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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Visa, Mastercard Block Russian Banks From Network (20797 Views)
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Re: Visa, Mastercard Block Russian Banks From Network by pinkygurl(f): 4:51pm On Mar 02, 2022 |
neuf:YOU ARE THE IGNORANT ONE HERE WITH OR WITHOUT SWIFT, AS LONG AS THOSE 14 COUNTRIES ACCEPT MIR, IT MEANS THE RUBLES CAN AUTOMATICALLY BE CONVERTED TO THE EQUIVALENT OF THEIR LOCAL COUNTRY CURRENCY INSTEAD UNLESS THEY SHUT OFF FROM THE MIR NETWORK. |
Re: Visa, Mastercard Block Russian Banks From Network by neuf(m): 4:56pm On Mar 02, 2022 |
pinkygurl: SMH.. you just wrote back what I said and then called me ignorant. Like are you OK? It looks like you need help. Those 14 countries, are their local currency dollars Nairaland need to start doing brain test before allowing people on this platform. |
Re: Visa, Mastercard Block Russian Banks From Network by Elsueno: 4:57pm On Mar 02, 2022 |
batb: it's not like the western block would trade with Russia after the sanction. Russia has things the international community wants, if anybody wants to trade with her, they would obviously use thier network way them dey colabo with chinco. Personally, I think tempering with SWIFT should have being d last resort. This might just be an owned goal for Nato & Us. I sincerely hope Nigeria does not lick anybodies a#s, stay neutral & trade with every side |
Re: Visa, Mastercard Block Russian Banks From Network by pinkygurl(f): 5:03pm On Mar 02, 2022 |
tradepunter:Now you are contradicting yourself. The bone of contention is. The 14countries are not impeded. Because if they are on the mir network with servers in russia, and have sites accepting mir card, The ruble is converted to whatever price tag of their local currency in lieu of the dollar. If a product is tagged 500naira for example ,or $1,,, and on the mir network with payment gateway connected to servers in russia, And the country accepts mir, Then the rubles is automatically converted to naira for such a purchase with or without swift and the merchant local naira account npot domicillary account will be credited. But to complete the transactiom with visa or mastercard is not possible or co 1 Like 1 Share |
Re: Visa, Mastercard Block Russian Banks From Network by pinkygurl(f): 5:05pm On Mar 02, 2022 |
neuf: Oga You are the one whonneeds a brain test. I am not the one who asked whether those fourteen countries? trade is still possible and if they will accept rubles if it is losing value? You are the one who forgot the rubles can be converted to their local currency through the mir network unless they stop accepting mir and cut off The point is only mastercard and visa cut off and 14 countries are still accepting mir cards on the mir network So since swift is gone, so long as they accept mir, the rubles can be converted to the local currency of the fourteem countries through the mir network |
Re: Visa, Mastercard Block Russian Banks From Network by pinkygurl(f): 5:12pm On Mar 02, 2022 |
seunny4lif:Spot on One bottle of cold beer for you 1 Like 1 Share
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Re: Visa, Mastercard Block Russian Banks From Network by neuf(m): 5:12pm On Mar 02, 2022 |
pinkygurl: see what I wrote, then see your response. It's not even up to an hour yet. aunty go rest. if you don't know something shut up and listen. it's not a crime
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Re: Visa, Mastercard Block Russian Banks From Network by Camelot65: 5:16pm On Mar 02, 2022 |
pinkygurl:Can the rubies be converted to dollars on MIR network? Do those 14 countries use Dollars as their local currency? |
Re: Visa, Mastercard Block Russian Banks From Network by pinkygurl(f): 5:16pm On Mar 02, 2022 |
