₦airaland Forum

Date : 13th April '15
Currency : $
Bank : Access Bank
Exchange rate : 206

Jeffy1206:
Yea my point exactly... It's better at the end of the month

Different banks, different policies and procedures.

tyconcepts:
Date : 13th April '15
Currency : $
Bank : Access Bank
Exchange rate : 206

Thanks for the Info. Updated to first post.

GTB 1PM 12TH APRIL MasterCard online @ aliexpress N204.99888268 per $

Date : 13th April '15
Currency : $
Bank : Gtbank (Mastercard)
Exchange rate : N204.99

Access 206 as at today!

Bank: Fidelity
Currency: $
Date: 12th April
RATE: 204.2 PER $1

Diamond bank as at 3:39PM 13th April 2015, $1 = #204.0779238

From stanbic refund policy... They just refunded same amount to my account see pic below.

HAD A CRAZY DAY TODAY, I HAVE VISITED THE THREAD 3 TIMES BUT NO STRENGTH TO TYPE. LOL.

jerrygome:
GTB 1PM 12TH APRIL MasterCard online @ aliexpress N204.99888268 per $

frebor:
Date : 13th April '15
Currency : $
Bank : Gtbank (Mastercard)
Exchange rate : N204.99

Thanks for the update guys. @frebor gets the mention on first page cause of it's a later date.

koredex4love:
Access 206 as at today!

Thank you for the input. However this was reported earlier so doesn't get an update on the first page. Regardless we want this page to stay 'as up to the minute' as possible. Lol. Don't hesitate to let us know about any future transactions. Thank you.

Mizzzbeee:
Bank: Fidelity
Currency: $
Date: 12th April
RATE: 204.2 PER $1

biggboy:
Diamond bank as at 3:39PM 13th April 2015, $1 = #204.0779238

Thanks for the info, both updated to first post

Jeffy1206:
From stanbic refund policy... They just refunded same amount to my account see pic below.

Lol. Bro, na calculator u use snap this picture? I can't see anything yo! U were debited 389.03, and it looks like 388.05. Which means they give you dollar at 199.5 and process refund at 199. Well, i don't know if there is too much to complain about there...

Between yesterday and today, StanbicIBTC pounds rate dropped from 299.77 to 294.59.
However, i placed an order on Asos and it was successful on Stanbic's end (as the funds was put on pending) but Asos declined the card for some reason. Sent an email to Asos to know what the problem is, clearly not Stanbic tho.

Can anyone confirm that paying merchants using ur card on paypal costs more or the merchant pays receiving cost?

Stanley08:
Between yesterday and today, StanbicIBTC pounds rate dropped from 299.77 to 294.59.
However, i placed an order on Asos and it was successful on Stanbic's end (as the funds was put on pending) but Asos declined the card for some reason. Sent an email to Asos to know what the problem is, clearly not Stanbic tho.

Can anyone confirm that paying merchants using ur card on paypal costs more or the merchant pays receiving cost?

No, the merchant pays the transaction fees.

Fees also apply if you receive any payment for goods or services.The standard rate for receiving payments for goods and services is 3.4% of total cost.

There is a fee to send money as a personal payment using a debit card or credit card. The fee, for example, in the U.S. is 2.9% plus $0.30 USD of the amount you send.
The sender can pay the fee or pass it on to the recipient. If the recipient doesn't want to pay the fee, they can choose not to accept the payment.

Refer to the fees section on the user agreement page for specific details: https://www.paypal.com/al/webapps/mpp/ua/useragreement-full?locale.x=en_AL

Lol Stan, I think they just decide to remove #1 instead... I need not complain here at all, instead of maybe refunding at #194 or so... I like it

frebor:
No, the merchant pays the transaction fees.

Fees also apply if you receive any payment for goods or services.The standard rate for receiving payments for goods and services is 3.4% of total cost.

There is a fee to send money as a personal payment using a debit card or credit card. The fee, for example, in the U.S. is 2.9% plus $0.30 USD of the amount you send.
The sender can pay the fee or pass it on to the recipient. If the recipient doesn't want to pay the fee, they can choose not to accept the payment.

Refer to the fees section on the user agreement page for specific details: https://www.paypal.com/al/webapps/mpp/ua/useragreement-full?locale.x=en_AL

Thanks for this info bro. I just did a paypal/ebay transaction ($16.69). I will know when the alert comes in.

Jeffy1206:
Lol Stan, I think they just decide to remove #1 instead... I need not complain here at all, instead of maybe refunding at #194 or so... I like it

If i pay 199,500 ($1000) and i get a refund of 199,000 naira. I don't think i'll cry. I'll just not call anybody for 1 or 2 days. My credit money don go Stanbic be that

Yes for bigger transactions, you are going to feel the thing ... I think for refunding purpose, I'll give it to gtb. They even pay higher for me if it naira gain power excerpt they have changed though... But I can trust them on that.

Jeffy1206:
Yes for bigger transactions, you are going to feel the thing ... I think for refunding purpose, I'll give it to gtb. They even pay higher for me if it naira gain power excerpt they have changed though... But I can trust them on that.

Someone swore he lost 8K to GTB when getting a refund.

Stanley08:
Someone swore he lost 8K to GTB when getting a refund.

then I'll withdraw my statement then.

Jeffy1206:
then I'll withdraw my statement then.

Oh well, only Ecobank i know doesn't do that.

