This is Uber’s fault!
Up until yesterday, my dollar card was attached to my Uber account. I had to reserve the few dollars I had to pay for more important things. So I decided to switch over to my Naira Master Card and that’s when I noticed this nonsense. Uber sent me a receipt in Naira using official CBN rate (199), then charged my Naira MasterCard in dollars, and my bank used a rate of 270, that’s a whooping 35% difference.
Why do I think this is Uber’s fault? On their site, rates are displayed in Naira, there is no message on conversion rate or possible fluctuations in prices due to forex rates, receipts are sent in Naira, estimated costs are in Naira, then they go ahead to charge in dollars!
Many of us make payments for goods and services online in dollars, but that’s it, dollars. You quote dollars, I pay dollars. You quote Naira, then I should pay Naira.
Personally I’ve sworn off Uber. I am going back to those taxi men that have given me their numbers.