Why Recharge Card Printing Business is Not Profitable in Nigeria

Last updated on June 3, 2021

It’s no doubt a Few years back, recharge card printing business was one of the hottest business in Nigeria that created many job opportunities for both graduates and non-graduates. But now the business is fading out, dying and no more lucrative.

At the beginning of the telecoms revolution in Nigeria, most jobless Nigerians saw opportunities in selling recharge cards and running roadside call centres.

Because of the high rate of unemployment in the country, many people dived into alternative business to put food on their table, pay for house rent and other bills. Among those businesses was the printing of recharge card.

Though it requires about N150,000 to start the business in a big way as a wholesaler you can also start with as little as N10,000. 

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All you need to do is to get yourself registered, purchase generated PINS, then print them and provide all willing consumers with them.


Various Methods For Recharge Card Printing Business

recharge card printing business

There are many methods of printing recharge cards for sale which include

Online printing option: You can do everything online these days. It is possible to print these GSM Pins from the website or apply to direct sending of PINs to customers.

POS machine printing variant: While using a POS machine, you are given an opportunity to print these recharge cards on demand. You can start the activities immediately after getting your POS machine. After that, you may start to receive customers’ orders.

Software option: This way, you will get the software from the dealer. The next action is to buy recharge card PINs and send them via e-mail.

E-PIN manager option: You can choose whatever network option you want. You can work with any dealer. It is rather cheap.

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As you can see this is a great business that can make you a self-employed Nigerian but why is it no more recommended or lucrative in Nigeria this 2019? Read on.

Why Recharge Card Printing Business Is Not Profitable In Nigeria


Recharge card printing business in Nigeria

The introduction of the internet and smartphones has really made life easier but it has its own disadvantages. Remember, because of new technologies, many bankers have lost their job to robots.

So, now that there are easier options of buying recharge cards with E-Top platforms, people prefer topping up directly from their phone instead of going to vendors outside to buy recharge cards.

Now, it is easier for customers to purchase products with their phones or pay for goods and services with their cards, making it a lot safer than strapping huge cash around. Also, payment of bills, settling of debts and safekeeping of money is a lot easier

To make the matter worst for offline (roadside) recharge card sellers, the introduction of E Top-Up platforms for airtime recharge has made things easier for customers. Instead of leaving the comfort of their homes or office to purchase recharge cards, they simply dial top-up codes and accounts would immediately be credited.

Once this is done, the monetary equivalent will be deducted from your bank account. This has dealt blow to the recharge card printing business and as it stands now, the business is no more a hot cake and it’s dying.

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This revolution ushered in new ways of doing business and easier ways of making payment. The effects of these new ways of business and financial transactions have been both positive and negative to petty traders and the common people.

In highly developed parts of Nigeria, recharge card sellers are hanging by a thread. Rivers state has about 6.03 million active network subscribers yet a recharge card seller, Mr Elendu Richard bitterly said; “I am thinking of going into another business entirely, the money I make from selling cards cannot cater for my family.

Financial technology has made me think twice. It is clear that financial technology is taking over, if you were planning to go into this line of work, it is advisable to reconsider.”

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Conclusion: Why Recharge Card Printing Business Is Not Profitable In Nigeria

Technology is doing so good as well as harm to some businesses. Are you a recharge card seller? How is the business now? How are you coping?

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  1. Nice Post…..Thanks for sharing

    April 3, 2021

    Recharge card printing business is a lucrative one you can start with a minimum of N35,000 only. You can also make above N450,000 monthly printing recharges and vouchers with the right information and guides from Confidence Communications Limited
    For more information on how you can successfully start your recharge business and make profits from it with our free software and userguide, Call Mr.Allue David on 09081160346,
    Email: confidencecommes@gmail.com
    Buy Recharge Cards And Voucher Pins From Confidence Communications Limited Today and be on the part way to success

    January 16, 2021
  3. Legacy Benjamin said:

    You will not need a lot of special tools for this business. You should only make sure that you have the following:

    1.The working laptop or computer with stable internet connection.
    2.Valid e-mail address.
    3.Recharge card printing machine.-printing press
    4.A3/A4 paper for printing out the recharge cards.
    5.Software for de-encrypting the pin codes which are sent to you.
    6.Starting capital.

    May 5, 2020
  4. Chinedu said:

    Does the Reachage card business have a special machine for printing or any machine, and How do I locate a dealer in other to buy the pin?

    May 4, 2020
  5. recharge card printing is becoming a great source of making money today

    October 18, 2019
  6. Great V I should certainly pronounce, impressed with your website. I had no trouble navigating through all tabs and related info ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your customer to communicate. Nice task..

    May 13, 2019

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