How to Get Moniepoint POS Machine 2023: Welcome to Techspike.com.ng, where we guide you through the ever-evolving world of digital transactions in Nigeria.
Today, we’re focusing on a game-changer for businesses across the country – the Moniepoint POS machine. This remarkable tool is transforming how transactions are handled, offering efficiency, security, and convenience.
Whether you’re a seasoned business owner or a newcomer to the digital marketplace, understanding how to acquire and utilize a Moniepoint POS machine is crucial.
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Let’s dive into the process, benefits, and tips to ensure your business thrives in the digital economy.
Understanding Moniepoint and Its POS Services
Moniepoint, a leading fintech company in Nigeria, has revolutionized digital transactions with its POS services. These machines facilitate seamless transactions, offering benefits such as low fees, ease of use, and robust customer support. Choosing Moniepoint POS means opting for reliability and efficiency in your business transactions.
Eligibility Criteria for Acquiring a Moniepoint POS Machine
To get a Moniepoint POS machine, you need to meet certain criteria. This includes:
- An active Moniepoint account
- A valid bank account
- A bank verification number (BVN)
- Valid means of identification such as a Voter’s Card, National ID Card, Driver’s License, or International Passport
- A recent utility bill
- A registered business
- Your bank account statement
The Application Process
Applying for a Moniepoint POS machine involves a simple yet thorough process. Start by visiting the Moniepoint website or their nearest office. Fill out the application form with accurate details about your business and submit the necessary documents. The process is user-friendly, ensuring that even those new to digital platforms can apply with ease.
How to Apply for Moniepoint POS
To apply for Moniepoint POS, simply follow the steps explained below:
- Create a business account and log in: Provide the required information and a business account will be created for you instantly. Once done, log in to your business dashboard and click on the POS menu.
- Request a new POS: Click on the Add a new POS button and follow the instructions
- Fund your account and pay for the terminal: Fund your newly created Business Account with a minimum of ₦21,500 for the POS Terminal and complete the request. The ₦21,500 covers a ₦10,000 caution fee, ₦10,000 logistics fee, and ₦1,500 insurance fee for 1 year.
- Get your POS delivered within 48 hours: You will be instantly assigned a dedicated Relationship Manager from Moniepoint. The Relationship Manager will deliver the POS terminal to you within 48 hours, train you on how to use the terminal, and answer any questions you may have.
Fees and Charges
One of the attractive features of Moniepoint POS is its competitive fees. Understanding these charges is crucial for your business planning. The fees are transparent, with no hidden costs, making it a preferred choice for many Nigerian businesses.
- Moniepoint POS charges are competitive and based on the number of transactions carried out.
- Charges range from N6.2 to N20 per transaction.
- Moniepoint charges only 0.5% for withdrawals up to N20,000 and a flat rate of N100 for transactions above N20,000.
- A flat rate of N20 is charged for money transfers.
- Moniepoint offers commissions for various services, including DSTV, GOTv, StarTimes, and data top-up for MTN, Glo, 9Mobile, and Airtel.
- Commission rates range from 2% to 4.5% for PHCN tokens.
- These charges are fair and affordable, making Moniepoint a suitable option for businesses.
Adopting a Moniepoint POS machine is a smart move for any Nigerian business looking to thrive in today’s digital world. The process of acquiring one is straightforward, and the benefits are immense.
Moniepoint POS machines not only streamline your transactions but also build customer trust and enhance your business’s efficiency.
At Techspike.com.ng, we’re committed to providing you with the tools and knowledge to succeed in Nigeria’s digital economy. Embrace this opportunity, and watch your business reach new heights.
If you have any questions regarding this post, simply leave us a comment in the comment section below and we will get back to you as soon as possible!
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My name is Tiamiyu Abdulbazeet Olawale, the CEO of TechSpike.com.ng. He is a graduate of Electrical and Electronics Engineering at the University of Ilorin.