tradepunter: SEE WHAT YOU WROTE IN RESPONSE TO VISA AND MASTERCARD PACKING.WHEN THE COUNTRY HAS MIR STILL ACCEPTED IN 14COUNTRIES (only) IF YOU DONT KNOW SOMETHING YOU CAN ASK OTHERS TO ENLIGHTEN YOU. I ONLY BROUGHT UP THE ALIEXPRESS INSTANCE TO CLARIFY THAT ALIEXPRESS IS STILL ACCEPTING MIR,, I USE MI MIR CARD TO MAKE PURCHASES ON ALIEXPRESS AND IT IS AUTOMATICALLY CONVERTED TO WHATEVER PRICE TAG THE GOOD IS IN THE LOCAL CHINESE CURRENCY OR DOLLARS. NOW READ THE QUESTION YOU WROTE AGAIN MORE SLOWLY AND SEE THAT YOU ASKED A NOT TOO BRIGHT QUESTION FOR 14 COUNTRIES STILL ACCEPTING MIR ON THE MIR NETWORK WITH SERVERS AND COMPUTERS CONNECTED TO RUSSIA. |
Re: Visa, Mastercard Block Russian Banks From Network by pinkygurl(f): 5:21pm On Mar 02, 2022 |
Camelot65:Its still you with a fake monicker.You asked with another monicker [ b] Even those fourteen countries wil they accept rubles that is at an all time low [/b] The answrr is if those 14countries are accepting mir atms on mir network in lieu of visa or mastercard,, the trade will not be hampered as long as the countries support the mir netwok which can convert rubles to the local currency of the 14 countries. The countries accept their local currency payment for goods tagged in their local currency and they also accept dollars |
Re: Visa, Mastercard Block Russian Banks From Network by Camelot65: 5:24pm On Mar 02, 2022 |
pinkygurl:So you think I'm him with another moniker?? Ok then..... |
Re: Visa, Mastercard Block Russian Banks From Network by lecowas: 5:46pm On Mar 02, 2022 |
ednut1: America has enough reserves of oil, don't know abt gas, if America should open their reserves and start selling, it will affect Nigerian economy also, it might not affect u but it will affect the common masses. Be careful what u wish for. |
Re: Visa, Mastercard Block Russian Banks From Network by ednut1(m): 5:54pm On Mar 02, 2022 |
lecowas:do more research. I dont need to argue with u lol |
Re: Visa, Mastercard Block Russian Banks From Network by DEFACO: 6:13pm On Mar 02, 2022 |
Very unfortunate |
Re: Visa, Mastercard Block Russian Banks From Network by starstunna1313(m): 7:08pm On Mar 02, 2022 |
fatatoulli: Since last week. They can’t even withdraw from their own banks.. My sadness is that it’s just the people that are suffering it |
Re: Visa, Mastercard Block Russian Banks From Network by pinkygurl(f): 7:09pm On Mar 02, 2022 |
neuf:Huncle it is only now that visa and mastercard pulled out after swift. FOR YOUR INFORMATION, WITHOUT SWIFT, RUBLES IN VISA ATM AND RUBLES IN MASTERCARD ATMS Were STILL BEING CONVERTED TO DOLLARS AND LOCAL CURRENCIES TOO IN ALL THE COUNTRIES WITH ECOMERCE SITE ACCEPTING VISA AND MASTERCARD EVEN IF IT IS AMAZON WITH LOCAL CURRENCY DOLLARS.. The visa and mastercard cards of ALLinternational payment systems have been working as usual without Swift. THE VISA ATM, MASTERCARD ATMS AND MIR ATMS ON THE MIR NETWORK WERE ALL WORKING FINE AND CONVERTING RUBLES TO DOLLARS TOO.THANKS TO RUSSIAN SWIFT REPLACEMENT SPFS. IT is the international payment gateway settlement network and MAGU in russia to parallel swift.charges on visa and mastercard rubles atm to convert to dollar have higher tariffs for $1 to rubles on banks routing on Spfs than banks routing on SWIFT. It is cheaper via SWIFT. The card charges for $1 to ruble only increased a The blow here is just mastercard and visa joining strike/sanctions and leaving and leaving only mir cards.which is accepted in14 countries only and aliexpress. Apple pay and GOOGLE PAY ACCEPT VISA OR.MASTERCARD ONLY NOT MIR ATMS. and they have ALL BEEN WORKING FINE on PLAYSTORE ALSO UNTIL Apple and google block visa cards from Russia containing ruble Without SWIFT, the visa and mastrrcard containg rubles have been working fine in international transactions in all the countries visa and mastercard only cards are accepted on their ecommerce sites like amazon. l can buy goods on aliexpress usinh mir,visa or mastercard But on amazon using visa only or mastercard which were still working fine without SWIFT All the cash inside the visa and mastecard are rubles. And dollar is the local currency on amazon. Without SWIFT, THE CARDS WERE PERFECTLY STILL WORKING FINE COS OF SPFS. SO