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kenyan bank cards for online shopping
Rank: New-farer Joined: 9/25/2017 Posts: 46 Location: Kenya
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Hello wazuans am looking forward to do some online shopping from international vendors, which is the most convenient widely accepted Kenyan bank card to use between KCB Pepea Prepaid Mastercard, CBA loop (Mastercard), Safaricom I&M Mpesa Visa Card and Equity visa/ master cards.kindly advise me on the best bet choice that can guarantee a smooth online payment process with fewer no hitches at all
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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Eavns wrote:Hello wazuans am looking forward to do some online shopping from international vendors, which is the most convenient widely accepted Kenyan bank card to use between KCB Pepea Prepaid Mastercard, CBA loop (Mastercard), Safaricom I&M Mpesa Visa Card and Equity visa/ master cards.kindly advise me on the best bet choice that can guarantee a smooth online payment process with fewer no hitches at all Just get any pre paid card that is Visa or Mastercard branded and you are ready to go. Then just load the approximate amount of the purchase you intend to make. That way, no risk of fraud "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: New-farer Joined: 9/25/2017 Posts: 46 Location: Kenya
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Gathige wrote:Eavns wrote:Hello wazuans am looking forward to do some online shopping from international vendors, which is the most convenient widely accepted Kenyan bank card to use between KCB Pepea Prepaid Mastercard, CBA loop (Mastercard), Safaricom I&M Mpesa Visa Card and Equity visa/ master cards.kindly advise me on the best bet choice that can guarantee a smooth online payment process with fewer no hitches at all Just get any pre paid card that is Visa or Mastercard branded and you are ready to go. Then just load the approximate amount of the purchase you intend to make. That way, no risk of fraud @Thanks @Gathige for enlightening me on that i do appreciate .
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Rank: Member Joined: 6/6/2016 Posts: 165 Location: Nairobi
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the Nakumatt global card used to work well but it has been discontinued, no new stock of cards. The I&M card works very well. Another secure way to do online shopping is to attach the card to your paypal account and use paypal to pay while doing the shopping..be careful of the mechanics of exchange rates when loading the card and when making payment..it can be shocking..
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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eBay tends to reject these prepaids, for some reason (caused me to be banned for late payment), so I resorted to paypal but one loses 4.44% to paypal and the exchange rate seems to be 109 to the dollar!!! SO I am thinking credit cards are the way to go For investors as a whole, returns decrease as motion increases ~ WB
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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if you're not resisting, get a usd credit card fromm CBA If Obiero did it, Who Am I?
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Swenani wrote:if you're not resisting, get a usd credit card fromm CBA hahaha... Kwanza tuapishe baba leo, then I will unresist For investors as a whole, returns decrease as motion increases ~ WB
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Rank: New-farer Joined: 9/25/2017 Posts: 46 Location: Kenya
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Swenani wrote:if you're not resisting, get a usd credit card fromm CBA Hey @swenani must you have an account with cba so as to get the Usd credit card ?
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Rank: New-farer Joined: 9/25/2017 Posts: 46 Location: Kenya
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snifadog wrote:the Nakumatt global card used to work well but it has been discontinued, no new stock of cards. The I&M card works very well. Another secure way to do online shopping is to attach the card to your paypal account and use paypal to pay while doing the shopping..be careful of the mechanics of exchange rates when loading the card and when making payment..it can be shocking.. @Snifadog have you used the I&m card and what your experience with the card so far I haven't heard any major complains about this card.
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Eavns wrote:Swenani wrote:if you're not resisting, get a usd credit card fromm CBA Hey @swenani must you have an account with cba so as to get the Usd credit card ? No, atleast for the platnum credit card but you should demonstrate that you have an income in a hardcurrency If Obiero did it, Who Am I?
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Rank: New-farer Joined: 9/2/2017 Posts: 31
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winmak wrote:eBay tends to reject these prepaids, for some reason (caused me to be banned for late payment), so I resorted to paypal but one loses 4.44% to paypal and the exchange rate seems to be 109 to the dollar!!! SO I am thinking credit cards are the way to go How are you losing 4.4% via paypal? Whenever I have used it, over a decade now, it has been charging the fees/commissions to the merchants, NOT the buyer. However, after some transaction ceiling is reached, you have to verify your details (KYC) stuff (upload documents to verify identity). But Kenyan banks' exchange rates usually have a big spread between buying and selling rates. Watakunyonya hapo, even though paypal nowadays has the alternative to choose their exchange rate (charge card in kshs) or choose the bank's rate (charge card in transaction currency). A prepaid card that I have been using (also for a decade or so), with no issues so far, is Payoneer (a Mastercard). You can have one denominated in USD, Euro, or GBP. If you have income being paid via it in these currencies, you can get approved for other services like mass payments and linking to a U.S. checking account. The checking account can allow you to deposit funds from Paypal to the Card. But the card has maintenance charges that depend on activity and commissions charged on transactions. Their exchange rates are based on mastercard-published rates. However, a lot of regulation on such cards coming up in the EU, and lately, as per recent terms updates, I am not sure whether new accounts have the capability to get linked to the checking account.
