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When Making Payment Online - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessWhen Making Payment Online (631 Views)

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When Making Payment Online by Nobody: 9:13am On Dec 26, 2014
When making payment online with naira mastercard what rate is naira to dollar is charge is it based on d rate of d bank that issue the card or interswitch rate or the website dollar rate to naira or how does this rate of dollar charge to naira using my master card thanks
Re: When Making Payment Online by semasir: 9:36am On Dec 26, 2014
the bank rates
Re: When Making Payment Online by ejikeme(m): 9:54am On Dec 26, 2014
Bank do charge certain percentage per dollar transaction.
When exchange rate was #158 per dollar i was being charged #168 per dollar on online transaction.....
Re: When Making Payment Online by arbitrage: 4:15pm On Dec 26, 2014
wus:
When making payment online with naira mastercard what rate is naira to dollar is charge is it based on d rate of d bank that issue the card or interswitch rate or the website dollar rate to naira or how does this rate of dollar charge to naira using my master card thanks
Your bank determines what exchange rate you see through the instrument (Visa or MasterCard) they offer you even when they claim MasterCard and Visa International have inputs.
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