Hello house

I was wondering about the mobile money by MTN. Does it mean that i can change my phone credit to cash or what?

Please those using it can help explain. Thanks.

You see i beleive there is a gold mine if one can easily convert the credit to cash using the banks. For instance lets say you use your phone to generate traffic for advertisement and the people pay you by transferring credit as a mode of payment, say N200 for you to advertise their products.

what do you think?

Airtime or recharge card real value is usually less than the face value due to discounts and other hidden taxes you cannot see unlike mobile money which gives you exact value.

In essence, a 200 naira recharge card is just worth 200 naira for calls, MTN cannot convert that to physical cash or mobile money value becos they gave the 200 naira recharge card out to vendors less than the face value, converting it to cash to you would result in a loss to them.

^^ Thanks for the advice, but this will be a nice business dont you think?

Still think thet there may be a possibility... lets say now that i have bought the N200 credit for phone calls. Instead of using it i deceide to sell it to MTN, who buy it but instead of paying me N200, they pay me N170 into my account. Now the N30 will cover the bank charges and their gain.

It sounds plausible dont you think?

Honestly, if this can come into effect, it will be wonderful.

[I thought about this two years ago.
It will be great if it can be done.

quote author=unphilaz post=16545636]Still think thet there may be a possibility... lets say now that i have bought the N200 credit for phone calls. Instead of using it i deceide to sell it to MTN, who buy it but instead of paying me N200, they pay me N170 into my account. Now the N30 will cover the bank charges and their gain.

It sounds plausible dont you think?[/quote]

[quote author=FakaF post=87453106][I thought about this two years ago.
It will be great if it can be done.

quote author=unphilaz post=16545636]Still think thet there may be a possibility... lets say now that i have bought the N200 credit for phone calls. Instead of using it i deceide to sell it to MTN, who buy it but instead of paying me N200, they pay me N170 into my account. Now the N30 will cover the bank charges and their gain.

It sounds plausible dont you think?[your head dey there
]