I first heard of Moneygment from an Instagram post of Neri Miranda before, I was curious but didn’t try it right away. I was finally able to try Moneygment to pay my SSS Contribution yesterday. I usually use GCash and PayMaya to pay my SSS contributions, but SSS was removed from GCash billers (under the government category) and SSS is not working in PayMaya.
I am a voluntary-paying member of SSS. I had to settle my January 2020 contribution before June 30, but I can’t go out to the nearest SSS branch near me because of the limited means of public transportation (due to the Covid-19 virus) and the two other apps I use to pay my government contributions won’t accept SSS at the moment. Then I remember about Moneygment, so I decided to download it and give it a try.
You can input up to ten profiles under one Moneygment account. Meaning, I can add my Dad’s profile in my account. According to Moneygment, they are recognized by the government agencies and they are in the process of getting their own collecting accreditation. But for now, they have partners who are accredited by those institutions and who process the transactions.
With the Moneygment app, you can pay your SSS, Pag-IBIG, and PhilHealth (currently unavailable) contributions. You can also send money to bank accounts, remittance centers, and you can also transfer to other people’s Moneygment accounts.
Sounds good, yes? I was convinced because of the convenience they are offering me.
To add funds to your Moneygment account:
- Tap “Go to wallet“
- Tap “Top Up“
- Input the amount you’d like to add. I input 900.
- Choose how do you want to pay. I chose to pay with Dragonpay.
- Then tap “Proceed“.
- Select payment mode for Dragonpay. I selected Mobile (GCash).
- You will then be redirected to Dragonpay interface where you will have to select GCash again.
- Input your GCash number. Verify it with the one-time PIN (OTP) you will receive through text.
- Input your GCash MPIN.
- And you’re done!
I received my Moneygment funds transferred from my GCash account instantly. I then proceeded to pay my SSS contribution.
Since I already generated a PRN (payment reference number) from the SSS website, I tapped the “Already have PRN?” on Moneygment and I input my PRN there. This is what happened next:
I tapped confirm, and that’s when I found out that they have a service fee of 25 for my 900 pesos contribution. Not sure if you’ll pay more service fee if your contribution is more than 900. If I knew, I would have topped up the exact amount since there’s also a transaction fee transferring money from GCash to Moneygment. That’s the only hassle part for me.
I decided to add 50 pesos more to my Moneygment account. Had to pay 80 pesos in total for that. 20 pesos transaction fee with Dragonpay and additional 10 pesos with GCash.
I really thought the payment will reflect in my SSS account right away, but it didn’t. I guess it’ll be posted in my SSS account after three working days.
After paying my SSS contribution, I was left with 25 pesos in my Moneygment account. Not sure if I’ll be able to use that, but we’ll see.
The total amount I spent to pay a 900-peso contribution was 1,010 pesos.
By the way, you can choose to deposit your funds to: Moneygment’s own bank accounts, 7-Eleven, ECPay, and PayPal.
It’s great that we have Moneygment as another option to pay our government contributions, but I wish GCash will accept SSS payments again because it was really easy and payments are posted in real-time and there’s no transaction fees.
Have you ever used Moneygment to pay your government contributions? If yes, what do you think about it? If no, will you try it?
Let me know what you think.