GOOGLE PLAY STORE BANNED VISA ATMS FROM RUSSIA FROM ITS STORE. IF GOOGLE NOR JOIN FIGHT,,,, THE RUBLES EQUIVALENT WILL STILL BE CONVERTED LIKE ANY OTHER VISA CARD TO MERCHANT GOOGLE'S LOCAL CURRENCY DOLLAR. AMAZON FOR JOIM FIGHT. BUT MASTERCARD AND VISA MADE WAR HARDER.BY OPTING TO LEAVE... THEIR CARDS DEY WORK WELLA WITHOUT SWIFT ON AMAZON ON NEtfliX THANKS TO SPFS Without swift,,, the visa and mastercard were still wotking fine converting dollars to rubles on dollars only site Thanks to spfs GO AND DO YOUR RESEARCH. EVEN IF CHINA TODAY IS CUT OFF FROM SWIFT,, VISA AND MASTERCARD ATMS CONTAING YUANS WILL STILL WORK COS OF CHINA'S CIPs FOR CLEARING YUAN PAYMENT GATEWAY Even converting yuan to local currency dollar on amazon without swift as long as amazon accepts visa and mastercard atms. https://www.fxempire.com/news/article/central-bank-of-russia-launches-swift-replacement-with-399-users-918266 https://m.timesofindia.com/business/india-business/explained-how-russia-has-been-preparing-for-a-swift-ban-since-2014/amp_articleshow/89905395.cms https://theconversation.com/swift-ejecting-russia-is-largely-symbolic-heres-why-178065
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Re: Visa, Mastercard Block Russian Banks From Network by cosmos1440: 7:09pm On Mar 02, 2022 |
What of the bookmaker, 1XBet owned by a Russian conglomerate ? 1 Like |
Re: Visa, Mastercard Block Russian Banks From Network by ivolt: 7:12pm On Mar 02, 2022 |
PencilBox:Gaza is not a country. Iran has not been invaded. |
Re: Visa, Mastercard Block Russian Banks From Network by itu404(m): 7:23pm On Mar 02, 2022 |
Sad fact is that is it a lose, lose situation for Russia or rather, Putin. His strategy has let him down; he took Georgia, nobody spoke, went to Crimea, no one made any noise. He never reckons the people of Ukraine will not see him as a liberator, but a dictator. The bible says in Ecclesiastes 7:7 Surely oppression maketh a wise man mad;. No army is strong enough to subdue a people who think you are oppressing them. Putin has played into the hands of the west, led by America; he never knew they will shift the post; they cut off his financial ability: Putin has built up a large reserve for this attack, Interswitch a financial network use by almost all nations has cut links with Russia. The Ukrainians has resisted the almighty Russia. That is enough for its critics to taunt him, thus they have been demystified. Okay, he captures the capital. Kieve. Does that mean the people have capitulated? where the hell is he going to get the money to take care of the Army that is required to put the Ukranian inline like he does in Russia? China is not playing ball like he thought. His cronies, the oligarchs, are facing losing thier yachts, mansions and stockpile of money in the west. The west will tighten this rope round his neck till the brake or one of his lieutenants blow out his brains. What is playing out in Ukraine is that Warfare is more than military might for no man is an island, even China is watching and learning from it too. |
Re: Visa, Mastercard Block Russian Banks From Network by ifeanyiclement: 7:51pm On Mar 02, 2022 |
seunny4lif:When the EU turn to face Hungary for its collaboration with Russia, the sanctions will make Hungary hungry 1 Like 1 Share |
Re: Visa, Mastercard Block Russian Banks From Network by seunny4lif(m): 7:56pm On Mar 02, 2022 |
ifeanyiclement:And when EU start falling apart then you will understand. |
Re: Visa, Mastercard Block Russian Banks From Network by Lordedifice1: 8:32pm On Mar 02, 2022 |
Camelot65:You have no right to moderate my comments My comments my opinion You do not have any legal right to tell what to comment If you don't like my comments please say your own and stop countering comments because you can't prove a point in countering people's comments My comments mustn't suit you So back off |
Re: Visa, Mastercard Block Russian Banks From Network by Lordedifice1: 8:36pm On Mar 02, 2022 |
