10 January 2020

The cheapest way to send money to Nigeria

A recent World Bank report found that an astonishing $22 Billion worth of money transfer payments flowed into Africa’s most populous country during 2017. And that number continues to grow as overseas workers send increasing sums of money home. But despite this flow of activity there’s a clear and obvious lack of simple, affordable services that offer transparent rates and speedy transfers.


So what’s the solution? Meet Paysend…


Paysend takes the hassle out of sending money to Nigeria. We know what it feels like to be waiting in a queue at a bank or exchange bureau, over-paying for rip-off rates and painfully slow transfers. Even if you manage to find a commission-free transfer service, you can be certain that you’ll be losing out on the exchange rate. Paysend is here to change that. We offer the mid-market exchange rate so you’ll get the best possible return on your transfer. Fed-up of unfair fees? Paysend lets you send money to over 70 countries (including Nigeria) for a simple, flat fee of just £1, $2 or €1.5. You’ll be able to send money to any bank account or card, anywhere in Nigeria, with a few simple swipes.


How can I transfer money to a bank account in Nigeria?


The first thing you’ll need to do is set up a Paysend account, online or via our app, which you can download from the App Store or Google Play. Once you’ve done that you can set up a transfer by selecting Nigeria as the destination, adding your recipient’s bank details, and hitting send. It’s as simple as that.


How long do international bank transfers to Nigeria take?


Don’t worry, we won’t leave you hanging. Paysend aims to send your money to Nigeria on the same day. The speed of transfers can depend on the payment method, routine checks and the receiving bank. However, we’ll do everything we can to speed the process along and we’ll keep you updated about any possible hold-ups. With Paysend your money will arrive faster than you can google your bank’s opening hours.


Is it secure to send money to Nigeria with Paysend?


Paysend will ensure that your money is kept safe. We constantly monitor transaction data and use cutting-edge payment processing tech to prevent fraud across the payment chain. We’re constantly working to refine our processes and have the same level of security as a high street bank. If you use Paysend to send your money to Nigeria, you can be sure that your money’s being kept safe. If you’d like to find out more about our security processes read our blog post here. Any questions? Get in touch with our 24/7 customer support team here.

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