See The Exchange Rate for 5 Dollars Online Payment I Made With Mastercard Naira Debit Card

While the MasterCard Naira debt cards issued by some Nigerian banks have stopped working for online international transactions, GTBank Naira MasterCard is still working fine for online payments, although the bank has reduced the monthly international spend limit.

Below is the screenshot of the most recent payment I made with my GTBank MasterCard Naira Debit Card.

mastercard exchange rate dollar to naira today

I was charged N1,600 for 5 US Dollars when I paid for my Google for work subscription. Hence, the MasterCard conversion rate from dollar to Naira is like N320 per dollar.

I think this is still fair compared to the Naira MasterCard exchange rate in September & October 2016.

If you’re a blogger that earns in dollars, I think it is now cheaper to pay in Naira if you can get someone in the black market to buy your dollars at a rate higher than N400 per dollar. Let’s assume you sell $100 @ N400 per dollar, you will have N40,000. Now, if you pay online with Naira debit card and GTB charges you N320 per dollar, that means you will pay N32,000 for a $100 transaction. Hence, you save N8,000. Cool…huh?

Anyway, if you don’t want to go through the stress of making online payments with Naira MasterCards, you can get the Nigerian dollar MasterCard from your bank. It allows you to easily make online international payments without the constraints placed on the Naira MasterCard.

You can as well apply for Payoneer MasterCard. It is free of charge. You can fund the Payoneer card in Nigeria and you can even withdraw your Payoneer funds from ATM in Nigeria.

How much were you charged when last you used your GTB MasterCard for international transactions?

Please Share :

See also :   Money Transfer from GTBank to GT and Other Bank Accounts Using *737 ShortCode

Written by Jide Ogunsanya

Pro Nigerian Blogger, Digital Marketer and Web designer. I help business owners to grow their businesses online. You can join my Facebook Group here.


Leave a Reply
    • I buy and fund too bro…

      Why majority don't fund is due to the rate. Its usually very expensive and people tend to shy away from it.

      Apart from that, they'd rather buy and hoard or convert since it could be more profitable to them that way. But not to worry.

      I buy mostly but can fund your payoneer aswell.

  1. If demons can bow at the mention of BABAJIDE, who then is GTBANK?

    Well am impressed, I know it's the hand work of my favorite president Buhari.

    Last time I ran FB ads, a went bankrupt. I swear they cut my neck.

  2. So,Trading bitcoins (btc) basically entails buying btc and selling at a convenient time when there is an increase price and this increment occurs everyday. But 1btc= #350,000 or more and that makes buying a problem for most people.

    This is where Five2BTC comes in!
    Five2BTC gives us the opportunity to buy 0.01btc (about #3,500 now) and grow it into 67btc by means of an organized multi-level platform that requires you to donate and receive donations from 2 referrals.

    We provide an environment for our members to climb the ladder of success and all we ask of you is to spread the word and invite as many persons as possible to be part of this moving train because a SUCCESS FOR ME IS A SUCCESS FOR YOU!

    So, why not come in board? Where else can you find a dedicated and reliable team like ours! Consider this:

    Donate 3500

    *Level 1*
    Receive 3500 from 2 ref = 7000k
    Donate 5250k gain 1750k

    *Level 2*
    Receive 5250k from 4 referrals i.e 21000k
    Donate 14k gain 7k

    *Level 3*
    Receive 14,000k from 8 referrals i.e 112,000K
    Donate 70,000K gain 42,000K

    *Level 4*
    Receive 70,000K from 16 referrals i.e 1,120,000M
    Donate 700,000k and gain 420,000k

    *Level 5*
    Receive 700,000k from 32 referrals i.e 22,400,000M
    Donate nil
    Congratulations, You're now a millionaire!!

    We all can achieve this together if we put in work and commitment!

    Join our WhatsApp group

    To learn more

Leave a Reply

We're glad you have chosen to leave a comment. Please keep in mind that comments are moderated according to our comment policy. Your email address is required but will not be published. No keyword stuffing in the name field and commenting from blah blah blah makes no sense. Thank You.

  • Do You Want To Work At Dubai ?Click Here
  • You Can Make Money Promoting Other People's ProductsRead More
  • Interested in starting data plans reselling business?Click Here
  • Want To Join A Forum Where You Can Discuss Blogging?Click Here
  • NetDivo ePin Manager Lets You Print Airtime Of All NetworksLearn More

3 Ways To Make Money At

How To Take Full Screenshot Of Any Web Page Online Without Software