Frankiss44:You heard when Russia said no one should interfere So what's disgusting When Isreal attacked gaza or what was it Palestine did anybody raise an eyebrow No sanction no world threats to Isreal |
Re: Visa, Mastercard Block Russian Banks From Network by Camelot65: 8:37pm On Mar 02, 2022 |
Lordedifice1:I didn't tell you what to comment, I only replied to your comment. And you also have no legal right to tell me not to reply to comments. This is a public forum, if you don't want any replies, then stop commenting. Front on. 1 Like |
Re: Visa, Mastercard Block Russian Banks From Network by lecowas: 8:49pm On Mar 02, 2022 |
ednut1: U're the one that needs to do more research, U. S only import 90k barrels a day of Russian crude oil, on the other hand, Russian economy will feel the heat more since 43% of its revenue sustaining its economy is based on oil and gas. Stop saying what u don't know... Google is at ur service. NB: do u even know that U. S is the largest producer of crude oil? |
Re: Visa, Mastercard Block Russian Banks From Network by Psalmistproject: 8:54pm On Mar 02, 2022 |
HigherEd:Even if he takes over Kiev the sanctions will remain in place. |
Re: Visa, Mastercard Block Russian Banks From Network by Lordedifice1: 9:08pm On Mar 02, 2022 |
Camelot65:I dy my own you carry your headache come my side Please don't counter my comments it is not a must that my comments must fit spirit |
Re: Visa, Mastercard Block Russian Banks From Network by Camelot65: 9:44pm On Mar 02, 2022 |
Lordedifice1:K |
Re: Visa, Mastercard Block Russian Banks From Network by JohnSP99: 10:32pm On Mar 02, 2022 |
Cizarr:just as the war is not too good for Ukraine citizens |
Re: Visa, Mastercard Block Russian Banks From Network by JohnSP99: 10:34pm On Mar 02, 2022 |
KingEverest:exactly what they should be doing, by the time the whole nation is against him, he back down and if not then his end has come |
Re: Visa, Mastercard Block Russian Banks From Network by JohnSP99: 10:36pm On Mar 02, 2022 |
seunny4lif:but how many uses that, and what is their cyber security guarantee |
Re: Visa, Mastercard Block Russian Banks From Network by pinkygurl(f): 11:14pm On Mar 02, 2022 |
JohnSP99:The poster clearly stated 14countries for now and you are still asking how many uses that @Cyber security guarantee is 100%. E dey kampe. It was only recently developed 2014 though when visa and mastercard iniitially threatened to pull out as ru/ukraine tensions built up.so it will take a while to get more countries and ecommerce sites outside russia to be accepting and displaying mir card options. I use my mir atm supported by the mir network with servers in russia, to make purchases on ecommerce site Aliexpress. War or no war,,ecommerce american amazon accepts only payments from american company visa and mastercard only. The mir works on POS in russia and those fourteen countries. Sha, HP site in russia for example, accepts mir. HP.ru or sth like that. Samsung site or Apple site.ru accepts the mir .(apple wan run now limit sales ) Ford,Toyota cars.ru/ru outlets accepts mir on their sites. H& M.ru , Nike.ru and other western clothing outlets.ru accepts the mir.It is mandatory for western outlets tailored for ru market to accept mir cards on their sites or they will have no business or branch office in the territory to begin with. I only have visa and mastercard most times for dirwctly patronising western websites outside russia like amazon. It will take a while for russia to get more countries to accept mir cards. Most western sites display visa and mastercard options only. Even outside crypto trading apps accepting deposits in rubles from russia registered clients, only visa and mastercard are displayed as options of cards to use to make the rubles deposit equivalent of crypto with price tag in dollars at exchange rate of the day. Like l said earlier, if sanctions get hotter, russian sites or any outlet.ru may soon be mandated to stop accepting visa and mastrrcard options from anywhere in retaliation. |
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