Best PayPal Exchanger and Why Most Exchangers Stopped
It's true that whatever online business Nigerians or Indians flood into always crash. These two countries have something in common and it's "let's spoil it for everyone" mentality.
Some months ago, exchangers were making money helping people withdraw with PayPal via a certain Nigerian bank with a good conversion rate, but now, it's no longer working and it's hard for them to withdraw money to their Nigerian accounts.
For them to come back to business, they need to pass through 2 to 3 foreign middle men before they can get their money into their Nigerian accounts.
These middle men are businesses and they have reduced their exchange or conversion rate.
PayPal will take its share, as the first middle man. Another company will take it's share as the second middle man, and finally, the Nigerian exchanger will take his little share for his service, time, and MB.
This is to say, if you send some $500 these two middle men will take around $45 and you'll be left with $455 or even $450 to convert and sent to your local account.
Exchange business is no longer profitable, so a lot of exchangers have stopped. Exchangers are losing, clients are losing, but PayPal and the second foreign middle man are gaining.
Are we to blame PayPal? No. Who are we to blame? We are to blame ourselves and the unbothered government we have.
If you're a Nigeria and you make $50 online, don't be excited yet, see it as $40 or even $35 because the corruption in your country has eaten the rest.
Corruption has a price and those who make legit money online or those who travel abroad are the ones paying the price because they don't get treated equally as people from functional nations.
Don't blame exchangers for having lower exchange rate, they are not even making any tangible gain with that low rate, but blame your leaders for keeping the nation permanently corrupt — which is to their benefits.
Anyway, I'll help you withdraw your PayPal fund as long as it's clean. It takes us 1 hour to 24 hours to send you your money. It's not our fault, because PayPal loves taking 24 hours to do some verification nowadays when it comes to withdrawal.
If we notice you're the impatience type, we'll instantly refund you your money and never work with you again. We are helping you, not scamming you, so learn to be patient or look for another exchanger.
Our rates are
Dollar to Naira
0 to 49 = 305
50 to 99 = 310
100 - 199 = 315
200 - 299 = 320
300 - 399 = 325
400 - 499 = 330
500 - 999 = 335
1000 and above = 340
Warning: If your source of income is not clear to us, we will not work with you because we don't want to receive any fraudulent money and get our accounts terminated.
Also, we noticed those withdrawing small amount of money <$100 are the most impatient ones, they want their money instantly — thinking PayPal withdrawal in Nigeria is as easy as it used to be when Africard was working. So, if you're the impatient type, don't bother contacting us — we don't want trouble.
Remember: There are two middle men (PayPal and T) and these people take their small cuts and after that, we'll now calculate what is left with the exchange rate above.
Exchange your PayPal fund with iLegend Exchange and have peace of mind. Alternatively, if you hate money and love losing it, you can exchange with scammers around and watch them vanish with your money.
This is not to call other exchangers scammers, but there are scammers hovering around and there are also other legit exchangers around.
Do your research and pick the right one, not the one that'll make you shed tear after all the hard work you did to get that hard currency called Pounds and Dollars.
All the best as we await handling your PayPal withdrawal as we've always been doing.
Disclaimer: Our exchange rate is subject to change, but at the moment, it is as it is and it's the best you can find.
Written by iLegend. 1 Like 2 Shares |
