Moniepoint POS Machine Price, Charges and How to Apply in 2023: 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
The registration process for a Moniepoint POS is free, with no charges for applying. The cost of a Moniepoint POS machine in Nigeria is N21,500, which is a one-time payment.
There are no additional fees such as maintenance charges. After purchasing the POS machine, businesses can register as an agent and start offering cashless payment solutions to their customers.
Moniepoint POS Machine Requirements
- A valid means of identification such as a national ID card or passport is required.
- A functional bank account is necessary to receive payments.
- A smartphone with internet connectivity is needed to download and use the Moniepoint app.
- A minimum starting capital is required to purchase the POS machine.
- A physical location for the business is necessary to receive the POS machine.
- The business must provide a valid email address and phone number for registration.
- The business must meet the minimum age requirement of 18 years to register.
- The business must have a good credit history to be eligible for a Moniepoint POS.
- The business must comply with all necessary regulatory requirements for operating a cashless payment solution.
- The business must complete the registration process and provide all required documentation.
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.
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