Sometimes, as a freelancer, it can b stressful getting gigs from foreign clients. Yes, the fact that you’ll be receiving your payments in dollars may make it more challenging. If you’re in those shoes right now, then you’ve come to the right page. In this article, you will be reading about top recommended ways to receive dollars in Nigeria. You’ll not miss reading this article.
Apps That Allow You Receive Dollars In Nigeria
Here are apps that allow you to receive dollars in Nigeria:
Flutterwave
One of Flutterwaves strength is helping users to receive dollars from other countries. The platform stands out due to its versatility and the ability for it to he integrated with other payment platforms.
How To Use Flutterwave To Receive Dollars
The following is a step-by-step guide on how to receive dollars using Flutterwave:
Step 1. Signup On Flutterwave
Step 2. Generate Your Customized Link To Receive Foreign Payments.
Step 3. Receive Dollars From Your Sender.
Benefits Of Using Flutterwave To Receive Dollars
Here are benefits of using Flutterwave to receive dollars payments:
1. Flexibility:
Flutterwave supports the use of multiple payment methods such as card payments and bank transfer.
2. Ease Of Use:
It is easy to use. With its user-friendly interface, even a novice can easily get the jeck of using it.
3. Wide Acceptance:
It is globally recognized all over the world. It has been adopted by various businesses and individuals as a reliable means of receiving money.
Using A Domiciliary Bank Account
A domiciliary account is a local bank account created to receive foreign currencies such as dollars. Almost every bank in Nigeria has a domiciliary account feature. It is the most common means of accepting payments in dollars.
How To Use Domiciliary Bank Account To Receive Dollars
Here is a step-by-step guide in how to use a domiciliary account to receive dollars payments:
Step 1. Create A Domiciliary Bank Account With Any Bank Of Your Choice
Step 2. Submit The Required Documents Needed To Open A Domiciliary Bank Account As Requested By Your Bank
Step 3. Receive Dollars
Benefits Of Using A Domiciliary Bank Account To Receive Dollars
The following are the benefits you enjoy using a domiciliary account to receive dollars:
1. Direct Deposits Of Your Funds:
The dollars you receive is directly deposited into your bank account without the need for extra conversion of your funds.
2. Exchange Rate Control:
A domiciliary account allows you to freely withdraw your funds at a time when the exchange rate is favorable to you.
3. It Is A Recognized Means Of Receiving Funds:
A domiciliary account is globally recognized to receive payments both locally and internationally.
Wise
Wise is a known app used to receive dollars in Nigeria. It stands out for its transparency and low fees. With Wise, you get real-time exchange rates and as such, it is beneficial to you.
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How To Use Wise To Receive Dollars
To receive dollars using Wise, follow these steps:
Step 1. Create an Account With Wise App.
Step 2. Provide Your Bank Account Details.
Step 3. Receive Your Dollars.
Benefits Of Using The Wise App To Receive Dollars
Here are some benefit you derive when you use Wise App in receiving dollars:
1. Transparent Fees:
Using Wise, you get no hidden charges when you receive dollars. There’s always a breakdown of any deductions that has been made once you receive money.
2. Real-Time Exchange Rates:
The real-time exchange rates features that Wise uses helps it to be reliable and helps users monitor the situation of the market before making a trade.
3. Ease Of Use:
Wise is easy to use. This is what makes it stand out over other exchange platforms.
Conclusion
There you have it! You’ve seen the various means to receive dollars in Nigeria. With just your smartphone, you can receive money from your foreign clients conveniently.