{"id":5047,"date":"2024-08-15T12:36:46","date_gmt":"2024-08-15T12:36:46","guid":{"rendered":"https:\/\/usenosh.com\/blog\/?p=5047"},"modified":"2025-03-26T16:18:15","modified_gmt":"2025-03-26T16:18:15","slug":"receive-international-payments-nigeria","status":"publish","type":"post","link":"https:\/\/usenosh.com\/blog\/receive-international-payments-nigeria","title":{"rendered":"How To Receive International Payments in Nigeria in 2025"},"content":{"rendered":"

Ever tried receiving money from abroad while living in Nigeria? Then you\u2019ll know how stressful the process is. This is because some payment platforms have restrictions with processing payments to and from Nigeria, high fees for international transactions, plus unstable exchange rates.\u00a0<\/span><\/p>\n

However, it\u2019s not all gloom because there are still some reliable methods for receiving foreign payments, which will be the focus of this article. So, stick with me till the end as I walk you through five reliable ways to receive international payments in Nigeria.<\/span><\/p>\n

Five Best Ways to Receive International Payments in Nigeria\u00a0<\/b><\/h2>\n

Here are the top five ways you can receive global payments in Nigeria in 2025:<\/span><\/p>\n

    \n
  1. Remittance services<\/span><\/li>\n
  2. Gift cards<\/span><\/li>\n
  3. Domiciliary account<\/span><\/li>\n
  4. Cryptocurrency\u00a0<\/span><\/li>\n
  5. Cross-border payment apps<\/span><\/li>\n<\/ol>\n

    Now, it\u2019s time to learn more about these methods.\u00a0<\/span><\/p>\n

    1. Remittance Services<\/b><\/h2>\n

    Remittance services like <\/span>MoneyGram<\/span><\/a>, <\/span>Western Union<\/span><\/a>, WorldRemit, and Remitly are popular for receiving money abroad, especially amongst the older population. They let people send funds from one location to another. To use these services, the sender goes to a MoneyGram or Western Union office or uses their online platform. Then, they provide the recipient\u2019s details and the amount to send.\u00a0<\/span><\/p>\n

    Typically, it takes 1-5 days for money to get to Nigeria via this method. The recipient can then collect the money in foreign currency or the naira equivalent from the partner bank. The process is straightforward, but there are fees attached.\u00a0<\/span><\/p>\n

    2. Gift Cards<\/b><\/h2>\n

    \"How<\/p>\n

    Gift cards<\/span><\/a> are another way you can receive international payments in Nigeria. Instead of receiving your funds in fiat currency, you get the equivalent in gift cards. The good thing about this method is that there are no transaction fees or wait time involved.\u00a0<\/span><\/p>\n

    The sender buys a gift card for a store or platform like Amazon or an open-loop gift card like a Visa gift card and sends the card details to you via email or text. You can then use the card to shop online or sell it for cash on Nosh. You can decide not to use or sell your card and keep it as a store of value. If the conversion rate of the gift card increases when you\u2019re ready to sell it, you gain some money.<\/span><\/p>\n

    To use this method, it is recommended to make sure the gift card is for a retailer or platform you can use. However, if it is not, you can always trade it on platforms like Nosh.\u00a0<\/span><\/p>\n

    3. Domiciliary Account<\/b><\/h2>\n

    A domiciliary account is a type of bank account in Nigeria that holds foreign currencies like Dollars, Euros, or Pounds. You must open a domiciliary account with your bank to use this method. Once you have your bank account details, share them with the sender. When they send money, it will go directly into your domiciliary account in that foreign currency.\u00a0<\/span><\/p>\n

    \"Access<\/p>\n

    To withdraw the money, you can do either of the following:<\/span><\/p>\n