Palmpay 1 Million Shield – Everything you need to know

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The safety and security of your money is now important than ever. With PalmPay 1 Million Shield, you can now rest assured that your funds are protected.

Let’s delve into the features and benefits this new Palmpay feature protection plan brings to the table.


Funds Protection Guarantee

Your hard-earned money is in safe hands with PalmPay. Enhanced security measures have been implemented, allowing them to make payments confidently while safeguarding their finances.

Advanced Risk Management

Utilizing top-notch safety protocols, PalmPay’s system meticulously analyzes transactions, effectively identifying and preventing fraudulent activities before they occur.

High Compensation Coverage

Users are covered with an additional enhanced coverage of up to N1 Million annually, ensuring up to N50,000 compensation on each transaction for any losses stemming from unauthorized transactions.

How to Join Palmpay 1 Million Shield

Subscribing to PalmPay’s 1 Million Shield is a breeze. Follow the steps below

  • Login to Palmpay
  • Click on the ‘Me’ tab
  • Scroll down and click on 1 million shield
  • Click on ‘Join for Free’
  • If qualified, you’ll be added to the program immediately
  • If not qualified, keep on using the app, or you can contact Palmpay customer care

Applying for Compensation

In the unfortunate event of a loss, users can submit the required information via the application page within the PalmPay app or reach out to the dedicated customer service team for assistance.

Frequently Asked Questions (FAQs)

What are Eligible Losses?

The shield provides compensation for direct losses resulting from unauthorized transactions, giving users added security against potential financial pitfalls.

Unauthorized Transactions

Any payment or activity not authorized by users constitutes an unauthorized transaction. It’s crucial to safeguard the PIN and OTP—sharing these means authorizing a transaction. At PalmPay, they never request this sensitive information.

Here are transactions not covered

While PalmPay strives to protect users, certain scenarios fall outside the coverage. Instances such as successful fund transfers where goods or services aren’t delivered as promised or transactions authorized by sharing the PIN or OTP are not covered.

Receiving Compensation

Rest assured, if a user’s application is authenticated by PalmPay, the compensation will be swiftly and automatically transferred to their PalmPay balance account.

Users can join PalmPay today and experience the freedom of transacting securely with the added shield of financial protection. Safety matters, and with PalmPay’s 1 Million Shield, users’ funds are in trustworthy hands.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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