Payday is a new finance app that allows you to make financial transactions in both local and foreign currencies. This article on the Payday App review will provide all the information you need about the Payday App and whether it’s safe to use.
Your takeaway from this article will be:
What Is Payday App?
The Payday App is an application that allows its users to send and receive money in Nigeria from anywhere in the world.
The Payday App enables its users to:
- Have total control of their financial transactions
- Request immediate payment
- Create virtual cards for online purchases
- Comfortably keep track of their inflow and more
The app has a user-friendly interface, offers many features and benefits, and is relatively safe for iOS and Android users. So, whether you want to send money to family and friends, pay school fees abroad, or exchange funds globally, Payday can help you.
Is Payday App Legit?
The Payday App is a legitimate financial service provider that enables users to access online payments without border restrictions and enjoy quick transfers. TalentMatch Inc., the owner of Payday App, is a registered financial service provider in the United States.
The app has been featured in media outlets such as CNBC, Forbes, and TechCrunch, which shows its credibility.
However, as with other financial service providers, ensure you understand the app’s terms and conditions.
Features of Payday App
The Payday App has some features that make it one of the best payment platforms for freelancers and business people.
I will explain each of the features in this section:
- Instant borderless money transfer
- Virtual card payment
- Online bill payments
- Foreign account access
Instant Borderless Money Transfer
Payday offers the opportunity for you to get virtual USD, GBP, and EUR accounts. This provides users with a convenient way to manage their funds globally.
Hence, with your USD, GBP, and EUR accounts, you can send, receive, and save money in multiple currencies. So, with the Payday App, you can transact without border restrictions and enjoy a wide range of financial services.
Virtual Card Payment
Payday provides a virtual card payment feature that allows you to make online purchases without exposing your personal banking information. You can also send and load money on your virtual dollar card and use it like an ATM card.
Online Bill Payments
The Payday App also has a feature that enables you to make online bill payments. On the platform, you can pay for your electricity bills, subscriptions, and the like.
Foreign Account Access
With this feature on the Payday App, you can create foreign accounts even though you are in Nigeria. For example, you can open a USD or GBP account where you can transfer and receive money without border restrictions or high fees.
Benefits of Using the Payday App
With the amazing features that the Payday App possesses, here are the benefits you will get from using the app:
Benefits of Payday App
- Convenience and ease of use
- Security measures
- Global accessibility
- No hidden fees
Convenience and Ease of Use
With the Payday App, there is no delay in verifying deposits or making withdrawals, unlike some other online financial platforms. They verify and accept payments quickly, and withdrawals are processed within seconds.
Security Measures
When using the Payday App, you can be sure your account and information are secured. Here are the measures taken by Payday to secure their users:
User authentication protocol
This requires you to submit your personal information and financial details of your account status before accessing services.
Encryption technology
Data collected is stored securely on the Payday servers using an encryption technology, and user data is not shared with third parties.
Payment token
Payment information is tokenised for protection from fraudsters.
Email notification
a notification is sent to your mail when any activity is done on your account.
Global Accessibility
Payday provides access to a wide range of global transactions without border restrictions or, delays in payment processing or high fees.
No Hidden Fees
Users of the Payday App enjoy fair exchange rates and borderless limits to their financial transactions. With Payday, you also enjoy low conversion rates with no hidden fees.
How to Use the Payday App
Now, let me show you how to use the Payday App. Here are the steps to use the Payday App:
- Create an account
- Verify your account
- Make transactions
- Use the virtual card.
Creating an Account
To create an account on the Payday App, follow these steps:
- Download the Payday App from the Google Play store on an Android phone or the Apple Store on an iOS phone.
- Agree to the security terms and conditions
- Press “Join Payday”
- Type in your First and Last name
- Type in your Email Address and Password
- An OTP will be sent to your Email Address; type it in
- Select a Paytag
- Set up the PIN code and confirm the PIN code to complete your registration.
Verifying Your Account
Here are the steps to verify your Payday account:
- Login to your Payday account using your Email address and Password
- Click on Verify your account
- Choose the country whose Identification (ID) card or Passport you hold
- Fill in your personal details to complete the verification.
Making Transactions
After verifying your account, you can fund your wallet.
Here is how to fund your wallet with naira:
- Click on the drop-down menu at the top of your dashboard to switch accounts (USD, EUR, GBP, NGN)
- Choose your NGN
- Click on the Swap button to swap NGN to USD, NGN to EUR and more.
- The funds will be credited to your wallet
- Share your account with clients to receive payments.
