₦airaland Forum

The good news from Payoneer is now followed by a bad news last week as they have withdrawn their bank withdrawal service to Nigerian bank accounts. I guess our financial terrain is not easy but risky for them. Read below:

You didn't give your verified PayPal address so that people can enter you as the referrer or is there no commission for referrals? What of accessing through Nigerian IP address?

samplanner:
pls guysci need help here. how much does local banks here in Nigeria charge for wire transfer and how long will it take for the money to enter one's bank account? I need help pls. thanks.

If your wire transfer is outward, most of Nigerian banks will charge you the 4 basic charges, namely: transfer charge (about 0.5% of total amount), VAT (5% of the transfer charge), swift charge ($25 fixed) and offshore charge ($20). They will usually give you option to pay the offshore charge or your beneficiary should pay it because it is actually a charge in favour of the receiving bank. Some banks don't usually charge to receive and if you (the sender) pay the offshore charge, it may end up being a freebie to the Nigerian sending bank if your beneficiary bank does not charge recipient. The total wire transfer charges used to be around $97.5 for sending out $10,000 from Access and Union banks but Gtbank is about $110.

If your wire transfer is inbound, most of the banks may not charge you to receive here but the sending banks in the UK and US normally have a fixed wire transfer charge of $25 or $30 to send out. The better alternative could have been Western Union to send out or receive here as their charges are less than wire transfer on the same amount but the exchange rate of naira to dollar may injure you when the bank will give you your fund in naira at poor rate.

By the way, the outward or inward wire transfer will usually take 3 working days more or less; often written as 2-5 working days.

But someone answered you on another thread where you asked this same question.

o42austino:
Is it Visa or Master card?

Both

GTB, Union, etc

Bring it on if you can truly those highlighted features.

earthrealm:
Charged 314.6 to £1 diamond bank atm withdrawal in uk...didnt see any 420 naira charge pertransacrion unless it was built in.

Only GTB does that N420 milking.

slimtom1994:
Please how do I withdraw from my paypal account when somebody has already paid into the account in nigeria?

Is it a Nigerian PayPal account because I don't think someone can pay into it except the person is deceiving you?

Sweetmarriage:
I have someone in south africa, and i'm thinking of importing goods (small scale) from south africa. Do you think south africa's good will be cheap like that of china, japan, etc. What advice do you have for me?

Electronics are costlier there than here not to talk of China.

Which site and which card are you referring to?

Copiousworld:
I beg to differ from the Op comments. There are millions of honest business entities in China. Most Chinese business men are fairly honest. However many of those ridiculous cheap prices u see on e commerce platforms might be real but much of the products are certainty substandard. A Chinese man can produce an electronic device/machine with a life span of 30days. If you need durable electronic devices, try shops in Shenzhen city. That's the home of electronics in China and they have reputation for quality items. If u have anyone in China, let him help follow up with the company/shop. I have lived in China for over 15yrs and i know they have good stuffs there. Though i now fly in and out monthly.

Thanks a lot. Most of them I have been contacting on Alibaba are from Shenzhen.

tochinoyi:
my advice to you is never try it a lot of scam are here,they just registered in most of the social network to deceive people

The surprise I got again was when I tested one with small amount. This particular seller accepts PayPal in addition to his WU, MG and T/T. So I decided to risk it using PayPal option knowing that I can ask PayPal to charge back if he does not deliver. I risked it also because it was ridiculously cheap for him to advertise a Lenovo Ideapad Ultrabook notebook for $37. I risked the small amount and never expected anything positive. That was December 13, 2014. By 2 days after, he sent email containing the China Post tracking number but no information on website to track it. I started using Google to know which website one can track for a China Post parcel. Later I found a link and typed the tracking number, which gave just few 2 days of information on the package as being dropped at China Post facility and then departed China Post for airport. Nothing more. I just felt it must have been the same scam seller that will create the tracking website to deceive buyers that the product was in transit. That was like December 18 to 19, 2014.

While counting down to when I will ask PayPal to charge back (within 60 days allowed), I tried again early this month to search and I discovered on China Post and USPS tracking that the parcel actually left China and arrived in Garden City, New York and from there to my California address. I was shocked as I had thought it was a scam. The USPS tracking that took over from there showed it arrived on Dec 29 and was taken to my address on Jan 3, 2015 but was returned to USPS facility because the business address had closed for holiday. They returned and delivered it on January 5. Because I didn't believe it would come nor check again, my US address contact returned it to USPS on January 29.

