7 Easy Ways to Earn Money in GCash
Everyone knows that GCash is a great app for sending or receiving money, paying your bills, shopping online, buying prepaid load and many more. But do you know that you can earn money in GCash, too? GCash can be an excellent moneymaking app for students, unemployed and even those with full-time jobs who are looking to make some extra cash on the side.
If you didn’t know already, GCash is a mobile wallet app that allows you to make cashless transactions, whether online or in stores. It’s like a virtual wallet that stores your money in your phone so that you don’t have to pay in cash; you just whip out your mobile phone, launch the GCash app and pay via QR code or fund transfer. Mobile wallets like GCash have revolutionized the way we pay and spend money.
Aside from being an e-wallet for cashless transactions, GCash can also be used to earn money. You can either earn money passively, where you do nothing and just wait for your money to grow, or actively, in which you perform a little bit of work. Either way, you can earn money online in GCash with minimal to no risk and with hardly any effort. It may not make you rich but it helps you pay the bills and keep the lights on.
You can earn money primarily on the GCash app, but there are also third-party applications that pay out your earnings to your GCash wallet. We will also discuss these apps so that you can try them out, but the focus of our article is on how to earn money solely using the GCash app. We will also talk about how to earn money in GCash without inviting other people to join.
Disclaimer: This article is for informational purposes only and should not be considered as financial investment advice. We cannot guarantee that you will make money by implementing the methods in this article. Consult a qualified investment professional before making any financial decisions.
Earn Money in GCash by Inviting People
You can earn money in GCash by inviting or referring other people to sign up for GCash. Share your referral link with your friends and you can earn ₱50 per new signup, up to ₱1,250 per month. Your referral should verify his GCash account and complete his first cash-in before you’ll get paid for the referral.
To get your GCash referral link, tap the upper-left menu and select “Refer Friends.” You can then share your referral link via Messenger, SMS, QR code and other mobile apps.
By the way, if you don’t have a GCash account yet, you can use my referral link and get ₱70 worth of freebies.
Earn Money in GCash by Selling Prepaid Load
Another way to earn money in GCash is to sell prepaid load to your family, friends or neighbors. You can buy cellphone load for Smart, Globe, TNT, TM and other networks ranging from ₱5 to ₱1,000, as well as prepaid promos.
GCash offers a 5% rebate on all prepaid load purchases. That means that for every ₱100 load purchase, you will get back ₱5. That’s not much but will add up. If you can sell ₱10,000 worth of prepaid load in a month, you’ll earn ₱500 in pure profit. Not bad!
If you have a lot of friends or neighbors, you can offer to sell prepaid load to them. Every time they want to buy load, you simply buy load for them using your GCash app. You collect the payment and keep the profit. Easy peasy!
Save Money and Earn Interest
If you have some extra money lying around, why not put it into your GCash savings account? Instead of putting your money in a bank account that earns less than 1% interest per year, you can deposit it in a high-interest savings account in GCash.
With GCash, you can earn 3.10% interest per year. You can deposit up to ₱100,000 per year in your GCash savings account, so you can earn up to ₱3,100 in interest annually. All deposits are insured by the Philippine Deposit Insurance Corporation (PDIC).
Your GCash savings account is powered by CIMB Bank Philippines, one of the largest banks in Southeast Asia. It’s available to semi and fully verified users, so make sure that you verify your GCash account first.
To access your GCash savings account, open the GCash app and tap “Save Money.” Click “Deposit” to add money from your wallet and enter the amount you want to deposit.
Become an Investor with GCash Invest Money
You don’t have to attend seminars or read books to become an investor (although they do help). With GCash Invest Money, you can easily invest your money and earn passive income from your investments. You can invest as low as ₱50 and you can redeem your money anytime.
To start investing in the GCash app, click “Show More” and then go to “Invest Money” (under “Financial Services.” You may have to answer a few questions to determine your risk profile. Tap “View Investment Products” to see what investment funds are available for you to invest in. Choose the fund and click “Subscribe” to invest your money into that fund.
GCash Invest Money is a good way to get your feet wet with investing. As with any form of financial investment, there is risk involved. Be sure to educate yourself on the fund’s historical performance and risks before investing your hard-earned money.
Play Games to Win Cash Prizes
Do you know that you can play games and earn money in GCash at the same time? With Goama Games in the GCash app, you can enjoy playing mobile games and stand a chance to win exciting cash prizes!
Goama Games offers both free and paid skill-based competitive games. Pay a small entry fee (as low as ₱25) to join a tournament and compete for the top spots in the leaderboard to win cash and other exciting prizes.
To start playing games, open the GCash app and click “GLife.” Select “Goama Games” and choose the game that you want to play. You can start playing in free tournaments to hone your skills before entering a paid tournament.
Read this article to learn more about Goama Games and how to earn money online in GCash by playing these games.
Apps to Earn Money in GCash
There are various mobile apps where you can earn money in GCash by completing tasks, playing games, referring friends, joining raffle contests, and many more.
Although some users have reported making money with these third-party apps, we cannot guarantee that they will continue to pay out in the future. They might be here today but gone tomorrow. Many such apps have disappeared due to saturation or unsustainable business practices, and some have even turned out to be scams. So before you join a moneymaking program, make sure that you’ve done your research so that you don’t get scammed or waste your time and effort.
However, if you are looking for an income-generating opportunity that doesn’t involve any skill or manual labor, then these moneymaking apps are worth a try. In most cases, it will take many hours of grinding before you accumulate enough money to payout to GCash, so you need lots of time and patience. These apps will definitely not replace your job due to their low income potential, but they’re good enough for some extra cash to help pay the bills.
BuzzBreak is an app that lets you earn points for reading articles, watching videos, installing apps, answering surveys, inviting friends and completing simple tasks. You can even earn points by simply opening the BuzzBreak app. Once you’ve accumulated enough points, you can then cash out your points to your GCash wallet. You can cash out a minimum of ₱1.
By signing up, you will get ₱1 instantly in GCash. Download and install the BuzzBreak app on Google Play and use the referral code B40185982 to earn a bonus reward.
If you spend a lot of time on your phone and you love to read the news or watch videos, you can do it on BuzzBreak and get rewarded for it. Be aware that the app is full of ads (I guess that’s how they make money).
Another app that lets you earn money in GCash is SnippetMedia. It works just like BuzzBreak in which you’ll earn rewards for reading articles, watching videos and inviting your friends. You will earn “Kachings” which you can convert to pesos and cash out to your GCash wallet.
Download the app using this link to earn ₱20 upon signup. You can also use the referral code 3040893 to earn a bonus reward.
To earn more money, you can refer your friends to SnippetMedia. You will earn ₱4 for every new signup using your referral code or link.
Final Thoughts
To summarize, the 7 easy ways to earn money in GCash are:
- Invite or refer other people to GCash
- Sell prepaid load
- Save money and earn interest
- Become an investor with GCash Invest Money
- Play games to win cash prizes
- Earn money with BuzzBreak
- Earn money with SnippetMedia
When times are hard, it’s nice to know that you can earn money in GCash to help you somewhat with your everyday expenses. GCash may not make you a millionaire but it’s still a great way to make a little cash in your free time.
We will update this article as soon as we discover more ways to make money with GCash. Don’t forget to share this article with your friends who might be interested to know how to earn money online using their GCash wallet.
Originally published at https://techpilipinas.com on December 31, 2020.
