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How to Use a Nigerian Bank Account for Dropshipping Payments in 2025

Payments Methods visa Nigerian bank

Dropshipping is one of the easiest online businesses to start in 2025, but getting paid remains one of the most common challenges for Nigerian entrepreneurs. If you’ve asked yourself, “Can I receive dropshipping payments directly into my Nigerian bank account?” — this guide is for you.

🌍 The Global Payment Challenge for Nigerian Dropshippers

Most payment gateways like Stripe, Shopify Payments, or even PayPal have restrictions for users in Nigeria. But don't worry — there are 100% legal and working alternatives that allow you to get paid and withdraw into your Nigerian bank account.

✅ How to Receive Dropshipping Payments in Nigeria

  1. Use a Global Payment Gateway (like Payoneer)
  2. Create a PayPal Business Account (Legal Workaround)
  3. Use Flutterwave or Paystack (For Local Sales)
  4. Open a Domiciliary Account for USD payments
  5. Link Payoneer or Wise to Your Store (for Shopify or WooCommerce)

💳 Top Tools That Work in Nigeria

  • Payoneer: Free to create, offers virtual USD, GBP, EUR accounts
  • Flutterwave: Accept local and international payments
  • Wise (formerly TransferWise): Great for bank-to-bank transfers
  • Domiciliary Accounts: Use with your Nigerian bank like GTBank, Zenith, UBA, etc.

📌 Example Setup: Shopify Store with Payoneer

1. Create a Payoneer account
2. Link your Payoneer USD bank to Shopify or PayPal Business
3. Withdraw from Payoneer to your Nigerian bank account (within 24 hours)

💼 Can You Use a Nigerian Bank Directly?

Not directly for global dropshipping stores unless you use a platform that supports local payment methods. Most stores like Shopify, BigCommerce, and WooCommerce require international gateways. You can, however, receive payouts via intermediaries like Payoneer and Wise into your Nigerian bank account.

💬 30 Frequently Asked Questions (FAQ)

  1. Can I use a Nigerian bank account on Shopify?
    Not directly, but you can use Payoneer or Wise to bridge to your local account.
  2. Does PayPal work in Nigeria for dropshipping?
    You can open a PayPal Business account using UAE or Lesotho workaround.
  3. Is Payoneer legal in Nigeria?
    Yes, and it’s trusted by many freelancers and online businesses.
  4. Can I link Payoneer to Shopify?
    Yes, you can use it as your payout method with certain gateways.
  5. Can I withdraw from Payoneer to GTBank?
    Yes, and other Nigerian banks like Zenith, First Bank, etc.
  6. Is Stripe available in Nigeria?
    No. But you can open Stripe using LLC in the US or UK.
  7. What is the best payment method for Nigerian dropshippers?
    Payoneer or Wise.
  8. Can I sell to Nigerian customers too?
    Yes, use Paystack or Flutterwave for local payments.
  9. Does Shopify accept Payoneer?
    Shopify Payments doesn’t, but third-party gateways like PayPal do.
  10. Can I use Wise with WooCommerce?
    Yes, with manual bank transfer or via Stripe Atlas.
  11. How fast is Payoneer withdrawal to Nigeria?
    1–2 business days on average.
  12. Can I receive USD into my Nigerian account?
    Yes, via a domiciliary account or Payoneer.
  13. Is there a fee to withdraw from Payoneer?
    Yes, a small percentage plus conversion rate applies.
  14. Can I use Naira accounts for global dropshipping?
    No. You need USD or GBP via third-party gateways.
  15. Does Flutterwave integrate with Shopify?
    Yes, through apps or APIs.
  16. How do I get a domiciliary account?
    Visit your bank with ID, BVN, and utility bill.
  17. Is there a monthly fee for Payoneer?
    No, only when you use it.
  18. Can I open Stripe via a US LLC?
    Yes, and link it to Payoneer or Wise.
  19. Is PayPal reliable for receiving dropshipping payments?
    Yes, but ensure you comply with account limits and countries.
  20. How much does Payoneer charge per withdrawal?
    Around $1.50–$2.50 + exchange markup.
  21. Can I withdraw from Payoneer to UBA?
    Yes, all major Nigerian banks are supported.
  22. How do I avoid PayPal restrictions in Nigeria?
    Use a business account from supported countries.
  23. Can I dropship from Nigeria without any gateway?
    Only if you sell to Nigerians using Paystack or bank transfer.
  24. What is the safest method to receive international payments?
    Payoneer and Wise.
  25. Is it legal to use UAE PayPal as a Nigerian?
    Yes, if registered properly.
  26. Do I need a VPN to use Payoneer?
    No. It supports Nigeria officially.
  27. Can I use Flutterwave for international payments?
    Yes, depending on the product and country.
  28. How do I get started with Payoneer?
    Sign up at Payoneer.com and verify your details.
  29. Can I dropship with AliExpress and still get paid in Naira?
    Yes, through a local bank linked to Payoneer.
  30. Is it better to register a business name in Nigeria or US?
    For dropshipping, a US LLC gives you more payment flexibility.

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Posted by Noorwise Team

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