As I tracked on Feb 5 (before I would ask PayPal charge back) and saw that it was actually shipped, I started asking my US address contact about it and she told me that the parcel came without any name on Jan 5 and they returned it to sender on Jan 29. I have been unable to reach USPS since then to even know if they still have it within US or it's gone back to China as the seller doesn't even reply emails. So, the whole scenario made me feel that some of these funny sellers might be real sometimes with their wares and adverts. It's risky anyway.

I also found out that the no name that my contact said it came without was because the Chinese seller shipped to the business name and US address that was on my PayPal account (which my US contact wasn't aware of) instead of shipping to my name and Nigerian address that I used when placing the Lenovo notebook order.

Good one! I have been trying to patronize Chinese sellers but I am often confounded with their prices that I would be wondering if they are scam or genuine and whether the products would be original, especially electronics. The ones with good prices often do not want to sell on Alibaba, DHgate, Aliexpress and co that have escrow services. But they asked me to pay on their websites by Telegraphic Bank Transfer, Western Union or Money Gram. They usually offer free DHL/UPS/EMS/Fedex free shipping. How real or genuine are these offer? As big as Televisions are, they still offer same low prices and free shipping. What can you say from your experience there? Sometimes, when I ask them to ship to me in China (as if I am near them and not a foreigner they can deceive), they are still happy with that and would say that I should come and visit their stores to see more items. That seems to be as if they are sure of what they are advertising as real. What do you think?

Call Customer service. Most branches seem to share same sort code.

Meringe:
Using my atm card in Turkey ,what will the atm dispense? Dollar or Turkish currency?

It will be Euro or Turkish currency depending on which one their banks use daily except they have certain type of ATM that Travelex put in Heathrow Airport, London that can 'vomit' dollar, pounds or euro depending on your choice selection.

Why do you want to reinvent the wheel of payment processor integration when there are quite a number of existing ones that you can just subscribe your business to and start selling without having to build all over from scratch?

lancee:
Pls does anyone know the exchange for dollars at ATM

Do you mean using naira card to withdraw dollar from foreign ATM or using a foreign card to withdraw naira from Nigerian ATM? For the latter, I tried it more than 3 weeks ago and got N179.xx while I have not tried the former recently except to withdraw pounds sterling.

MarketSquare:
Please how long does it take to receive ur international credit card from Payoneer after approval?

Like a month unless you choose to receive by courier within few days.

pappilo:
£1 = N306 on 10 February

£1 = £311 on 11 February


GT Bank rate from cash machine

Imagine pounds sterling; whereas I was complaining of N299 per £ from ATM withdrawal in December 2014, not knowing it will grow worse.

This same Walgreens USA again. That's where some 419 stole my dollars too on Union visa card and carried out several transactions along with Onola Car Shipping business, Onola Car wash and Walgreens groceries. They were just using my visa card anyhow. Previous year it was booking flight on Japan Airline International. Thank God that Union bank responsibly gave me Visa International indemnity and refund claim form to fill and followed it up. My dollars were refunded after they blocked/hotlisted the card.

mavinc4u:
please oh. arbitrage, don't bother explaining again so that what happened before would not happen again; hope you understand me? Thanks oh

Yeah I understand you, thanks.

mavinc4u:
Arbitrage please don't tell them oh. We have bankers in the house.

I have even mentioned it before in the other thread, may be he has not read or tried it and that's why he is arguing. Or he thought I want to ask for money to do it for him; after I already showed how to do it. I simply expect him to try it by himself to confirm instead of asking me for proof as if I am soliciting for payment here first. Information is power anyway.

muiz69:
arbitrage pls hope u dont mind if i pm u,

I am not sure Nairaland pm ever works at it doesn't allow typing any message. May be you should use the contact information in my signature below. Thank you.

tonytony208:
good morning sir. Pls, i sent you an email since yesterday morning dat i want to sell paypal from freelancer.com. But i haven't gotten any response from you since then. Pls sir, i hope all is ok at your end.

Your money paid.

tonytony208:
good morning sir. Pls, i sent you an email since yesterday morning dat i want to sell paypal from freelancer.com. But i haven't gotten any response from you since then. Pls sir, i hope all is ok at your end.

Paid.