Business-Buying And Selling152 Comments

Recharge card business in Nigeria is very lucrative, provided you have enough money to start and run it effectively. It is a business you can start anywhere in the country without fear of low patronage provided there is GSM Network services and people are living there. Once you have the money to start, you are good to go in your own little way.

This business is capable of making you good money if you do it well. I wrote a my first book on “GSM Business” in 2008 but have since retired it since most of the subject matters are no longer relevant in today’s market. The business changes day by day and you need to know about these changes to stay afloat.

SEE ALSO: Top 15 Business Ideas That Makes Money In Nigeria

No business has been hyped and over hyped as does Recharge Card Printing Business in Nigeria in recent time due to selfishness and desire for quick gain. Contrary to Seminars and eBooks claims, Recharge card (printing) business is not a business you can start with N10,000 and becomes profitable. No, it’s not possible to make reasonable gain with that amount except you are mixing it with another business as a fraction of your existing business.

E.g: You have a provision store and decides to sell recharge card as part of your provision items, or you have restaurant and decides to offer recharge card sells as compliment to your  food business, mainly to satisfy your customers so that they can relax and load their phone after eating without having to move around to buy it. This way, the little gain you make from the recharge card will add up to the general gains in your business

If you want to start recharge card business as “Independent Business” that is, selling only recharge voucher on a small scale, you must start with nothing less than N100,000 if you really wants to make reasonable profit. The reason is because the profit margin per card is so low that you have to sell plenty to make any visible gain. That means you have to start as a wholesaler, selling in bulk to retailers who combines it with other businesses.

Profit In Recharge Card Business

The profit you make per N100 recharge card is not more than N5. Therefore, for N10,000 worth of cards, you will be making N5 x 100 = N500. So, how do you expect to become a millionaire with just N10,000 recharge card that yields about N500 profit?

However, if you start the wholesale with N150,000 and sell to retailers, you are sure to sell N100,000 worth of cards everyday as long as you have good customer base. Each customer buys more than N5,000 daily while some buys as much as N50,000. Therefore, N100,000 cards will earn you N5x1000 = N5,000 per day which is a good gain! Hence, the gain in recharge card business starts from wholesales of N100,000.

SEE ALSO: Other Small Business Ideas That Can Be Done From Home

Use the Facebook like buttons below my profile to share this article with your friends on Facebook and Twitter who may be searching for eBooks on how to start recharge card business with N10,000 and make N200,000 daily so that they may discover exactly how the business works and be wise.

In this article, I will try and put you through on how to start recharge card business in Nigeria at any level and make your profit according to the level you are operating on and your start up capital.

How Recharge Card Business Works

There are three levels of recharge card business and each of these level or category offers profit that is proportional to the investment capacity.

1. Recharge Card Retailers

Retailers are recharge card business persons who buys from wholesalers at cheaper price and sell to end users at the cards surface price – the price written on the card. They make average of N5 per N100 denominated cards and earn total profit of N500 to N1,000 daily.

Recharge Card Retailers in Nigeria

This type of recharge card business is best when combined with other business or if the retailer is in a place with high traffic and huge demand for recharge cards. N10,000 is the perfect capital for this.

2. Recharge Card Wholesalers

These ones buys directly from the Dealers at reduced price and sell to the retailers who in turn sells to end users. Wholesalers make average of N5 per N100 cards and sell high quantity of cards daily. As a result, they make more profit base on much sells. Average profit they make per day is between N5,000 to N15,000.

SEE ALSO: How Errand Services To Busy Rich People Can Make You A Millionaire

Reasonable start up capital for wholesale is from N100,000. This way, your profit will be appreciable. If you are good in business and have N100,000 I’d recommend you start with wholesale level. Recharge card business at this level is very good and profitable with the potential to earn you N150,000 monthly.

3. Recharge Card Dealers

These are recharge card Franchisees or merchants who buys both the cards and PINS in large quantity directly from the mobile operators. Or from another company that has direct franchise with the mobile operators. This category comes in various forms, there are dealers and there are mega dealers.

