Best And Most Reliable: How to Convert Mobile Data to Cash Easily in Nigeria

So, you have been searching everywhere on the internet wondering if it is even possible to convert your data to cash. You have probably heard you can actually convert airtime to cash, but in your case, it is data you wish to liquidate.

In this blog post, I shall explain everything you need to know about converting your mobile data to cash in Nigeria.

Stay with me.

What Are Mobile Data?

Mobile data, popularly referred to as just "data" by Nigerians, are internet bundle subscription plans offered by mobile network operators in Nigeria. These plans allow subscribers to access the internet, with billing based on the amount of internet traffic (data) sent to or from their devices.

Why Do People Want To Convert Their Data To Cash?

There are several reasons why people constantly look for ways to convert their data to cash. Some of the most common reasons include:

• Mistakenly Recharged Data
• Having Excess Amount of Data Than What is Needed
• Financial Needs
• A Cost Saving Strategy

Mistakenly Recharged Data

Like airtime, it is a very common mistake for Nigerians to buy data or airtime whilst trying to perform a banking transaction.

Having Excess Amount Of Data Than What Is Needed

Due to different reasons such as giveaways, promotions, or gifts from family and friends, some people may end up with more data than they require. Consequently, this prompts them to look for how they can convert the excess data to cash.

Financial Needs

Financial necessity is also one of the several reasons why Nigerians seek solutions that help them liquidate their existing internet bundle for cash.

A Cost Saving Strategy

Nigerians, as part of a cost saving strategy to reduce spending on data, sometimes buy larger quantities of data than they would normally need because they are cheaper. They then proceed to convert the excess to cash.

Benefits Of Converting Your Data To Cash With EDPlugNG

Challenges Of Converting Your Data To Cash

There are several challenges that come with converting data to cash, many of which are a result of restrictions from mobile network operators on transferring data on the network. You need to be aware of these challenges so you are better informed on the possibility of successfully converting your data to cash before embarking on the journey.

Below are some of these challenges:

Not All Networks Support Transferring Data From Data Balance To Another Number

As you need a way to actually send out data to a buyer to convert the data to cash, unfortunately, many Nigerian networks do not allow this. At the time of writing this article, only MTN supports transferring data to another number from your data balance.

Transferring Data From Data Balance Comes With Several Limitations

There are several limitations that come with transferring data from data balance on MTN.

Finding A Mobile Data Buyer

To convert your data to cash, you need a ready and available buyer to purchase your data and pay you cash. This can be difficult as transferred data often cannot be reshared or retransferred, eliminating intermediaries and creating the need to find a direct buyer.

This is why EDPlugNG stands out; we connect you to readily available buyers to make converting your data to cash as seamless as possible.

Types Of Data

It is very important you know the different types of mobile data that exist so you are better informed on which one is applicable to you when converting your data to cash. For the purpose of converting data to cash, these are the two major types:

• Data Transfer Through Data Balance
• Data Gifting Through Airtime Balance

Data Transfer Through Data Balance

This is for people who have already purchased a regular data plan from MTN which is available on their main balance whenever they dial *323*1# on their line. If you are transferring data from data balance this way, the data is mostly referred to as shared data.

Data Gifting Through Airtime Balance

This is the process of directly purchasing a data plan for someone else on the network through your airtime balance, as opposed to a transfer from an existing data balance.

What You Need To Convert Your Data To Cash

Below are some of the requirements you need to convert your data to cash:

• A Mobile Phone With SIM And Data or Airtime on Main Balance
• A Tariff or Data Plan That Supports Either Transferring Data From Balance or Gifting With Airtime Balance
• Knowledge of The Challenges of Converting Data to Cash
• Your Data Validity or Expiry or Category of Data You Want to Convert to Cash
• Knowledge of How to Transfer Data From Your Data or Airtime Balance
• A Bank Account to Receive The Cash

A Mobile Phone With SIM And Data Or Airtime On Main Balance

Note that converting data to cash by transferring out data from balance is only available for MTN. To convert data to cash on other networks, you need to gift data using your airtime balance.

A Tariff Or Data Plan That Supports Transferring or Gifting

Not all tariff or data plans support transferring or sharing data from data balance on MTN, so be sure the tariff plan you are on or the specific data plan you have supports transferring data from your balance. For instance, MTN does not allow you to transfer data from your Value data plan.

Knowledge Of The Challenges Of Converting Data To Cash

Converting data to cash comes with different obstacles. Understanding the challenges of converting data to cash is very crucial in getting you informed on possible obstacles and avoiding them.

Your Data Validity Or Expiry Or Category Of Data

The validity of your data plan or the category of the data plan you want to gift will determine the value of cash you will receive from converting your data to cash.

Knowledge Of How To Transfer Data From Your Data Or Airtime Balance

If you do not already know, check how to transfer data from your data balance on MTN if you want to transfer data from your MTN data balance or how to gift data with airtime balance if you want to gift data with your airtime balance.

A Bank Account To Receive The Cash

To successfully convert your data to cash, you will need a bank account to which cash is paid after transferring or gifting your data.

How To Convert Your Mobile Data To Cash Easily In Nigeria

To easily and effortlessly convert your data to cash in Nigeria, follow the instructions below:

1. Understand the requirements needed to convert your data to cash.
2. Read the terms and conditions binding your usage of the service.
3. Complete the data to cash converter form.
4. Click Convert Now on WhatsApp to Proceed. You will be redirected to a vendor on WhatsApp who will confirm the price and give you further details you need to know.
5. Once you are ready to convert your data to cash, the vendor sends you a number to transfer or gift data to.
6. Transfer the data to the number provided. Check how to transfer data from data balance on MTN if you don't already know.
7. Then, cash will be paid to your bank account once the data receipt is confirmed.

Frequently Asked Questions

Conclusion

Converting mobile data to cash provides a practical solution for salvaging value from mistaken recharges or excess data gifts. While network restrictions exist, platforms like EDPlugNG have simplified the process by providing a secure and transparent marketplace for these transactions.

By understanding the types of data you have and following the correct transfer procedures, you can easily turn your digital bundle into spending cash.

Have you ever mistakenly recharged a large amount of data? Share your experience in the comments below!

The prices are subject to change based on market conditions.