To successfully run Facebook Ads in Nigeria, you are expected to know if the billing currency on your Facebook ads manager or business manager is in dollar or Naira.
That is the only way you can be allowed to pay for Facebook advertising in Nigeria, without the need for MasterCard in Dollars and other rigorous demands.
Most Nigerian debit cards will only work for Facebook ads payment if your Facebook ads currency is set to dollars. The Facebook Naira to dollar exchange rate applies when Facebook deducts the Naira equivalent of the dollars spent from your Nigerian debit card.
If you are using a dollar card ; for instance GTBank dollar card or Payoneer Mastercard, no conversion is involved. Facebook deducts the exact dollars you owe from the cards.
If your Facebook ads account currency is set to Naira, most of those Nigerian cards will not work as Facebook will not be able to bill them.
Nevertheless, you will be able to add money to your Facebook ad account using most Nigerian ATM Visa and Mastercards via the PayU payment method.
You can check it when you click here to check if your Facebook ads account currency is dollars or Naira.
How to Chose Currency for Facebook Ads Account
If you use Naira Facebook ad account, you will have to be adding money to the account before you can advertise. Facebook deducts from the prepaid balance.
Dollar Facebook ad account doesn’t work this way, no prepaid balance. You can run ads and the charges will be deducted later from your card.
Now, which one do you prefer to be your prefer?
Important Post: How I Pay for Facebook Ads in Naira