Imagine being told you can only spend $20 a month on anything outside your country—not $200, not even $50—just $20. That’s the shocking reality for millions of Nigerians today, thanks to strict central bank regulations on international spending. But here’s where it gets interesting: while traditional banks have their hands tied, an innovative solution called EverTry is changing the game for Nigerians who need to make international purchases.
Whether you’re a student trying to pay for online courses, an entrepreneur sourcing products globally, or just someone who wants to subscribe to Netflix without headaches, this guide shows you how a virtual dollar card could be your ticket to financial freedom in the digital age.
$20 per month limit
In Nigeria, the Central Bank of Nigeria (CBN) has placed a $20 per month limit on international spending on debit and credit cards. This means that Nigerians who use their local bank cards for international transactions, such as online shopping, can only spend up to $20 per month. While this limit was initially imposed to reduce the demand for foreign currency and promote local industries, it has significantly impacted the ability of Nigerians to shop and pay for goods and services in the international market.
The $20 per month limit places significant limitations on users who rely on international transactions for their businesses or personal needs. For example, entrepreneurs who rely on importing goods from overseas are unable to purchase products that exceed $20 per month, which severely limits their ability to run their businesses effectively. This also affects Nigerians who travel internationally and need to pay for services such as hotels, flights, and other expenses that exceed $20 per month.
Furthermore, the limit places an unnecessary burden on Nigerians who need to access essential services that are only available internationally. For instance, students who study abroad may require access to international resources and services that cost more than $20 per month. The limit also hinders access to global e-commerce platforms, which limits the variety of goods and services available to Nigerian consumers.
Moreover, the $20 limit is not enough to cover currency conversion and transaction fees that come with international purchases. This means that users are often charged additional fees, which may result in them not being able to make any transactions at all.
In the end, the $20 per month limit on international spending in Nigeria severely limits the ability of Nigerians to participate in the global market.
EverTry dollar card
EverTry, a fintech company that helps people make payments online without breaking a sweat, has stepped in to fill this need by providing virtual dollar cards to Nigerians. In this blog post, we will explore how to get an EverTry virtual dollar card in Nigeria, what the requirements are, and the benefits of using an EverTry virtual dollar card for online transactions.
We will also discuss the fees associated with EverTry virtual dollar cards and how to use them for online purchases. So, if you are looking for a convenient, safe, and secure payment method for your online transactions, keep reading to learn more about EverTry virtual dollar cards.
Why Use an EverTry Virtual Dollar Card?
Using an EverTry virtual dollar card has numerous benefits for Nigerians looking to participate in the global market. Here are some of the key advantages of using an EverTry virtual dollar card:
- Best Exchange Rates: EverTry offers some of the best exchange rates in Nigeria, making it an ideal option for those looking to make international transactions without the high currency conversion fees charged by traditional banks.
- Global Acceptance: EverTry virtual dollar cards are accepted worldwide, giving users access to a wide range of international products and services.
- 24/7 Access: With an EverTry virtual dollar card, users can access their accounts and manage their cards 24/7 from their mobile devices or computers.
- Card Management: The EverTry virtual dollar card comes with advanced card management features that allow users to freeze, block, withdraw, fund, and top up their cards instantly from their mobile devices.
- Fast Issuance of Card: The issuance of an EverTry virtual dollar card is fast and easy. Once users have registered for an account, they can apply for their virtual dollar card and receive it within minutes.
- Visa Partnership: EverTry’s virtual dollar card is issued in partnership with Visa, a world-leading payment technology company trusted by millions globally. Visa’s robust security infrastructure and advanced fraud protection systems ensure your transactions are protected around the clock. Plus, cardholders can enjoy exclusive Visa perks, including special discounts on travel bookings, retail purchases, and access to Visa’s extensive rewards program that spans across continents.
- Mastercard Brand: EverTry’s virtual dollar card is issued in partnership with Mastercard, a globally recognized payment brand known for its security and reliability. The use of Mastercard also means that users can access Mastercard’s special offers and discounts worldwide.
Using an EverTry virtual dollar card offers numerous benefits to Nigerians looking to participate in the global market. With the best exchange rates, global acceptance, 24/7 access, advanced card management features, and fast issuance of the card.
EverTry’s virtual dollar card is an ideal payment option for those looking to make international transactions securely, conveniently, and cost-effectively.
How to Get an EverTry Virtual Dollar Card
Getting an EverTry virtual dollar card is a quick and easy process that can be completed in under 5 minutes. Here are the steps involved:
- Signup: Sign up for an account using your Gmail or Yahoo account. You will need to provide some basic information to create your account.
- Complete KYC: To use an EverTry virtual dollar card, you will need to complete your KYC (Know Your Customer) verification. This involves providing some personal information, such as your name, address, and identification documents, to comply with regulatory requirements.
- Fund your Naira Wallet: Once you have completed your KYC verification, you will need to fund your Naira Wallet. This can be done via bank transfer or debit card payment, and the funds will be converted to US dollars at the best exchange rate available.
- Create your card: After funding your Naira Wallet, you can create your virtual dollar card by selecting the “Create Card” option in your account dashboard. You can choose to create a physical or virtual card, and your card details will be generated instantly.
- Start using your card: Once your card has been created, you can start using it immediately for international transactions. The advanced card management features provided by EverTry allow you to easily manage your card and monitor your spending.
Getting an EverTry virtual dollar card is a simple and fast process that can be completed in just a few minutes. By signing up, completing KYC, funding your Naira Wallet, and creating your card, you can start using your virtual dollar card for international transactions quickly and conveniently.
How to Use an EverTry Virtual Dollar Card
Using an EverTry virtual dollar card is a secure and convenient way to make international transactions. Here are the steps to using an EverTry virtual dollar card:
- Activate your card: After creating your virtual dollar card, ensure that it is activated and ready for use. You can check the status of your card on your account dashboard.
- Load funds onto your card: To use your virtual dollar card, you will need to transfer funds from your Naira Wallet to your virtual card. The funds will be converted to US dollars at the best exchange rate available.
- Use your card for online transactions: An EverTry virtual dollar card can be used to make purchases and payments online. The card details, including the card number, expiration date, and security code, can be entered at checkout when prompted. The card is accepted by various platforms and services, such as:
- Apple Music
- Spotify
- PayPal
- Google Pay
- Facebook Ads
- Udemy
- Namecheap
- GoDaddy
- Bluehost
- Amazon
- Aliexpress
- HBO
- Netflix
- Google Cloud
- Monitor your spending: It’s essential to keep track of your spending by logging into your EverTry account dashboard regularly. This will enable you to check your transaction history, monitor your card balance, and set up alerts to notify you of any suspicious activity.
- Manage your card: EverTry’s advanced card management features make it easy to manage your virtual dollar card from your account dashboard. You can freeze or block your card if you suspect fraudulent activity, withdraw funds from your card, and top up your card balance.
In conclusion, an EverTry virtual dollar card provides a seamless and secure international payment experience. By activating your card, loading funds onto it, using it for online transactions on various platforms and services, monitoring your spending, and managing your card from your account dashboard, you can easily make international transactions hassle-free.