Have you ever mistakenly recharged ₦5000 instead of ₦500? You’re not alone! With over 70% of Nigerians using mobile money services and an estimated ₦3.67 trillion spent annually on airtime, converting excess airtime to cash has become an essential need.
This is where Recharge2Cash comes in, one of Nigeria’s top platforms for airtime to bank transfers. But is it safe? Can you trust it with your money? In this review, we’ll explore its features, security, conversion rates, user experience, and legitimacy to help you make an informed decision.
What is Recharge2Cash?
Recharge2Cash is a digital platform that allows you to convert airtime to cash, instantly depositing the money into your bank account.
Launched in 2021, Recharge2Cash has processed over 100,000 transactions and serves over 50,000 active users across Nigeria. The platform is available on Google Play Store for Android and App Store for iPhone users.
Key Features:
- Fast Payouts: Receive your money in less than 10 minutes
- Best Airtime Conversion Rates: Up to 80% for MTN transactions
- Supports All Networks: Convert airtime from MTN, Glo, Airtel, and 9mobile
- Airtime & Data Top-ups: Pay bills and subscribe across networks
- Instant Transaction Receipts: Get proof of payment via email
- Cancel Pending Transactions: Users can cancel incomplete airtime to cash requests
- Instant Wallet Notifications: Get real-time updates on funding and low balances
Is Recharge2Cash Safe to Use?
Security is a major concern when dealing with financial transactions online. Fortunately, Recharge2Cash prioritizes user protection through:
- 256-bit SSL Encryption: Keeps your transactions and data secure.
- Two-Factor Authentication (2FA): Adds an extra layer of security.
With over 2,500 verified user reviews and a 4.5+ star rating on the Play Store, Recharge2Cash has built a strong reputation for trustworthiness, reliability, and customer satisfaction.
Recharge2Cash Conversion Rates & Competitor Comparison
One of the biggest deciding factors for airtime to cash services is the conversion rate. Here’s what you’ll get on Recharge2Cash:
Network | Service Charge | Conversion Rate | Payout Amount (₦10,000 Airtime) |
MTN | 20% | 80% | ₦8000 |
9Mobile | 25% | 75% | ₦7500 |
Airtel | 35% | 65% | ₦6500 |
Glo | 35% | 65% | ₦6500 |
These rates are not fixed and may change at any time so, you have to always check the platform for updated rates.
Now, let’s see how Recharge2Cash stacks up against competitors:
Platform | Conversion Rate | Payout Speed |
Recharge2Cash | 75-80% | 1-6 mins |
Aimtoget | 72-75% | 5-15 mins |
GoSub | 50-75% | 10-20 mins |
With its higher conversion rates and faster payouts, Recharge2Cash remains one of the best airtime to bank transfer platforms in Nigeria.
How To Convert Airtime to Cash on Recharge2Cash
Selling airtime on Recharge2Cash is simple. Follow these steps:
- Step 1: Download and install Recharge2Cash from Google Play Store or App Store.
- Step 2: Sign up, log in, and verify your account.
- Step 3: Click “Convert Airtime” and select your network.
- Step 4: Enter the airtime amount and click “Review Request”.
- Step 5: Copy the provided number and transfer the airtime.
- Step 6: Return to the app and click “Submit” to complete your transaction.
Tips for a Successful Airtime Transfer
- Enter Accurate Details: Double-check the recipient number and amount before transferring.
- Transfer Within 6 Minutes: Send airtime quickly to avoid order cancellation.
- Use the Correct Transfer Code:
- MTN: Dial *600*phone-number*amount*PIN#, Airtel: Dial *432#
- 9Mobile: Dial *223*PIN*amount*phone-number#
- Glo: Dial *131*phone-number*amount*PIN#
- Follow Transaction Limits: You can only convert up to ₦20,000 per hour.
- Verify Your Account: Ensure your BVN and ID documents are updated for seamless transactions.
Pros & Cons of Recharge2Cash
Pros
- Fast Payouts: Receive cash within 1-6 minutes.
- High Conversion Rates: Up to 80% for MTN airtime.
- Supports Multiple Networks: Works with MTN, Airtel, Glo, and 9mobile.
- User-Friendly Interface: Easy to navigate with clear instructions.
Cons
- Limited Payment Options: Only bank transfer is available.
- Network Dependent: Successful transfer is required for conversion.
- Transaction Limits: Some networks have daily transaction caps.
Prestmit: Another Reliable Platform to Convert Airtime to Cash
While there are other platforms that allow you to sell excess airtime for cash, another one that stands out for its seamless process is Prestmit.
When it comes to platforms with one of the best airtime conversion rates, Prestmit is a trusted platform that allows users to easily convert airtime to cash without the need for transfer codes.
It supports all major networks MTN, Glo, Airtel, and 9mobile, and offers quick, reliable payments with competitive exchange rates.
With its user-friendly mobile app and multiple payment options, Prestmit continues to provide seamless financial services for users.
How to Sell Airtime on Prestmit
- Step 1: Download the Prestmit App
Go to the Google Play Store or Apple Store, search for “Prestmit”, and install the app.
- Step 2: Create an Account
Open the app, then sign up or log in to your Prestmit account.
- Step 3: Access the Airtime Trade Section
Tap on “Sell Airtime.”
- Step 4: Select Your Mobile Network
Choose your network provider (MTN, Airtel, Glo, or 9mobile).
- Step 5: Enter Transaction Details
Input your phone number and the amount of airtime you want to sell.
- Step 6: Transfer the Airtime
Send your airtime to the auto-generated number displayed on your screen.
- Step 7: Confirm Your Transaction
Verify and confirm the transaction to proceed.
- Step 8: Receive Your Payment
Once the airtime transfer is confirmed, your Prestmit wallet will be credited.
- Step 9: Withdraw to Your Bank Account
Transfer your funds from your Prestmit wallet to your local bank account at any time.
Frequently Asked Questions About Recharge2Cash
How long does it take to get paid on Recharge2Cash?
Payments on Recharge2Cash are typically processed within 1 to 6 minutes after a successful airtime transfer. However, transaction times may vary depending on network speed, bank processing times, or system maintenance.
What are the conversion rates on Recharge2Cash?
Recharge2Cash offers competitive conversion rates, which depend on the mobile network. Generally, the rates are: MTN: 75-80%; 9Mobile: 70-75%; Airtel & Glo: 65-70%
These rates are subject to change, so it’s best to check the app or website for the latest updates before making a transaction.
Is Recharge2Cash legitimate?
Yes, Recharge2Cash is a legitimate platform used by thousands of Nigerians to convert airtime to cash. It is secure, well-reviewed, and operates with fast payouts. Always ensure you follow the correct transfer process to avoid delays or failed transactions.
Conclusion
If you’re looking for a safe, fast, and reliable way to sell excess airtime instantly, Recharge2Cash is a great choice. With high conversion rates, quick payouts, and a seamless user experience, it stands out as one of Nigeria’s best platforms for airtime to bank transfers.
For those who want more options beyond airtime conversion, Prestmit offers gift card trading, crypto exchange, and more.