8 POS Machine With no Target in 2024

If you're a business owner, you know how important it is to have a reliable and efficient way to accept payments. A point-of-sale (POS) machine is a great solution for businesses of all sizes, as it allows you to accept payment and make more money.

One of the main benefits of using a POS machine is that it can help you to increase your sales. When you offer your customers more payment options, they are more likely to make a purchase. Additionally, POS machines can help to reduce fraud and improve the security of your business.

Factors to Consider When Choosing a POS Machine in Nigeria

When choosing a POS machine in Nigeria, there are a number of factors to consider, including:

• Cost: POS machines can range in price from a few thousand naira to tens of thousands of naira. It is important to choose a POS machine that fits your budget and meets your business needs.
• Features: POS machines offer a variety of features, such as card payments, money transfers, airtime recharge, bill payments, inventory management, and customer relationship management (CRM). Choose a POS machine that has the features that are most important to your business.
• Security: Security is a top priority when choosing a POS machine. Look for a POS machine that has advanced security features such as encryption, firewalls, and fraud detection.
• Ease of use: A POS machine should be easy for employees and customers to use. Look for a POS machine with a simple and intuitive interface.
• Customer support: Choose a POS machine from a vendor that offers good customer support in case of any issues.

8 POS Machine With no Target in 2024

Here are 8 of the best no-target POS machines on the market in 2024:

KippaPay POS Terminal

KippaPay is a Nigerian fintech company that provides a variety of financial services, including POS terminals. KippaPay POS terminals are known for their ease of use and affordability. They offer a variety of features, including:

• Card payments (Visa, Mastercard, Verve)
• Money transfers
• Airtime recharge
• Bill payments
• Inventory management
• Customer relationship management (CRM)
• Reporting and analytics

KippaPay POS terminals do not have a target, meaning that you are not required to meet a certain transaction volume each month in order to use the service.

Palmpay POS

Palmpay POS is a popular point-of-sale (POS) machine in Nigeria that is known for its innovative features and competitive pricing. It is a great option for businesses of all sizes, as it does not have a target and offers a variety of affordable pricing plans. 

Palmpay POS terminals offer a wide range of features, including:

• Card payments (Visa, Mastercard, Verve)
• Money transfers
• Airtime recharge
• Bill payments
• Cryptocurrency trading
• QR code payments
• Biometric authentication

Palmpay POS terminals are also very easy to use, with a simple and intuitive interface. They are also durable and have a long battery life.

Moniepoint POS

MoniePoint is a Nigerian fintech company that provides a variety of financial services, including POS terminals. It is a subsidiary of TeamApt and was founded in 2018. MoniePoint has quickly grown into a leading financial institution in Nigeria, processing over $10 billion worth of transactions for more than 400,000 businesses in 2022. MoniePoint is headquartered in Uyo and has the widest reach of any POS company in Nigeria.

Features

MoniePoint offers a variety of features, including:

• Card payments (Visa, Mastercard, Verve)
• Money transfers
• Airtime recharge
• Bill payments
• Deposits
• Cash withdrawals

MoniePoint has one machine that costs N21,500. It charges a transaction fee of 0.5% for transactions between N1000 and N19,999 and a flat fee of N100 for all deposits.

Baxi POS Terminal

Baxi Box is a Nigerian fintech company that provides a variety of financial services, including POS terminals. It was founded in 2014 by Degbola Abuda and Folu Majekodunmi. Baxi was acquired by MFS Africa on October 20, 2021.

Baxi is known for its flexibility and adaptability. It does not have daily sales targets, which allows businesses to focus on their long-term growth and customer satisfaction. Baxi POS has a user-friendly interface and comprehensive reporting features, which enable merchants to streamline their operations and make data-driven decisions.

Baxi POS offers seamless integration with various payment methods, ensuring a smooth and secure checkout experience for customers.

Key Features

• No daily sales targets
• User-friendly interface
• Comprehensive reporting features
• Seamless integration with various payment methods

Opay POS

Opay is a Nigerian fintech company that provides a variety of financial services, including POS terminals. It is one of the top fintech companies in Nigeria and accounts for 1 in every 5 POS transactions in the country. Opay is approved by the Central Bank of Nigeria and is used by over 10 million Nigerians.

Opay offers three types of POS machines:

• Android or smart: N60,000 NGN
• Traditional or basic: N45,000 NGN
• Opay Mini Pos: N8,500 NGN

POS charges are as low as 0.5% for experienced users and 0.6% for beginners. N100 is charged for every transaction below N20,000 NGN.

Paycenter POS

Paycenter is a Nigerian fintech company that provides a variety of financial services, including POS terminals. It was founded in 2016 and is known for its focus on business solutions.

Paycenter POS terminals do not have daily sales targets, which allows businesses to focus on building customer relationships and delivering exceptional experiences. Paycenter also offers competitive pricing. Paycentre offers a variety of features, including:

• Card payments (Visa, Mastercard, Verve)
• Money transfers
• Airtime recharge
• Bill payments
• Bulk SMS
• Inventory management
• Accounting software

Paga POS

Paga is one of the oldest and most trusted POS providers in Nigeria. It was founded in 2009 with the aim of making it possible for customers to carry out basic financial transactions without the constraints of banks. Paga has served over 13 million customers and processed over 72 million transactions worth $4.6 billion. Paga also has over 4000 POS agents nationwide. Paga offers a variety of features, including:

• Card payments (Visa, Mastercard, Verve)
• Money transfers
• Airtime recharge
• Bill payments
• Cash withdrawals
• Deposits

Paga POS terminals are easy to use and offer competitive charges. Paga charges a 0.55% fee on withdrawals and a flat fee of N30 on deposits.

Flutterwave POS

Flutterwave is a Nigerian fintech company that provides a variety of financial services, including POS terminals. It was founded in 2016 by Iyinoluwa Aboyeji and Olugbenga Agboola and has quickly grown into a leading fintech company in Africa. Flutterwave is headquartered in San Francisco, California with operations in 14 African countries, including Nigeria.

Flutterwave POS terminals are known for their affordability and ease of use. Flutterwave charges a competitive transaction fee of 0.6% on withdrawals and N20 on deposits.

FAQS

Which is the best between opay and Moniepoint?

Both Opay and MoniePoint are popular POS machines in Nigeria with no target. However, Opay is generally considered to be the more reliable option, with a better track record and customer support.

Which POS has the lowest charges in Nigeria?

The POS machine with the lowest charges in Nigeria is Opay. Opay charges a transaction fee of 0.5%, while most other POS machines charge a transaction fee of 0.6% or higher.

Conclusion

No-target POS machines offer a number of benefits for businesses of all sizes. They give you the flexibility, freedom, and low costs you need to run your business successfully.

If you're looking for a POS machine that's right for your business, be sure to consider one of the no-target POS machines on this list.