Why did the POS machine refuse to accept the customer’s card? Because it was feeling card-shy!
But what exactly is a Moniepoint POS machine, and how does it work? Let’s dive into the article and see how this innovative payment solution is revolutionizing the way we make transactions in Nigeria.
What is Moniepoint POS Machine
Moniepoint POS machines are small, portable devices that allow merchants, vendors, and dealers to accept card and digital payments from their customers. The machine comes with a card reader, a receipt printer, and a display screen for entering transactions.
Features of Moniepoint POS Machine
One of the standout features of the POS machine is its versatility.
- It can be used to make payments for a wide range of goods and services, including groceries, clothing, and even utility bills.
- Compatible with all major debit and credit cards, as well as digital payment options like Quickteller and Paga.
- Smooth transactions are even more convenient for both merchants and customers.
- For merchants, the Moniepoint POS dashboard provides real-time insights into sales, allowing them to track their performance and make informed business decisions.
- The machine also comes with a built-in printer, so merchants can issue receipts to customers on the spot.
- 24/7 Customer Support
Out of the box, features include.
- Payment for Betting sites
- Different Transaction Channels
- Dstv, Govt, and other entertainment platforms.
How Much is Moniepoint POS Machine?
How much does it cost to get your hands on a Moniepoint POS? The good news is that the machines are affordable, with prices starting at just N25,000. This price includes the cost of the device itself, as well as training and support from the Moniepoint team.
Once payment has been made, the Moniepoint team will send the machine to your specified address and provide training on how to use it. It’s as simple as that!
How to Get Moniepoint POS
If you’re interested in getting a Moniepoint POS machine for your business-the process is straightforward.
First, you’ll need to visit the Moniepoint website and fill out an application form. You will need to provide some basic information about your business, including your
- Your name, BVN, and date of birth
- Your email address and phone number
- A secured password
- The type of business you run.
Once your application has been reviewed and approved, you’ll receive a confirmation email or an OTP text code with instructions on how to proceed.
Moniepoint transaction charges
Here’s a breakdown of the charges and commission structure for Moniepoint POS:
- For withdrawals below ₦20,000, Moniepoint will charge 0.5% on the transaction amount.
- If the withdrawal is above ₦20,000, Moniepoint will charge ₦100.
Commission for network providers
- MTN = 3% commission
- Glo = 4% commission
- Airtel = 4% commission
- 9Mobile = 4.5% commission
Commission for Tv subscription
- DSTv = 2% commission
- GOTv = 2% commission
- StarTimes = 2% commission
Commission for utility bill
- PHCN = 2% commission
Moniepoint office in Lagos
PrimaryHeadquarters: 12 Wole Ariyo St, Lagos, NG
- How to get there? Click for directions
Becoming a Moniepoint agent
For merchants who want to expand their reach and take on additional agents, Moniepoint offers a range of agent login options. These options allow agents to access the Moniepoint platform and make transactions on behalf of the merchant.
If you have any issues or questions about using Monieoint POS Machine let me know in the comment section
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