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Best POS Machine In Nigeria

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Are you looking for the best POS machine in Nigeria with its prices, you are in the right place. Carefully read below till the end.

What is a POS Machine

POS stands for an abbreviation to refer to the point of sale. the point of sale machine an electronic system that permits users to transfer and receive cash, and pay bills after inserting their debit or credit cards into the machine.

Many banks, companies, and organizations provide points of sale (POS) machines at low cost or for free.

In this post, we’re going to reveal to you the top firm and banks that provide free payment, paid, and the lowest costs POS machines.
with a decent commission rate with a good commission rate in Nigeria.

In Nigeria, the POS business is an acceptable option to earn money as a small-scale business owner.

POS terminal is the one most utilized in a community which does not have banking institutions or automated teller machines (ATM). It’s profitable in these communities.

Be aware that it isn’t banking employees (They are known as mobile money agents) however they provide bank services with the approval of the bank and the agreement of commission.

Best POS Machine In Nigeria

What is the most effective POS machine available in Nigeria?

As I stated earlier, I’ll present to you, the best, free, and cheapest POS terminal with decent commission rates in Nigeria. They are the best and most reputable POS service in Nigeria.

Here are the best Post Offices in Nigeria

OPay POS Machine.

OPay is now the most popular mobile money agent in Nigeria [Testedon

OPay is the abbreviation of Opera Pay. It is a company owned by the Chinese which owned the opera mini browser, as well as opera news.

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To obtain an OPay machine for POS You must sign up for an OPay agent account. To register, go to the Google Play Store to download the OPay app and register.

After you have registered successfully After registering successfully, you can click on your account in the top right-hand corner of the homepage.

You will find yourself at “know your customer” (KYC) level 1. Scroll down, and then click Upgrade to upgrade to the agent level.

If you are an Opay agent you can assist customers to withdraw or transfer money as well as pay their bills. Like:

  • NEPA bills.
  • DStv Subscription.
  • GOtv Subscription.
  • Betting Account deposit.

How Do I Get POS From Opay

Finding the OPay POS machine is not as simple as you imagine. When you’re OPay account is not yet established it will not be eligible to get OPay POS. OPay POS Machine.

Based on my experience, you’ll need to be been screened by the employer to ensure that you are trustworthy and now you can use their POS machine at no cost.

How Do I Get the OPay POS Application Form

As a trusted representative using the OPay application to process the necessary transactions, you are now able to complete the OPay POS application form and then publish it.

Requirements include:

  • BVN number.
  • Utility bills (Nepa bill).
  • Passports that are well-captured.
  • A valid ID card (ID card).
  • Your First Name And Surname.
  • Your shop address or business address.

After you have completed all specifications, and you’ve crossed your threshold should be able to get the no-cost OPay POS machine easily and take pleasure in your journey. (Opay charge for POS in 2022 is very low).

Monie Point POS Machine.

Monie Point is the most secure, quick, and lucrative mobile money service in Nigeria.

As a Monie Point agent, you’ll be able to earn cash by providing customers with banking services.

 

The Monie point allows you to offer services such as:

  • Top-up of data.
  • Airtime topping-up.
  • Money transfer.
  • Cash withdrawal.
  • All Bills payments.

Monie Point provides their agent with two different channels of transaction.

  1. POS.
  2. SmartPOS.

In this way, you have the choice of picking the channel for your transaction that you like and beginning with the POS business.

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First monie POS Machine.

The first money is owned by the first bank of Nigeria. They are the most reliable bank in Nigeria and have the highest customer base.

To be the first monie agent to receive a gratis POS machine, you need to be able to meet the following conditions.

  1. Create a First Bank account.
  2. Download the first mobile application (Available through the Google Play Store).
  3. Make a minimum of 10 transactions every day (For up to 3 months).

After you have completed this step, you’ll be eligible to receive a POS machine for free from the very first bank in Nigeria.

Kudi POS Machine.

Kudi is an affordable, easy-to-access, and lucrative mobile money broker in Nigeria and is the most effective option to earn more from Nigeria as a small-business owner.

Kudi was established in 2017, by Pelumi Aboluwarin, and Yinka Adewale.

Kudi company provides points of sale devices (POS). To obtain one, download Kudi’s Kudi App (Available on the Google Play store) then adhere to this instruction:

Register an account using your:

  1. Name.
  2. Phone Number.
  3. Business Name.

Other required information is also on the page for registration.

Use an active phone number (why? ).

Since the number you registered with will be converted into your Kudi account number. (Just as OPay).

You will be able to log in to your Kudi wallet account. Kudi bank account.

As I mentioned earlier, Audi provides the POS machine at no cost but you have to complete a couple of transactions using their mobile application.

You can now request S through the APP after it has been updated.

There are banks where you can buy the POS machine from. The banks listed are considered to be the most reliable banks to acquire POS machines in Nigeria.

There are things you need to take care of to obtain a POS card from an institution. ?

Before closing this article, I’ll detail the requirements for getting a POS from the bank, which includes access to your first bank.
Bank, Polaris Bank, UBA, and many others.