Dealers sells directly to the wholesalers who then sells to the retailers. You will requires millions of naira to enter the dealership level, starting from N10 million.

Now that you know what GSM Recharge card business in Nigeria involves, let me know your preference among these categories. Make a comment below stating the level you wants to start from and possibly why.

Ask questions base on what you would like to be included in the next articles. The next article on recharge card will be according to your interest.

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  • salome deekae September 16, 2013

    About the recharge card business,I prefer the retailers one,I want to know how to go about it.thank you

    • kunle August 15, 2017

      I can help anyone who is having issues with starting a recharge card business because engaging second party is what the company I work for is into . If you are interested you can reach me. I am based in Lagos.

  • Anonymous September 16, 2013

    Would like to start off with recharge card dealers. Can you explain me more in terms of numbers if I start with 10 million nairas

  • Don Promzy September 16, 2013

    thanks for this info. i will be glad if u can help me with a list of some genuine dealers

    • Darlinton Omeh September 18, 2013

      All dealers are genuine, it's just a matter of you work in with your money and buy if the dealers price is okay by you.

    • Anonymous January 8, 2015

      i would to be in the second category which is the whole sale. but how do I get a direct link from a dealer. I am base in delta state

  • Don Promzy September 16, 2013

    thanks for the info, i'd b glad if you can list some genuine dealers names and contact info. thanks

    • Darlinton Omeh September 18, 2013

      There are dealers all over the 36 states and FCT. It's not something we can just list few dealers from one state neither do we have database of all dealers.

  • agbamuedward October 13, 2013

    i think the wholesale is preferable. this way you can also have retail outlets

  • Anonymous October 18, 2013

    What are the steps of becoming a dealer? Thanks for the infos.

  • Anonymous October 21, 2013

    i sincerely appreciate your effort and really thank you for helping Nigerian find what to do

  • Anonymous October 23, 2013

    Thank you Sir for your thoughtful write-ups. I wish to start as a wholesaler and need a list of reliable wholesales in Oyo State. Will i have to pay a subscription fee to access the database? If yes i am not averse to it, kindly detail out the requirements needed to achieve this. Thank you Sir.

  • folusho elujoba October 30, 2013

    Pls I want the contact of a dealer,i want to start as a wholesaler

  • crown cook November 2, 2013

    pls sir i will be greatful if you can help me with the name and contact of where to buy the pins for printing

  • ILIAS DOLAPO November 26, 2013

    would you help me with the wholesale

  • Anonymous December 10, 2013

    I am grateful for the info on the business above, I will like to be a wholesale dealer for the recharge card. I will appreciate it if I can have info about the reliable recharge card printing dealers that I can buy from them. I am based in Lagos. Once again thank you.

  • Victoria December 10, 2013

    I am grateful for the info on the business above, I will like to be a wholesale dealer for the recharge card. I will appreciate it if I can have info about the reliable recharge card printing dealers that I can buy from them. I am based in Lagos. Once again thank you.

    • Darlinton Omeh December 10, 2013

      Unfortunately, I wouldn't be able to recommend anyone… I will be a lot more easier if you can go out there and look for a dealer that you can agree with.

      This Printing stuff is a total sham propagated by the Nigerian Seminars organizers. You have to be a mega dealer to get PIN from the telecoms companies and print profitably, it's just a secure way of delivering the bulk airtime, there is nothing special about it. All you need to do is to buy the already printed cards from dealers at a reduced price and sell as a suppliers/wholesaler or retailer.

      • Anonymous December 11, 2013


      • Wahab Lasisi June 8, 2016


      • DonaComm. November 21, 2017

        We are pin dealers. If u need recharge card pins for all networks, please contact us. We are located in Lagos State.

  • Victoria December 10, 2013

    D notify me is not coming up

  • Anonymous December 16, 2013

    Thanks for the information. please i need the contact of the dealer that i will be transacting the business with as a wholesale am base in Lagos.
    please do recommend one for me, cos i don't even know any body to meet

  • Anonymous December 16, 2013

    Thanks so much ,pls give me a link to set up my recharge card biz

  • Hussaini Lawal December 26, 2013

    I wish to start as wholeseller i.e. N100+k. What are limitation regards this kinda level of recharge card business?

