Moniepoint POS Machine Price, Charges and How to Apply in January 2024
Moniepoint POS Machine Price, Charges and How to Apply in January 2024: Discover all you need to know about Moniepoint POS machine, including its price in Nigeria, charges, and how to get it.
As the demand for POS machines continues to rise in Nigeria, Moniepoint provides a popular solution that enables businesses to accept cashless payments easily, while making agents significant profits. Read on to learn more about Moniepoint’s services and how to apply for their POS machine.
What is Moniepoint POS?
Moniepoint POS is a popular cashless payment solution in Nigeria that enables businesses to accept payments easily. It is a payment system that accepts electronic payments like cards, bank transfers and mobile payments.
With Moniepoint POS, businesses can quickly and conveniently process transactions and offer their customers a seamless payment experience.
Moniepoint POS is designed to be user-friendly, with a simple interface that makes it easy for anyone to use. Additionally, Moniepoint offers various services such as airtime top-up, bill payments, and money transfers, which enables businesses to offer additional services to their customers.
To get started with Moniepoint POS, businesses need to sign up for an account, purchase the POS machine, and download the Moniepoint app. Moniepoint POS charges are affordable, and the company offers excellent customer support to its users.
Overall, Moniepoint POS is a reliable and convenient solution for businesses that want to accept cashless payments and offer additional services to their customers.
Moniepoint POS Features
- It accepts various forms of electronic payments such as debit/credit cards, bank transfers, and mobile payments.
- The POS machine has a user-friendly interface, making it easy for businesses to process transactions.
- Moniepoint offers additional services such as airtime top-up, bill payments, and money transfers.
- The POS machine is affordable, with no hidden charges or setup fees.
- Moniepoint offers excellent customer support to its users, ensuring that issues are promptly resolved.
- Businesses can monitor transactions in real-time, helping them keep track of their sales.
- Moniepoint POS is highly secure, ensuring that customer data is protected from fraud.
- The POS machine is portable, allowing businesses to accept payments from any location.
- Moniepoint POS allows businesses to issue receipts and invoices, making it easy to keep track of transactions.
Moniepoint POS Machine Price
Moniepoint POS is a game-changer for businesses in Nigeria. Here’s what you need to know:
- Free Registration: It costs nothing to register for a Moniepoint POS. No hidden application fees.
- One-Time Payment: The Moniepoint POS machine is priced at N21,500. Pay once, and it’s yours.
- No Extra Charges: Forget about ongoing maintenance fees; there aren’t any.
- Become an Agent: Once you have the machine, register as an agent and empower your business with cashless transactions.
In essence, Moniepoint POS offers a straightforward and cost-effective way for businesses to move into the world of cashless transactions.
Moniepoint POS Machine Requirements
Verification Requirements:
To ensure the authenticity of business owners and the legitimacy of their operations, valid identification documents, such as a national ID card or passport, are required.
Financial Infrastructure:
An active bank account is essential to facilitate the transfer of funds from POS transactions into the business’s financial system.
Digital Connectivity:
A smartphone with internet access is crucial for accessing the POS management app, enabling businesses to monitor transactions, receive support, and stay updated.
Initial Investment:
Purchasing the POS device requires an initial investment to cover the cost of the hardware.
Business Premises:
A fixed business address is necessary for the delivery and registration of the POS machine, ensuring its association with the legitimate business location.
Communication Channels:
A valid email address and phone number are essential for registration, communication, and receiving important updates and notifications from the POS provider.
Legal Requirements:
Businesses must be at least 18 years old to register and operate a POS machine, complying with legal and regulatory age restrictions.
Creditworthiness Assessment:
Maintaining a positive credit history demonstrates financial responsibility and trustworthiness, influencing the POS provider’s evaluation of an applicant’s eligibility.
Regulatory Adherence:
Businesses must adhere to all applicable regulations and guidelines governing cashless payment systems, ensuring the legality and security of transactions.
Comprehensive Registration:
Thorough registration is necessary to activate the POS account and access its full functionality, ensuring the business meets all requirements and is authorized to operate the device.
Streamlined Process:
The Moniepoint POS acquisition process is designed to ensure businesses meet the necessary criteria and are well-equipped for cashless transactions, safeguarding both the business and the POS provider’s interests.
How to Get Moniepoint POS Machine
- Register for Moniepoint POS on their website
- Click on “Get Your POS” button and fill the registration form
- Select a POS merchant service you work with, if applicable
- Upload required documents such as ID card and utility bill
- Submit the application for review by Moniepoint team
- Wait for approval or decline of the application
- If approved, visit an aggregator to continue the application process offline
- Reapply if the request was declined
- Alternatively, apply for Moniepoint POS directly through an aggregator
- Charges will be discussed after approval of the application
Moniepoint POS charges
- Moniepoint POS charges are competitive and based on the number of transactions carried out.
- Charges range from N6.2 to N20 per transaction.
- Moniepoint charges only 0.5% for withdrawals up to N20,000 and a flat rate of N100 for transactions above N20,000.
- A flat rate of N20 is charged for money transfers.
- Moniepoint offers commissions for various services, including DSTV, GOTv, StarTimes, and data top-up for MTN, Glo, 9Mobile, and Airtel.
- Commission rates range from 2% to 4.5% for PHCN tokens.
- These charges are fair and affordable, making Moniepoint a suitable option for businesses.
