The purpose of this article is to educate you on some basics of the recharge card business so that no one can fool you next time about it.

                           Recharge Card Prices information you may not know

The prices of recharge cards are influenced by demand and supply. When there is a huge demand for a network’s recharge card, the price goes up because it is scarce in the market. However, when there is less demand for it, the price drops.

In most cases, the prices of recharge cards go up at the beginning of the month and drops at the end of the month. This is because at the end of the month, most dealers are after meeting their targets and would sell at a lower rate in order to get the commission network providers give to dealers who meet their targets.

But MTN, which is the market leader, has somehow stabilized its price at the market unlike in the past.

From my investigation, MTN sells its N100 recharge card to dealers at N96 and it expects them to sell to sub-dealers and retailers at N96.50k. It came up with this policy so as to stop the sale of its cards above the face value like it happened in the past where the N100 voucher was sold for N110.

For Airtel, the price ranges from N94.50k to N95.50k, depending on who is selling it and the volume being purchased.

For Etisalat, the price ranges from N94 to N95, while Glo goes for N90 to N92.

In recharge card business, the prices of other card denominations are calculated using the price of the N100 cards.

If anyone approaches you to say he can get you recharge cards of any network at rates about N3-5 below the above prices, you should raise a red flag.

Also, if anyone says you can start printing recharge cards as low as N10,000, you should raise an eyebrow because no network sells their recharge card pins to sub-dealers or retailers, but dealers alone, who are like partners in the business with them. In fact, the network providers call their dealers Trade Partners.

If you require further information or clarification, please feel free to use the comment box.