How To Get Moniepoint POS Machine, Charges, Price And Target
Moniepoint is one of the top brands in the Nigerian Fintech industry. When discussing the top 3 Fintech organizations in Nigeria, there’s no looking past Moniepoint in the list. Moniepoint is a top platform where agents from all over the country demand their POS for business purposes. The uniqueness of this Moniepoint POS is that it authorizes transactions rapidly without issues. However, most people do not know much about the platform. This article is designed to demystify the secret behind How to get a Moniepoint POS machine, charges, price, and target
How does Moniepoint Work?
Moniepoint is a mobile money company that offers digital funds payment solutions to people and enterprises. Moniepoint offers services such as transactional transfers, airtime recharge, and others. The company was opened in 2019. Moniepoint services can be done through a mobile app and it can be downloaded using Android or iOS devices.
How to get a Moniepoint POS machine
To get Moniepoint POS you need to fulfill certain requirements. For example, you need to be above 18 years of age. Also, you must be Nigerian and you must own a smartphone.
Additionally, you would need to fulfill some KYC requirements. For example.
1. A valid identity card. This can be a National Identity card, Drivers License, International Passport, and others.
2. Utility Bill. This can be any of the following: Electricity Bill, Waste Bill, Land use charge, or Tenancy Agreement.
3. Corporate Affairs Commission documents. This can be done if your business is registered.
4. Bank Verification Number
5. An account number.
Process of Getting Moniepoint POS as an Agent
Step 1: Open the Moniepoint website and Create an Account
Step 2: Input your full name, address, phone number, email, and others.
Step 3: Select the other POS machine agent you’re working with.
Step 4: Tap Submit.
Moniepoint will contact you if you meet the needed requirements. This would be done in just 48 hours. After this step, Moniepoint will help you to connect to any Aggregator beside you.
You can do well to visit their head office located at 12, Woke Ariyo Street, Lekki, Lagos State. A Moniepoint staff would take you through the registration process swiftly.
Moniepoint POS Price
Moniepoint cares for their agents so much. Regardless of this, the same amount is charged by all Moniepoint POS machines in Nigeria. The price of the Moniepoint POS machine is N25,000. The good news is that this is cheaper than most POS machines in Nigeria.
Moniepoint POS Charges in Nigeria
As stated earlier, Moniepoint POS charges in Nigeria are quite cheaper than any other POS charge in Nigeria. Yes, this is true. Moniepoint POS machine is one of the best in Nigeria. Moniepoint POS machine charges are based on the activities carried out by the user. Many times, the customer transaction determines the charges that would accrue to him.
For withdrawals of money of amount ranging from N1 – N20,000 Moniepoint charges only 0.5% of the transaction amount.
For money transactions more than N20,000 Moniepoint charges a rate of N100.
For money transfers, Moniepoint charges a flat rate of N20 for transfers.
For MTN Data Top Up a 3% commission for every transaction
For Glo mobile data Top-Up 4% commission for every transaction
9Mobile mobile Data Top-Up 4.5% commission for every transaction
While Airtel mobile Data Top-up is a 4% commission transaction
For DSTV mobile subscription a 2% commission transaction
GOTv subscription is a 2% commission rate
PHCN token has a 2% commission rate
Star Times has a 2% commission rate.
Rules for Moniepoint POS in Nigeria
1. POS agents must have a minimum of at least 80,000 naira daily withdrawal. However, this is mostly situational based on your region.
2. An additional run is that you must have a minimum of 4 deposits with your POS terminal daily.
3. If there’s a chance that the aggregator withdraws the amount from your POS machine, especially within one year of giving you the POS machine. You would get a 50% cashback of the full N25000 you paid.
4. If you have a problem with your POS machine you don’t have anything to worry about because most Moniepoint issues are settled in 24 hours.
5. A POS machine engineer is allocated to you by the aggregator. This engineer would be shared by another aggregator in the same area. Additionally, as an agent, you are added to a Moniepoint agent group chat.
Advantages of POS Transfer
It reduces the chances of fraud and money liability – as cash transactions and the senders are verified through the Bank Verification Number image to guide enterprise owners from receiving fraudulent money transfers.
Entrepreneurs can give orders to their staff or workers to confirm transfer inflows easily, even when they are not in office or when cash transactions are processed by their workers.
Receipts of transactions can be typed and printed for transfer payments.
Entrepreneurs can immediately initiate a refund for any cash transfer they want to reject, where money value was not given, or the identity of the sender is in doubt.
As a cardless transaction, entrepreneurs can now render services to clients that do not have their debit cards.
FAQ
How much is Moniepoint POS charge for N10,000?
Moniepoint POS withdrawal charges for transactions below N20,000 attract a 0.5% interest rate, Moniepoint also charges a flat rate of N100 for withdrawals above N20,000
What is the Moniepoint customer care line?
Moniepoint’s customer care representative line is 01 888 9990.
You can contact this number if you have any inquiries or complaints regarding Moniepoint’s services.
Which bank owns Moniepoint POS?
Moniepoint is a fintech organization that is not owned by any bank. However, it partners with many banks in Nigeria, including Access Bank, Zenith Bank, and First Bank, to provide its services.
How much does Moniepoint POS cost?
The price of Moniepoint POS varies depending on the one you select.
Moreover, for you to get the traditional MoniePoint POS, it costs around N21,500 to N25,000.
How does Moniepoint work?
Moniepoint is a mobile money company that offers digital funds payment solutions to people and enterprises. Moniepoint offers services such as transactional transfers, airtime recharge, and others. The company was opened in 2019. Moniepoint services can be done through a mobile app and it can be downloaded using Android or iOS devices.
Conclusion
To conclude the whole thing, the app is a very good platform that allows the user to get what they need. Moniepoint is a unique platform that gives people the platform to make money without hesitation. Regardless of the situation, Moniepoint is a very good Fintech organization that helps agent make money with their services. The beauty of everything is that the platform doesn’t charge much for transactions so it is user-friendly.
