Geegpay Review: Perfect App for Freelancers or Waste of Time?

The first time I heard about Geegpay in Nigeria, the first thing that came to mind was an app for freelancers and workers in the Gig economy.

And when I finally assessed the app, it seems to be designed just as I imagined — an app for freelancers and online businesses in Nigeria.

It's not a perfect app though, and that is why I'm writing this review to help you know the pros and cons of using the Geegpay app for your online business or freelance payments.

Let's get right to it.

How does Geegpay work?

So, Geegpay basically helps online businesses and freelancers make payments and collect payments via international platforms and clients.

At least, that's what's apparent when you first sign up on the app.

Apart from the Home, there are three main sections on the app footer, namely: Cards, Invoice, Accounts.

With cards, you could make payments for services on international platforms. With invoice, you could send prompt invoices for due payments to international clients you work with, and with accounts, you could receive and send payments internationally.

Isn't this what many Nigerian freelancers have been crying out for?

I think it is.

Is Geegpay Real or fake?

The platform looks a real as it gets.

I signed up via the app under 2 minutes, and I was required to complete my KYC by providing a proof of address and verifying my identity via a government-issued ID card.

Basically, this is what all banks in Nigeria require before you can have an operational account.

Once you've completed your KYC, you can then start using the services on the app such as creating a receiving account, and sending invoices.

Users can also view real-time exchange rates and generate account statements for all payments sent and received via their accounts.

How Can You Make Money With Geegpay?

Geegpay is actually positioned to help the Nigerian freelancer focus on making money.

For freelancers on marketplaces like Upwork and Fiverr, Geegpay will come in handy, as you can create a US account with Geegpay and use it to withdraw your earnings on Fiverr and Upwork.

This is especially important, as many of the payment gateways for Nigerian freelancers have been frustrating to use over the years.

For example, PayPal doesn't allow Nigerians to receive payment, and Payoneer has recently started becoming greedy with many exorbitant fees imposed to maintain an account with them.

So, if you're a Nigerian that is focused on making money online, here's Geegpay to the rescue!

How can you Get Started with Geegpay?

To get started on Geegpay, you'll need to provide a phone number and email to sign up on the app, and then a utility bill and government-issued ID card for proof of address and identity verification respectively.

After completing your KYC, you can start creating wallets in USD, GBP, and Euros. These wallets can be used to create cards and funded towards making purchases online.

To start receiving payments with Geegpay, you have to create a virtual account in the currency of the payment expected.

Geegpay will automatically create and activate a virtual foreign account, which can be used to receive payments from most freelance marketplaces or directly from foreign clients.

What Documents are Required for ID Verification on Geegpay?

To verify your identity on Geegpay, you can use your National Identity Number (NIN), or your International Passport.

For faster verification, the international passport is more preferred.

First Impressions on Geegpay?

My first impression with using Geegpay is that it provides a robust solution to many of the problems encountered by Nigerian freelancers.

If you've ever done freelancing from Nigeria or any online business for that matter, you'll already know how difficult it is to make and receive payment in Nigeria.

I remember getting one of my freelance payments stuck on Paypal, and then Payoneer taking a huge chunk off one of my earnings via their yearly fees.

I even lost one of my consistent client due to lack of payment channels to send money to Nigeria. After frustratingly using Western Union to pay me a few times, he decided that he's had enough and the stress wasn't worth it.

Let me not even mention of how I had to find a way around making payments for web services by using crypto and paying through my nose.

The many pains of freelancers in Nigeria can't be written in just one blog post, but I'm glad that a few services just like Geegpay are attempting to solve the most pressing issues for Nigerian freelancers and online businesses.

Is Geegpay Legit or Scam?

It looks legit as far as I can tell.

Apart from partnering with other licensed financial institutions in Nigeria to offer banking services, Geegpay has recently secured an International Money Transfer Operator (IMTO) license from the CBN.

What this means for global freelancers in Nigeria is that they can expect Geegpay to offer a broader range of cross-border payment solutions, to help take their business global.

Positives About Geegpay

The biggest positive for me, is that freelancers can use Geegpay virtual accounts to seamlessly receive payments from marketplaces and clients.

Every freelancers want to get paid without stress after putting in the hard work for clients.

No more virtual globetrotting just to receive your small dollars earned, or paying exorbitant maintenance fees for non-existent services.

If this was 2015, Geegpay would have championed a lot of entrants into freelancing and the digital economy, but I guess it's never too late.

Negatives About Geegpay

I guess this is where I have nothing to say, at least for now.

To be honest, I'm having a hard time finding any negative about Geegpay. Even the fees that some might want to complain about, seems reasonable to me.

I'm guessing that this service was built by a Nigerian freelancer or a group of Nigerian freelancers who have gone through the pain of receiving global payments from Nigeria.

The service just seems to be well-built with the Nigerian freelancer in mind, and that's why it's looking like a sticky product for young Nigerians who work online.

Should you use Geegpay?

For me, it's a no-brainer for any Nigerian freelancer.

There are more upsides than downsides for using Geegpay to make and receive global payment online.

FAQs About Geegpay

How to Use Geegpay to Receive Payment from Fiverr and Upwork

To use Geegpay to receive payments from marketplaces such as Fiverr and Upwork, you have to first create a virtual US account with Geegpay, and then add that account number to your Fiverr or Upwork withdrawal method, after selecting the US Account option.

What is the Cost of Opening a Virtual Account with Geegpay

As of today, there is no cost of opening a virtual account with Geegpay. All virtual accounts can be generated for free. However, there are costs associated with operating such accounts.

To deposit, transfer or withdraw from a Geegpay virtual account, users are required to pay specific percentages in fees.

Can you use Geegpay as a Domiciliary Account?

No, Geegpay virtual accounts cannot be used as a domiciliary account in Nigeria. The virtual accounts provided by Geegpay are for receiving international ACH payments, which acts like a normal foreign account.