If you’re a Filipino or living in this country, you will hear about GCash several times. It’s a popular payment option for locals due to its convenience and fastness. However, have you ever thought about how to earn money in GCash?
It may sound strange, but GCash allows customers to make money using its services. You can take advantage of this app in many ways to earn a certain amount of money from this app.
Let’s explore the list below and find your best solution!
Table of Contents
What Is GCash?
Like citizens in other countries, Philippine people have changed how they pay their bills. Instead of receiving paper bills, they can download and install the mobile wallet GCash, a mobile payment service, on their smartphones.
This app enables customers to make digital transactions, including shopping, investing, transferring currency, and paying bills. When your smartphone has GCash, you will feel like you bring all your cash with you.
You can make many transactions anywhere without bringing money or giving anyone access to your bank account or credit card details. Instead, GCash will help you handle these with a login and click. This is much more convenient as it reduces cash in your wallet and saves time.
GCash is a very secure platform, so you don’t have to be afraid that someone can steal your money and private information. The latest version it launches, the safer it is.
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How To Earn Money In GCash
Inviting Other Users
To increase the number of users using the app, GCash encourages you to invite people and earn referral fees. You can make up to ₱1,250 monthly by inviting friends through your referral link.
You will receive ₱50 for each successful invitation. Before you get compensated for the new signup, your referrers must validate their GCash accounts and their first cash-in.
Selling Prepaid Load
You will get a 5% discount on each prepaid load purchased from GCash. For example, if you buy 200 loads, you receive 10 loads back. It may seem insignificant compared to the number you buy, but it will gradually add up over time.
Imagine that when you successfully sell 10,000 prepaid loads monthly, you will raise 500 profit. What’s so amazing! Having many friends and neighbors is beneficial as you can invite them to buy GCash prepaid loads more easily.
Use as Payment Method
This method is applied when you work as a freelancer or own a small business. Customers will scan your QR code to pay you, and you can use GCash to keep track of their payments. By accepting GCash payment services from your customers, you will receive profits for each transaction.
Although there is no fixed amount of money, these payments help you save time and reduce the difficulty of handling cash and receiving payments, especially when your store is full of customers.
Sell E-Credits and Valuable Deals
If you own a physical or online store, you can introduce GCash’s e-credits and valuable deals for your customers, so they can use these to purchase goods from your store.
Your earnings will be based on the profit margin you set and how many transactions are sold daily. For example, customers’ transactions will provide you with a profit margin of ₱10. So, selling 100 deals or e-credits per day will generate a profit of ₱1,000.
Use Cash-Back Function
Do you often go shopping to purchase items, eat out, and travel? GCash has a function that allows you to get cash back after you use the app to pay for these services. With GCash, you can get many discounts and save money, which will be limited if you use the usual payment method, like cash.
GCash frequently runs campaigns that provide extra cash-back for users, so you can freely enjoy these benefits to pay for your living expenses.
Save Money and Earn Interest
The annual interest rate that GCash offers is 3.10%, which is 1% higher if you open a savings account in a Philippine bank. ₱100,000 is the maximum amount you can deposit annually in your GCash savings accounts, which generates up to ₱3,100 for the interest rate.
The PDIC organization will cover your deposits, so don’t worry about your money being stolen.
Play GCash Games
Another way to earn money is to play GCash games. While having fun with these games, you can also have a chance to win fantastic cash rewards. Competitive skill-based games are available on Goama Games, which are either free or require users to pay money.
Joining a tournament will increase your opportunity of making money. However, you will have to pay a small entry fee, then fight for the best positions. You will get cash and other great prizes if you win the games. The harder the challenge, the more you receive.
Invest Money
If you think being an investor is hard and requires deep professional knowledge, GCash will help you make this path easier. It may be a shortcut, but it will bring many benefits besides becoming an investor.
GCash allows users to invest their money with GInvest and get passive income from their holdings. This way is advantageous for people who are beginning to learn investment or want to invest a small amount of money. Even with ₱50, you can invest in GInvest, get passive income transferred to your account, and withdraw it anytime.
Conclusion
This article has provided how to earn money in GCash by listing many ways for your reference. Earning through referrals and playing GCash games are some easiest solutions to help you make money from GCash.
Besides, if you’re a small business owner or freelancer, you can use GCash’s payment method for your clients to get the amount of money and reduce checks and additional fees.
Hopefully, you will find several solutions to help you make money with GCash and get profits from using this popular mobile wallet.
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