A point of sale popularly known as (POS machine ) can be refers to as a place where a customer executes the payment for goods or services rendered or transacted and where sales taxes may become payable. A POS transaction may occur in person or online, with receipts generated either in print or electronically.
We have a lot of POS machines company in Nigeria and mobile money merchant but in this article, we are going to discuss exclusively about moneipoint POS machines and their network charges and what’s needed to acquire the POS if you want to venture into POS business.
Moniepoint POS is one of the mobile money merchants in Nigeria that uses Point of Sale (POS) machines as the device to carry out financial transactions just like other companies such as OPay, Kudi, PalmPay, Paycenter, Access Closa, etc.
How do I apply for Monie Point POS
To become a Moniepoint POS agent, all you need to do is to follow the processes below: Visit their official website at https://moniepoint.com/ Fill the registration form for Moniepoint agents and submit. Confirm your email address and phone number and an agent would reach out to you after 48 hours of registration.
Document needed to get Monie points POS
Full Name
Date of birth
Email:
Business name:
Phone number:
Residential Address:
Business address
Account number:
Bank name:
BVN:
Picture of Valid ID card
Passport photograph
Picture of Utility bill
Picture of your signature on a plain sheet
Next of kin
Name:
Address:
Relationship:
Phone number:
Email address
Filling this form means you have accepted all terms and conditions of moniepoint…
*TERMS OF SERVICE*
1. Moniepoint has a target of 30k withdrawal daily Monday to Saturday
2. Moniepoint POS Is not for sale but still remain the property of moniepoint.
3. 10000 will be refunded if you want to refund the terminal before 1 year of registration.
Monie Point charges
For transactions above ₦20,000, Moniepoint charges a flat rate of ₦100.
For transfers, Moneypoint POS charges a flat rate of ₦20.
Here’s a breakdown of Moniepoint POS transaction charges:
- ₦1000 charges = ₦5
- ₦2000 charges = ₦10
- ₦3000 charges = ₦15
- ₦4000 charges = ₦20
- ₦5000 charges = ₦25
- ₦6000 charges = ₦30
- ₦7000 charges = ₦35
- ₦8000 charges = ₦40
- ₦9000 charges = ₦45
- ₦10,000 charges = ₦50
- ₦11,000 charges = ₦55
- ₦12,000 charges = ₦60
