In the internet era, things are changing rapidly, with different innovatory solutions popping up every now and then. Financial technology, online marketing, making money online, and affiliate marketing are the new normals, and many solution providers have come into action to provide such solutions.
Nobody can guarantee the legitimacy of such services until they have tried or researched them thoroughly.
Some services are actually legit and help people make money. In contrast, many other businesses have shady practices that raise questions like if these services are legit or not.
Cash Chat is also one of the recent services that have become viral, and many people are signing up for the app due to the promise of making money while socializing. At the same time, there are many doubts about the gimmicky app and its legitimacy.
But is Cash Chat actually a legit app or not? We have researched a lot and read different reviews and what we found is incredible. However, you will need to read the full article to find out what the app is about and how you can earn money with it.
What Is Cash Chat App?
Cash Chat App, available for Android users, is a fintech, marketing, and advertising app that works on the online money-making business model. Pesamoni Ltd. has launched the app as a P2P payment app that can also be used to socialize with your friends, pay the bills, send or receive money, and earn passive income by marketing & advertising.
The old name of the company’s fintech product was Bold Cashers. But it was operational through the website online. The company operates in several countries and has many enticing user features. The company launched an Android app that can be capitalized on by mobile users as well.
Whether you want to share multimedia with your friends, chat over text messages or send voice notes, the Cash Chat app has the functionality to do so. Besides, the users can also purchase airtime from the app.
If we talk about the company behind the digital app, the company was incorporated in 2017 under the Companies Act 2015 as a Private Limited Company. The country of origin is Kampala, Central Region, Uganda, and the company has scaled up as an internet startup. Although available in several countries, you can send or receive money from anyone in Uganda, Rwanda, and Kenya.
What Are Features Of Cash Chat?
Here are the main features of the Cash Chat App are as follows:
Socializing With Friends
The team behind the Cash Chat App has developed a solution to make socializing with friends, colleagues, and family easier. There is a lot of socializing features that you can capitalize on to enjoy a full social media experience.
Texts, Voice Notes, And Multimedia Sharing
When it comes to communication features, the app lets you enjoy several messaging features within the app. You can send text messages, voice notes, videos, audio, etc., with the app. It is a preferable app to use the internet to send messages. Therefore, you don’t have to worry about standard SMS fees when chatting via the Cash Chat app.
Pay Utility Bills
You can also pay utility bills with the app at a discounted rate, increasing the attractiveness of the fintech app.
Send And Receive Money
You can send money or receive money across East Africa to anyone. You can send and receive money without worrying about the borders and fees. Besides, the app allows you to withdraw the received money anywhere within East Africa. The permissible methods of withdrawing money are MTN Uganda, Mpesa, and MTN Rwanda.
Group Chat Feature
The Cash Chat app has full functionality of different chatting features, including the group chat option. You can create groups of your friends, family, or colleagues or for marketing purposes.
The best thing is the maximum limit of members you can add to a group. You can create a group of up to 1000 members, change the group’s name, customize notification and group settings, and more.
Voice And Video Calling
When the app has so many chatting features and capabilities, it would be incomplete if Cash Chat didn’t allow the users to make voice and video calls. Cash Chat allows you to make free voice calls and video calls over the internet(WiFi or Cellular Network).
Make Money
Now comes the most awaited feature of the app that everyone looks forward to. Yes, we are talking about making money via the Cash Chat app.
You can make money by taking on marketing and advertising tasks within the app. In the next section, we will discuss several ways to make money with the Cash Chat app.
Different Ways To Earn Money With Cash Chat
Here are different ways you can utilize the Cash Chat app to earn a passive income for yourself:
1. Affiliate Marketing
Affiliate marketing is a type of promotional marketing where the marketer will earn commissions on sales of other companies or businesses. When a marketer promotes a product or service, and his audience uses his affiliate link to make a purchase, he gets a percentage of sales as his commission.
You can earn passive income as an affiliate marketer with the referral program of Cash Chat. According to the official website of Cash Chat, a participant can earn up to 1000 Ksh by inviting others to join the Cash Chat platform.
Affiliate commissions work when you send an invitation to a friend, he activates the account, and you receive the commission, and you can withdraw your earnings as per the outlined method. You can maximize your commissions by trying out different strategies to get more people to activate their accounts. Different mediums to promote the app are YouTube, blog posts, social media, etc.
2. Cash Chat Advertising
You can make some bucks by acting as a Cash Chat advertising agent. The company has laid out a complete procedure to register yourself as an advertising agent and earn commission by advertising products and services of Cash Chat.
The Chat Cash agent is basically a b2b model where the agent’s job is to convince different advertisers to capitalize on the platform for product promotions.
How much do you earn by acting as a Cash Chat Agent?
Well, you can earn a big commission of 20% for every conversion. For instance, if you convince an advertiser to use the platform and he pays a fee of Ksh 25000 to the app, you can make about Ksh 5000 as commission. Sounds alluring; you can try it!
3. Spinning Wheels
It might sound gimmicky, but there is a spin-to-win contest on specific days in a week for all members. Every member can earn between Ksh 10 to 450 on each spin. However, these spin wins are not promised and depend on the member’s luck.
4. Cash Chat Status Views
Status upload is a very common and popular feature among all social media apps, be it Facebook, Instagram, or Whatsapp. Cash Chat app also has the feature of status uploading, but the twist is that you can also make money by doing this.
Status Views program lets you earn per status view. The views work like YouTube ads that play before the video starts. Similarly, when you choose to be part of the program, the number of people who watch your status, you get a Pay Per Impression commission.
The amount you earn per ad depends on the bid of the advertiser through Cost per Mile(CPM). CashChat defines CPM as the amount an advertiser is willing to pay for every 1000 views. You get a percentage of the amount as your passive income.
It is a good way to earn money if you have a lot of contacts and you update the statuses on a regular basis. The status View program is still new, and many features might roll out in the coming days.
5. Savings On Cash Chat
Last but not least, if you keep a certain sum in your Chat Cash wallet for a specific time period, you get entitled to a 15% annual interest rate on the amount. You can simply keep the amount you earn from passive means in your account to earn a good sum of interest.
What Is The Cost Of Joining The Cash Chat App?
Joining the Cash Chat app is not free, and every member has to pay a joining fee or subscription fee at the time of account creation. The amount of joining fee is Ksh 1500 for every signup. It’s a one-time fee, and you don’t have to pay the amount recurringly.
Once you activate the account, you get back Ksh 200 from the company.
Final Verdict –Is Cash Chat Legit?
We discussed different aspects of the Cash Chat app, the features it offers, and how you can capitalize on the app to earn money. If you want to know about the app’s legitimacy, rest assured that it is a completely legal business model run by a registered company. The simple social app can turn into a passive income stream if you have extensive networking skills and potential to earn by marketing. However, it is only beneficial for the members residing in East Africa as withdrawal is not possible in other regions of the world.