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Best POS Machine In Nigeria

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

What is a POS Machine

POS is 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, pay bills after inserting your debit or credit cards into the machine.

There are many banks, companies and organizations that 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 bank 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 for you, the best, free and the cheapest POS terminal with a 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 Chinese which owned the opera mini browser, as well as opera news.

In order 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 to download OPay app and register.

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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 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 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 to ensure that you are trustworthy and now you are able to 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 the POS application form and then publish it.

Requirements include:

  • BVN number.
  • Utility bills (Nepa bill).
  • Passports that are well-captured.
  • An ID card that is valid (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 taking 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 an 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 begin with POS business.

First monie POS Machine.

First monie is owned by first bank of Nigeria. They are the most reliable bank in Nigeria and have the highest number of customer base.

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To be the first monie agent to receive an absolutely gratis POS machines, you need be able to meet the following conditions.

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

After you have completed this step, you’ll be eligible to receive an 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 device (POS). To obtain one, download Kudi’s Kudi App (Available on Google Playstore) 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 login to Kudi wallet account. Kudi bank account.

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

You can now make a request for 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 in order to obtain an POS card from an institution. ?

Before closing this article, I’ll detail the requirements for getting an POS from 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 are able to grant you their the POS machine .

  1. A valid ID card ( or: voter’s card or 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 prior to you are able to get POS at bank branches in Nigeria.

  1. Two Guarantors (which have 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 an POS at any bank in Nigeria You must walk into any bank that is reputable. 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 in the list before. Zenith Bank POS and bank access POS.

Each bank has its own but these are some of the top banks for bankPOS 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 Opay Moniepoint , 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/NPOS NAMEPRICE (N)REQUIREMENTS
1Mini OpayN8,500Any valid identification card. Nepa credit card and passport.
2Traditional OpayN35,000Any valid Identification card. Nepa account and passport.
3Opay Android/ SmartN50,000Any valid Identification card. Nepa account and passport.
4Moniepoint POSN10,000Any valid identification card. Nepa account and passport.
5kudi POSN20,000Any valid identification card. Nepa credit card and passport.
6PalmpayN20,000Any valid Identification card. Nepa account and passport.
7Baxi MposN10,000Any valid Identification card. Nepa credit card and passport.
8Baxi AndroidN30,000Any valid Identification card. Nepa credit card and passport.
9FlutterwaveN10,000Any valid identification card. Nepa credit card and passport.
10Bank POSFREEAny valid identification card. Nepa account and passport.
11Playcentre14,000Any valid identification card. Nepa account and passport.
12SurebankaN10,000Any valid identification card. Nepa account and passport.
13Accelerex POSN10,000Any valid ID card, Nepa Bill and passport.
14NowNowAny valid Identification card. Nepa credit card and passport.
15Firstmonie POS (By First bank)FreeAny valid identification card. Nepa credit card and passport.
16Zenith Bank POSFreeAn ID with valid validity, the Nepa Bill and
passport, plus a current account
with the with the.
17Access Close (By Access bank)FreeA valid ID, a Nepa statement and
passport, plus a current account
with the with the.
18Surepadi POS (By Polaris bank)FreeA valid ID, a Nepa statement and
passport, plus a current account
with the with the.
19UBA POSFreeA valid ID, a Nepa statement and
passport, plus a current account
with the with the.
20Union Bank POSFreeAn ID with valid validity, the Nepa Bill and
passport, plus a current account
with the with the.
21Wema Bank POSFreeA valid ID, a Nepa statement and
passport, plus a current account
with the with the.
22GTBank POSFreeAn ID with valid validity, the Nepa Bill and
passport, plus a current account
with the with the.
23Heritage
Bank POS
FreeAn ID with valid validity, the Nepa Bill and
passport, plus a current account
with the with the.
24Stanbic Bank POSFreeA valid ID, a Nepa statement and
passport, plus a current account
with the with the.
25Itex POSAny valid Identification card Nepa bills, or passport
26ECOSA POSN25,000Any 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 20naira for every thousand, based on the terminal you use.
If they do up to 9,000 or 6,000 transactionsYou can also charge
150naira to
200naira. Or
20naira per 1,000
If the customer does 10,000 to 15,000 transactionsIt is possible to charge between 200naira and 300 naira. For example, 20naira for every thousand.
If they do 16,000 to 20000 transactionsYou can charge anything from 250naira up to 400naira. Also, 20naira per 1,000.

Conclusion:

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

This is 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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