Are you looking for how much is moniepoint pos charges and how it operate their interest as a pos operator in Nigeria then read this.
Like other businesses like OPay, Access Closa, UBA Moni, MoMo Agent, etc., Moniepoint POS is one of the mobile money merchants in Nigeria that employs Point of Sale (POS) terminals as their primary device to carry out transactions.
These POS devices are distributed to agents who have undergone a thorough Know Your Customer (KYC) process while also being licensed and validated.
To guarantee the security of these devices, Moniepoint and other POS merchants across Nigeria have implemented security procedures.
Moniepoint’s goal is to give unemployed kids jobs by allowing them to set themselves up as “mini-banks” where anyone in the neighborhood can easily approach them and conduct transactions much like they would in traditional banks.
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Moniepoint POS charges and commission structure
Moniepoint POS charges are based on the amount of transactions made through the terminal. But as a starting point, consider the following list of Moniepoint POS commissions and fees.
Moniepoint POS only costs 0.5% of the transaction value for withdrawals between N1 and N20,000.
Moniepoint levies a fixed fee of N100 for transactions over N20,000.
A flat fee of N20 is charged for transfers through Moneypoint POS.
Moniepoint POS Charges And Usage Rules
Daily withdrawal value must be at least N80,000 (eighty thousand Naira only).
A minimum of 4 counts of deposits each day
In the event that an aggregator decides to take back your Moniepoint POS device within a year after issue for any reason, you will receive 50% of the N20,000 paid during registration as cashback.
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