How to Use Trial Cash On Palmpay App

Trial Cash can be used to fund sports betting accounts, pay electricity bills, buy data, recharge cable TVs, and anything on the Palmpay app. We’ll show you how in this article.

how to use trial cash on palmpay app

In this article, we’ll not only enlighten you on how to use Cashbox trial cash in PalmPay, but we will also talk about everything you need to know about PalmPay’s Cashbox Trial Cash, how to earn, and how it works. So, without any foda-ado, let’s dive into the primary reasons for this content.

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

Now, let’s start with the company that’s offering reward incentive programs. PalmPay is a very popular financial institution in Nigeria with more than a million customers and 10 million plus downloads on the Google Play Store 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.

In addition to the services PalmPay offers to Nigerians, a reward incentive program known as “Cashbox Trial Cash” should also be mentioned. This feature lets you 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 the Cashbox Account. The Cashbox Account is a flexible savings account that withholds all your task earnings and rewards in the PalmPay app.

However, the most interesting thing about PalmPay’s Cashbox Account is that it lets you earn a 16 percent interest 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 include:

  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 Sports Betting Accounts e.g Sportybet, Nairabet, and Bet9ja with a 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 Work?

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

If you wish to withdraw your earnings on the cashbox, just log in to your PalmPay account, tap on “Transfer Money”, choose your preferred bank and input your 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 used for purchasing airtime and data on the PalmPay app. More, so, the Trial Cash can be used to complete the inter-bank transfers by selecting it as a mode of payment and the amount sent will be automatically deducted from your Cashbox balance.

Furthermore, Trial Cash can be used to fund sports betting accounts, pay electricity bills, buy data, recharge cable TVs, and more. In a nutshell, Trial Cash can be used 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 use a single BVN with more than one account. Read the full eligibility requirements’ details here.

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