How to get Moniepoint POS Machine - Moniepoint POS Machine Charges, Price, Daily Target

If you are wondering how you can get Moniepoint POS machine, Moniepoint POS Machine charges, price, daily target,, don't worry, this blog post will expose everything you need to get started and answer all the question that you might have to acquire your own POS machine.

What is Moniepoint POS

Moniepoint POS, also known as Moniepoint Point of Sale or simply Moniepoint, is a point-of-sale (POS) system that allows businesses to accept payments from customers using credit or debit cards. Moniepoint POS is a solution offered by Moniepoint Microfinance Bank Limited, a financial institution that provides banking and financial services to small and medium-sized businesses in Nigeria.

Moniepoint POS is a cloud-based system, which means that it does not require any hardware or software installation. Businesses can access Moniepoint POS from any internet-connected device, such as a computer, tablet, or smartphone.

Benefits of Moniepoint POS

There are many benefits to using a Moniepoint POS machine. Here are a few of the most important ones:

Convenience for customers: Customers can pay for their purchases with their credit or debit cards, which is more convenient than carrying cash.

Security: Moniepoint POS machines use the latest security features to protect your business from fraud.

Improved cash flow: Moniepoint POS machines deposit your sales directly into your bank account, which can help improve your cash flow.

Make Money: With Moniepoint POS, you can make lots of money by offering services such as withdrawal, bills payment and transfer.

How to get Moniepoint POS Machine, Charges, Price, Daily Target

If you're wondering how to get a Moniepoint POS machine for your business, you're in the right place. Moniepoint has made the process simple and straightforward. Follow these steps to get your own Moniepoint POS machine:

Step 1: Visit the Moniepoint Website: Start by visiting the official Moniepoint website to begin the application process. The website provides all the necessary information about the POS machine and its features.

Step 2: Fill out the Application Form: Once you're on the website, locate the application form and fill it out with accurate information. Make sure to provide all the required details to expedite the application process.

Step 3: Submit Required Documents: After filling out the application form, you will need to submit certain documents for verification purposes. These documents may include proof of identity, proof of address, and business registration documents.

Step 4: Wait for Approval: Once you've submitted the application form and required documents, you will need to wait for Moniepoint to review and approve your application. This process usually takes a few business days.

Step 5: Receive and Set Up the POS Machine: Once your application is approved, you will receive your Moniepoint POS machine. Follow the provided instructions to set it up and start accepting payments from your customers.

Moniepoint POS machine Charges

Moniepoint POS machines charge a commission on each transaction. The commission rate varies depending on the type of transaction. For cash withdrawals up to N20,000, MoniePoint applies a fee of 0.5%. However, for transactions exceeding N20,000, MoniePoint charges a fixed rate of N100, and for money transfers, there is a flat rate of N20. 

Moniepoint POS machine Price

The price of a Moniepoint POS machine varies depending on the plan you choose. The standard plan costs N21,500, while the premium plan costs N36,500. The premium plan includes features such as a longer battery life, a larger screen, and a built-in printer.

Moniepoint POS machine Daily Target

Moniepoint does not have a daily target for its POS machines. However, you will need to make a certain amount of transactions each month in order to keep your account active. If you do not make enough transactions, Moniepoint may charge you a reactivation fee.

Moniepoint POS Requirement to Become an Agent

Once you have met all of the requirements, you can apply to become a Moniepoint POS agent. You can apply online or by visiting a Moniepoint agent location.

Here are the requirements to become a Moniepoint POS agent:

●     Be a Nigerian citizen.

●     Have a valid BVN.

●     Have a physical location where you can set up your POS terminal.

●     Pay a one-time activation fee of N21,500.

●     Provide a valid means of identification, such as a national ID card, driver's license, or voter's card.

●     Complete the Moniepoint agent training program.

FAQS

How much is Moniepoint target daily?

Moniepoint POS does not have a daily target. The POS charge per transaction varies depending on the type of transaction. For example, a withdrawal transaction costs 0.5% of the transaction amount, while a transfer transaction costs N20. Moniepoint charges N100 for transactions above N20,000.

How much does Moniepoint POS charge per transaction?

Moniepoint POS charges a flat rate of N100 for withdrawals below N20,000. For withdrawals above N20,000, Moniepoint charges a 0.5% commission.

How much does Moniepoint charge for 10 000?

Moniepoint charges N100 for withdrawing 10,000 naira. This is because the withdrawal amount is below N20,000, which is the threshold for the 0.5% commission.

What are the POS charges for Moniepoint in 2023?

The cost of a Moniepoint POS varies depending on the type of terminal you choose. The basic terminal costs N21,500, while the advanced terminal costs N31,500. There is also a monthly rental fee of N1,500.

How much can I make on POS per day?

The amount of money you can make from a POS business per day will vary depending on a number of factors, including the location of your business, the type of transactions you process, and the fees charged by your POS provider. However, in general, you can expect to make N2,000 to N15,000 per day.

How much can I make from POS monthly?

The amount of money you can make from a POS business per month will depend on a number of factors, such as the location of your business, the type of transactions you process, and the fees charged by your POS provider. However, in general, you can expect to make N50,000 to N200,000 per month.

Which company owns Moniepoint?

Moniepoint Inc., a financial technology company formally known as TeamApt Inc and was founded in 2015 by Tosin Eniolorunda and Felix Ike. It focuses on providing financial solutions for businesses.

Conclusion

If you are looking for a secure, convenient, and affordable way to accept payments from your customers, a Moniepoint POS machine is a great option.