  • Hussaini Lawal December 26, 2013

    Thx 4 d info. What are the limitations of a wholesales recharge card business?

  • JJC December 29, 2013

    Pls I need a detailed explanation concerning the wholesale. How much exactly do I buy like say 100 etisalat N100 voucher?

  • Anonymous January 12, 2014

    So as a wholesaler are you saying that i don't need to buy pin and print it out?

    That all i need is to buy already printed card in bulk from dealers?

    • Darlinton Omeh January 12, 2014

      Why incurring the extra cost of printing when you are just a wholesaler? Forget about those GSM Recharge Card Seminars deceptions and face real business

  • Anonymous January 12, 2014

    Thanks my dear. I want to really start this business as soon as possible.

    Can you please tell me any dealer you know of that are in port harcourt, i stays in port harcourt.

  • crown cook January 15, 2014

    This information could have been awesome if you list the companies that we could buy the pins from for printing.. Please do that for us to make this article complete. Without that it would be like a car without tyres to move on. Please

  • margaret elah January 22, 2014

    pls sir,d recharge card dealing business can't one start with a figure below ten million naira(10m)?

  • Anonymous February 8, 2014

    Thank you sir, for the info. I started as a retailer last year, but have wanted to start as a whole seller, I inquired from the whole seller I used to buy from, and he told me I needed #500,000.00 naira to start up, ever since I have been discouraged cuz I thought I could start with #100,000.00. Thanks for putting me through.

  • Anonymous February 10, 2014

    please i also wish to start as a retailer, please help me with the whole seller details.. Please i need it.. I need a whole seller that i can buy the pin from please. Thank you..

  • Anonymous March 9, 2014

    Mr Darlinton after reading through the comments in this article I come to the conclusion that business is not for everybody. A true business inclined person will find this article sufficient and do the rest by themselves. And can one as a business man be asking a career coach to give him list of dealer to buy from. Such people who want to be spoon-fed on everything should not venture into business.
    Also, to be a balance coach attempt to also include some pitfalls so that prospective venturers will know what they are up to, eg, a mega dealer should know he will be dealing with millions of naira on a daily bases and must put security factors like iron protector and vaults incase thiefs broke in, etc. Well done all the same

    • Darlinton Omeh March 9, 2014

      You have it spot on, I just hope that most people will be able to learn how to take it from here and not wanting us to do everything for them. Thank you for your insightful comment

  • Anonymous April 26, 2014

    I must give you credit for uploading this businesses ideas to people on this blog. This will actually help a lot of people who are trying to figure out profitable business they could do in home country motherland Nigeria. Especially the Nigerians that lived abroad. I personally acquired some things from this articles. Keep doing the good work. Thanks a million.

  • Anonymous June 2, 2014

    How do I start the wholesale part, and pls can you help me with a dealer in cross river state?

  • Anonymous June 2, 2014

    How do I start the wholesale part, and pls can you help me with a dealer in cross river state?

  • Anonymous June 8, 2014

    u can go 2 where cards are sold in bulks and ask dem, dey can also introduce u 2 a dealer or go to mtn office.

  • Anonymous June 24, 2014

    In Lagos……..where & how can i get in contact with the Dealer as a new person who's interested in Wholesales level…..?? (Mr Sunday Joseph)

  • Anonymous June 26, 2014

    Darlington you did a good one here but I am a bit confused that Wholesalers have no need to print the PINs. I am not in anyway saying you are wrong but this is the first time I am coming across this info in all the stuffs I have read about recharge voucher printing. Can you explain this further stating the difference between when one can print the PIN and when not.

    • Darlinton Omeh June 26, 2014

      Is there anything special about the "printing" that it has be to a subject? Why would you like to take up extra cost of buying the papers to print out the PIN when you can get already printed out PIN from major dealers who have the capacity and logistic to do that conveniently?

      You see, the Recharge Card Printing stuff is one of the hoax the seminar organizers have been feeding on for years. Even Citiserve too advantage of people's ignorance to sell useless POS at exorbitant prices in the name of printing PIN.

