Moniepoint is a popular payment processing company in Nigeria that offers POS machines to businesses of all sizes. If you’re looking to get a POS machine from Moniepoint, there are a few things you need to know.
If you are interested in getting a Moniepoint POS machine, but unsure about the charges, price, and daily target, Look no further, as I have all the information you need to get started. With a Moniepoint POS machine, you can easily accept payments from your customers and grow your business. Keep reading to learn more about how to get a Moniepoint POS machine, its charges, price, and daily target.
Overview Of Moniepoint
Moniepoint is like a helper for businesses when it comes to taking payments. It’s a special machine, called a Point of Sale (POS) system, that makes it easy for customers to pay using their debit or credit cards, or even their mobile wallets. This helps businesses offer a simple and quick way for customers to buy things.
Features Of Moniepoint
- Easy Payments: Moniepoint makes it simple for businesses to accept different types of payments. Customers can use their cards or mobile wallets to pay, making the process smooth and convenient.
- Helpful Insights: Moniepoint also gives useful information about transactions. This helps businesses understand what customers like to buy, so they can plan and offer things that people enjoy.
- Reaching More People: Moniepoint doesn’t just work in big cities; it can also help people in places where there aren’t many payment options. This means more people can buy things without any worries.
- Fitting In Everywhere: Moniepoint can easily join in with a business’s existing way of doing things. Whether it’s a shop, a restaurant, or anything else, Moniepoint can fit right in.
Why Moniepoint Matters:
Using Moniepoint is more than just handling payments. It’s about helping businesses grow and make their customers happy. By using Moniepoint, businesses can do their work better and offer a nice experience for people who want to buy things.
How To Get A Moniepoint POS
Getting a Moniepoint POS machine is a breeze! Here’s a breakdown of the steps you need to follow:
- Connect with Moniepoint: Begin by either visiting the Moniepoint website or getting in touch with a Moniepoint agent. This is your gateway to a seamless payment solution.
- Share Your Business Info: Provide essential details about your business, like your name, address, and phone number. This helps Moniepoint tailor their services to your needs.
- Select Your POS Machine: Choose the type of POS machine that aligns best with your business requirements. Moniepoint offers both basic and advanced options.
- Handle the Fees: Take care of the financial side by paying the one-time activation fee. For the basic machine, it’s N10,000, and for the advanced one, it’s N20,000. Additionally, there’s a monthly subscription fee of N2,500 for the basic machine and N5,000 for the advanced machine.
- POS Machine Delivery: Once the formalities are settled, your chosen POS machine will be delivered to you.
- Start Accepting Payments: With your brand-new Moniepoint POS machine in hand, you’re all set to start accepting payments from your customers!
That’s it! By following these steps, you’ll have a Moniepoint POS machine up and running in no time, making your business transactions smoother and more efficient.
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Moniepoint POS Charges
Here’s a breakdown of the Moniepoint POS charges for 2023:
Withdrawals:
- For withdrawals between N1 and N20,000, there’s a charge of 0.5% of the transaction amount.
- Withdrawals above N20,000 have a flat rate charge of N100.
Transfers:
- Transfers come with a flat rate charge of N20.
Data:
- MTN data top-ups have a 3% commission.
- Glo data top-ups have a 4% commission.
TV Subscriptions:
- DSTv, GOTv, and PHCN subscriptions each have a 2% commission.
- 9Mobile data top-ups have a 4.5% commission.
- Airtel data top-ups have a 4% commission.
- Star Times subscriptions come with a 2% commission.
Please Note:
- The charges for withdrawals and transfers are based on the total transaction amount, including the service charge.
- The charges for data and TV subscriptions are calculated based on the amount of the recharge or subscription.
- Customers are responsible for paying the Moniepoint POS charges.
Remember, these charges play a part in ensuring that Moniepoint can provide you with reliable and efficient services. If you have any questions or need further clarification about the charges, don’t hesitate to reach out to Moniepoint’s customer support for assistance.
Moniepoint POS Machine Price
The current cost of acquiring a Moniepoint POS machine in Nigeria is set at an amount of N21,500. It’s important to note that this price point is subject to prevailing market conditions and may be subject to adjustments.
Moniepoint POS Daily Target
The Moniepoint POS daily target is N50,000 in withdrawal value. This means that you must process at least N50,000 worth of withdrawals per day in order to meet your target. If you do not meet your target, your POS machine may be deactivated.
However, it is important to note that this target is not set in stone. Moniepoint may adjust the target depending on the agent’s location and the number of transactions they process.
FAQS
How much is Moniepoint target a day?
Moniepoint does not have a set daily target for its agents. However, agents are expected to generate a certain amount of revenue each month in order to maintain their account. The amount of revenue required will vary depending on the agent’s location and the number of transactions they process.
How much does Moniepoint POS charge per transaction?
Moniepoint POS charges a flat rate of 0.5% of the transaction amount for withdrawals between N1 and N20,000. For withdrawals above N20,000, Moniepoint charges a flat rate of N100. Moniepoint also charges a flat rate of N20 for transfers.
What are the POS charges for Moniepoint in 2023?
The POS charges for Moniepoint in 2023 are as follows:
- Withdrawals:
- 0.5% of the transaction amount for withdrawals between N1 and N20,000.
- N100 flat rate for withdrawals above N20,000.
- Transfers:
- N20 flat rate for transfers.
- Data:
- MTN: 3% commission.
- Glo: 4% commission.
- DSTv: 2% commission.
- GOTv: 2% commission.
- PHCN: 2% commission.
- 9Mobile: 4.5% commission.
- Airtel: 4% commission.
- TV Subscription:
- Star Times: 2% commission.
How much does POS agent charge per transaction?
The amount that a POS agent charges per transaction will vary depending on the agent. Some agents charge a flat rate, while others charge a percentage of the transaction amount. The average POS agent charge in Nigeria is around N100 per transaction.
How much does moniepoint charge for 200000?
For a withdrawal of N200,000, Moniepoint will charge a flat rate of N100. This means that the total cost of the withdrawal will be N201,000.
Conclusion
In conclusion, getting a Moniepoint POS Machine is a great way to increase your business transactions and revenue. The charges and price of the machine are reasonable, and the daily target can be easily achieved with consistent usage. With this information, you can make an informed decision on whether or not to get a Moniepoint POS Machine for your business needs.
