How To Get Moniepoint POS Online in Nigeria (2023 Guide).
The use of Point of Sale (POS) machines has become increasingly popular in Nigeria, especially for small businesses that require a reliable and convenient payment system. Moniepoint POS is one of the leading POS providers in Nigeria, offering a range of services and features that make it a preferred choice for many business owners.
In this guide, we will explore everything you need to know about Moniepoint POS, from its features to the charges, and how to get Moniepoint POS online in Nigeria.
Moniepoint POS machine is a payment solution that allows businesses and individuals to accept cashless payments from customers. It is a reliable and efficient payment system that makes payment processing easy and fast.
The Moniepoint POS machine is affordable, and it is one of the most popular payment solutions in Nigeria.
Moniepoint POS Machine Price
The price of the Moniepoint POS machine varies depending on the model and the location of the purchase. However, the average cost of the Moniepoint POS machine is between N35,000 and N40,000. This price range is quite affordable compared to other POS machines available in the market.
Moniepoint POS Machine Features
The Moniepoint POS machine is equipped with advanced features that make payment processing easy and fast. Some of the features of the Moniepoint POS machine include:
Card Payment:
The Moniepoint POS machine accepts payment from all types of debit and credit cards.
Mobile Payment:
The Moniepoint POS machine supports payment through mobile wallets, such as Paystack and Flutterwave.
Bill Payment:
The Moniepoint POS machine enables payment for various bills, such as electricity bills, water bills, and cable TV bills.
Airtime Recharge:
The Moniepoint POS machine allows for airtime recharge for all mobile networks in Nigeria.
Cash Withdrawal:
The Moniepoint POS machine supports cash withdrawal, which enables customers to withdraw cash from their bank accounts using their ATM cards.
Moniepoint POS Machine Charges
The Moniepoint POS machine charges are affordable, and they vary depending on the type of transaction. The charges for some of the transactions are listed below:
- Airtime Recharge:
The commission fee for airtime recharge is 2.5%.
- Bill Payment:
The commission fee for bill payment is 1%.
- Card Payment:
The commission fee for card payment is 1.5%.
- Cash Withdrawal:
The commission fee for cash withdrawal is 1.5%.
In addition to the transaction charges, Moniepoint POS machine charges a withdrawal fee of N50 for transactions up to N10,000 and N100 for transactions above N10,000. This withdrawal fee is charged on every cash withdrawal transaction processed through the Moniepoint POS machine.
Moniepoint POS Features
Moniepoint POS offers a range of features that make it a top choice for businesses of all sizes. Here are some of the key features of Moniepoint POS:
- Easy Payment Processing:
Moniepoint POS makes payment processing easy and convenient for both businesses and customers. With the Moniepoint POS machine, customers can pay for goods and services using their ATM cards, while businesses receive payment directly into their bank account.
- Multiple Payment Options:
Moniepoint POS supports multiple payment options, including Visa, Mastercard, and Verve. This means that customers can pay using any of these payment methods, making it easy for businesses to cater to a wide range of customers.
- Low Transaction Charges:
Moniepoint POS charges are affordable and competitive, making it a cost-effective payment solution for small businesses. The charges are also transparent, with no hidden fees.
- Fast and Reliable Service:
Moniepoint POS machines are fast and reliable, ensuring that businesses can process payments quickly and efficiently. This is particularly important for businesses with high customer traffic, as it helps to reduce waiting times and improve customer satisfaction.
- Real-time Reporting:
Moniepoint POS provides real-time reporting, allowing businesses to track their transactions and monitor their cash flow. This makes it easier to manage finances and make informed business decisions.
Moniepoint POS Charges
Like every other POS provider, Moniepoint POS charges transaction fees for every transaction processed through their POS machines. The charges are designed to cover the cost of processing the payment and maintaining the POS machine. Here are some of the charges associated with using Moniepoint POS:
- Transaction Charges:
Moniepoint POS charges a transaction fee of 0.7% for every transaction processed through their POS machine. This means that for every ₦1,000 transaction, the business owner will be charged ₦7.
- Withdrawal Charges:
Moniepoint POS charges a withdrawal fee of ₦50 for every withdrawal made using their POS machine. This means that if a customer withdraws ₦10,000, the business owner will be charged ₦50.
- Commission:
Moniepoint POS pays a commission to their agents for every transaction processed through their POS machines. The commission varies depending on the volume of transactions processed by the agent.
- Other Charges:
Moniepoint POS may charge other fees, such as maintenance fees or charges for replacing a faulty POS machine. These charges may vary depending on the specific circumstances.
Moniepoint POS Commission
Moniepoint POS offers attractive commission rates for their agents. As a Moniepoint agent, you can earn commission on every transaction processed through your POS machine.
