In Nigeria online marketers understand the difficulty in making international transactions with our local bank debit cards. You can’t pay for your Facebook and Instagram ads, Netflix and other popular online payments.
The CBN has made it hard due to restrictions imposed on Naira Mastercards. Every now and then, you tend to switch banks because you heard “GTB Mastercard works with Amazon, Union Bank works Netflix and many conflicting rumors.
In this article we would introduce you to a solution that allows you create virtual USD cards in order to make international payments. With this you can pay for your Facebook ads by linking Card from Barter.
What is Barter?
Barter which i personally prefer to call Get Barter is an online wallet that lets you create virtual US credit cards which you can fund using your local credit cards. Awesome! Ye? You can also track and manage with its card management system. This fantastic solution came into existence as the Barter team partnered with one of Africa’s biggest financial startup, Flutterwave this also made it possible to scale up to many countries in Africa such as Nigeria, Kenya, Ghana and South Africa.
With this amazing solution, you don’t need to worry about the expensive Dollar Mastercard that Nigerian banks are offering and the monthly spending limits imposed by the CBN too doesn’t affect this solution.
STEP 1: REGISTER YOUR ACCOUNT ON BARTER.
The interface of the website is so clean and attractive and makes your signup process hitch free. You would also be required to submit your phone number during the signup process.
STEP 2: LOGIN INTO YOUR BARTER ACCOUNT.
STEP 3: CREATE A NEW VIRTUAL USD CARD.
PS: Remember you can’t use our cards for cash advance, to transfer money to anyone, to purchase cryptocurrency, on money transfer platforms, etc.
Also these are the rates offered on the platform.
USD / NGN
USD 1.00 = NGN 370
USD / GHS
USD 1.00 = GHS 5
USD / KES
USD 1.00 = KES 105
STEP 4: PROFILE YOUR USD CARD AND ADD FUND INTO IT.
Name on Card: This is the name you want to appear on the card you’re creating.
Card Currency: TO use the card for Facebook ads. Select USD.
Amount: Add the value of money you want on your card.
Wallet to debit from: Each currency available on the platform is linked to a wallet. So that means you can decide to add 10,000 naira from your local bank account to your Get barter wallet. When creating a Virtual USD Card you need to add funds into the card from your wallet.
If you have any questions feel free to use the comment section below.
Also published on Medium.