Making payments online for any kind of transaction is becoming
increasingly popular.
Payments for goods purchased either from eBay, Amazon, Aliexpress
etc or for services rendered like paying for your web hosting usually require
e-payments (Paypal or using debit cards: Visa, mastercards etc)
The restrictions of Paypal in Nigeria is well documented, opening
and funding a domiciliary account is super inconvenient and expensive, Western
Union is another story, what then is the alternative for those intending to
start a small business, those that simply want to buy a $200 item on aliexpress
or pay for an international service rendered on the internet?
Our banks have put so much restrictions on using the naira debit
card internationally, whether it is their fault or not is a discussion for
another day. Some do not allow spending internationally at all, some have
killer rates that you wouldn't even dare....
Two banks, GT bank and Access bank, to some extent, have provided
an escape route for light spenders.
*GT Bank charges N320/dollar presently using their naira
mastercard with a monthly limit of $100
*Access Bank N325/dollar presently using their naira Visa card
with $200 monthly limit.
Wether these conditions will change positively or negatively soon,
only time will tell. What do you think, do you know a better way of making
international e-payments, how much does your bank charge you for these
transactions? Let us know in your comments below.
No comments:
Post a Comment