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Paga Pos Machine Price, Charges, Daily Target: How to get Paga Pos Machine

Paga is a leading mobile money and payments platform in Nigeria. It offers a variety of services, including money transfers, bill payments, and airtime top-up. Paga also offers POS machines that allow merchants to accept payments from customers.

In this article, we will discuss the price of Paga POS machines, the charges associated with using them, the daily target that merchants must meet, and how to get a Paga POS machine.

We will also provide some tips for merchants who are considering using a Paga POS machine.

Paga Pos Machine Price

The cost of a Paga POS machine varies based on the model you select. Paga offers two types of POS machines: the Paga Classic and the Paga Premium.

The Paga Classic is the more budget-friendly option, priced at N30,000 for purchase, and it does not incur a monthly subscription fee. However, there are transaction charges associated with using the Paga Classic.

On the other hand, the Paga Premium is the higher-end choice, priced at N50,000 for purchase, and it requires a monthly subscription fee of N10,000. Nevertheless, there are no transaction charges when using the Paga Premium.

In addition to the purchase and subscription fees, there are other charges associated with operating a Paga POS machine, including:

  • Interchange fee: This fee is imposed by the card networks like Visa and Mastercard when a customer uses their card for payment. The interchange fee typically amounts to approximately 2% of the transaction value.
  • Merchant service fee: Paga levies a fee on the merchant for processing payments. The merchant service fee usually constitutes around 1% of the transaction amount.

The overall price of a Paga POS machine depends on your chosen model and the volume of transactions you anticipate processing. If you are a small-scale merchant with limited transaction volumes, the Paga Classic might be a suitable option. Conversely, if you are a larger merchant expecting a high volume of transactions, the Paga Premium could be the more suitable choice for your business needs. 

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Paga Pos Machine Charges

Paga POS machine. Here’s a summary of the charges for both types of Paga POS machines:

Type of POS Machine:

  • Paga Classic:
    • Purchase Price: N30,000
    • Monthly Subscription Fee: None
    • Transaction Charges: Interchange fee + Merchant service fee
    • Daily Target: N10,000 (with a penalty of N500 if not met)
  • Paga Premium:
    • Purchase Price: N50,000
    • Monthly Subscription Fee: N10,000
    • Transaction Charges: None
    • Daily Target: N10,000 (with a penalty of N500 if not met)
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Interchange Fee: This fee is charged by the card networks (e.g., Visa, Mastercard) and typically amounts to around 2% of the transaction amount.

Merchant Service Fee: Paga charges a fee to the merchant for processing payments, which is usually around 1% of the transaction amount.

Daily Target: Paga merchants are required to achieve a daily transaction volume of N10,000. Failure to meet this target incurs a penalty of N500.

To illustrate how the charges work for a Paga Classic POS machine:

  • If a merchant processes a transaction of N10,000, the interchange fee would be N200, and the merchant service fee would be N100. The total charge for the transaction would be N300.
  • If the merchant processes a total of N100,000 in transactions in a day, the total interchange fee would be N20,000, and the total merchant service fee would be N10,000. The total charges for the day would be N30,000.

As a merchant considering using a Paga POS machine, it’s crucial to factor in these charges while making your decision. The charges can accumulate, so ensure that your projected revenue is sufficient to cover them effectively.

Paga Pos Machine Daily Target

Paga required its merchants using a Paga POS machine to meet a daily target of N10,000 in transaction volume. This means that each day, the merchant should process transactions with a total value of at least N10,000.

If a merchant fails to meet this daily target, they may be subject to a penalty, which was typically set at N500. This penalty is imposed if the daily transaction volume falls short of the required N10,000.

