How To Earn Money in GCash: An Ultimate Guide

We know that GCash is the best e-wallet to store, send, or receive funds.

But what if I tell you that aside from those things, you can also use GCash to earn money?

GCash offers us a variety of ways to earn–from prepaid loading, investing, playing games, and watching ads to reading news, answering surveys, and so on.

Read on to find out how you can transform your GCash virtual wallet into a money-making digital platform.

Related: How to Earn Money Online in the Philippines: An Ultimate Guide

 

Table of Contents

 

How To Earn Money in GCash in the Philippines

There are two main ways to earn money in GCash. The first is by using the GCash app itself and the second is by using mobile apps or sites that pay through GCash. 

 

Part I: How to Earn Money Using the GCash App

1. Invite friends to use GCash

Overview: Earn PHP 50 within 5 days when you refer a friend to use GCash.

How will I earn? Once your invited friend registers to GCash, gets fully verified and completes the first cash-in transaction, you will receive PHP 50. You can earn a maximum of PHP 1,250 just by inviting friends to use GCash.

How to invite your friends to use GCash

Step 1: Open your GCash app and log in using your 4-digit MPIN.

Step 2: Tap Profile on the bottom right corner of your GCash home screen.

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Step 3: Select Refer Friends on the sidebar menu.

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Step 4: Select the channel you will use to invite your friend.

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You can invite friends through Facebook Messenger, SMS, and QR Code, among others.

Upon selecting your preferred channel, you will be redirected to that channel where you can invite your friends.

 

2. Sell Prepaid Load

Overview: Using your GCash account balance, you can sell prepaid load through the Buy Load feature in the GCash app.

How will I earn? You can sell prepaid loads through GCash’s Buy Load feature and put a mark-up on the prepaid load’s price. For instance, if someone buys a PHP 50 load from you, you may charge a PHP 2 to PHP 3 mark-up to make a profit.

How to sell load using GCash1.

Here are the steps to sell load through the Buy Load feature of GCash:

Step 1: Open your GCash app and log in using your 4-digit MPIN.

Step 2: On your GCash home screen, tap Buy Load.

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Step 3: Enter your recipient’s mobile number.

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Step 4: Select the load amount or load promo.

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Tap the Next button to continue

Step 5: Verify your payment.

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Once you have verified your payment details, tap the button on the bottom of the page. A notification that your load has been received will then appear on your screen. You will also receive a confirmation message via SMS.

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3. Join the “Lucky Load” Promo (Limited Time Only)

Overview: Get a chance to win cash prizes by purchasing load in GCash. Only fully-verified users can join this promo.

How will I earn?

Every time you buy a load in GCash (minimum of PHP 50)2, you’ll have a ticket for the “Lucky Load” promo. If you’re the fortunate one, you can win a maximum of PHP 100,000.

How to join the “Lucky Load” promo

Step 1: Log in to your GCash app.

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Step 2: On your dashboard, click Buy Load.

how to earn money in gcash lucky load promo 2

Step 3: After a successful load transaction, you will get one ticket for every PHP 50 load you purchased. 

Step 4: Once you’ve received the ticket, select 6 icons from the set of 30 icons. Afterward, submit your ticket.

If at least three of your selected icons match the weekly six winning combinations, you’ll be eligible for rewards.

Here are the cash prizes for matched icons:

  • PHP 70,000 for 3 matching icons
  • PHP 80,000 for 4 matching icons
  • PHP 90,000 for 5 matching icons
  • PHP 100,000 for 6 matching icons

In the case of multiple winners, the cash prize will be divided equally to them (e.g, if there are 70 users with 3 matching icons, each winner will earn PHP 1,000 each).

 

4. Play Goama Games

Overview: Are you fond of competitive mobile gaming? GCash will not only provide you a unique mobile game tournament experience but also an avenue to earn money3.

GCash, through GOAMA, provides skill-based mobile game tournaments which you can join to earn money. However, take note that before having a chance to win cash prizes, you have to pay the game’s entry price. Furthermore, a paid tournament lasts only for a week.

How will I earn?

To earn cash prizes, you must be a top scorer and climb up the game’s leaderboard. 

Let us take the game “Run Ninja Run” as an example. After paying its entry price of PHP 10, you can win PHP 500 if you get first place, PHP 200 if you get second to fifth place, PHP 120 if you get sixth to tenth place, and so on.

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How to play a GOAMA game

Step 1: Open your GCash app and log in using your 4-digit MPIN.

Step 2: Tap GLife on your GCash home screen.

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Step 3: Select Goama Games.

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Step 4: Select the tournament you want to join.

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Simply click that tournament and pay its entry price to join the tournament.

 

5. Invest through GInvest

Overview: For as low as PHP 504, you may now invest in different investment funds through GInvest. By investing in GInvest, you can buy asset funds managed by ATRAM, a leading independent asset manager in the Philippines. ATRAM will then lend your invested money to the government or corporations or buy equities from different companies.

Furthermore, GInvest also offers two investment funds managed by one of the leading financial institutions in the country, BPI Investment Management Inc. (BIMI)5.

What’s great about GInvest is that you don’t need to open a bank account to start investing and there are no commission and sales fees. In addition, you can easily track your weekly funds’ performance through the GCash app.

