Good afternoon to the Binancians of Venezuela, very interesting post, I suggest you pay close attention.
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eliezerpichu
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Why isn't my International Card from BDV working on BPay?
It's one of the most frequently asked questions, if not the most common these days.
There are several reasons why your international card might not be going through, and they relate to different areas:
1- Activation Issues: as obvious as it may seem to some, your international card needs to be activated for online purchases where you plan to use it. You can activate it through BDV online or the app, just remember it will automatically deactivate after 24 hours.
2- Limit Issues: this is where many people get stuck:
NOTE: We’re not discussing the daily dollar purchase limit within BDV's digital intervention, which is currently set at $7000.
a) We need to understand that the BDV international card not only has a processing fee of 2.5% for making a payment (that is, at the time of payment), so you need to have an additional 2.5% in your dollar account or deduct 2.5% from the total amount.
b) It also has a daily limit of 2000$ and a monthly limit of $10000; if you hit that daily limit or have been processing payments for several days and reached the monthly limit, it’s highly unlikely that you can process the payment no matter how hard you try.
3- Liquidity Issues: many don’t understand this point, but even if you buy digital dollars within the bank, it doesn’t always mean you can use them immediately. I know it sounds illogical, but even if you see a number in your app (your balance), that digital dollar is a liability for the bank. Bank liquidity is the ability of that entity to convert its own assets (not your funds directly) to cover mass withdrawals or transfers that all users request at the same time. Often, the bank doesn’t have the liquidity to cover the movements of all users, so you will need to wait while they convert their assets to meet the users' transaction needs.
It's one of the most frequently asked questions, if not the most common these days.
There are several reasons why your international card might not be going through, and they relate to different areas:
1- Activation Issues: as obvious as it may seem to some, your international card needs to be activated for online purchases where you plan to use it. You can activate it through BDV online or the app, just remember it will automatically deactivate after 24 hours.
2- Limit Issues: this is where many people get stuck:
NOTE: We’re not discussing the daily dollar purchase limit within BDV's digital intervention, which is currently set at $7000.
a) We need to understand that the BDV international card not only has a processing fee of 2.5% for making a payment (that is, at the time of payment), so you need to have an additional 2.5% in your dollar account or deduct 2.5% from the total amount.
b) It also has a daily limit of 2000$ and a monthly limit of $10000; if you hit that daily limit or have been processing payments for several days and reached the monthly limit, it’s highly unlikely that you can process the payment no matter how hard you try.
3- Liquidity Issues: many don’t understand this point, but even if you buy digital dollars within the bank, it doesn’t always mean you can use them immediately. I know it sounds illogical, but even if you see a number in your app (your balance), that digital dollar is a liability for the bank. Bank liquidity is the ability of that entity to convert its own assets (not your funds directly) to cover mass withdrawals or transfers that all users request at the same time. Often, the bank doesn’t have the liquidity to cover the movements of all users, so you will need to wait while they convert their assets to meet the users' transaction needs.