Facebook Ads now accepting Nigerian Naira Payments

Posted by Osaze Osoba | January 18, 2017 | Agency Tips, How To's, News, SME Tips, Social

Anyone in the digital marketing space would know that this had become a huge problem for brands and clients. Dollar ad accounts didn’t make it easy at all for us to make payments. First there was the $100 restriction by banks on their cards, which meant that paying $500 needed 5 cards! Just last week, I had to somehow get 30 cards to make payments online.

But thanks to a tip from¬†Subomi Plumptre of the Facebook group “Silicon Africa“, I got a tip that Facebook might have started taking Naira payments. Sure enough, tried it out just now and I have a N100 balance on my account.

Start paying for Facebook ads in Naira instead of Dollars! Check this post out to see how it worksClick To Tweet

How it works

1. You’d have to create a new ad account that is naira denominated. If you have a Facebook business account, this should be easy. Just setup a new ad account and choose the Naira option.

naira account setup

 

2. When you get to the payment method modal, be sure to select PayU as the payment method.

payment method

 

3. Once you have this selected, proceed to enter your card details. PayU accepts both MasterCard and VISA debit cards. The only catch is the 3DS screen that comes up. If you’ve shopped on Quickteller recently, you’d likely be familiar with it. For MasterCard users, you’d need to put in your one time OTP to complete the transaction. Here’s what that page looks like

3DS

money added

A few things to note

  1. Naira payments have to be prepaid. You wouldn’t be billed as you go, rather, you’d fund your account and then run it from there
  2. Your Naira account isn’t a dollar account that has been converted to Naira, so no DCC issues with the banks are encountered
  3. Still based on the previous point, your campaigns are now directly charged in Naira. So if you were using $1 / click before now, don’t convert and assume it’ll be N500/click or N320/click, you’d need to check to see what your new charges are like. Once you have this, you have a baseline moving forward
  • Was this article helpful?
  •    
Osaze Osoba
About The Author

Osaze Osoba

Osaze is an engineer by design, but he bailed for Marketing. Probably one of the only guys you know who'd insure his laptop. He's that much of a geek, but he denies it. He also loves scientific advertising and trains a lot.

Blog Comments

I don’t have PayU under my Payment Method. Is there any way you can be of help?

Osaze Osoba

Hi Bolanle,

The trick is to create a new account instead of trying to change your old account to Naira. Create a new Facebook user, use that user account to create a new ad account, selecting Nigerian Naira as the payment option, and you should be good.

Let me know if you run into any more issues

Leave a Reply

Related Blogs

instagram-direct-ads
Posted by Adeola Alokolaro | June 14, 2017
New Direct Response Ad Options Within Instagram Stories
Run direct response ads on Instagram Stories. Get details of the all new ad channel
a complete guide to online payment gateways
Posted by Osaze Osoba | May 15, 2017
The complete guide to online payment gateway systems in Nigeria
A complete and detailed guide to Nigerian online payment gateway systems. Including charges and plugins
beginners guide to Facebook advertising
Posted by Osaze Osoba | May 15, 2017
New Facebook feature lets you share ad previews with clients seamlessly
No more need for screenshots. Send interactive ad previews to your clients from Facebook ads manager
Hey There!
Need More Marketing Tips?
Get 100% Free Advise Every Week
And The Most Popular Topics On Our Forum!
Yes, Send it Over!
No Thanks!

DOWNLOAD OUR FREE SOCIAL MEDIA CALENDAR TEMPLATE

Download this free social media calendar template to plan all your Facebook, Instagram, Twitter and LinkedIn posts easily!
DOWNLOAD
Created by the Localized Digital team.
101 Shares
Share91
Tweet9
Share
+11
Email