Recently, I was at a free “Boost Your Business” training organised by She Leads Africa and Facebook. The class focused on how to use Facebook tools to grow one’s business. It was a great time to meet other people and learn something new.
And yes, it was worth it.
One of the questions asked after the training was how to pay for Facebook adverts. Apparently, paying for Facebook ads has not been a smooth process for many users.
While Facebook started showing advert rates in Naira last year, there has been complaints of paying in naira. It is believed the rates shown are as a result of Dynamic Currency Conversion (DCC) which differs from bank rates. In the light of this, paying for ads in naira has been almost non-existent.
Another hindrance to paying for ads is the naira-dollar fluctuations. Certain banks have totally barred their debit cards from international transactions. Those who allow transactions place monthly restrictions or may take some time before they go through. Therefore, even if your FB advert rate is in dollar, your bankcard may still be rejected.
1. Using a dollar –denominated debit card
Since the mountain cannot come to us sometimes, we have to go to the mountain. In this case, we can stick to paying for ads in dollars by using a dollar debit card. There are two ways to do this. You can either:
a. Get a prepaid dollar debit card
b. Open a dorm account and ask for a dollar debit card
a. Getting a prepaid dollar debit card
With a prepaid dollar debit card, you pay into the card (in naira) at a certain exchange rate. The money in the card (now in dollars) can be used to pay for goods and services online. Not all banks offer this service and some who do may you the card is out of stock due to low patronage. In any case, confirm from your bank if they offer prepaid dollar cards. I was able to look up those for Stanbic IBTC and Access bank.
b. Opening a dom account
A domiciliary account is a bank account denominated in a foreign currency. The popular currencies for dom accounts in Nigeria are dollars, British pounds and euros. You can visit the nearest bank to open one. Typical requirements to open a dorm account include:
- Valid ID
- Utility bill
- Passport Photograph
You may be asked to deposit some money after opening the account. To get the debit card, you’ll indicate it when filling the form. Bank charges may apply.
2. Using naira debit cards
With naira debit cards, you pay the naira equivalent of the dollar price. Bank rates at the moment are around ₦375 to a dollar, As stated earlier, most banks barred their cards from international transactions. For now, the best bets are Access Bank Visa card and GTB MasterCard. I spoke to a friend and he told me he used either of the two options for his Facebook ads.
A distant third would be UBA MasterCard, which is rumoured to work best at certain times of the day.
Paying with PayU
PayU is a payment gateway that allows you to prepay your Facebook ads account. With PayU, you pay in naira which is preloaded into your ads account. From there, you may decide how you want to use the funds until it is exhausted. The option to pay via PayU may not show if you change the currency of your Facebook ad account. Creating a new Facebook ad account may not bring the option either.
A remedy to this is to create another Facebook profile and a new advertising profile tied to PayU. You may then make your old Facebook account an advertising admin to run ads with it.
PayU is perhaps the only option of the above which allows paying for Facebook ads shown in naira. Others require you to pay the naira equivalent of the dollar rates.
These are some of the surest ways to pay for your Facebook ads in Nigeria today. Please share if you pay for Facebook ads using other methods using the comment box below.
Please I’ve tried everything. I’ve changed my currency (did that before I read an article saying I should not). I’ve read so many other articles since then and I’ve followed all instructions to the letter. Still I can’t find any payu payment option. I’m exhausted. My goods are wasting and I need to start running ads soonest. I tried creating another fb account twice and I successfully made one an admin but Facebook took down both accounts for reasons unknown to me (they said suspicious activity in one). I’m scared of creating a third so they don’t bring down my real account. Please what can I do?
Sorry to hear that this is not working out for you. Can you try out other channels such as Instagram influencers?
buy tadalafil 40mg generic order tadalafil 5mg for sale where to buy otc ed pills
tadalafil 20mg pills best cialis sites online buy ed pills cheap
order cefadroxil 250mg proscar 1mg brand proscar usa
cefadroxil 500mg us buy duricef pills cheap finasteride 5mg
cost fluconazole cipro cost cheap ciprofloxacin 500mg
buy estradiol online estrace brand prazosin 2mg price
generic diflucan 200mg ciprofloxacin 1000mg generic cipro 1000mg cheap
buy estrace 2mg without prescription buy estrace 2mg for sale buy generic prazosin
order metronidazole 200mg order keflex online cheap cephalexin tablet
order vermox online cheap tretinoin gel canada generic tadalafil 10mg
buy flagyl without prescription buy keflex 500mg pill cheap keflex 250mg
purchase mebendazole online mebendazole medication buy tadalis 20mg
cleocin 300mg uk buy erythromycin no prescription sildenafil 100mg without prescription
buy avanafil 200mg for sale order tadacip 10mg online cheap cheap voltaren 50mg
buy indocin without prescription cefixime canada buy cefixime 100mg generic
nolvadex 10mg over the counter purchase rhinocort pill order ceftin 500mg pill
buy amoxicillin 500mg online order anastrozole 1mg generic clarithromycin pills
careprost ca purchase desyrel purchase desyrel pills
buy generic trimox for sale buy clarithromycin 250mg without prescription buy generic clarithromycin 500mg
buy bimatoprost sale buy cheap careprost order trazodone generic
clonidine 0.1 mg cheap purchase tiotropium bromide online cheap purchase tiotropium bromide
suhagra 100mg ca sildenafil 150mg for sale sildenafil 25 mg
buy clonidine without prescription antivert 25mg generic tiotropium bromide 9mcg oral
buy sildenafil sale suhagra for sale online buy sildalis generic
buy minocin 100mg pills order actos buy pioglitazone paypal
purchase minocin for sale buy minocycline 100mg generic actos buy online
isotretinoin 40mg pill buy accutane 20mg without prescription azithromycin generic
brand leflunomide 20mg buy azulfidine 500mg brand azulfidine
isotretinoin 10mg usa accutane 40mg oral azithromycin over the counter
leflunomide 10mg usa buy viagra 100mg pill order sulfasalazine 500mg pill
cialis 20mg brand viagra over the counter tadalafil without a doctor’s prescription
order azithromycin 500mg sale buy neurontin 100mg generic buy cheap generic neurontin
buy tadalafil 5mg pill usa viagra overnight order cialis 10mg without prescription
order azithromycin generic buy prednisolone pills order gabapentin 800mg
stromectol ebay prednisone 5mg cheap prednisone sale
levitra price buy generic levitra for sale plaquenil 400mg cost
ramipril cost buy altace 5mg for sale etoricoxib uk
altace online order order ramipril 10mg generic buy etoricoxib 60mg without prescription
buy vardenafil 10mg generic buy generic vardenafil online plaquenil 400mg tablet
asacol ca buy avapro tablets irbesartan 150mg oral
cheap vardenafil 10mg buy plaquenil 400mg for sale order plaquenil
buy asacol order mesalamine 800mg for sale irbesartan 150mg pill
how to buy benicar order verapamil 120mg without prescription divalproex 250mg pill
buy temovate buspar 10mg tablet order amiodarone 200mg pills
benicar 20mg generic depakote 250mg uk buy generic depakote for sale
purchase carvedilol generic buy aralen buy generic chloroquine 250mg
purchase diamox pill generic imuran 50mg azathioprine for sale
order diamox 250 mg pills imuran 25mg for sale order imuran 25mg online
carvedilol over the counter buy carvedilol 25mg generic purchase chloroquine for sale