Paga Pos Machine Daily Target

The steps to get a Paga POS machine are as follows:

  • Visit the Paga Website or Contact Customer Support: Start by visiting the Paga website or getting in touch with their customer support team to express your interest in obtaining a POS machine for your business.
  • Provide Business Details: During the application process, you will be required to provide your business details, which typically include your business name, address, and contact information (phone number).
  • Select the POS Machine Type: Choose the type of Paga POS machine you want. Paga offers two types: the Paga Classic and the Paga Premium. Each type comes with its own pricing and features, so select the one that suits your business needs.
  • Make Payment: Depending on the POS machine type you choose, you may need to pay the purchase price or the monthly subscription fee. Ensure that you complete the payment as required.
  • Wait for Delivery: After payment, wait for the Paga POS machine to be delivered to your specified location. The delivery process may take some time, so be patient.
  • Activation and Setup: Once you receive the POS machine, follow the provided instructions to activate and set it up for your business. This typically involves linking it to your Paga account and connecting it to your business bank account.
  • Start Accepting Payments: After successful setup, you can start using the Paga POS machine to accept payments from your customers. Provide them with the option to pay using cards, and the POS machine will process the transactions securely.
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Requirements to get a Paga POS Machine:

  • Registered Business: You must have a registered business to be eligible for obtaining a Paga POS machine. This ensures that your business is recognized and operating legally.
  • Valid NIN: You need to have a valid National Identification Number (NIN). The NIN serves as a unique identifier for individuals in Nigeria and may be required for verification purposes.
  • Bank Account: You must have a valid business bank account that will be linked to the Paga POS machine. This account will be used to receive the funds from the transactions made through the POS machine.
  • Daily Transaction Volume: Paga requires merchants using their POS machines to meet a daily target of N10,000 in transaction volume. This means you should aim to process transactions with a total value of at least N10,000 each day.

Meeting all these requirements will make you eligible to apply for and receive a Paga POS machine for your business, allowing you to offer card payment options to your customers and enhance the overall payment experience.


How do I get a Paga POS machine?

To get a Paga POS machine, follow these steps:

  • Visit the Paga website or contact their customer support team to request a POS machine.
  • Provide your business details, including your name, address, and phone number.
  • Choose the type of POS machine you want (Paga Classic or Paga Premium) and pay the purchase price or monthly subscription fee.
  • Wait for the POS machine to be delivered to your location.
  • Once the POS machine arrives, activate it and start accepting payments from your customers.
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 How much does Paga charge per transaction?

The charges for Paga transactions depend on the type of POS machine you have. For the Paga Classic POS machine, there are transaction charges which include the interchange fee (charged by the card networks) and the merchant service fee (charged by Paga). The Paga Premium POS machine, on the other hand, does not have transaction charges.

How much do POS agents charge per transaction?

The charges by POS agents can vary and are not directly determined by Paga. POS agents might charge a convenience fee or commission on transactions, and the specific amount can vary from one agent to another. Merchants using Paga POS machines need to be aware of any additional charges imposed by the POS agents they work with.

Which bank owns Paga?

Paga is not owned by any bank. It is a financial technology (fintech) company that provides digital payment services and solutions. Paga is an independent entity and not owned by any specific financial institution.

What is the full meaning of Paga?

The word “Paga” does not have a specific full meaning. Paga is the name of the fintech company and is used as its brand name. The company was founded in Nigeria and has become a prominent player in the digital payment space, offering services that include mobile money, bill payments, and merchant transactions, among others.


In conclusion, the Paga POS machine provides a convenient and efficient solution for businesses looking to expand their payment options and enhance customer experience. The pricing options for the Paga POS machine are flexible, offering both the Paga Classic, with a purchase price of N30,000 and transaction charges, and the Paga Premium, priced at N50,000 with a monthly subscription fee but no transaction charges. However, it is essential for merchants to consider their business requirements and transaction volumes to determine the most suitable option.

Alongside the purchase and subscription fees, merchants should be aware of the interchange fee and the merchant service fee, which are standard charges associated with processing card payments. Additionally, merchants using the Paga POS machine must meet a daily target of N10,000 in transaction volume, ensuring steady business growth and avoiding penalties.

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