My experience with Palmpay - Online Banking
I have never been a fan of Online banking without a branch offline because if anything like crash or shut down happen, there is no where to go to complain nor is there a way to get back your money....
The recent lack of new notes and poor banking network in Nigeria made me change my mind about Online banking and the first one i tried out was Palmpay...
It was quite easy to get an account with them and much more better because your phone number is also your bank account number, you just need to omit the first zero at the front of your number...
I was presented with so many offers as you can see in the screenshot of my app page below...
I kinda feel elated with the use of this online bank for some reasons...
Fast transactions: I changed my payment method on binance from fcmb to palmpay this morning and i would say this is the fastest transaction i have ever had during P2p... The money dropped into my account within 2 minutes unlike few days ago, it took almost 8 hours before the money could reflect in my fcmb account....
Electricity Bill: We use prepaid meter in my place and sometimes we find it difficult to sub for another if it get exhausted in the night, i downloaded some app like powerlight nigeria and quickteller but sometimes they end up not giving me the meter token, so i end up losing money..... The palmpay is also very fast in giving the meter token when i pay for it on their app, this is another problem solved as we don't need to be worried even if the meter token get exhausted in the midnight because palm pay got us covered....
Less to no transaction fee: Unlike other banks charging 10 to 50 naira per transaction, Palmpay charges nothing for your first three transactions of the day and palmpay to palmpay is totally free of charge and instant!
Little bonuses: Palm pay gives their user bonuses like 2 mega byte worth of data daily for logging in which accumulate on daily basis till you redeem it, they also give coupon for each transactions done like recharging and you also earn money for referring people to use their app...
- Cons
The only problem with online banking is no one will be responsible for your loss if the company shut down, so only put in money you can afford to lose... I use it now to keep the money i need for my weekly expenses....
I am currently on tier 2 that allows the maximum of 500 000 naira balance and 200 000 daily transaction, which is more than enough because i don't plan putting anything above 100 k in the bank account.....
I also ordered for my Qr card last week friday and i was ask to wait for 4 working days to get it, hopefully they will bring it today........
Click on my Referral link to sign up and start enjoying fast transactions and other benefit too!
Just call me Burl.
I am a gamer, motivational speaker and a crypto enthusiast
Discord: burlarj#8326
Twitter id: burlarj1
Telegram: burlarj
God exist, i am a living testimony
Giving up is not an option, every hustler has a pay day
Don't wish for it, Make it happen
Posted Using LeoFinance Beta
That was exactly my fears when I started, hahahaha but then, since I decided to give them a try, I have been enjoying it since 2018 and I have never heard any challenges with them so far.
I have also been enjoying them this period of money scarcity Because of swift transaction.
Welcome on board
wow 2018? you are an old user
i just joined the winning team and am loving their service☺️😊
Yes, it's been a while with them😂
Welcome well
Wow...this app has a lot to offer Indeed with such an amazing review. This is nice, I am giving it a try using Ur referral link
Thanks for sharing
you are the first person i refer, thanks nkem😁
I bet you would love their service too😊
I hope so burl😍👍
Palmpay has been the only life saving app for financial transaction in this Nigeria trying time, I've also encouraged some petty business owners, even helped them in downloading the app instead of losing small small change because of no cash, its the fastest and easiest to use now.
It is the best for betty traders because the transaction takes less than 1 minute so there is nothing like money not showing up on time, palmpay saving nigerian citizens😁
They are more reliable they even have thier own pos machines and agents.
yea i am getting tempted to get their Pos and start up their business
Palmplay is not very popular here. A few months ago, they were running ads and doing promotions to create awareness of their app by giving out bonuses in cash to people who referred a lot of people. I even thought it was a ponzi scheme at first because of how poorly my friend who tried to refer me explained it.
I don't know about the bonuses you mentioned or whether they're available here, but I like the feeless transfers between palmplay users. I only hoped it worked with Binance p2p so I'll start using it more often now.
oh yea once we have many palm pay users, it means we will be having more free transfers!
it is working with binance p2p, i just updated my payment method today, i mentioned that in my post
I'm also a fan of online banking.. I've been using kuda for a while now and recently opened an account on Opay.. These are really good banks with little to no problem at all, unlike the other banks we have.
But then again, not having physical branches like you said is a big problem. They do reach out on twitter but then we know that won't be enough for a Nigerian 😅, we want something we can see, a physical branch.
I heard kuda has a branch in lagos though.
twitter ke, even twitter can be shut down any time, but an offline big company with lot of workers is still reliable, we can always hold their workers if we dont see the owner🤣
😂😂😂😂
Yay! 🤗
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