How to Use Trial Cash on PalmPay

Hello dear explorer! Trust you’re having a good day? In this article, we’ll not only enlighten you on how to use cashbox trial cash in PalmPay, we will also talk everything you need to know about the PalmPay’s Cashbox Trial Cash, how to earn and how it works. So, without any foda-ado, let’s dive into the primary reasons of this contents.

Last week, we wrote ultimate guides that will help you to withdraw your Cashbox Trial Cash earnings from PalmPay. So, if you’re looking for ways to withdraw your trial cash, we’d suggest you dive straight into this post for better instructions. However, continue reading here for overall understanding of PalmPay’s Trial Cash.

Now, let’s start from the company that’s offering the reward incentive programs. PalmPay is a very popular financial institution in Nigeria with more than millions customers and 10 millions plus download on the Google playstore alone. The fintech is a CBN’s licensed mobile money operator in Nigeria. Its app is dedicated to providing microfinance banking (including loans, inter-banks transfers, bill payments and more) to the banked, the unbanked and the underbanked.

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In additions to services PalmPay offers to Nigerians, a reward incentive program known as “Cashbox Trial Cash” should also be mentioned. This feature let you to earn rewards daily on every task completed. Here’s how and how it works.

What is Cashbox’s Trial Cash on PalmPay?

Trial Cash is a rewarding program on the PalmPay app that allows you to earn money daily when tasks are completed. Money earned will be automatically transferred to Cashbox Account. The Cashbox Account is a flexible savings account that withhold all your task earnings and rewards in the PalmPay app.

However, the most interesting thing about PalmPay’s Cashbox Account is that it let you earn 16 percent interest rate rate annually on your earnings and rewards. Additionally, you can save and invest your money in the cashbox account and withdraw it anytime you wish to use it.

Trial Cash Tasks

To earn trial cash on PalmPay, you have to complete daily tasks and the tasks includes:

1. Daily Transfer to other PalmPay Account/User
2. Daily Adding of Funds To Your PalmPay Wallet via Bank or Agents.
3. Daily Funding of Sport Betting Account e.g Sportybet, Nairabet and Bet9ja with minimum of N2K

With these three tasks, I’m glad to tell you that you can earn up to N100K trial cash per month on the PalmPay App. Although, there are more tasks in the app but they only come on promotions. These three are the active and permanent ones.

How does Cashbox Works?

Like we stated earlier that PalmPay’s Cashbox is a savings account on the fintech app that allows you earn interest on your savings and more. The Cashbox actually works by collecting all the earnings and rewards you’ve earned from the daily tasks completed and let you earn 16% APR on them.

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If you wish to withdraw your earnings on the cashbox, just login to your PalmPay account, tap on “Transfer Money”, choose your preferred bank and input account number, toggle ON Cashbox as a means of payment, confirm your payment and tap on PAY.

The amount sent will be deducted from your Cashbox account and will be automatically transferred to your submitted account number. However, do note that the Cashbox balance can be withdrawn to any bank account in Nigeria including another PalmPay user’s wallet.

How to Use Cashbox’s Trial Cash in PalmPay

You can use Trial Cash for many things on the PalmPay App. Trial Cash can be use for purchasing airtime and data on the PalmPay app. More, so, the Trial Cash can be used to complete inter-bank transfer by selecting it as mode of payment and the amount sent will be automatically deducted from your Cashbox balance.

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Furthermore, Trial Cash can be use to fund sport betting accounts, pay electricity bills, buy data, recharge cable Tvs and more. In a nutshell, Trial Cash can be use to pay for anything on the PalmPay app as long as you have sufficient funds in your Cashbox account.

However, there are some things you must not do to earn trial cash on PalmPay. First of all, you must adhere to PalmPay terms and conditions and obey Nigeria’s rules regarding reward incentive programs. Also, you must not by any means have more than one PalmPay account or using a single BVN with more than one accounts. Read the full eligibility requirements’ details here.