Checking”, go to your Cenoa app for “Routing and Account Number” information.

Start Verifying Your Account on PayPal

• Proceed with “continue with 2 small deposits” to verify the bank account you added to PayPal. PayPal will make two small transfers to your Cenoa US bank account.
• These transfers will arrive in the Cenoa US bank account in an average of 1-3 business days.

Check Verification Transfers from Cenoa

• Log in to the Cenoa app and go to the “Transactions” page.
• On the transactions page for your US bank account, you will see two small transfers from PayPal. Make a note of these amounts for verification.

Finish Verifying Your Account and Make the Transfer

• Complete the verification process by entering the transfer amounts in order on the PayPal screen.
• Once the verification is complete, you can give the bank account a name using the “give it a nickname” option and set it as the main account for transfers using the “set as preferred” option.
• From within PayPal, go back into the money transfer flow and select the Cenoa US bank account on the transfer to bank account screen to send your PayPal balance to the Cenoa US bank account.

Once the transfer is complete, your funds will arrive in your Cenoa account within 1-3 business days. From this point on, you can convert it to Naira at the most advantageous rates and withdraw it instantly, or you can continue to save in dollars in your Cenoa account.

If you need any support, you can contact us via our support line 02019125177 or via email support@cenoa.com.