Want to know how to convert airtime to cash and get paid directly to your bank account? Your reading this could only mean one of two things.
First, you added an extra zero or two to the original recharge card amount you wanted to buy, or a friend or family member did, and you want to help them.
Also, you may want to know how to convert excess airtime to cash because someone sent you more airtime than you need, and you want to convert some of the airtime to real cash in your Nigerian bank account.
If any of the above two reasons or a similar situation is why you are reading this guide, there’s a solution on this page!
Can You Convert Airtime to Cash to Your Bank?
We have good and bad news for you. Let’s tell you about the bad news before the good news. Unfortunately, at least for now, there’s no direct way to convert airtime you recharge in error or excess back to your bank account.
If anyone tells you to bring money to help or show you how to convert your MTN, Airtel, Glo, or 9mobile line back to your GTBank, WEMA bank, or any of the banks directly, run! They want to scam you!
The day any Nigerian bank makes a provision for that service will be remarkable.
But as Nigerians, we always find ways around problems or adapt to situations. So, even if you can do direct conversion, there are other ways to convert airtime to cash in Nigeria.
How You Can Convert Excess Airtime to Cash
Some airtime buyback platforms can take your excess airtime and credit your local bank account with cash. As might be expected, the conversion site will charge a commission fee, with the fee often dependent on the network.
Say you convert to cash ₦10,000, you might receive ₦8,000 credit alert, meaning ₦2,000 is the commission fee.
Users say service fees charged by these buyback platforms are high. While that may be true, understand that these platforms are in business to make a profit. They often use airtime bought to sell cheap data to other users.
But don’t worry; we’ll recommend airtime to cash platforms that offer competitive commission fees.
How to Sell Airtime to Cash with Gosub.ng
The first platform we’ll recommend is Gosub.Ng. Here’s how to turn your airtime into real cash with Gosub.
1. Create a user account on gosub.ng or log in if you already have a user account on the website.
2. Tap or click the Airtime menu and then Airtime to Cash.
3. Fill the form according to the information requested. Read the transfer instructions and other terms before proceeding.
4. Click Submit.
5. From your MTN, GLO, Airtel, or 9mobile phone number, use USSD to transfer the amount to the mobile number provided by Gosub. Double-check the number so you don’t send airtime to the wrong mobile number.
There will be situations where a platform is not available for airtime-to-cash conversion, so it pays to have other platform options.
How to Turn Airtime to Cash Using MobileNig
MobileNig is a website that deals with everything related to subscriptions, including airtime to cash-in-bank conversion. Follow the steps below to convert your airtime via the website.
1. Visit MobileNig.com.
2. Click on Get Started to register or log in if you already have an account.
3. Click or tap the Convert Airtime to Cash menu.
4. After reading the terms and conditions of the service, click Next and fill in all requested details.
5. Tap or click Submit.
6. Manually from your phone transfer the airtime to the phone number provided by MobileNig.
Note: After converting your airtime to cash on any buyback platform, you may be required to verify your BVN before adding your bank account information for cash withdrawal.
If you don’t want to use online websites due to high commission fees, we have two bonus methods for you.
Sell Your Airtime to Individuals
If you’re part of an online WhatsApp or Telegram group, you can advertise the excess airtime there. Your chances of selling are high, especially if the community is about tech or freelancing.
Many people in these groups are heavy internet data users. Providing a discount may encourage more people to show interest.
Then, ensure the person you are selling to is legit. If not, you risk getting scammed.
Sell Your Airtime to Local Businesses
You may also try your luck with your area’s mobile money operators known as POS agents. You may be lucky to meet an agent interested in buying your airtime.
How to Manually Transfer Airtime on All Networks
Don’t know how to transfer on your network? Here are the latest transfer codes for all Nigerian lines.
· MTN: Dial *321* Recipient Phone No. * Airtime Amount * PIN#
· Glo: Dial *131* Recipient Phone No. * Airtime Amount * PIN#
· 9mobile: Dial *223* PIN * Airtime Amount * Recipient Phone No. #
· Airtel: Dial *432*1* Recipient Phone No. * Airtime Amount * PIN #
Wrapping Up
If you recharge airtime more than you intend to from your bank account, converting the excess back to your account is possible. Use the four methods discussed in this article to convert airtime to cash in Nigeria.