jarkbauer:
very soon amazon will change it to 238. thanks for informing them

excel234:

I have done business with reputable foreign merchants, they are not like us , very straightforward in business dealings. If CBN is seling to them @N197-199, they have a fixed charge % which takes it to N208 they charge. They wont change it unless the official naira xchange rate changes. I have even received my goods incomplete, after informing them via chat, they dispatched another on a 1-day delivery !!! I have even returned items and got my money back. Try that with an average Nigerian merchant, your money is gone or if they are merciful, they will ask you to choose another product.

jarkbauer:
very soon amazon will change it to 238. thanks for informing them.

The truth is that most Nigerian Banks are scammer when it comes to forex. UBA charged 267 last week to dollar.

excel234:

I have done business with reputable foreign merchants, they are not like us , very straightforward in business dealings. If CBN is seling to them @N197-199, they have a fixed charge % which takes it to N208 they charge. They wont change it unless the official naira xchange rate changes. I have even received my goods incomplete, after informing them via chat, they dispatched another on a 1-day delivery !!! I have even returned items and got my money back. Try that with an average Nigerian merchant, your money is gone or if they are merciful, they will ask you to choose another product.

jarkbauer:


CBN does not sell dollars to Amazon. CBN is Nigeria's bank banker. It sells dollars to Nigerian banks. Anytime you do use your card for foreign transaction, your bank do will a transfer to the to merchant through their partner bank (JP Morgan Chase) abroad.

Now see why it wont stay at 208? see you bought something of 50dollars but Gtbank transferred 46.31 equivalent that's 3.69$ loss to Amazon

excel234:

I have done business with reputable foreign merchants, they are not like us , very straightforward in business dealings. If CBN is seling to them @N197-199, they have a fixed charge % which takes it to N208 they charge. They wont change it unless the official naira xchange rate changes. I have even received my goods incomplete, after informing them via chat, they dispatched another on a 1-day delivery !!! I have even returned items and got my money back. Try that with an average Nigerian merchant, your money is gone or if they are merciful, they will ask you to choose another product.

Seun:
In the modern world there's nothing like an official exchange rate. All exchange rate are based on demand and supply in the modern world. The role of regulation is to ensure that people are not cheated, so before making a transaction you should be able to told what the rate would be.

Seun:
In the modern world there's nothing like an official exchange rate. All exchange rate are based on demand and supply in the modern world. The role of regulation is to ensure that people are not cheated, so before making a transaction you should be able to told what the rate would be.

blym4real:

I did a transaction at #238 to $1 some weeks back with uba mastercard, the order was later cancelled and uba refunded my money at the rate of #199 to a dollar claiming it the official cbn rate.

blym4real:

I did a transaction at #238 to $1 some weeks back with uba mastercard, the order was later cancelled and uba refunded my money at the rate of #199 to a dollar claiming it the official cbn rate.

infogenius:


Iol
The transaction is clear. UBA sold a dollar at #238 to you to effect a payment. And when a refund was made, they simply bought the dollar back from you at rate of #199.

It is not fraud but business as usual.

blym4real:

.......The exchange rate for electronic payment should never exceed +#10 to the official rate.

shocker007:
Must you post every question online?
Some people can ask unreasonable questions.
Thank God all normal users will be blocked from FX shopping as from January 2016.
I will see if this kind of post will appear again.

Learn to keep shut when you have nothing positive to say!
BTW When did Nairaland become GTB customer service centre.

StPete:


Shut up there, will you? Can't opinions be shared from other people who do online businesses? What's wrong wit d questions d OP asked for clarifications or do you think you know better than everyone else who have contributed?

shocker007:
Must you post every question online?
Some people can ask unreasonable questions.
Thank God all normal users will be blocked from FX shopping as from January 2016.
I will see if this kind of post will appear again.

Learn to keep shut when you have nothing positive to say!
BTW When did Nairaland become GTB customer service centre.

shocker007:

OK sir. No vex

All i know is that; January is right at the corner.
Cant wait to Laugh in swahili when posts of people not been able make international purchase surfaces.

coolsix:


This is 1st February.. My GTB Card is working

See yourself?

shocker007:


At 305 to a Dollar, You sure gonna shout sooner or later. If you escape Amazon, you can't escape other services.
While we who knows how dollar works will keep spending it at ease.

Phestosuah:
My card still working for international transactions and am charged N208.6/$1.
my question is, how can I buy a single item of about $900 as I get payment decline each time I checkout on the item.
Just need how I can buy an item of about $900 on amazon.