How will I earn?

You will earn in GInvest when you buy asset units at a low price and sell them at a high price through the GCash app. However, there is always that risk of losing money when investing especially if you sell your asset units at a lower price.

How to invest using GInvest

Step 1: Open your GCash app and log in using your 4-digit MPIN.

Step 2: Tap GInvest

If you can’t find GInvest on your home screen, select View all GCash Services first and then look for GInvest.

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Step 3: Answer the Risk Profile Questionnaire.

Once you have answered your Risk Profile Questionnaire, your risk appetite will be revealed. Your risk appetite enables you to select the fund that suits you well.

Step 4: Select investment funds by clicking View Details.

You may use your risk appetite as a guide in choosing which investment to buy. However, you may also buy investment funds that are beyond your risk appetite.

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As of this writing, there are seven investment funds offered by GInvest. Five of these funds are managed by ATRAM while the other two are managed by BPI:

a. ATRAM Investment Funds

  • Peso Money Market Fund – a local fixed-income fund that offers higher returns than common bank deposits. Low risk but offers lower returns as compared to other ATRAM local funds. Starting investment amount is PHP 50. 
  • Total Return Peso Bond Fund – this fund consists of Philippine government and corporate bonds. Best for those who have moderate risk appetite. Minimum investment amount is PHP 50. 
  • Philippine Equity Smart Index Fund – a fund that invests into stocks of private companies such as SM Investment Corps, BDO, and Ayala Land6. Although this fund offers higher returns than the two previous local funds above, this is riskier since it’s fund risk rating is “aggressive”. Starting investment amount is PHP 50. 
  • Global Consumer Trends Feeder Fund – a high-risk investment fund recommended for those who have a long-term investment horizon of at least 10 years. This fund invests in equities on individual consumer needs. Minimum investment amount is PHP 1000.
  • Global Technology Feeder Fund – a high-risk investment fund that invests in international technology companies such as Microsoft, Apple, Amazon, and Samsung7. Starting amount is PHP 1000. 

b. BPI Investment Funds

Both funds below are high risk and recommended for those with a 5-year investment horizon.

  • Philippine Stock Index Fund – a local fund that tracks the performance of  top 30 traded companies in the Philippines. Starting amount is PHP 50. 
  • ALFM Global Multi-Asset Income Fund – a dividend-generating fund that is US-dollar denominated. Each month, you will receive a dividend from this fund that will be directly credited to your GCash wallet. Starting investment amount is PHP 1000.

Step 5: Buy units of your selected investment fund.

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For local funds, you can invest a minimum of PHP 50. Meanwhile, for global funds, you can invest a minimum of PHP 1,000. You will be notified via SMS each time you buy units of your selected fund.

It will take three business days for your orders to be processed. 

 

Part II: How to Earn Money From Mobile Apps or Websites that Pay Through GCash

1. Buzzbreak

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Overview: If you have developed a habit of reading news and watching random videos on the internet, consider turning that habit into a hassle-free way of earning money on the side through Buzzbreak.

This app can be downloaded via Google Playstore. The money that you earn through this app can be cashed out using your GCash account.

How will I earn? Buzzbreak allows you to perform several point-generating activities. These activities include inviting friends, watching videos and ads, reading news, answering surveys, and playing games. You can also earn points through a free spin and by checking in to the app. 

Once you have accumulated enough points, you can convert them into real money and withdraw using your GCash account. You can only cash out once you reach 20,000 points which is equivalent to PHP 1. 

 

2. Milieu Survey

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Overview: Milieu Survey is an app that pays you for every survey you will participate in. Your responses will be used to provide different companies with consumers’ insights. 

This app can be downloaded via Google Playstore. The money that you earn through this app can be cashed out using your GCash account.

How will I earn? Milieu Survey rewards you points for every survey you will accomplish. Usually, there are 2-3 surveys per week. Once you reach 11,500 points, you can cash it out as PHP 200 GCash e-gifts.

Related: How to Work from Home: An Ultimate Guide to the Best Home Based Jobs in the Philippines

 

References

  1. Buy Load. (2021). Retrieved 26 September 2021, from https://www.gcash.com/services/buy-load
  2. G to be lucky and happy this year. (2022). Retrieved 12 March 2022, from https://mb.com.ph/2022/02/24/g-to-be-lucky-and-happy-this-year/
  3. How do I play Goama Games in GCash?. Retrieved 26 September 2021, from https://help.gcash.com/hc/en-us/articles/900003288086-How-do-I-play-Goama-Games-in-GCash-
  4. Invest Money. Retrieved 27 September 2021, from https://www.gcash.com/services/investments
  5. GCash offers 2 new easy, and still affordable, ways for you to become a proud investor now. (2021). Retrieved 12 February 2022, from https://news.abs-cbn.com/ancx/culture/spotlight/12/21/21/gcash-offers-new-easy-affordable-ways-you-can-invest
  6. ATRAM Philippine Equity Smart Index Fund. (2022). Retrieved 12 February 2022, from https://www.atram.com.ph/funds/uitf/ATRPHSE
  7. ATRAM Global Technology Feeder Fund. (2022). Retrieved 12 February 2022, from https://www.atram.com.ph/funds/uitf/ATRGTEC

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