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Rank: New-farer Joined: 9/25/2017 Posts: 46 Location: Kenya
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Cv254K wrote:winmak wrote:eBay tends to reject these prepaids, for some reason (caused me to be banned for late payment), so I resorted to paypal but one loses 4.44% to paypal and the exchange rate seems to be 109 to the dollar!!! SO I am thinking credit cards are the way to go How are you losing 4.4% via paypal? Whenever I have used it, over a decade now, it has been charging the fees/commissions to the merchants, NOT the buyer. However, after some transaction ceiling is reached, you have to verify your details (KYC) stuff (upload documents to verify identity). But Kenyan banks' exchange rates usually have a big spread between buying and selling rates. Watakunyonya hapo, even though paypal nowadays has the alternative to choose their exchange rate (charge card in kshs) or choose the bank's rate (charge card in transaction currency). A prepaid card that I have been using (also for a decade or so), with no issues so far, is Payoneer (a Mastercard). You can have one denominated in USD, Euro, or GBP. If you have income being paid via it in these currencies, you can get approved for other services like mass payments and linking to a U.S. checking account. The checking account can allow you to deposit funds from Paypal to the Card. But the card has maintenance charges that depend on activity and commissions charged on transactions. Their exchange rates are based on mastercard-published rates. However, a lot of regulation on such cards coming up in the EU, and lately, as per recent terms updates, I am not sure whether new accounts have the capability to get linked to the checking account. Thanks for sharing n enlightening us on the cards
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Cv254K wrote:winmak wrote:eBay tends to reject these prepaids, for some reason (caused me to be banned for late payment), so I resorted to paypal but one loses 4.44% to paypal and the exchange rate seems to be 109 to the dollar!!! SO I am thinking credit cards are the way to go How are you losing 4.4% via paypal? Whenever I have used it, over a decade now, it has been charging the fees/commissions to the merchants, NOT the buyer. However, after some transaction ceiling is reached, you have to verify your details (KYC) stuff (upload documents to verify identity). But Kenyan banks' exchange rates usually have a big spread between buying and selling rates. Watakunyonya hapo, even though paypal nowadays has the alternative to choose their exchange rate (charge card in kshs) or choose the bank's rate (charge card in transaction currency). A prepaid card that I have been using (also for a decade or so), with no issues so far, is Payoneer (a Mastercard). You can have one denominated in USD, Euro, or GBP. If you have income being paid via it in these currencies, you can get approved for other services like mass payments and linking to a U.S. checking account. The checking account can allow you to deposit funds from Paypal to the Card. But the card has maintenance charges that depend on activity and commissions charged on transactions. Their exchange rates are based on mastercard-published rates. However, a lot of regulation on such cards coming up in the EU, and lately, as per recent terms updates, I am not sure whether new accounts have the capability to get linked to the checking account. I got invoiced by some Chinese company after shopping on Ali Baba and PayPal clearly alerted me of a 4.44% service charge. Unless you are on some premium account that doesn't levy this For investors as a whole, returns decrease as motion increases ~ WB
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Rank: New-farer Joined: 9/2/2017 Posts: 31
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winmak wrote:I got invoiced by some Chinese company after shopping on Ali Baba and PayPal clearly alerted me of a 4.44% service charge. Unless you are on some premium account that doesn't levy this I don't think it has anything to do with type of account. I think the Chinese Company you dealt with loaded the Paypal merchant fees ( see merchants fees here) on the price, like the way someone would quote prices exclusive of VAT, but you eventually pay VAT inclusive prices. In all stuff I have bought (eBay, Alibaba), The sellers I have bought from usually have factored such fees in their pricing, and thus I do not pay additional fees above the displayed prices.It could be less costly for Chinese merchants to use other processors (like Alipay, Alibaba's paypal competitor) on Alibaba, and thus they could have an incentive to make you choose the alternatives. But the only reason I use Paypal instead of using the cards 'directly' for shopping is security - card fraud.
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Rank: New-farer Joined: 9/25/2017 Posts: 46 Location: Kenya
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