Banks In Nigeria To Stop The Use Of Atm Cards In Foreign Transactions

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Dec 24, 2015

Banks In Nigeria To Stop The Use Of Atm Cards In Foreign Transactions

Some of you may have seen this on press yet its still fundamental we dialog about it. This is too awful to possibly be beginning the year 2016 with. I'm almost certain a considerable measure of you purchase on foreign stores like Ebay, Amazon, gearbest or best and the preferences…

atm card

A bunches of you even host your site or domain with foreign company/organization like Namecheap, Godaddy, bluehost and so on. In what manner will you feel when you need to pay for merchandise on AliExpress and you are informed that your card is decayed? Lolz Alternately you need to renew your host or domain with Godaddy and you are informed that your card is invalid?

Give me a chance to clarify this. . . Another Policy has been go by Deposit Money bank to prevent all clients from utilizing their ATM cards, prominently known as Automated Teller Machine cards, for dollar-designated exchanges when they travel abroad with impact from January 1st, 2016. This implies bank clients won't have the capacity to utilize their cards to purchase items from foreign e-trade locales like e-commerce, AliExpress and amazon.com in which payments are made in forex.

To let you know how genuine this is, Standard Chartered Bank has advised its clients that from January 1st, 2016, they won't have the capacity to utilize their naira designated ATM cards for exchanges that are named in foreign monetary forms, either locally or when they travel abroad.

Give me a chance to stop the story, From January first, your nearby Master naira card gets to be futile on AliExpress, Gearbest, best purchase or any foreign sites.

Who cares about paypal?
I don't think about PayPal, yet since its connected to your Master Card, I get, it will be pointless to however I'm not very beyond any doubt about it.

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