You can now pay for Facebook ads using your Naira debit card

by | Feb 27, 2017

Update: Naira payments for Facebook ads will begin Monday, 6th of March 2017, through Visa and MasterCards only.

In 2016, Facebook began to display advert rates in Naira currency. It was a welcome development, which many expected would be different from several online payment problems, but it turned out to be disappointing like many others.

Implementing Dynamic Currency Conversion (DCC), the Facebook ad rates shown in Naira made no difference because advertisers would still end up being charged at parallel market rates, as opposed to the displayed amount. This must be why most Nigerian banks blocked such transactions by default, to avoid any issues with discrepancies in debits.

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But now there’s good news

Speaking during a Social Media Week event today in Lagos, Chris Cox, Chief Product Officer at Facebook, confirmed that Nigerians can now make use of their Naira cards to pay for Facebook ads. Said Chris:

Chris Cox

The level of innovation we see in this market is amazing, as Africa’s most populous company, Nigeria is an important market for us.

So it comes as no surprise that Facebook has finally found a way to enable Naira payments for Facebook advertisers.

 

Therefore, whatever your budget and ad duration, be assured that you can now pay with your Naira card without incurring additional charges.

Have you tried paying for Facebook ads in Naira? Please share your experience in the comments section below. 

Tobiloba Fadoju
Tobiloba Fadoju

Writer at Techpoint.ng

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Slim T • TripCity
Slim T • TripCity
5 years ago

Yes you can enable in naira, but no you can’t still make payment using naira debit cards, you will get the DCC declined error. Only PayU works currently giving you accurate exchange rates but only new facebook ad accounts can do this if they are lucky. another option is to open a paypal account and link your naira debit card. this will save you the hassle of opening a dorm account with a limit cap of 100$. If facebook is really keen on keeping their nigerian market they better come up with a convinient solution or they stand to lose free money. This is it !

Mosh
Mosh
Reply to  Slim T • TripCity
5 years ago

You can also create a new advert account, ensure you select NG as country and NGN as currency. With this, you should be able to pay using your local Mastercard and VISA.

Slim T • TripCity
Slim T • TripCity
Reply to  Mosh
5 years ago

I have already done this. It does not work. Payu option does not get listed only master card and paypal.

Mosh
Mosh
Reply to  Slim T • TripCity
5 years ago

Send a mail to @PayU.com.ng">sales@PayU.com.ng and @PayU.com.ng">support@PayU.com.ng. You will get a response from PayU on Monday as regards how to go about it. It isn’t difficult unless if the account in question is a business account then that’s a different thing entirely, Facebook may need to completely whitelist the account. But I can confirm to you that creating a new ad account does work, I have helped people on this and they do confirm it works.

Slim T • TripCity
Slim T • TripCity
Reply to  Mosh
5 years ago

Created 2 new ad accounts which didn’t work, then created a business account and added those accounts whuch still didn’t work. I have also email payu and made calls with them. They too are surprised mine isn’t working. Facebook help Center says its because my account is too old so theres nothing they can do which is believe does not make sense. At this point if it’s something you can help me with i really don’t mind at all.

Mosh
Mosh
Reply to  Slim T • TripCity
5 years ago

Will if I can help. Send me the details of the account you want to use, the email address to my mail address (moshood.aminu@gmail.com)

Festus Oluwtemyo
Festus Oluwtemyo
Reply to  Mosh
5 years ago

Moshood please help a brother… I need to start paying in Naira

AJ
AJ
5 years ago

You guys made me lost my over 5 years old USD AD Account only to be presented with a DCC NGN AD account.
Though i later found a way to get the CashU option without opening a new Facebook account, but i did this at the expense of my USD AD account.
Blamed myself for trusting Techpoint on this, I really don’t trust non-investigative journalism, thought you guys were different.

Ebeghonbhen
Ebeghonbhen
5 years ago

I tried, dis is what I got, all d options in foreign currency. So where d you get your own screenshot???comment image

temple God
temple God
4 years ago

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Meelee Fox
Meelee Fox
4 years ago

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Dan Dan
Dan Dan
4 years ago

Nice article up there.
https://www.techliet.co/

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