Now this depends on the following:
1) What kind of business you are doing?
a. Are you selling your own product or service or
b. Are you an affiliate selling someone else’s product or Service for a commission, or
c. Are you engaged in internet business like Forex or Google Adsense.
2) Who is your target audience?
a. Are they in Nigeria or
b. Outside Nigeria
So I would try to answer each with its own unique scenario
1) You Are Selling Your Own Product Or Service To Nigerians or your own local market –Manual Bank Deposits.
If this is the case, you can place your bank account number on your website and ask people to go to the nearest branch of your bank to make payments. Some people are afraid of placing their bank account details on their websites, well I assure you its perfectly safe, but if you are uncomfortable displaying your bank account on the internet, you can send an email, containing your bank account details, to the potential customer only after you know certain he or she is serious.
2) You Are Selling Product Or Service And Want To Receive Payment From Nigerians – Web payments using Nigerian InterSwitch ATM cards of MasterCard or VisaCard
The internet is supposed to make shopping very convenient. It is a cumbersome process for one to go to a website, note the bank account details for payment and drive down to the bank to make such payments, when instead you can just make payments for your goods and services directly on the website using your credit or debit cards like MasterCard or VisaCard. This has become the accepted norm all over the world. Here I will be given you to the 2 ways you can make receive money on the Internet.
a. Nigerian InterSwitch ATM cards
Some banks use the Interswitch ATM cards, you can receive payments for goods and services from people who have their Interswitch ATM cards. To do that you need to:
i. To get a merchant account to receive payment from Inter-switch costs N150,000 at the time of writing this or
ii. If you cannot afford the N150,000 use an intermediary website like FasteCash click here to sign up. They would help you in obtain Inter-switch ATM for you, from your website for a commission. All you have to do is sign for the classic account. Click here to do so. One you sign up you would be given a code to place on your website for this.
b. Nigerian MasterCard or VisaCards provided by some banks
A lot of banks these days have switch from Interswitch ATM cards to the world wide accepted MasterCard of VisaCard debit cards. These cards, which can also be used on any ATM machines around the world can also be used to shop on any website that accepts Nigeria. For you to receive payments from people who have Mastecard and Visacards in Nigeria, you would need to have a merchant account, which is expensive or sign up to 3rd creditcard processors like www.2checkout.com or www.plimus.com . These 2 websites help in the same way that Fastecash assists with Interswitch cards. You sign up with them an account is given to you, and you are given a code to place on your website and you can start receiving payments.
3) You are selling Products or Service and You want to Target the International Market:
If you are targeting the international market, you must receive payments from the 3 most popular methods, MasterCard, VisaCard or Paypal.
MasterCard or VisaCards
As we stated earlier on if you want to receive credit or debit card payments from MasterCards, VisaCards , you would need a merchant account , but since this is too expensive, then you sould sign up with 3rd credit card processors like www.2checkout.com or www.plimus.com. Once you sign up with them you are given an account and you can receive payments from people who pay with MasterCard, VisaCard including Paypal Other Payment processors you can use are AlertPay.com and Plimus.com. You can now send the money from your account to your bank account, or through check.
PayPal does not accept Nigeria for reasons best known to them. However if you have a foreign bank account and address where Paypal operates in, you could have a PayPal account then, but supposing you don’t have any of that, then do any of the following :
1. Sign up with www.2checkout.com, with your account with 2checkout.com; you can also receive PayPal payments directly from your website.
2. Perhaps you want your own Paypal account to receive payments for your Affiliate business in Nigeria. You can sign up with FasteCash , Click here to sign up and upgrade to their Classic account whereby you can use their own Paypal account to receive Paypal payments
3. If you want to have your own Paypal account, with your own USA bank account or UK bank account then call me on 08035019886 or send an email to admin[at]internetbusinessacademy.com.ng with the subject line “My Own Paypal account” . I would then help you to open your own Paypal account.
4) You are engaged in affiliate marketing as a business.
If you are engaged in affiliate marketing internet business, you would notice that some Affiliate Program Providers (APP) do not offer Nigeria amongst the list of countries they would love to do business with. (Just in case you don’t know what Affiliate Program Provider (APP) is Click here to read on Affiliate Business) One of such APP is Clickbank. Clickbank is one of the most popular APPs on the internet , yet they do not permit Nigerians to sign up as an affiliate to promote other people’s products, not only that, you cannot use MasterCard or your VisaCard you obtained from your Nigerian bank to make any purchase on their site.
To cut through this problem, you would need a U.S address which you can use to sign up for affiliate programmes and a US address which you can use to obtain a Virtual Visa card. The websites below would enable you obtain a US address, US phone number and a US virtual visa debit card for online purchases
Please sign up immediately with the 2 websites; it wouldn’t take you more than 5 minutes:
The first website allows you to fund the second website. It’s through the second website you get to obtain your Own US address, US phone number and US Virtual Visa Credit card.
The 2 websites work together. The first website VTN allows you to fund the second website Graphcard and it’s through Graphcard you can get your own USA address, USA phone number and USA Virtual Visa Credit card.
5) You are engaged in other services like Google Adsense and Forex
If you are engaged in Google Adsense, you would be able to collect your money through your domiciliary account you opened with your Nigerian bank
If you are engaged in Forex, you can also do the same as well as using Liberty Reserve
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