The commission fee varies depending on the transaction amount and the type of transaction. For example, the commission fee for airtime recharge is 2.5%, while the commission fee for cash withdrawal is 1.5%.
Moniepoint POS also offers bonuses and incentives to their agents, such as cash rewards for achieving transaction targets. These incentives are aimed at motivating agents to provide excellent service to their customers and increase their revenue.
Moniepoint POS Agent Registration
Moniepoint POS offers a unique opportunity for individuals to become agents and earn income by providing POS services to businesses and individuals. To become a Moniepoint POS agent, you need to follow these steps:
- Visit the Moniepoint website and click on the “Become an Agent” button.
- Fill out the agent registration form with your personal and business details.
- Submit the form and wait for approval from Moniepoint.
- Once your application is approved, you will be provided with a Moniepoint POS machine and training on how to use it.
- You can start offering POS services to businesses and individuals in your area and earn commission on every transaction processed through your POS machine.
Moniepoint POS Machine Price
The cost of the Moniepoint POS machine varies depending on the type of machine and the location of the buyer. However, Moniepoint POS offers affordable prices for their POS machines, making it accessible to small businesses and individuals. To get the current price of the Moniepoint POS machine, you can visit their website or contact their customer support team.
Moniepoint POS Registration
- To register for Moniepoint POS, you can follow these steps:
- Visit the Moniepoint website and click on the “Register” button.
- Fill out the registration form with your personal and business details.
- Submit the form and wait for approval from Moniepoint.
- Once your registration is approved, you can start using the Moniepoint POS machine to process payments and earn commission on every transaction.
Moniepoint Office Address
Moniepoint has several offices across Nigeria, making it easy for customers to access their services. Here are some of the Moniepoint office addresses in Nigeria:
- Lagos Office:Address:
5th Floor, Plot 1145 Sanusi Fafunwa Street, Victoria Island, Lagos State.
- Abuja Office:Address:
3rd Floor, NNN Plaza, Plot 969, Cadastral Zone B02, Ahmadu Bello Way, Central Business District, Abuja FCT.
- Port Harcourt Office:
Address: Plot 293, Abacha Road, GRA Phase 3, Port Harcourt, Rivers State.
- Ibadan Office:
Address: Suite 24, Shopping Complex, University of Ibadan, Ibadan, Oyo State.
- Kano Office:
Address: Plot 1, Zaria Road, Bompai, Kano State.
Please note that the above office addresses may be subject to change. It is advisable to confirm the office address before visiting by contacting Moniepoint’s customer support team or checking their website for updates.
FAQs
What is Moniepoint POS?
Moniepoint POS is a payment solution that enables businesses and individuals to accept cashless payments through a POS machine. The POS machine is connected to the Moniepoint platform, which processes the payment and credits the merchant’s account.
How can I get a Moniepoint POS machine?
To get a Moniepoint POS machine, you need to register as a Moniepoint agent. Once your registration is approved, you can purchase the POS machine from Moniepoint at an affordable price.
How much does Moniepoint POS charge per transaction?
Moniepoint POS charges low transaction fees for payment processing. The charges vary depending on the type of transaction. For example, the commission fee for airtime recharge is 2.5%, while the commission fee for cash withdrawal is 1.5%.
What are the withdrawal charges for Moniepoint POS?
Moniepoint POS charges a withdrawal fee of N50 for transactions up to N10,000 and N100 for transactions above N10,000. This withdrawal fee is charged on every cash withdrawal transaction processed through the Moniepoint POS machine.
Can I become a Moniepoint agent?
Yes, anyone can become a Moniepoint agent. To become an agent, you need to register on the Moniepoint website and purchase the POS machine. As an agent, you can earn commission on every transaction processed through your POS machine.
How do I contact Moniepoint customer support?
You can contact Moniepoint customer support through their website, social media pages, or email. Their customer support team is available to assist you with any inquiries or issues related to their service.
Is Moniepoint POS secure?
Yes, Moniepoint POS is secure and compliant with industry standards. The platform uses advanced encryption technology to protect customer data and prevent fraud. Additionally, Moniepoint agents are trained to follow security protocols and ensure the safety of the POS machine.
Conclusion
Moniepoint POS is a reliable and convenient payment solution for small businesses and individuals in Nigeria. With its easy payment processing, multiple payment options, low transaction charges, fast and reliable service, and real-time reporting, Moniepoint POS is a top choice for businesses of all sizes.
To get Moniepoint POS online in Nigeria, you can follow the registration process or become a Moniepoint agent and earn commission on every transaction processed through your POS machine.
With Moniepoint POS, businesses can streamline their payment processing and improve customer satisfaction, ultimately leading to increased revenue and growth.