How to Convert Regular TM Load to GCash in 2024 – 4 Easy Methods
The GCash app no longer converts extra prepaid loads into GCash. GCash’s 2016 website cannot convert Globe prepaid loads into GCash cash. The app also had a “Cash In,” however that has been removed.
The GCash app no longer supports this feature; however, there are alternatives as of 2024. However, third-party programs like Load2Cash charge large fees and take longer to process. Another option is to discount your load and receive GCash from the buyer. This may allow you to receive value from your prepaid load even after the formal methods are gone.
Convert TM Load to GCash With Load2Cash App
First, you need to create your GCash account. Then, transfer the TM load to GCash by following the steps below.
Important Info Before Using Load2Cash for GCash Conversion
Easy steps to Converting TM Load to GCash via Load2Cash
1. Login or Create an Account
- To sign up, open the Load2Cash app and either log in with your existing account or tap Create an account.
2. Check your load balance
- Your current balance will be displayed at the top of the screen (e.g., ₱831.00). This is the amount of load that can be converted into cash. If it doesn’t show, you can check the manual by reading our latest article on how to check balance in TM.
3. Convert the prepaid load to cash
- Tap the Convert button on the home screen.
- Select the amount of load you want to convert (e.g., 15 loads to ₱7.50).
- Confirm the conversion and proceed.
4. Cash Out Your Converted Load
- To withdraw your converted load, go to the Cashout section.
- Choose a cash-out method, such as Cebuana Lhuillier or Palawan Express.
- Enter your full name and the amount you wish to cash out. Make sure all your details are correct to avoid any issues.
5. Get a confirmation and wait for the payout
- After submitting the cash-out request, you’ll receive a reference number for tracking.
- The app will provide a payout date (e.g., December 20, 2020) so you know when to collect your cash.
6. Track your transaction history
- To view all of your transactions, go to the Transactions tab. You can see details such as the transaction ID, load amount, and whether it’s pending or completed.
7. Update Your Personal Information
- You can update your profile by going to User Information. Ensure your name, contact details, and email are up to date for smooth cash-out processing.
Convert TM Load to GCash With Load to Cash App
The Load to Cash app allows you to convert prepaid loads into GCash, PayMaya, Coins.ph, or bank accounts. It deducts your load balance through direct carrier billing and transfers it to your platform. It is different from the Load2Cash app and allows you to send payments to your bank easily.
The app figures out the fees from both the payment provider and the phone company. For example, to get ₱350 in cash, you’ll need ₱670 in load. This is because you’ll need to pay a carrier fee of ₱70 and a gateway fee of ₱250. It takes about two days to change. Once completed, you can choose a cashout site such as GCash, PayMaya, Coins.ph, or a bank like BDO or BPI. Just type in your account information. After you request cashouts, the app will tell you when you’ll get your money the following month.
Step-by-Step Guide to Converting TM Load to GCash Using the Load to Cash App
Step 1: Log in or Sign Up
- Open the Load2Cash app.
- If you already have an account, enter your email and password to log in.
- If you don’t have an account, tap Register to create one.
Step 2: Learn How the App Works
- Tap the How To section for a quick overview of how to use the app. This will help you understand the basics of converting loads to cash.
Step 3: Check the Privacy Policy
- Visit the Privacy Policy section to understand the handling of your data. It’s important to be informed before using the app.
Step 4: Use the menu
- The menu lets you navigate the app. Here are the main options:
- Home: Takes you back to the main page.
- Convert: Start converting your load to cash.
- Cashout: Cash out the load you’ve converted.
- My Outlets: View available cash-out options.
- Settings: Manage your account information.
Step 5: Convert your load
- To turn your prepaid load into cash, tap Convert.
- Choose between regular or continuous conversion (continuous gives you a 10% fee discount if you convert every month for 12 months).
- Select how much load you want to convert. The app will show you the fees for telco and processing.
- To finalize the process, tap Convert.
Step 6: Check Your Balance
- After conversion, your balance will be updated. You can check your transaction history here and see how much load you have.
Step 7: Cash Out
- Once your load is converted, go to the Cashout section.
- Pick your preferred cashout method, like GCash, PayMaya, or a bank transfer.
- Enter your account details and submit your request.
Converting TM Load to GCash Through the Facebook money Exchangers
To convert TM load to GCash, start by searching for “Load to GCash” on Facebook. This will lead you to various traders who offer the service. Before proceeding, make sure to check their reviews and feedback to ensure they are trustworthy. Be cautious and only deal with reliable traders to avoid scams. By following these steps, you can safely convert TM load to GCash.
Transfer Your TM Load to Another Person
You can sell your TM load to someone else and receive cash in return. However, this method requires that both people have GCash accounts linked to the same phone number. If you want to learn how to share the load on TM, check out our guide for simple instructions.