Get Foreign Bank Accounts As A Nigerian Freelancer

In 2020, the lockdowns which were a result of the COVID-19 pandemic reinvigorated the GIG ECONOMY. Even after the lockdowns were lifted, regular employees started requesting and negotiating “Work From Home” arrangements. More and more young Nigerians have embraced remote work and freelancing now more than ever.

But the problem of getting paid by international clients has long plagued the Gig Economy

The need for efficient payment solutions has never been more critical for African digital professionals, especially those in Nigeria.

As a freelancer myself, I am always on a quest for tools and payment solutions to help me level the third-world fences that make doing business globally difficult for the average Nigerian.

In my quest, one of the tools I found and got absolutely hooked on was GeegPay by Reanest

They describe themselves as providers of “GLOBAL BANKING FOR AFRICA’S PROFESSIONALS”

 

True to their claim, they have been my platform of choice when it comes to a host of financial services I need as a Digital Nomad.

In the past year and a half now, I have personally processed a vast majority of my Fx transactions through Geegpay 

Of course there are a number of Companies that provide similar services as Geegpay, Companies such as Grey.co, PayDay, SendCash, WirePay, etc, but in my experience and opinion, Geegpay has the best service of the bunch, hence why I use them the most

 

Learn how to create a Geegpay Account Step-by-Step in the video below

Here are the services they provide:

1. Access to USD, GBP and EURO bank accounts (Neo Banking)
   How cool is it to have foreign accounts in your name? I can’t tell you how many times my US clients have been impressed by the fact that I have an account in their country instead of the usual Western Union and Moneygram which can prove to be super inconvenient for everyone involved
2. Invoicing System to easily receive direct transfers from international clients
   Geegpay makes cross-border transactions hassle-free with its simple yet powerful invoicing System, eliminating the need for complex international wire transfers and reducing associated fees. This, in turn, increases the ease of doing business with international clients.
3. Virtual Master and Visa Card that is accepted almost everywhere on the internet
   The virtual cards you get from Geegpay are some of the best dollar-denominated cards I’ve used in a long time, to facilitate payments on websites that won’t accept your regular Nigerian cards, you will find these virtual cards really useful
4. Foreign Bank accounts that support seamless withdrawal from platforms like Payoneer, Wise, Upwork, etc.
   Recognizing that many freelancers operate on popular freelance platforms like Upwork and Fiverr, Geegpay offers integration with these platforms. This makes it a seamless experience to withdraw earnings from these platforms directly into your Geegpay account.
5. USD, GBP, and EURO withdrawal to my local bank account at the best rates
   If you are a Nigerian freelancer, I’m sure you are familiar with the conundrum of Bank vs Parallel market exchange rates. Geegpay updates its exchange rates, regularly marching the parallel market to give you the best value for your money
6. Competitive Transaction Fees
   Traditional payment gateways and banks often levy high transaction fees. Geegpay offers competitive fees, ensuring that freelancers can retain a more substantial portion of their earnings. This affordability makes it an attractive choice for professionals looking to maximize their income.

Africa, and Nigeria in particular, has witnessed a boom in the freelance and digital professional sector. With skills ranging from web development to content creation and graphic design, African freelancers are in high demand globally. But the persistent challenge has been the complexity of cross-border payments and the fees associated with traditional banking systems.

Geegpay.Africa emerged as a valuable payment tool, simplifying the way payments are sent and received. This innovative platform is not just streamlining financial transactions; it’s empowering digital experts to thrive in the ever-expanding online marketplace.

If you’re an African freelancer, Geegpay.Africa is a tool you don’t want to miss out on.