The Baxi POS machine is an efficient payment solution that offers numerous benefits to businesses and individuals. Baxi POS is a great choice for those who want to accept cashless payments, thanks to its affordable price, user-friendly dashboard, and secure and reliable transactions.
If you’re interested in becoming a Baxi POS agent or acquiring a Baxi POS machine, ensure you meet all the requirements and follow the application process accordingly. With the rising demand for cashless payments in Nigeria, investing in a Baxi POS machine could be a great way to grow your business and increase your earnings.
Baxi POS Machine Price, Application & Charges in 2023
Are you curious about Baxi POS machine and its services? Do you want to know the Baxi POS machine price in Nigeria and how to apply for it? In this post, we will cover everything you need to know about Baxi POS, its charges, and how to get one.
The Need for POS Agents and Cashless Payments in Nigeria
The Rise of POS Agents in Nigeria
Recently, POS agents have been earning a lot of money in Nigeria, as it is now the fastest way to access cash. Due to the cashless policy implemented by the Federal Government of Nigeria, businesses and customers are rapidly embracing cashless payments.
The Demand for POS
The demand for POS machines has increased significantly, and more people are seeking to become agents, while businesses want to receive payments easily.
What is Baxi POS?
Baxi POS is a payment solution that enables businesses to accept debit card and mobile money payments from customers at the point of sale. It is provided by MFS Africa, a Nigerian tech company that offers financial services to the underbanked population in Nigeria.
Benefits of Baxi POS
Baxi POS offers numerous benefits, including instant transaction confirmation, real-time reporting and analysis, a user-friendly dashboard, affordability, good commissions, great customer support, and secure and reliable transactions.
Baxi POS Machine Price and Charges in 2023
In today’s world, cashless payments are becoming increasingly popular. Businesses and customers alike are opting for this convenient method of payment, and the Nigerian government is also implementing a cashless policy. Consequently, the demand for Point of Sale (POS) machines has been consistently increasing. The Baxi POS has become a popular payment solution for merchants and businesses. In this post, we will explore the price and charges of Baxi POS in Nigeria.
Baxi POS Machine Price
Baxi has two types of POS machines: Baxi Android POS and Baxi mPOS. Baxi Android POS costs N80,000 and Baxi mPOS costs N30,000. These are one-time payments for the Baxi Box POS machine outright purchase. This means that you won’t be charged a monthly fee or renewal fee after you start using it.
Baxi offers a flexible option for acquiring their mPOS machines through a rental model. The process involves a N5,000 cautionary fee and a subsequent N15,000 payment for device access. After that, you’ll pay N15,000 to get handed the device.
Baxi POS Machine Requirements
If you are looking to apply for a Baxi POS machine, you must meet certain requirements to be eligible. Here are the requirements:
Baxi Account Requirements
One of the requirements for a Baxi POS machine is having an active Baxi account. If you don’t have one, you’ll need to create one before proceeding with the application process.
Bank Account and BVN Requirements
To be eligible for a Baxi POS machine, you must also have a valid bank account and a valid Bank Verification Number (BVN). Your BVN is a unique number that identifies you as a banking customer in Nigeria.
In addition to having an active Baxi account, a valid bank account, and a valid BVN, you will need to provide valid means of identification. Acceptable forms of identification include a Voter’s Card, National ID Card, Drivers License, or International Passport. You will need to provide two passport photographs and a recent utility bill as well.
Once you have all the necessary requirements, you can proceed with the application process for a Baxi POS machine. Here are the steps to follow:
- Download the Baxi App or visit their website.
- Register an agent account using your phone number.
- Upgrade your account to Baxi Pro with your BVN.
- Request for a Baxi mPOS or Android POS.
- Fill out the Baxi POS registration form and submit it for review.
Baxi POS Charges
A. Cash withdrawals
- Up to N20,000: 0.55%
- N20,001 to N100,000: N100 flat rate
- Above N100,000: N150 rate B. Cash deposits: N30 flat rate to any Nigerian bank C.
Commission for Transactions
- MTN airtime: 1.6%
- Airtel airtime: 1.76%
- Glo airtime: 2.8%
- 9mobile airtime: 2.8%
- DStv subscription: 1.2% to 1.4%
- GOtv subscription: 1.2% to 1.4%
- PHCN bill payments: 1.2%
The Baxi POS machine has become a popular payment solution for merchants and businesses in Nigeria, with the increase in demand for cashless payments. In this article, we have covered everything you need to know about the Baxi POS machine, including its benefits, price, charges, and application process. With this information, you can make an informed decision on whether to acquire a Baxi POS machine for your business needs.