How to pay for instagram ads in nigeria (Instagram Post)

It’s up to you how much you want to spend on your Instagram ad. You’ll choose a total budget, which is the total amount you want to spend on the ad. You’ll also set a duration for your ad, which is the number of days you want your ad to run. Bear in mind that you’ll never spend more than the total budget that you have set.
When you’ll pay for your ads depends on how you pay for them. You can select a payment method at the end of setting up your first ad on Instagram. The payment method that you select determines your payment settings. There are two main payment settings for Instagram ads:

Automatic payments:

We’ll automatically charge you whenever you spend a certain amount, known as your billing threshold, and again on your monthly bill date for any leftover costs. This is how you’ll pay if you use PayPal or most credit and debit cards to purchase ads.

Manual payments: 

You’ll add money to your account first and then we’ll deduct from that amount up to once a day as you run ads. This is how you’ll pay if you use a manual payment method (e.g. PayTM) to purchase ads. With manual payments, you won’t have a billing threshold.

You can also delete a boosted Instagram post at any time to stop paying for the ad.

If you didn’t find your answer in this article, please contact our payments support team here.
The following payment methods are accepted on Instagram:
  • Credit cards and co-branded debit cards (American Express, Discover, Mastercard and Visa)
  • PayPal
  • Local manual payment methods in India, Indonesia, Thailand and Vietnam
The payment methods available to you vary depending on the country and currency of your ad account.
If you didn’t find your answer in this article, please contact our payments support team via IG.
Note that information about payment options on Facebook ads is relevant to Instagram ads as well.

Accepted payment options
You can pay for Facebook ads with the following payment methods:
  • Credit cards or co-branded debit cards, including:
    • MasterCard
    • Visa
  • PayPal in one of their accepted currencies
  • Local manual payment methods, including:
    • Nigerian Banks local card

      Accepted payment options

You can pay for Facebook ads with the following payment methods:
  • Credit cards or co-branded debit cards, including:
    • American Express in one of their accepted currencies
    • Mastercard
    • Visa
  • Local manual payment methods, including:
    • NetBanking
    • PayTM Wallet
    • UPI
    • No-cost EMI

    Note: The manual payment method will only be available if the country of your ad account is set to India and your currency is set to the Indian rupee (INR). Also, you’ll only be able to add a manual payment method if you choose one when you first set up your ad account. 
Account spending limits for post-paid (credit cards, debit cards, PayPal or local manual payment methods)
An account spending limit is an adjustable lifetime limit on the amount that your Instagram account can spend across all of the ads you’re running from the time the limit is set. Setting an account spending limit can be a helpful way to control your costs and to make sure that you don’t spend more on ads than you want to. By setting an account limit that reflects your overall advertising budget, you can achieve the best results for your business.
Once you’ve created an account spending limit, you’re able to track how much money you’re spending towards it in your ad payments settings. Although your account spending limit doesn’t affect the delivery or performance of your ads, when the amount spent reaches your current limit, your ads pause and stop spending money. You receive a notification when you’ve reached your limit.
As an example, let’s say that at the beginning of the month, you set your account spending limit to USD 100 to match your monthly advertising budget. As you run your ads throughout the month, your amount spent rises until you reach the current limit of USD 100. All of your ads pause and we send you a notification informing you that you’ve reached your account spending limit.
If you want your ads to resume immediately, go to your ad payments settings to raise, reset or remove your account spending limit. Otherwise, go to your ad payments settings to reset or change your account spending limit to match your advertising budget when you’re ready.
To update your spending limit:
  • Go to your profile and tap Menu in the top right-hand corner.
  • Tap Settings.
  • Tap Business.
  • Tap Ad payments.
  • Tap Account spending limit.
  • Tap Edit in the top right-hand corner.
Now, you can change, remove and save your account spending limit.

If you didn’t find your answer in this article, please contact our payments support team here.

You can check the specific ad costs you were billed for and other transaction details in the Instagram app.
To view your receipts:
  • Go to your profile and tap Menu in the top right-hand corner.
  • Tap Settings.
  • Tap Business.
  • Tap Ad payments.
  • Tap under “Transaction history”

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