NewStats: 3,264,047 , 8,182,409 topics. Date: Monday, 09 June 2025 at 12:22 PM 5n4562

Tried to make payment this morning, what i observed on my paypal while trying to process my payment is a standard international conversion rate of Naira to dollar Equivalent of my payment,after dividing the total Naira/Dollar i realized it is an equivalent of N322 per $1 as at this moment.This is unlike the usual method our Nigerian Banks are using to settle payment with international companies in USD(The banks buy FX from Central bank through Bidding ,Fix an Exchange rate on online card services which is currently N380 and above per $1 depending on the bank). What a Good way to go for online payment on card services.Nigerian Banks FX corruption on online card services eliminated.

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frankopit:
Tried to make payment this morning, what i observed on my paypal while trying to process my payment is a standard international conversion rate of Naira to dollar Equivalent of my payment,after dividing the total Naira/Dollar i realized it is an equivalent of N322 per $1 as at this moment.This is unlike the usual method our Nigerian Banks are using to settle payment with international companies in USD(The banks buy FX from Central bank through Bidding ,Fix an Exchange rate on online card services which is currently N380 and above per $1 depending on the bank). What a Good way to go for online payment on card services.Nigerian Banks FX corruption on online card services eliminated.

Even if this transaction goes successfully, GTBank will later settle/debit the transaction from your with the balance as they only advise you to pay in the currency of the merchant country, USD. Same thing happens on foreign ATM and POS as they want the higher exchange rate from you.

Your card issuer determines the rate. Watch out for the alert.

BUT that transaction didnt go through, i have been trying to make payments through paypal for a week now and its not working............i dont know what the problem is.

zamirikpo:
BUT that transaction didnt go through, i have been trying to make payments through paypal for a week now and its not working............i dont know what the problem is.

Try access bank visa card.

@op, this your information is not true because I did transaction last night via the same paypal and N389($1) was deducted from my card

frankopit:
Tried to make payment this morning, what i observed on my paypal while trying to process my payment is a standard international conversion rate of Naira to dollar Equivalent of my payment,after dividing the total Naira/Dollar i realized it is an equivalent of N322 per $1 as at this moment.This is unlike the usual method our Nigerian Banks are using to settle payment with international companies in USD(The banks buy FX from Central bank through Bidding ,Fix an Exchange rate on online card services which is currently N380 and above per $1 depending on the bank). What a Good way to go for online payment on card services.Nigerian Banks FX corruption on online card services eliminated.

Were you able to complete the transaction?, if yes,what's the bank you use?.

zamirikpo:
BUT that transaction didnt go through, i have been trying to make payments through paypal for a week now and its not working............i dont know what the problem is.

Go to your PayPal setting, click payment, click conversion option, change it from
1)Use PayPal's conversion process to complete my transaction using my card's currency to,
2)Bill me in the ccurrency listed on the seller's invoice.
You be allowed to pay and bank will determine the rate and not PayPal.

If you are having difficulties making payment with this method me i can checkout for you. on signature.

VikingsOO7:

Try access bank visa card.

Its no more working as at this morning.

Go to your PayPal setting, click payment, click conversion option, change it from
1)Use PayPal's conversion process to complete my transaction using my card's currency to,
2)Bill me in the ccurrency listed on the seller's invoice.
You be allowed to pay and bank will determine the rate and not PayPal.

my dear i have tried that too...........no show. am so frustrated about the whole situation, i have a diamondbank visa card and a skyebank master card and they both wouldnt work.


any clues guyz....i don tire.

Holla me for genuine PayPal funds. It's what we do. Check profile for confirmations.
Thanks all

Holy Moses


Windows XP

Zdoh:
If you are having difficulties making payment with this method me i can checkout for you. on signature.

Why must he you?,can't you post it here so that others will benefit?.

zamirikpo:



my dear i have tried that too...........no show. am so frustrated about the whole situation, i have a diamondbank visa card and a skyebank master card and they both wouldnt work.


any clues guyz....i don tire.

Mail PayPal then

Obynolee:



Why must he you?,can't you post it here so that others will benefit?.

And you think it everybody that knows or have time to handle some task?

Mail PayPal then

@obynolee, that was the first thing I did, they called and told me that the restriction is from my bank. I then called d banks.

Diamondbank said they have restricted online transaction with naira debit cards ,that I need a dollar debit card.

On the other hand skyebank doesn't had any clues as to why I wasnt able to use there master card.

This country sef.....now am trying to hussle peacefully,they won't allow me, when I vex now,they will say the youths are not hardworking.

What do I do .......

I have been trying to make payments for the past 4 days as well without any success. I don't understand this restriction. Please can anyone who knows what is happening give us an explanation.

@OMOLAKESI....pls which bank do u use....

are we able to receive payment into Nigerian's paypal ? until then not much fancy. Advise paypal to allow us receive payment also into paypal .

zamirikpo:
@OMOLAKESI....pls which bank do u use....

I use firstbank and stanbic ibtc.

Both can't effect payment.

i get an error message.

arbitrage:


Even if this transaction goes successfully, GTBank will later settle/debit the transaction from your with the balance as they only advise you to pay in the currency of the merchant country, USD. Same thing happens on foreign ATM and POS as they want the higher exchange rate from you.

We need paypal fund, how much are u selling today? If your rate/service is good, we will be buying often from u

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