How to Convert Palmpay Points To Money 2024 Update
How to Convert Palmpay Points To Money 2024 Update; This post will help customers or users of Palmpay know how to covert Palmpay points to money, This post will explain in detail all procedures, guides, and rudiments on How to Convert Palmpay Points to Money
Many blogs or websites have explained this topic clearly, but some of them are yet to give the latest update as of 2024. So many Palmpay users have been flooding our website asking a series of questions about;
About Palmpay
What is Palmpay Point?
Who is the owner of PalmPay?
How to get Palmpay Points
How to Convert Palmpay Points To Money
How to use PalmPay points
Can I borrow money from my PalmPay account?
About Palmpay
This is an e-wallet and secures online payment, the users through its app carry financial services, Palmpay is licensed by both NDIC and CBN, meaning, it is safe to use
You can use its app or e-wallet platforms to carry financial transactions including sending and receiving money, paying bills and subscribing it your Satellite services, buying airtime, payment of utility bills
More so, you can make money through its app by referring others, this is where Palmpay is outstanding compared to other platforms
Palmpay gives bonuses and rewards its customers in many ways, depending on the amount and volume of transitions, every week, a user can make more than N22,000 when you refer people using the app, isn’t that wonderful?
Who is the owner of PalmPay?
The owner of Palmpay is Transnet—a joint venture firm between Transssion and NetEase.
What is Palmpay Point?
This question hovers over the internet daily, a lot of users don’t know what Palmpay’s point is, but today, the ignorance will be cured
Palmpoints aka Palmpay points are the extra cashback rewards for using PalmPay.
This is used to discount up to 50% of your transactions when you make payments on Palmpay, it can be converted to PalmCoins which can then be exchanged for value-for-money items in the exchange center.
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How to get Palmpay Points
After understating what is Palmpay point, the next question is how to get Palmpay points, users can get it by buying airtime, data bundle, TV purchase, and electricity, on the platform.
Palmpay rewards users with Palmpoints for almost every transaction made on the app. 1 PalmPoint is equivalent to 1 Naira.
How To Convert Palmpay Points To Money
This is the question thousands of users want to know, this is because they have palmpoints in large numbers and are looking for methods to convert them to money
Unfortunately, as of 2024, Palmpay has yet to provide any option to convert Palmpoints to money that can be transferred to your bank account.
But the good news is that, can be used to discount up to 50% of your transactions as you make payments on Palmpay and can be converted to PalmCoins which can then be exchanged for value-for-money items in the exchange center.
For example, if you have 1000 Palmpoints and you want to buy airtime of 1000 Naira, you will have a discount of 50%. In essence, you spend only Five hundred Naira to acquire 1000 Naira airtime
How do I use PalmPay points?
You can use it to make payments on any transactions like buying airtime, subscribing to TV services, or paying Nepa bill
In addition, you convert it to Palmcoins which can be exchanged for value-for-money items in the exchange center.
Can I borrow money from my PalmPay account?
Absolutely yes, it allows you to borrow money using its app, and up to N150,000 can be borrowed without collateral.
Summary
The topic is centered on How To Convert Palmpay Points To money, but unfortunately, as of 2024, Palmpay has yet to provide any options to convert Palmpoints to money that can be transferred to your bank account.
Maybe as time goes on, it will produce an option for users to how To Convert Palmpay Points To Money