To date, the virtual dollar card service known as the Barter card has been discontinued by Flutterwave, a fintech startup. The news was delivered to clients via an email sent out by the business earlier today.
As a result, users in Nigeria won't be able to deal in dollars on the platform. Many Nigerians who use the service to buy goods and services outside the nation would be negatively impacted by this event.
Because of "an upgrade from our card partner," the card service will be unavailable for an extended period, according to the business.
What they are saying
Flutterwave is a message to its customers: “We are writing to inform you that effective Sunday, 17th July 2022, all our Virtual Dollar cards will be unavailable for any transactions and purchases. This is due to an update from our card partner, which will cause the card service to be unavailable for an extended time.
“Here is a breakdown of what to expect from 17th July: You will be unable to make online and in-store payments and purchases using your Virtual Dollar Card(s); You will be unable to fund existing Virtual Dollar Card(s); Your existing Virtual Dollar Card(s) will be terminated, and the corresponding balance will be credited to your payment balance; You will be unable to create new Virtual Dollar Card(s).”
Customers were encouraged to use an alternative payment option and unlink their Dollar Card(s) from regular payments. At the same time, Flutterwave worked with its card partner to restore the service as quickly as possible.
Most merchant websites with the MasterCard brand accept the Barter card as a payment method. Payments and purchases made using the Barter USD card may be made on a wide range of worldwide payment sites such as Uber, Google Play, Apple Music, and Asos.