In today’s age of side hustles, people are constantly seeking new ways to earn extra income. If you’re one of them, the solution might already be in the palm of your hand. GCash has evolved far beyond its early days as a money transfer platform. Now, it’s a versatile financial app that offers various opportunities to help you earn money. Here are some tips and tricks to make the most of GCash to boost your income.
Requirements for Earning Money with GCash
To start earning money through GCash, you must be fully verified. The process is straightforward. First, make sure you have your GCash-registered mobile number and a valid government-issued ID. Then, log in to your GCash account and click on “Verify Now.” Choose the option for full verification, upload a photo of your ID, and take a selfie. After reviewing your information, tap “Next.” Verification can take as little as 24 hours.
How to Make Money with GCash
Once you’re fully verified, you’re ready to start earning. There are multiple ways to make money through the app:
- Invite Family and Friends to Join GCash For every successful referral you make, you earn ₱50. GCash allows users to refer up to 25 people each month, with a cap of ₱1,000 in earnings. You can share your referral code via SMS, QR code, or other messaging apps.
- Sell Prepaid Load Selling prepaid load is another way to earn money. Simply go to the “Buy Load” section and stock up. Then, resell it with a profit margin of ₱3 to ₱5 per transaction.
As an example, if you sell load 30 times a day with a ₱5 profit per sale, you could earn ₱150 daily, or ₱4,500 a month!
- Play Money-Earning Games GCash has tapped into the mobile gaming community with its play-to-earn games. Platforms like Goama and mgames offer fun, casual games where players can earn money.
In Goama, you’ll need to pay a minimum of ₱15 for each tournament entry, giving you seven days of unlimited play. mgames, on the other hand, requires purchasing tokens for ₱15 each to join various games. Many tournaments offer cash prizes, and for most games, you can earn 1 peso for every 100 coins collected. With consistent play, you could earn up to ₱300 per month.
- Earn Cashback Vouchers Spending money doesn’t always mean losing it. GCash offers cashback on various purchases, including drugstores, supermarkets, cinemas, and bills. With a cashback rate of 1%, you can earn back a percentage of your spending. For instance, if you spend ₱10,000 on eligible purchases, you could earn ₱100.
- Maximize Savings with GSave GSave, partnered with CIMB, offers an attractive 2.6% annual interest rate. You can open an account with GSave and grow your funds with interest earnings up to ₱173,000 (around USD 3,100) for balances of up to ₱5.5 million.
- Invest in GFunds With as little as ₱50, you can start investing with GFunds. The platform offers professional money management with a range of fund types, including conservative, moderate, and aggressive options. The two main fund types are Unit Investment Trust Funds (UITFs) and equity funds, which vary in risk and returns. Diversifying your investments is recommended to manage risk and maximize returns.
- Get Tickets for the Lucky Load Weekly Draw Buying prepaid load through GCash offers extra benefits. For every ₱50 load purchase, you’re entered into the Lucky Load weekly draw, where you could win up to ₱100,000. If there are no winners for consecutive weeks, the prize pot accumulates, increasing your potential winnings.
- Refer Jobs to Others Through the GCash app, you can earn up to ₱4,000 for job referrals. Filter available positions by location, job type, and industry. There are many roles to choose from, ranging from accounting to retail management, and new job listings are refreshed regularly.
- Stay Updated on New Opportunities GCash frequently adds new earning opportunities, so it’s important to stay updated. You can look forward to part-time jobs, quick tasks like surveys, and other income-generating activities that pop up on the app.
Now that you’re familiar with how to earn money using GCash, you can start growing your savings. To maximize your earnings, stay informed about new features and income opportunities. Another useful tip is to take advantage of prepaid promos like Globe’s Go59, which offers 5GB of data for just ₱59. You can use the data to binge-watch content, play games, or learn new skills that will boost your financial growth.