PalmPay Plus is a new feature in the PalmPay App that allows users to earn big commissions rendering bill payment services to customers. With PalmPay Plus, you will earn more than using just the PalmPay Bill payments features. Application is attached to join the PalmPay Plus. Once you applied and you get approval, you can. Now begin to offer pay bill services to customers like agents and earn big commission, which will be paid to your PalmPay wallet the next day.
This feature is new and I’m sure you’ll be wondering what you can do with PalmPay Plus. You can simply start up a bill payment business with PalmPay Plus. You can start helping people in your community to pay their common bills such as Airtime and Data top up, betting account funding and electricity and TV cable subscription. Doing this, you will earn commissions and the earnings will settle in your account the next day.
What is PalmPay Plus?
PalmPay Plus is a higher reward incentive program on the PalmPay App that allows you to render bill payment services to other people and earn money. In other words, you can get paid if you help others to top up Airtime, Data, Sports & Gaming, Electricity TV.
With PalmPay Plus, you can start a lucrative bill payment business in Nigeria and earn six figure per month. Imagine, as a level 1 PalmPay Plus user, you will get 1.4% on every airtime you recharge for customer. If you recharge worth of N15,000 per day, you will get N210 as commission in the following day. If you’re a level 3 user, then you will get N450 as commission for every N15,000 airtime top up.
How PalmPay Plus Works
PalmPay Plus allows you to earn commissions from the bill payment services offers to others. The PalmPay Plus works with levels. That is, when you apply to become a PalmPay Plus user, you begin at level 1. The more you use the service, the more your level increases and the more your commission rate increases.
As a Level 1 PalmPay Plus user, you will earn 1.4% on airtime top up, 1.2% on data top up, 0.2% on funding of betting account, 0.5% on electricity bill and 1.0% on TV cable subscription. However, if you’re Level 3 (last level of PalmPay Plus) user, you will earn x2 of the amount earned in Level 1.
In essence, when you apply to become PalmPay Plus user, the platform will set a PalmPay Plus level for you based on your previous transaction volume; The higher transaction volume, the higher level and the higher commission rate. There are three levels, which will be reassessed at the beginning of each month, based on your transaction volume in the previous two months.
How to Apply to Become a PalmPay Plus User
To join the PalmPay Plus user is simple. It’s something that can done through your PalmPay App. However, there are requirements.
Requirements
- You must be at least 18-years old.
- Your PalmPay Account must be verified with BVN and NIN.
- Your KYC Level in Tier 2 or Tier 3.
If you don’t know how to upgrade your PalmPay Account, here is an ultimate guides that will help your to successfully complete your KYC Level to Tier 3.
Applying to become PalmPay Plus User
- Login to your PalmPay App
- Click “PalmPay Plus” from the list of available services.
- Accept the Term and Conditions of the PalmPay Plus services.
- Click on “Apply”
What you should know after becoming PalmPay Plus User
- You must not use coupons, data bonuses, discounts or point to pay bills for customers. Only sales that haven’t used point, bonuses, discounts and points are liable to earn commissions. Otherwise, no commission.
- You will no longer no longer be earning data bonuses and points after joining PalmPay Plus.
- After joining PalmPay Plus, you will not be allowed to top up Airtime through Daily Flash Sales.
- It’s also important to let you know that there are cap on the commission for each top-up orders, and the capa are different on different billers.
- Lastly, PalmPay will withhold 5% WTH from each commission income for Government Tax.
WTH is a relevant government regulations, commission as income, which is subjected to 5% tax on any reward incentive program on any payment app in Nigeria.
Levels, Commissions and Earnings
Here’s the table that simplify the PalmPay Plus services, levels, commission rates and potential earnings.
| Services | Level 1 | Level 2 | Level 3 |
|---|---|---|---|
| Airtime | 1.4% | 2.2% | 3.0% |
| Data | 1.2% | 2.0% | 3.0% |
| TV | 1.0% | 1.2% | 1.7% |
| Electricity | 0.5% | 0.7% | 1.0% |
| Betting | 0.2% | 0.3% | 0.6% |
In addition, you can calculate your earnings by following this mathematical equation: Commission = Top-up amount of order * Commission rate of the service biller. There is a maximum commission for each top-up order, which may be different for different service providers.
Conclusion
As you can see, PalmPay goes beyond just a mobile wallet. It’s also offers a financial tool that rewards you for everyday transactions. With PalmPay Plus, you can unlock a world of exclusive commissions, rewards, and more. Start a business with PalmPay Plus today and experience the future of smart spending.
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