Why I Don’t Like Chipper Cash Anymore: My Honest Thoughts

Have you ever fallen in love with a service, only to feel like it betrayed you later on? That’s exactly how I feel about Chipper Cash. Let me tell you why.

Hi, I’m Simon Zaku, and I’m passionate about sharing honest reviews and personal stories that can help you make better choices - whether it’s for business, finances, or life in general.

Today, I’m diving into my experience with Chipper Cash and why I’ve chosen to move on to a better alternative.

To Begin with, what is Chipper Cash?

What Is Chipper Cash?

Chipper Cash is a financial technology platform that provides mobile-based services for seamless money transfers, virtual cards, and payment solutions.

Founded in 2018, the app initially gained popularity as a free and easy way to send and receive money across Africa.

It later expanded its offerings to include international transfers, virtual dollar cards, and cryptocurrency transactions.

The platform is available in multiple countries, including Nigeria, Ghana, Kenya, Uganda, South Africa, and the United States, making it a versatile solution for personal and business transactions.

What Attracted Me to Try Chipper Cash

1. Free Transfers (Initially): Chipper Cash was known for enabling free peer-to-peer money transfers, especially within African countries.

2. Virtual Cards: Users can create virtual dollar and naira debit cards for online purchases and subscriptions like Netflix and Amazon.

3. Cross-Border Payments: The app supports international transfers to and from African countries and the US, with the promise of fast transaction speeds.

4. Cryptocurrency Transactions: Chipper Cash allows users to buy, sell, and transfer cryptocurrencies such as Bitcoin.

   
   

The Honeymoon Phase: Why I Loved Chipper Cash

I still remember when I first discovered Chipper Cash. Funny enough, I was the one who referred my friends to the app. Back then, Chipper Cash was the dream.

Here’s what hooked me:

• Free Transfers: I could send money without worrying about charges.

• Free Dollar Card: Creating a virtual dollar card for international transactions was seamless and completely free—no hidden fees, no creation costs.

• Ease of Use: All I needed to do was upload my correct credentials, and I was good to go.

For a while, it was pure bliss. I used the app for free transfers and dollar card transactions, and everything worked smoothly.

The Decline: Where Things Went Wrong

But, as they say, nothing good lasts forever. Slowly but surely, Chipper Cash began introducing charges.

First, they added a fee to obtain a naira card. Then came charges for the dollar cards. Eventually, even their conversion rates skyrocketed.

And honestly, that was the dealbreaker for me.

Here’s why:

1. High Fees: Their charges became way too high, especially compared to the CBN dollar rate.

2. Poor Conversion Rates: When I compared their rates to other platforms, I realized I was paying a lot more.

I even did a side-by-side comparison with Binance, and guess what?

Binance was cheaper and far more reliable.

At that point, I couldn’t justify sticking with Chipper Cash anymore.

My Go-To Alternative: GeegPay App

When I stopped using Chipper Cash, I discovered GeegPay - and I haven’t looked back since.

Here’s what I love about GeegPay:

• Affordable Fees: Their charges are reasonable, and their conversion rates are far better than Chipper Cash.

• Reliable Services: Creating a virtual card is simple, and I’ve never faced any issues.

• Great Customer Support: Their team is responsive, and their email newsletters are super helpful.

GeegPay has been my go-to for a while now, and I honestly can’t recommend them enough.

Cons of Using Chipper Cash App

1. High Fees: Although initially free, Chipper Cash now charges fees for many of its services, such as obtaining cards and some transactions.

2. Poor Conversion Rates: The app’s dollar-to-naira and naira-to-dollar exchange rates are often higher than those of competitors, making it expensive for currency exchanges.

3. Limited Customer Support: Some users have reported delays or unresponsiveness from the customer service team.

4. Unpredictable Changes: Over time, Chipper Cash has introduced several fees and policy changes that have frustrated loyal users.

5. Crypto Fees: While offering cryptocurrency services is a plus, the associated fees can sometimes be high compared to other platforms.

   
   

Final Thoughts

Chipper Cash started as a free, convenient app, and for a time, it lived up to the hype. But with the high fees and poor conversion rates, it’s no longer the right fit for me.

Thankfully, platforms like GeekPay exist, and they’ve proven to be a much better alternative.

If you’ve had a similar experience or want to try out GeegPay, I’d love to hear your thoughts!

Simon Taki Zaku,

Founder, CEO, IbiFoundry.com.ng

For Ibifoundry.com.ng/blog.