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GT Bank Naira Master Card No Longer Works On International Trade Websites - Business (2) - Nairaland 2d174z

GT Bank Naira Master Card No Longer Works On International Trade Websites (20250 Views)

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belcom10(m): 2:00pm On Aug 04, 2020
dmostcheerful:

Is it a Nigerian PayPal?

Yes
routik(m): 2:12pm On Aug 04, 2020
AT what rate per dollar do they charge?

udwise123:
Alat by wema MasterCard is working perfectly for all online transaction.
udwise123: 3:01pm On Aug 04, 2020
routik:
AT what rate per dollar do they charge?

388.66
bubykay01: 4:44pm On Aug 04, 2020
udwise123:
388.66

Do they have monthly limit and how much?
udwise123: 5:03pm On Aug 04, 2020
bubykay01:


Do they have monthly limit and how much?
No monthly limit.
But I will chat them up now on Twitter to confirm.
I just bought BTC worth $1300 @388.66 for someone using my Alat card.

1 Like

dmostcheerful(f): 5:52pm On Aug 04, 2020
udwise123:
No monthly limit.
But I will chat them up now on Twitter to confirm.
I just bought BTC worth $1300 @388.66 for someone using my Alat card.
Please ask them ooo.
I need to check with them too
udwise123: 6:15pm On Aug 04, 2020
dmostcheerful:

Please ask them ooo.
I need to check with them too
okay

1 Like

Dwightventures(m): 9:30pm On Aug 04, 2020
belcom10:
Guys pls help, how do I fund my PayPal . I already link my zenith master card . Can I transfer fund from my bank directly to my PayPal ?.

You don't need to do anything na. once you've chosen your MasterCard on paypal as your preferred payment method, once you have to pay for something, just choose the paypal option and paypal will automatically debit your Zenith MasterCard
Dwightventures(m): 9:40pm On Aug 04, 2020
The paypal freeze was a security freeze to work on their systems, much like how our banks would send messages that they would not be available from so so time to so so time. The paypal mumus did it after disrupting services for a whole week plus. They now require your phone for OTP that you'll enter to get into your . Seems some card works and some don't. I don't think first bank MasterCard works as yet, but I'm still checking. God, I suffered the last one week
routik(m): 5:11am On Aug 05, 2020
udwise123:
No monthly limit.
But I will chat them up now on Twitter to confirm.
I just bought BTC worth $1300 @388.66 for someone using my Alat card.

I ed them after I read your comment and the attached screen shot is our conversation. All these is only pointing out that there is a new banking policy in place. Access Bank told me that their Naira Master/Visa Card is working but their new limit is now $1000 per month instead of $3000 and their exchange rate is $345 which is high comparing it to GT Bank & Zenith Bank exchange rate. Maybe before the end of this month, Nigerians will begin to understand & feel what is happening as regards to making payments on international websites with our debit cards.

bubykay01: 7:15am On Aug 05, 2020
routik:
ed them after I read your comment and the attached screen shot is our conversation. All payments on international websites with our debit cards.
Thank you bro. I think out of greediness, these banks prefer selling to abokis and they want us to go patronize them. Very heartless set of people.
Ayemileto(m): 7:37am On Aug 05, 2020
routik:
Hi Nairalander's,

I observed something recently while trying to use my GT Bank Naira Master Card on Aliexpress. Three days ago, I tried to help my younger sister make payment (of $156.79 USD) for her order on Aliexpress. But to my amazement, the payment wasn't successful. I ed GT Bank customer service and was informed that their Naira Master Card has been restricted not to work on Trade websites like Aliexpress, Alibaba, Ebay, Amazon, etc.
I also reached out to a friend who knows about the recent development and he told me that some people were taking advantage of the GT Bank's online exchange rate of N390 to $1USD to enrich themselves.

Please anyone that has made payment on any International Trade Websites (within this week) using his or her Naira Master/Visa Card should kindly share his/her experience.

Below is also an email I received from Fluterwave on their Barter Virtual Dollar Card Service Interruption on the 29th on July 2020. This is a sign that there is going to be some international transactions restriction on all Nigerian Bank Cards.


Actually, there's a $100 per day limit for dollar transactions on a Naira MasterCard.

