Are you tired of long hours trying to sell airtime on Palmpay? Do not worry! We’ve got you covered with a super simple guide to enable you to sell airtime for cash without a glitch.
Palmpay is a mobile banking app enabling you to make transactions like money transfers, bill payments, airtime recharge, and airtime conversion. The Palmpay app is available in Nigeria and Ghana and has provided digital payment solutions to over 5 million users in the last four (4) years of existence.
Airtime is essential to every mobile phone as it enables you to make calls, send text messages, and connect to the internet with the available data subscription. But in some instances, you may have excess airtime on your mobile phone – which may result from over-recharge or receiving airtime as a gift from a loved one.
It is important to note why people sell airtime in Nigeria – perhaps making money is one of them. So when you have excess airtime on your mobile phone, selling it could be the best option, and Palmpay is a place to sell your airtime.
You can sell airtimes of different mobile networks on Palmpay, including MTN, GLO, Airtel, and 9Mobile. If you are hearing of Palmpay for the first time or you are unclear about the perks of selling airtime on Palmpay, the following are some of the benefits you enjoy when you sell airtime on Palmpay:
Convenience: you can sell airtime on Palmpay from any location in Nigeria or Ghana. You must know that Palmpay is a mobile top-up platform that people use daily to buy airtime, so you can also sell your airtime at the same pace as people buying airtime from the platform.
Safety: it is safe to sell airtime on Palmpay as it has a state-of-the-art security infrastructure to prevent possible fraud that may arise from a breach of your data that could culminate in the loss of funds.
Ability to earn extra income: You can get more funds when you sell airtime on Palmpay. This is owed to the fact that Palmpay offers you the best rates for your airtime, and it is always a win-win transaction between you and Palmpay, such that you get almost the real-time value for your airtime.
In the sequel to the above outlook on Palmpay as a platform to sell airtime, this article will walk you through a step-by-step guide to selling airtime on Palmpay.
Requirements To Sell Airtime On Palmpay
Palmpay is a mobile app to perform different transactions that have to do with payments but you must be a Palmpay customer/user before you can start to use Palmpay for your intended purpose.
As a financial institution regulated by the Central Bank of Nigeria (CBN), there are some basic requirements for using Palmpay to sell airtime. Some of these requirements are:
- A smartphone to download the Palmpay app
- A valid ID to authenticate your account opening on Palmpay
- Your Bank Verification Number (BVN) to enable the linking of your Palmpay account to your BVN as instructed by the CBN
- Your phone number, which is your Palmpay account number
How To Set Up Your Palmpay Account To Start To Sell Airtime
You must have an active Palmpay account before selling airtime on the Platform. How do you go by this?
- Download a Palmpay app from your Google Play Store or Apple Store
- Register a Palmpay account by providing your details and required documents
- Verify your Palmpay account
- Your Palmpay account is ready for use
What Are The Types Of Airtimes You Can Sell On Palmpay?
You can sell airtime of all mobile networks available in Nigeria on Palmpay. These are MTN, GLO, Airtel, and 9Mobile. You can sell airtime between N50 and N5000 on Palmpay, and your transactions will be completed within a few minutes. But it is noteworthy that Palmpay charges 12% of every airtime to cash transaction on its platform.
You can only share airtime from MTN to MTN, and you can not sell airtime that is of GLO, Airtel, or 9Mobile networks. Moreover, you can only sell airtime within your mobile network on Palmpay – meaning that you can not sell airtime outside the mobile network that represents your account number on Palmpay. For instance, if your registered account number on Palmpay is 08034567890, which is an MTN number.
Step-By-Step Guide On How To Sell Airtime On Palmpay
The following are the simple steps to sell your airtime on Palmpay with any mobile network:
- Download the Palmpay app
- Create a Palmpay account and log in
- Upgrade your Palmpay account for higher transactions by verifying your account
- Click on “Recharge2cash”
- Choose your SIM network
- Enter the Time Password (OTP) sent to your mobile phone
- Choose your preferred amount for conversion to cash
- Confirm the amount you will get after the service fee deduction
- Click on “Convert” to proceed
- Wait for a few minutes, and you will receive payment in your Palmpay account
Tips And Tricks To Make Selling Airtime On Palmpay Easy
1. Save Frequently Used Phone Numbers
You can always experience a seamless transaction process when you save the most frequently used phone numbers to your beneficiary list on Palmpay. This enables you to sell airtime fast without making mistakes when entering your recipient’s phone number.
Transferring airtime to the wrong phone number is possible, especially when you are not paying attention. But you can be assured of forestalling such an error because of the availability of the phone number on your account beneficiary list already.
2. Set Up Automatic Top-Ups
You can automate the amount of airtime you want to sell on Palmpay and which prevents you from making mistakes in selling a certain amount of airtime against your intention. For instance, you can automate your top-ups to be at N500, and anytime you want to sell airtime on Palmpay, your amount of airtime will not exceed this limit.
Conclusion
Airtime is a good way to make money when you sell it for cash. This trade brings convenience and safety when you sell airtime on a platform like Palmpay. However, it is important to understand that you can only sell airtime from your mobile network on Palmpay with a service charge for the transaction.
Alternatively, you can sell your airtime on Prestmit, as we hold our reputation as one of the best platforms to convert airtime to cash in Nigeria. Our platform is easy and safe to use, with a fast payout when you sell your airtime on Prestmit.
