Hello, people. I have a quick question on using Payoneer MasterCard at an ATM here in Nigeria.

Although this may sound somehow, but I have been wondering how withdrawal using the card at a Nigerian ATM is like since the card is denominated in dollar. Do you key in the dollar amount to withdraw and its naira equivalent is dispensed or you key in the naira amount, as calculated by yourself? Just had no idea on the matter yet and I like to prepare ahead for things not to be caught off guard.

U1: Hello, people. I have a quick question on using Payoneer MasterCard at an ATM here in Nigeria.

Although this may sound somehow, but I have been wondering how withdrawal using the card at a Nigerian ATM is like since the card is denominated in dollar. Do you key in the dollar amount to withdraw and its naira equivalent is dispensed or you key in the naira amount, as calculated by yourself? Just had no idea on the matter yet and I like to prepare ahead for things not to be caught off guard.

IT will be converted automatically to naira while you collect naira.

presegsADESIDA:

IT will be converted automatically to naira while you collect naira.

That is not his question. His question is not about the possibility but how much precisely he will type on the ATM screen while withdrawing.

Just like any other foreign currency denominated cards even if issued in Nigeria, you will need to do or assume the conversion rate and so you are to enter the equivalent amount you want to withdraw in Naira. Same thing goes for if you are withdrawing from same dollar card in the UK or Canada, you will need to enter the equivalent amount in British pounds (GBP) or Canadian dollars respectively when using the ATM.

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Thanks for the reply, arbitrage and presegs.

arbitrage:

That is not his question. His question is not about the possibility but how much precisely he will type on the ATM screen while withdrawing.

Just like any other foreign currency denominated cards even if issued in Nigeria, you will need to do or assume the conversion rate and so you are to enter the equivalent amount you want to withdraw in Naira. Same thing goes for if you are withdrawing from same dollar card in the UK or Canada, you will need to enter the equivalent amount in British pounds (GBP) or Canadian dollars respectively when using the ATM.

Thanks for that arbitrage.I didn't have enough time to finish reading his plight but previewed it sharply and summarized answer to it.