It's CBN policy.
udwise123: 8:12am On Aug 05, 2020
routik:


I ed them after I read your comment and the attached screen shot is our conversation. All these is only pointing out that there is a new banking policy in place. Access Bank told me that their Naira Master/Visa Card is working but their new limit is now $1000 per month instead of $3000 and their exchange rate is $345 which is high comparing it to GT Bank & Zenith Bank exchange rate. Maybe before the end of this month, Nigerians will begin to understand & feel what is happening as regards to making payments on international websites with our debit cards.
This was my conversation with them.
Note: I brought btc worth $1300 with my Alat MasterCard yesterday.

jerlady(f): 9:47am On Aug 05, 2020
udwise123:
This was my conversation with them.
Note: I brought btc worth $1300 with my Alat MasterCard yesterday.

For naira card?
routik(m): 10:06am On Aug 05, 2020
Okay. I am just hearing that now. What Customer Care told me when I inquired from them is that for now they have restricted there cards on International Trade Websites.

Ayemileto:



Actually, there's a $100 per day limit for dollar transactions on a Naira MasterCard.

It's CBN policy.


This means that those that already have the virtual dollar don't have issues. Applying for new cards is currently not available. So enjoy.
This was my conversation with them.
Note: I brought btc worth $1300 with my Alat MasterCard yesterday.
udwise123: 10:09am On Aug 05, 2020
jerlady:


For naira card?
yes sir
udwise123: 10:11am On Aug 05, 2020
routik:
Okay. I am just hearing that now. What Customer Care told me when I inquired from them is that for now they have restricted there cards on International Trade Websites.




This means that those that already have the virtual dollar don't have issues. Applying for new cards is currently not available. So enjoy.
I don't use or have a virtual dollar card .
Just the normal MasterCard
6Milk(m): 10:47am On Aug 05, 2020
When did this state
dmostcheerful(f): 12:03pm On Aug 05, 2020
udwise123:
I don't use or have a virtual dollar card .
Just the normal MasterCard
Wema bank master card?
routik(m): 12:16pm On Aug 05, 2020
which of the normal MasterCard; The Naira MasterCard or the Dollar MasterCard?

udwise123:
I don't use or have a virtual dollar card .
Just the normal MasterCard
warrenweste(m): 12:16pm On Aug 05, 2020
udwise123:
388.66


Their rate now is 462 par Dollar.jus finish chattin with them
udwise123: 12:37pm On Aug 05, 2020
dmostcheerful:

Wema bank master card?
This

udwise123: 12:37pm On Aug 05, 2020
routik:
which of the normal MasterCard; The Naira MasterCard or the Dollar MasterCard?

this

udwise123: 12:40pm On Aug 05, 2020
warrenweste:



Their rate now is 462 par Dollar.jus finish chattin with them
insufficient fund .The rate =385.I just tried funding my bet365 to confirm.

dmostcheerful(f): 12:42pm On Aug 05, 2020
udwise123:
insufficient fund .its rate is 385.I just tried funding my bet365
Is it a physical card or virtual card?
And also did you apply online to get it?
warrenweste(m): 12:43pm On Aug 05, 2020
udwise123:
insufficient fund .The rate =385.I just tried funding my bet365 to confirm.
i dont get,are you saying its 385 nw? can u make a $1 payment to check
warrenweste(m): 12:44pm On Aug 05, 2020
dmostcheerful:

Is it a physical card or virtual card?
And also did you apply online to get it?

its a physical card
udwise123: 12:47pm On Aug 05, 2020
dmostcheerful:

Is it a physical card or virtual card?
And also did you apply online to get it?
physical.
Am not @ home to it ,maybe later .
The dollar card is virtual.
You will be given the card details via the app or web after application.
udwise123: 12:47pm On Aug 05, 2020
warrenweste:

i dont get,are you saying its 385 nw? can u make a $1 payment to check
Minimum deposit there is $10.
That's the transaction status as u can see in the screenshot. I just tried it now to confirm.
udwise123: 12:51pm On Aug 05, 2020
dmostcheerful:

Is it a physical card or virtual card?
And also did you apply online to get it?
And yes I applied for the card online via the app/web.its free for 1st application. But u need a minimum of 3k in ur before you can apply.
You will then fill the delivery form .The card will be delivered to you @ ur location free.
warrenweste(m): 12:54pm On Aug 05, 2020
udwise123:
Minimum deposit there is $10.
That's the transaction status as u can see in the screenshot. I just tried it now to confirm.

oh ok then i wonder why the call agent said 462 par dollar..will apply for the card then ,incase of any price changes pls kindly update the thread

Thanks smiley

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