Date : 14th April '15
Currency : $
Bank : UBA (Africard)
Exchange rate : N204.20
Cost of item: $1.19
Amount debited: #243

This is just for me to test what they are charging now.

EUGENE4GOO:
Date : 14th April '15
Currency : $
Bank : UBA (Africard)
Exchange rate : N204.20
Cost of item: $1.19
Amount debited: #243

This is just for me to test what they are charging now.

Lol. High time we heard something on UBA. Thanks mate. Updated to first post.

Plus, i can confirm that StanbicIBTC remains at 199.5. And it was a PayPal transaction. Stanbic sent me the value, 3,447.36. And dollar amount is $17.28. Exactly 199.5.
Paypal's reply says that Merchant will pay the charges.

Good day house, can someone help me with CBN email address, l need to submit a petition against Access Bank. l had two PayPal refund last week Monday up till now they are yet to credit my account. l have called and emailed them severally all to no effect. PayPal refund takes maximum of 7 days but is already 7 working days yet no sign. pls l need the email address ASAP

Hello house, I want to fall in to Naija and will want to open an account with GTB for my paypal setup, please I want to know the requiremnt to open the account so that I can have them handy as I do not have much time to stay in naija, and how long does their ATM stay before out

solaceTK:
Good day house, can someone help me with CBN email address, l need to submit a petition against Access Bank. l had two PayPal refund last week Monday up till now they are yet to credit my account. l have called and emailed them severally all to no effect. PayPal refund takes maximum of 7 days but is already 7 working days yet no sign. pls l need the email address ASAP

don't you think is still early? Try to contact PayPal too, they will also help you and contact your nearest branch...

solaceTK:
Good day house, can someone help me with CBN email address, l need to submit a petition against Access Bank. l had two PayPal refund last week Monday up till now they are yet to credit my account. l have called and emailed them severally all to no effect. PayPal refund takes maximum of 7 days but is already 7 working days yet no sign. pls l need the email address ASAP

CbN said contact your bank first and allow approximately 2weeks for your bank to reply before escalating to them.
Send a mail to Access bank explaining what happened, let them reply your mail as that is number 1 evidence and if after 2 weeks nothing happens then send a mail to paypal requesting to know if they actually refunded the said money as it has not reflected on your account; that is number 2 eveidence before proceeding to CBN

mavinc4u:
CbN said contact your bank first and allow approximately 2weeks for your bank to reply before escalating to them.
Send a mail to Access bank explaining what happened, let them reply your mail as that is number 1 evidence and if after 2 weeks nothing happens then send a mail to paypal requesting to know if they actually refunded the said money as it has not reflected on your account; that is number 2 eveidence before proceeding to CBN

Thanks dear for your advice, however l have already mailed Access twice but they are not saying anything reasonable, they said they will investigate before they do anything further. let me allow this week to pass after which l will send a mail to PayPal for confirmation before escalating the matter

solaceTK:
Thanks dear for your advice, however l have already mailed Access twice but they are not saying anything reasonable, they said they will investigate before they do anything further. let me allow this week to pass after which l will send a mail to PayPal for confirmation before escalating the matter

Send them a friendly reminder that you would like to know the outcome of their investigation regarding your complaint.

Jeffy1206:
don't you think is still early? Try to contact PayPal too, they will also help you and contact your nearest branch...

If It shows that the refund has been completed on PayPal, then there's nothing much PayPal can do for him really

solaceTK:
Thanks dear for your advice, however l have already mailed Access twice but they are not saying anything reasonable, they said they will investigate before they do anything further. let me allow this week to pass after which l will send a mail to PayPal for confirmation before escalating the matter

Access Bank (Ghana tho) took as long as 17 days to process a refund for me one time. Sometimes, these things just take time sadly. The best you can do is send them proof that the refund has been done on PayPals end and they should release the funds to you. Fowards emails from PayPal to them, screenshots showing transaction refunds and anything really. Forwarded a failed mail from Asos to StanbicIBTC and they started peocessing the release of my funds immediately and dat was just yesterday. They just called me now to tell me that the funds would be released in the next hr. These documents /evidence helps speed up the said 'investigation'.

My mobile banking finally up and running...Also my ibanking no much difference at all...

My money was not touched as I first thought.

I got the refund barely 10 minutes after they called me, and I've already spent it on Asos. Lol. Paid with PayPal this time and it went through without issues. Even tho I'm yet to get an exact confirmation of how much i was charged as Stanbic doesn't serve an alert to you until the money is actually debited, stanbic on twitter adviced today's rate as 295.68 so i guess... £150.5 = 44499.84.

I'm not a big fan of not getting immediate alerts nor debiting 4 naira immediately after every alert but i can't say too many bad things about stanbic if i tried. Not yet at least. Lol.

Date: 14th April 2015
BANK: Diamond Bank
CARD TYPE: Visa Card
Currency: €
Rate: 216.75

Jeffy1206:
My mobile banking finally up and running...Also my ibanking no much difference at all...

My money was not touched as I first thought.

@Jeffy, How did you do it? They are not debiting your account for sms alert. I deposited #2500, they alerted me that my account has been credited with #2500. When I log in to my i-banking I discovered that they have debited #4 for sms alert that my account had been credited. So instead of #2500 I saw #2496 in my account.

Diamond bank are exploiting me oo! Dey charged $1 to #204.077938 and refund me with $1 to #194.074889..... Time to migrate to Stanbic IBTC bank.