Here in this post, we are going to show you how to convert MTN airtime to cash In Nigeria using Cashbudy.
Alright, MTN subscribers, gather around, this one is for you. Now, the majority of us have been in a situation where we’re in need of extra cash to meet some urgent need, yet someone sends us airtime instead, but airtime isn’t what we need, money is, and now we can’t get someone to buy the airtime, so we begin to wonder “can I convert this airtime to money?”.
Then there’s also the time when you have an abundance of airtime on your line, and you really don’t know what to do with it, so you begin to wish that maybe there was a way to convert all this airtime to some money.
Some of us are even there now, or why else would you be reading this article? Well, let’s start by telling you that there is a way to convert airtime to cash in your bank account, a number of ways actually. And it isn’t really all that stressful.
All you’ll be needing is a bank account, data connection, and MTN share and sell. Here in this article, were going to show you how to convert MTN airtime to cash in Nigeria.
MTN share and sell
MTN share and sell is an airtime transfer service from MTN that allows you transfer airtime from one MTN mobile number to another.
With MTN share and sell, you can transfer airtime from as low as N50 up to about N5000. You can also transfer airtime of about N10,000 in a single day.
Now, you’re probably wondering how MTN share and sell comes into play in converting MTN airtime to cash. Well, most of the airtime to cash services in Nigeria require MTN share and sell to help you convert the airtime into cash.
Now, for those of us who do not know how to use MTN share and sell, we’ll put you through briefly before moving on.
How to use MTN share and sell.
MTN share and sell is a service that is available on every MTN sim card. However, before you’ll be able to use the service, you’ll be required to change the default pin, which is 0000, that comes with the sim.
To do this, simply send a text message with the format DEFAULT PIN, NEW PIN, NEW PIN to 777. For example, if your preferred new pin is 1234, then the send an SMS with the text 0000 1234 1234 to 777.
You’ll get a confirmation message that your pin has been changed successfully. It’s that simple. Having successfully changed your pin, you can now start transferring airtime credit from your mobile line.
Transferring airtime credit is also not that difficult. To do this, simply send a text message with the format TRANSFER, RECIPIENT’S NUMBER, AMOUNT, PIN to 777.
For example, say you want to transfer airtime of 1500, you simply send a text message with ‘Transfer 09031713378 1500 1234’ to 777. Once you’ve done this, you’ll get a text asking for confirmation of the transaction.
To confirm the transfer, simply send YES to 777. Once the transfer has been completed, MTN will notify you with a text to this effect. Now that we’ve seen how MTN share and sell works, let’s see how you can convert MTN airtime to cash.
Convert MTN airtime to cash using Cashbudy.
Based in Lagos, Cashbudy is one of the airtime to cash online platforms in Nigeria that help convert airtime to cash and deposit it in your bank account.
Undoubtedly one of the most recognized fintech startups in Nigeria for 2019, launched in August 2018, Cashbudy has since risen to be among the best fintech startups enhancing financial inclusion in Nigeria, Cashbudy was selected for Startup Bootcamp Lagos Fast- Track, Startup Bootcamp Capetown Top 60 and Techcircle Pith2Win Final 10 held in Lagos early 2019.
What stands Cashbudy out is that you do not necessarily need to create an account with them to carry out your transaction, as they have a Quick cash option that allows you convert airtime to cash quickly without any sign-up requirements.
All you have to do is, log on to their website at www.cashbudy.com and scroll down to the airtime to cash option. Once you click on it, you’ll be required to select the airtime conversion mode you would prefer to use.
For MTN subscribers, select convert via airtime transfer. You’ll then be given an MTN phone number to transfer the airtime to using the MTN share and sell method we discussed earlier.
Once you’ve successfully transferred the airtime, enter the amount you transferred, the amount you want to be transferred to your bank account, your phone number and relevant bank details in the spaces provided to you, then click on deposit.
Your airtime to cash transaction will be processed in no time. Please, note that the minimum deposit through this medium is N500 which is the lowest among the platforms in Nigeria and that there’s a 20% service charge on all airtime to cash transactions.