Palmpay is a payment app used to receive and send money across Nigeria. You can do a lot on this app including sending and receiving money. The payment platform is regulated and licensed by the Central Bank of Nigeria. They are secure and trustworthy. But at times, fraudsters do break their way into scamming people of their hard-earned money. So it’s very important to know the difference between reliable and fake transactions.
So stay with us, as will expose you to how you can be safe from PayPal fake transfers. You need to know this before opening an account. It’s not too late.
What is a Fake Alert?
Fake alerts are normally carried out by scammers just to dupe customers of their hard-earned money. You will transact with them but in the end, you will be depressed. If care is not taken, you might lose the account entirely. There are several ways to identify fake alerts on palmpay. You just need to watch out clearly.
What is Palmpay Used for?
Palmpay is used as a medium to send and receive payment, purchase airtime, data subscriptions, utility bill subscriptions, education bill subscriptions (NECO, WAEC, and more), and fund betting platform without paying a dime, all for free and lots more.
The first 25 transactions you will perform in a month are free of charge. Not only that, you can apply for a loan with a low-interest rate. You can also use the app for fixed savings, where you will sit back and watch your money grow. This app can also be used to make money in various ways including selling airtimes and becoming a POS agent. Interestingly, you can make a lot of money from this app.
Benefits of Using Palmpay
The benefits of using this app cannot be listed at all. I have also benefitted from palmpay myself.
There are several ways you can earn from palmpay. This can be through, referral, where you will receive a sum of N1000 per each new customer you invite, and you can withdraw your money immediately.
Assuming you have 10 friends who have not signed up before, if they sign up through your referral link, you will receive N10000 without going out to work or waiting till month’s end. This is also an opportunity for you to earn money.
Furthermore, you can also save money when you have coupons, palm coins, or palm credit to purchase on the app while your money is not used.
How to Identify a Fake Account and Be Safe
Identifying fake accounts to be tricky sometimes, especially if you are not observant. However, those with tech backgrounds can easily detect fake palmpay accounts. For those who find difficulty in identifying a fake account, these are some tips, you should take note of all the time.
READ ALSO: How To Set SMS Alert On Palmpay
Maintain calm and caution
Be calm anytime you want to access your palmpay account. Don’t be eager to perform any transaction because each scammer doesn’t want to waste time in their activities, so this alone can make you observe if you are dealing with a fake or real account. Less I forget, if you are logging into your app, make sure no one is looking at you, because when it comes to fraud, they are sharp and intelligent.
Verify the sender
If you are prompted with a message from Palmpay, don’t be too eager to send any information. There are some information palmpay will never ask from their customer, that’s what scammers do ask for. Make sure you know who the sender is before you can send the information. If the information includes sharing your BVN, don’t reply to the message.
Check transaction details
If you are sending money to anyone or you receive an alert from another customer, it’s important to check very carefully the sender’s account information such as date, amount, time, and the account balance for clarity. From your end, once you receive an alert, check if the money is added to your balance and check for the date and time.
Avoid clicking phishing links
You might receive a link stating you qualified for a giveaway or something important you apply for without you knowing it’s the work of fraudsters. Once you fall their bait, you will cry alone, no one will come to your avail.
If possible, when you receive any information saying you should click a link or send an OTP, try as much as possible to inform their customer support to find out why because they will never ask you to do such.
Authenticate through their app
It’s not all the time that you will be convinced about the messages you receive from palmpay. If possible log into your app and go to the notification page. All your news and information are shared there. So, don’t be deceived.
Is Palmpay recognized by the CBN?
Yes. Palmpay is recognized by the Central Bank of Nigeria.
Can Palmpay send money?
Yes. Palmpay can be used to send money to family and friends.
Can I earn with Palmpay?
Yes. You can earn with Palmpay through palmcoin. Palmcoin helps you hy giving discount on every transaction such as airtime purchase.
What are the benefits of using Palmpay?
The first 25 transactions you will perform in a month are free of charge. Not only that, you can apply for a loan with a low-interest rate.
How does Palmpay work?
Palmpay is a payment app used to receive and send money across Nigeria. You can do a lot on this app including sending and receiving money.
It is very important and crucial to do everything possible not to fall victim to the scammers, all they are capable of doing is to reap you of your hard-earned money.