  • Anonymous July 20, 2014

    i have 50kcan i be a whole saler

  • Anonymous July 24, 2014

    Good info, thanks a lot but how do i locate a dealer in Port harcourt.

  • Anonymous August 2, 2014

    I really appreciate your precise orientation on this business. How can I get a dealer as I will
    Love to be in the group of wholesaler

  • Olayinka Bello September 8, 2014

    To be candid with anyone who is interested to invest in wholesales recharge cards, 100k is not advisable for wholesales, the stress is not worth it! There is discrimination in the market, your quantity will determine the price. Wholesales recharge card is a very lucrative business, atleast with minimum of 300k start up, 120k is guarantee monthly! Turnover in recharge card is endless! Your capital will determine monthly turnover.

  • Anonymous September 22, 2014

    Pls drop ur contact number

  • Anonymous November 19, 2014

    Buy the pin 95 naira each and also buy already printed pin 95 naira each what is the big deal there better carry 100k go buy bulk of already printed pins and save the time of printing them, with labour and printing sheets. nawa nija evry thing na money for seminarians

  • Anonymous December 18, 2014

    Big Kudos n tanx 4 diz rich info.

  • Anonymous January 2, 2015

    Ur number pls

  • Philip January 31, 2015


  • Anonymous June 17, 2015

    darlinton i want to start as an wholesaler pls help me

  • tegodon January 19, 2016

    pls give me a link to the dealers to start up my recharge card biz of difference networks

  • TONY January 31, 2016

    I need their contact pls

  • Livia February 3, 2016

    i like to start with the second category which is the whole sale. but how do I get a direct link from a dealer. I’m based in Lagos and I want to start as soon as possible. And I also want tips or advice on how the wholesalers sell to the retailers. I mean price and how it is calculated.

  • mustapha Tajudeen February 6, 2016

    Hi pls send me ur contact

  • Ufuoma Ovie February 26, 2016

    Thank you sir for your write-up. I am interested on the part of the whistler, but please sir how do I go about it. Thanks

  • Fosunsolution April 6, 2016

    Does one POS cover all the networks? Estimated price PIN.also does one pin cover all the networks? I want to print my cards. How is your registration fee?do you train people? Thanks.

  • Fosunsolution April 6, 2016

    Pls does one PIN cover all the different networks? What is the estimated price of the PIN? Does one POS cover all the different networks?. Do l have to buy both of them? How much is your registration fee if applicable. Thanks.

  • samuel T. April 10, 2016

    helloo mr Darlington,i want to get something clear here,let me start this way…iam a wholeseller now,i buy from the dealers in bulk and sell to the retailers,lets asume there are 21recharge cards printed on one voucher and a retailer make 5naira profit on per recharge card on the,my question is,how much am i as a wholesaller havin as a gain per 1recharge card on the voucher bought from the dealers?is it thesame 5naira gain as the retailers? thanks for your light plz

  • Irobo Emmanuel April 18, 2016

    I am Emmanuel, pls i want 2 start as an wholesaler.. How do i startl

  • olaleye David April 21, 2016

    olaleye David
    i want to start as an Wholeseler ;How can I do it

  • SeunVic April 21, 2016

    I want to staqt as an wholeseller, pls give me current guide.

  • Ichado SD Derek April 24, 2016

    , thanks for the enlightenment especially on the printing stuff, why would one want to incur extra costs even when they are already printed ones. Was actually carried away by the printing stuf of a thing

  • sunnybest April 30, 2016

    tanx a lot but what am interested to is how to do data business. like example buy data in bunk and sell to customers at cheaper price. someone I used to buy data from tha I told I want to be an agent and he I show bring customers to him first. but I have been bringing customers to him but he refused to make me agent . I will be glad if u show me the way tanx.

  • lady G May 4, 2016

    How much will printing cost

  • Ololade May 18, 2016

    Thanks for the info. Kindly help look into how profitable this biz can be now that people tend to buy directly from their bank account. GOD bless you; amen!

  • Henry June 5, 2016

    Please I will like to be an wholesale how can I go about it.