Note that the Payday dollar-to-naira rate is dependent on the prevailing market rates, so it is not stable at any point.
Using the Virtual Card
The Payday App only accepts one Visa card, one Mastercard, and one Verve card per account at the moment. Once there are funds in your wallet, navigate to the card page on your app dashboard and click “Top up” with the amount you desire.
After you have topped up your virtual card, you can start using the virtual cards for online purchases on Amazon, Netflix, and more.
9 Cheapest Virtual Dollar Cards in Nigeria That Still Work
Payday App Referral Program
The Payday App referral program is a system provided by Payday to reward users when they refer other people to the platform. When you invite someone to the platform, you get 3 USD as a reward immediately.
What you have to do is register on the app (as shown in the previous section) and apply for your referral code. After applying, you have to log into your account, copy your referral code, and start referring others. You can make use of your social media accounts to refer people.
However, for you to get the bonus, your referrals must open an account on the Payday App and perform some transactions.
Also, note that you have to complete your registration verification and make a transaction before you can copy your referral code. You will earn 3 USD for every referral to the platform.
User Experiences and Reviews of the Payday App
As with other financial service platforms, there are user experiences with the Payday App. The Payday App reviews from customers are both positive and negative.
The Payday App has 3.1 user rating reviews on the Google Play Store as of August 2023.
Positive Reviews
- Users give credit to Payday customer care support for their prompt resolution to challenges and problems faced on the platform.
- Users also enjoy the ease of transacting with overseas stores and Google Play subscriptions.
- Also, the Payday App allows seamless transactions, though some transactions may take longer to go through. The App does everything it says it does.
- Users say the App has an excellent User Interface for all your transactions.
Negative Reviews
- Another user complained about the photo verification on the app that it isn’t working anymore.
- Many users also give negative reviews about the Payday App exchange rate, which is higher than the market rate.
Customer Service of Payday
To contact customer service support of the Payday App, you can send emails to support@usepayday.com. You can also join the Payday Twitter community at @ourpaydayHQ.
Payday App Alternatives
There are other worthy alternatives to the Payday App, depending on your preference. They are
- Geegpay
- Grey.co
- Chipper Cash
Let me explain each of them;
Geegpay
Geegpay provides Africa’s freelancers and remote workers an instant and functional way to get paid by their foreign clients faster. As with the Payday App, Geegpay offers virtual dollar cards for transactions with fair exchange rates.
You can download the App from the Google Play Store or Apple Store and register an account with them. Finally, their customer service support is known to be fast in responding to user’s challenges. Watch out for our article on Geegpay review coming shortly.
Grey.co
Grey.co, formerly known as Aboki Africa is a platform that enables Africans to open foreign accounts so that they can make and receive foreign payments. Grey offers USD, EUR, and GBP accounts for Africans.
Grey.co Review: Your Comprehensive Guide To Maximising Earnings
Chipper Cash
Chipper Cash is a payment app that allows people to send and receive money from across the world without border restrictions. You can download the Chipper Cash app from the Google Play Store and Apple Store, open an account and use their virtual cards.
The Chipper Cash virtual cards can be used for online purchases where Visa cards are accepted globally with no extra costs.
How to make money on Chipper Cash
how to get Chipper Cash virtual cards
Payday App Review – Final Thoughts
This Payday App review is geared towards giving you a clear understanding of how the app works and its safety for freelancers and business people. Payday is one of the simplest ways for people in Africa to send and receive payments to and from anywhere in the world.
With Payday, you can have a wallet (USD, GBP, or EUR) that can accept international transfers and a virtual card you can spend anywhere.
Payday App Frequently Asked Questions
Can I Receive Money Through Payday in Nigeria?
With the Payday App, you can receive money swiftly from anywhere in the world due to their borderless restrictions.
Is Payday App Safe?
The Payday App is relatively safe to use. However, because it is still new, user experience has shown some hiccups in usage. So, it is important you use the app with caution; don’t put all your money in there for now.
How to Use Payday in Nigeria?
To start using Payday in Nigeria, you need to follow these simple steps;
- Download the Payday App from your Google Play Store or Apple Store, as the case may be
- Create an account on Payday
- Verify your account
- Start making transactions
- Use a virtual card.
Who Is the Owner of Payday?
Payday is owned by Favour Ori, who is the CEO of Payday Global.
Which Country Uses Payday?
African countries use Payday to send and receive money from anywhere in the world.
How Much Is Dollar to Naira on Payday?
The exchange rate on Payday depends on the prevailing market rates. So, there is no fixed rate of the dollar to naira on Payday.
