PalmPay is a wallet and Internet payment platform that provides financial services to users by means of their Mobile App. The features of PalmPay are covered in this article, alongside other details you should know about them.
The fact that PalmPay provides a path for users to make money through mobile applications is one amazing feature of the app. PalmPay rewards, bonuses, and cashback allow you to earn money.
You will be able to transfer funds from your PalmPay account to another user, receive cash into your accounts, make withdrawals, and pay bills as well as recharge airtime. After some transactions, you will be rewarded with points which you can redeem at any time.
You will be given all the key details about PalmPay in this article but bear in mind that Palmpay is an e-wallet you wouldn’t want to miss out on.
The Way Palmpay Works
PalmPay makes it easy for users to use payment services by means of a number of features. This allows you to make quick transactions rather than use your own traditional bank account. Compared to the majority of traditional banks, this institution offers a low level of service charges.
With Palm Pay, you will also be able to enjoy virtual top-up services, safely send money to your friends and family, recharge a phone, and you can also buy different subscription plans.
In the app, you can also make some revenue by using affiliate marketing. Refer your friends to the app and enjoy some rewards once they make their first deposit. When opening an account with Palmpay, they will also be granted a welcome bonus as soon as it is opened.
Advantages Of Using Palmpay
Palmpay mobile app comes with a lot of perks and upsides as listed below:
- Transaction service charges are low.
- Timely payment of bills and efficient VTU services.
- The information of users is guaranteed to be safe and secure.
- You’ll be able to earn bonuses and rewards for your transactions.
- For each of those people you invite, you’ll be making money. When the person establishes an account with PalmPay, you will receive a reward.
- Customers with good credit score history are able to get loans from PalmPay.
How Safe Is Palmpay?
The use of the PalmPay system is very secure. Your deposits are with a reliable and trustworthy firm. Transnet has ownership and management of PalmPay. The Transsnet partnership is made up of NetEase and Transsion Holdings.
Transsion Holdings is the producer of Itel, Tecno Mobile, and Infinix, If we’ll recall these two companies have entered into a partnership. This agreement means that all Itel, Tecno, and Infinix phones will already have Palmpay installed on them.
PalmPay has also registered office addresses in Nigeria and Ghana, as well as being owned by a firm of repute. The Nigerian head office for Palmpay is 20 Opebi Road Ikeja, Lagos. The Ghanaian headquarters are at 54 Senchi Street, the airport residential area of Accra, Ghana.
How to Create a PalmPay Account
- Download and install their mobile app
You can find that on the Google or IOS store.
- Open the app and Sign up for an account
Click the Sign-Up button to open the app. Please select a country code and enter your phone number. Here, the verification code will be sent using your phone number.
- Complete your mobile number verification
Enter the verification code you’ve received to your phone number. Wait until a new page is loaded.
- Create your 4-digit PIn and confirm
How to Fund Your Palmpay Account
You can find your Palmpay Account using two methods
Bank Transfer
Using the bank Transfer method all you have to do is transfer the money to the account number generated by Palmpay for you, Basically, Palmpay will use your phone number to generate your account number, for instance, if your phone number is “07049151496” palmpay will give you “7049149496” as your Palmpay account number.
Card Funding
To use the Card Funding, simply follow the instructions below:
- Select the “fund” option in your home dashboard in the PalmPay app.
- Fill in the amount you plan to deposit.
- If you wish you can add a description to the transaction and carry on to the next page.
- Pick your payment option; you can select a previously linked card or add a new one.
- Select your bank from a list of other banks, then input all the necessary data.
- Input your security code, then continue.
You are going to be led to a new page. It’s a secure payment gateway for your bank. You will receive an OTP at your email address or telephone number. Click the Complete button after entering your OTP.
Your funding should be successful now and you will be led back to your dashboard.
How to Make Money Using Palmpay App
The Palmpay app offers many means to earn both cash and rewards, These means include:
- Transaction Rewards
Palmpay gives out rewards in the form of points for almost every transaction you complete on the app. These points can be redeemed as discounts when you’re initiating other transactions on the app.
- Cash Spree
Another way to earn from PalmPay is the cash Spree option which is more of a referral contest. In this section you will select the amount of referrals you will be bringing into Palmpay within a period of 7 days, If you’re able to meet up the amount selected you will be paid in cash into your Palmpay balance.
- Refer and Earn
The refer and Earn option is similar to that of a cash Spree, the difference is that the referral target here is quite flexible so and withdrawal can be made as long as you have already invited at least 2 people. Unlike that of cash Spree where you have to meet your target before cashing the money out.
- Giveaways
It is well known for its numerous giveaways as it has become its culture to host several giveaway campaigns. During this time you are given the opportunity to have Rewards in the form of cash, coupons and palmpoints.
- Palmforce
In simple terms joining the palmforce means becoming a palmpay agent Though this feature is currently not active we hope it will be very soon.
Fees And Service Charges For Palmpay
Many prefer PalmPay, as its service fee is low compared to the majority of banks. You don’t have to pay for the first three money transfers you make in a day. Subsequent transactions will cost you only N10 each time.
Conclusion
Palmpay indeed stands as one of the best e-wallets here in Nigeria for its vast services, cheap fees and reliable functionality, indeed it’s an app worth checking out.
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