Requirements To Get POS Machine From Banks.

These are the most frequent bank requirements before they can grant you their POS machine.

  1. A valid ID card ( or: voter’s card National Identification card worldwide passport, or driver’s license)
  2. 2 to 4 passport photos
  3. The most recent utility bill (either Nepa invoice or water invoice, or any other valid invoice that demonstrates your address)
  4. Current account in conjunction with your bank.
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There are other requirements that you need to meet before you can get POS at bank branches in Nigeria.

  1. Two Guarantors (which have a current account with any bank 2 guarantors in Nigeria)
  2. A physical address for your company.

How To Get POS From Banks In Nigeria?

Before you can obtain a POS at any bank in Nigeria You must walk into any reputable bank. listed above.

Ask for an Account officer or Operations supervisor, and request that you’ll need the POS equipment from them.

Best Bank To Get POS Machine In Nigeria

One of the top banks’ POS is the very first one called Moni POS which I’ve been on the list before. Zenith Bank POS and bank access POS.

Each bank has its own but these are some of the top banks for banks that I have had experience with.

If you are unable to wait or have this requirement from Banks then they will purchase a POS from MMOs such as OpayMoniepoint, Kudi, baxibox,  and others.

These businesses are more secure than banks POS located in Nigeria.

POS Machine Price List In Nigeria

Below are POS rates and specifications in Nigeria. Two companies have licenses to sell POS as well as banks. They also offer free and paid POS machines in Nigeria.

S/N POS NAME PRICE (N) REQUIREMENTS
1 Mini Opay N8,500 Any valid identification card. Nepa credit card and passport.
2 Traditional Opay N35,000 Any valid Identification card. Nepa account and passport.
3 Opay Android/ Smart N50,000 Any valid Identification card. Nepa account and passport.
4 Moniepoint POS N10,000 Any valid identification card. Nepa account and passport.
5 kudi POS N20,000 Any valid identification card. Nepa credit card and passport.
6 Palmpay N20,000 Any valid Identification card. Nepa account and passport.
7 Baxi Mpos N10,000 Any valid Identification card. Nepa credit card and passport.
8 Baxi Android N30,000 Any valid Identification card. Nepa credit card and passport.
9 Flutterwave N10,000 Any valid identification card. Nepa credit card and passport.
10 Bank POS FREE Any valid identification card. Nepa account and passport.
11 Playcentre 14,000 Any valid identification card. Nepa account and passport.
12 Surebanka N10,000 Any valid identification card. Nepa account and passport.
13 Accelerex POS N10,000 Any valid ID card, Nepa Bill, and passport.
14 NowNow   Any valid Identification card. Nepa credit card and passport.
15 Firstmonie POS (By First Bank) Free Any valid identification card. Nepa credit card and passport.
16 Zenith Bank POS Free An ID with valid validity, the Nepa Bill, and
passport, plus a current account
with the.
17 Access Close (By Access bank) Free A valid ID, a Nepa statement and
passport, plus a current account
with the with the.
18 Surepadi POS (By Polaris bank) Free A valid ID, a Nepa statement and
passport, plus a current account
with the with the.
19 UBA POS Free A valid ID, a Nepa statement and
passport, plus a current account
with the with the.
20 Union Bank POS Free An ID with valid validity, the Nepa Bill and
passport, plus a current account
with the with the.
21 Wema Bank POS Free A valid ID, a Nepa statement and
passport, plus a current account
with the with the.
22 GTBank POS Free An ID with valid validity, the Nepa Bill and
passport, plus a current account
with the with the.
23 Heritage
Bank POS
Free An ID with valid validity, the Nepa Bill and
passport, plus a current account
with the with the.
24 Stanbic Bank POS Free A valid ID, a Nepa statement and
passport, plus a current account
with the with the.
25 Itex POS   Any valid Identification card Nepa bills, or passport
26 ECOSA POS N25,000 Any valid identification card Nepa bills, or passport

Agent list POS fees in Nigeria.

These are the most commonly used agent POS fees in Nigeria. The cost for POS service is based on the location of your terminal and ( or
Let’s suppose you own a POS firm).

Amount (N) Charges
If the customer has between 1,000 and 5 transactions. It is possible to charge between 100 and 150 Naira. The rate is 20 naira for every thousand, based on the terminal you use.
If they do up to 9,000 or 6,000 transactions You can also charge
150naira to
200naira. Or
20naira per 1,000
If the customer does 10,000 to 15,000 transactions It is possible to charge between 200 naira and 300 naira. For example, 20 nairas for every thousand.
If they do 16,000 to 20000 transactions You can charge anything from 250 naira up to 400 naira. Also, 20 naira per 1,000.

Conclusion:

Here are the top POS machine available in Nigeria that offer decent Commission rates.

These are the top POS terminals you can buy and put at your workplace. Also, you can benefit from the commission rate.

Should you be having any concerns about the article ” List Of Best POS machine in Nigeria and their Price ” ensure you
Send your message to the comment box below.

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