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Virtual Paypal Account For Nigerians & All - Computers - Nairaland

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Virtual Paypal Account For Nigerians & All by mukulu56(m): 1:49am On Dec 27, 2017
Virtual Paypal Terminal has been founded by Vincent Obieze, a seasoned entrepreneur who is experienced in the payment industry such as payment processing, digital (but not yet decentralized!) currencies, and premium network terminal system (VPN/PROXY+).

In 2017, he launched the first "Paypal Fintech" service in the world, Nigeria, to enable Nigerians and other unbanked populations to receive their PayPal funds in a quick and easy way shortly after the closure of Gatewayvpn in 2014, he discovered the world of Paypal and realized how inconvenient the existing methods were.
Adeoye Joe is a serial entrepreneur. Respected member of the Virtual PayPal community with notable contributions such as Development, he co-founded Virtual Paypal Terminal.

Nigeria is the largest economy in Africa with millions of dollars in e-commerce potential and Nigerians that want to take part in online transactions cannot fully use PayPal which is accepted as the only payment method on some websites.
This has become a source of frustration for the Legit people who want to carry out eCommerce online but have no access to this feature. It's bad that every time we look at PayPal pages, we see some countries that don't have much economic prowess on the list. Its so frustrating that some have defaulted to hood-winking the paypal system via proxies, we dont want to anymore and this was why Virtual Paypal terminal was founded.
It enables millions of internet marketers and professionals from more than 200 countries not supported by PayPal to receive payments, to grow globally by facilitating seamless, cross-border payments which they can withdraw to their bank or to bitcoin.
Millions of Nigerians apply to a job online that would allow them earn a full-time income(about 1000 dollars a month).
After a rigorous screening process,they discover that the company only processes payment using Paypal.
We believe that we have the right to carry out online transactions as much as any other country in the world. Granted, Nigeria is known for internet fraud, but NOT everyone in Nigeria is a fraud. There are people who uses our platform who are talented and creative web users and tech gurus. We don't see why such should have to suffer for other peoples actions.

Nigerians wouldn't even mind having to verify identity manually via International passports or something. These are possible scenarios that are better than locking a country out totally.
Today,we have decided to create that scenario.
Imagine spending countless hours building a product to sell in a marketplace only to find that they make their payments exclusively via paypal? This is the situation for countless Nigerians who are motivated and looking to make money online and who insist on doing so with integrity.
Nigeria is a country filled with a lot of poor people (by global standards) with very limited opportunities hence the need to seek opportunities to make a living online.
A job that pays 1000 dollars a month is enough to make one a happy Nigerian and this sort of job is not exactly easy to find in the country.
The internet presents willing Nigerians with opportunity. The opportunity to earn their living legitimately online. However Paypal - the 'industry standard' for online payments makes this opportunity inaccessible to Nigerians in most cases. Making mass payouts is a relatively easy task when done using Paypal's business platform. Hence most internet businesses ( even those that welcome a global workforce) choose to make payments to their workers via Paypal. Nigerians, who qualify to be a part of the workforce for some internet companies are however not able to receive payments simply because we can't receive payments with Nigerian Paypal accounts.
We understand that Nigeria doesn't have the best reputation when it comes to scams and internet fraud. However, a lot has changed in the country over the years and internet fraud is no longer popular among the Nigerians who carry out numerous transactions online.
Thankfully, Nigerians can use their paypal accounts to purchase items from so many websites (even websites that don't process Nigerian credit cards). However, the problem remains that, for some reason(s), Nigerians can't receive payments via Paypal.
It's not news that at the moment, Nigeria is a third-world country. Most Nigerians don't earn in a year what the average citizen of a developed country can make in a month. There just aren't many good jobs in Nigeria and the lack of basic infrastructure makes it very difficult and expensive for foreign investors to invest. Unemployment rates are high and it's harder than ever to maintain a decent living standard. The internet presents hope for a lot of people facing almost similar and in many cases better conditions in their countries.
The internet presents an opportunity for everyone to be a part of a global community where you can earn money legitimately provided you're qualified and able to work. This hope is blurred for most Nigerians because we currently can't receive money via the most popular payment platform.
Virtual PayPal Terminal was founded to check mate all these problem and to give anyone the ability to receive PayPal payments, regardless of their location or credit-worthiness.

2 Likes

Re: Virtual Paypal Account For Nigerians & All by linksman(m): 1:36pm On Dec 28, 2017
Nice concept. Thanks for taking the time to proffer solutions to one the long time problems facing legit online business people in Nigeria.
cheers
Re: Virtual Paypal Account For Nigerians & All by mukulu56(m): 11:47pm On Jan 06, 2018
linksman:
Nice concept. Thanks for taking the time to proffer solutions to one the long time problems facing legit online business people in Nigeria.
cheers


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