  • AFOLABI June 6, 2016


  • Emmanuel June 21, 2016

    A bit confused,if a retailer buys at 95 naira to sell at 100 naira with a profit of N5 on each N100 card, how much then is the wholesaler buying to make the same N5 gain? Is it N90? Thanks a lot.

  • Favour Philip July 17, 2016

    Thanks for the information,but buying cards from a dealer deos it mean one particularly network or various networks from one dealer?

  • bioladavies September 13, 2016

    Thanks for this eye opening information. But I want to know how much a wholesaler will buy directly from either a mega – Dealer or a Small Dealer. Since a wholesaler will sell to retailer at. Cost of #95.

  • Gecki September 15, 2016

    How do I start the recharge card dealer business

  • Respect January 8, 2017

    Am interested in the wholesalers category….how do I get contact or Dealers in jos plateau state?

    • ubpaul March 7, 2017

      What are the necessary equipment to start up the business as wholesaler

      • Mr Onuora November 8, 2017

        Hello ubpaul, if you are in Enugu, I can offer you brand new 3 in one printer as many as you want at a cheap prices.
        The printer is ALL-IN-ONE meaning that it has 3 functions which include:
        Printing, scanning and photocopying.
        Call me(08167327119) if you are interested to buy from me . thanks.

  • franklyn krystabel June 10, 2017

    Please how do I go about wholesales

  • SEGUN AJIBOLA July 19, 2017


  • Adebayo john August 1, 2017

    Sir please i need the wholeseller level

  • Gideon August 14, 2017

    Thanks sir for opening my eyes sir

  • Rotimi September 30, 2017

    Hw to b cum a wholesalers pls

  • pastor Ben chuks October 6, 2017

    Where can I buy pin & do I need to register before buying any pin?

  • PARNESS October 26, 2017

    i’m from abia state, aba precisely…plz i need a contact of a closed dealer so dat i can start d biz 2mro…interestd in wholesale

  • Amos. A. D October 30, 2017

    I want to start the wholeseller, put me through, i base in abuja.

  • aishat oloye November 19, 2017

    how can start recharge card printing

  • DonaComm. November 21, 2017

    If u need epins for all networks, airtime top up for all networks, pos for utility bills, airtime and fund transfer, feel free to contact us DonaComm. We have clients across Nigeria and beyond Nigeria.

    • basil ejiofor December 6, 2017

      I want to start up a recharge card business in Nigeria
      am from Aba Abia State am serious about starting they business I have computer and white printer
      will be glad if am being helped out

    • Chinedum December 12, 2017

      Please I need it, this is my Number 08128596767

  • Moses yakubu December 26, 2017

    Good information but how can one get in contact with the dealer if one want to be a wholeseller

  • Victor Adejoro January 4, 2018

    I’m in Egbeda, Lagos. How can I get the nearest Dealers around?

  • Alozie Kingsley January 5, 2018

    Am Kingsley pls I want to start from wholesale level because I don’t another business to join it with, I can’t go for dealers level cos I don’t have millions

  • Alozie Kingsley January 5, 2018

    Am Kingsley pls I want to start from wholesale level because I don’t another business to join it with, I can’t go for dealers level cos I don’t have millions this my number

  • Atobajaye Azeez January 19, 2018

    Pls share with me

  • Isola January 22, 2018

    Great info For spectacular business

  • Rose January 26, 2018

    Thank alot for the info, please I’m interested in the wholesaler deal, thanks

  • Nuhu nimlan January 28, 2018

    Beware of Godsfavour epin,,,Godsfavour Oyibe &Ededa Nwemyim ltd,afrocommerce communication ltd one and the same person scammer and fraudster they use sterling bank 0025820358 NWOJI C ONYIBE,09026700188 BEWARE THEY ARE FRAUDSTER AND SCAMMERS

  • nuhu nimlan January 29, 2018

    Beware of this people listed below they are fraudster and scammers Godsfavour epin ,, net communication,afrocommerce communication ltd
    Godsfavour Oyibe & Ededa Nwemyim Ltd.Nwoji C Oyibe using phone number 09026700188 sterling bank account 0025820358 ..I was a victim beware

  • ZiccoMoni January 29, 2018

    I will really love more enlightenment because I need it and to start as soon as possible.

