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Nairaland Forum / Nairaland / General / Business / Any Charges For Cross Border Transaction By Nigerian Banks (170 Views)
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Any Charges For Cross Border Transaction By Nigerian Banks by Nobody: 11:54am On Sep 06, 2022 |
I used my fidelity debit card to purchase item worth $32. In the invoice I received the Naira equivalent was stated, and it Is 14k+. But waking up his morning fidelity debited #19750. What must have been the cause of the additional charges? |
Re: Any Charges For Cross Border Transaction By Nigerian Banks by Collins4u1(m): 11:56am On Sep 06, 2022 |
The people that have final say on the naira equivalent is the bank, not the invoice issued by the website because they don’t know the exchange rate |
Re: Any Charges For Cross Border Transaction By Nigerian Banks by aycapri(m): 12:01pm On Sep 06, 2022 |
You must have been charged for a DCC transaction fee which is 30%/35% of the transaction amount depending if it is a Verve or Visa card |
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