  • James February 5, 2018

    I want to start from Wholesale level

  • lasisi ajani February 6, 2018

    pls sir how can i get the pin for printing who i am going to contact
    thanks sir

  • onile emmanuel ibitayo February 12, 2018

    i want to start from wholesale, how can i contact you

  • Joan February 15, 2018

    I will like to start as a wholesaler. How can I get the training and how do I start. Thanks

  • Lasma February 16, 2018

    I want yo start as an wholesaler but I need trainging so how do I go about it

  • John February 18, 2018

    @ Darlington, Please I need contacts of those dealers in Portharcourt and God will bless you for it. I am tire of fraudster called pin dealers.

  • Adebayo Emmanuel March 1, 2018

    i want to start from wholesale, how can i contact you

  • kayode March 12, 2018

    please, I want to start from the wholesale level….. kindly reply me

  • katayeyanjue adeola March 21, 2018

    i want to be printing by myself please any help

  • Umar-lebEzeaku March 23, 2018

    I want to start as a wholesaler in recharge card biz …can 200k b enough?

  • Anayo April 4, 2018

    Goodevenin am interested in the whole sale how do I meet a dealer close to ikotun.please reply via my email.

  • EWORO AMAECHI CYRIL April 5, 2018


  • Amzi Jannai April 7, 2018

    I’m interested in starting as a wholesaler, even if it involves some good amount of naira. Please how do I start it up. Can you help me with some details of dealers so that I can buy from them. Please reply via my email address. Thank you.

  • SAMX April 9, 2018

    does it mean both N10 and N200 cards have same amount of profit?

  • Emmanuel Hassan April 11, 2018

    Pls how can I be a dealer

  • Tina April 19, 2018

    good day to u mr/ms…please how can i start up a recharge business with 50k…and how much profit can i make per 200 voulcher ……kindly put me through i will appreciate if u acknowledge this please

  • Collins April 25, 2018

    Hw do I start off with the wholesale level? I need more details on how to get the right dealers to buy pin
    07064401796 whatsap

  • Prosper April 27, 2018

    Hi, please I’m interested in starting the recharge card business at wholesale level ,how do I go about it.

  • Pls I want to start with printing recharge cards, how can I start without millions involved? Atlest maybe 100k

    • Peace April 30, 2018

      Please i want to start this Recharge card business as a wholesaler, please how can i start

  • ABRAHAM NSE May 9, 2018

    Please how can i start this business

  • john tumba May 15, 2018

    l will like to start as a wholesaler, but how can u educate me on lt

  • Adie Godwin Agel June 11, 2018

    I will like to start as a wholesale pls I need a dealers number pls but we don’t bagan for this pls

  • omolara onye June 12, 2018

    how do i start the wholesales and pls can you help me with a dealer in lagos island & ojodu berger

  • Akeem Ayodele June 16, 2018

    How do I start as a whole seller in Agege, Lagos.

  • Joy June 17, 2018

    How do I start the wholesale one

  • Jamiu adewale June 27, 2018

    Pls I am interested in the wholesale .pls I need a reliable distributor from Oyo state because I am living in Igboho.

  • Adewumi July 1, 2018

    Hi, please I’m interested in starting the recharge card business at wholesale level ,how do I go about it.

  • Jennifer July 5, 2018

    plz how do I start printing recharge card

  • Aboro Ngozi July 17, 2018

    thanks so much for this information.
    I want start the wholesale, what are the necessary step I need to take?

  • Arum Chidimma August 6, 2018

    Pls am interested in being a wholesaler l will a contact of a dealer am in surulere

  • Oluwashina September 16, 2018

    Pls i will like to have contact of a dealer cos am intrested in wholesale, am in ibadan

  • Ochoche David October 3, 2018

    This article is truly informative and engaging. but if you never mind i have similar article that could benefit your readers. thanks, How to start recharge card printing business in nigeria

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