It is advisable to get a POS if you have a business in Nigeria. To continue making money through digital transactions, get a POS (point of Sale). If you own a POS Machine, it will help out in your day-to-day transactions, withdrawals, airtime purchases, and more at a profit.
This article will give you everything necessary to get a Moniepoint POS machine. To obtain a Moinepoint Pos, you have to become a Moinepoint agent.
How to Become a Moniepoint Pos Agent
You need to follow specific processes to become a Moniepoint POS agent. Here are all you need to do:
- Go to their official website at https://moniepoint.com/
- Once you go to the site, enter “Open an account.”
- Enter your email address and phone number, and an agent will reach out to you after 48 hours of registration.
- The agent would guide you on what you need to do, after which they would confirm you as an agent
- Then, log in to the Moniepoint POS dashboard to manage your account.
Check Out: How to Start A POS Business in Nigeria 2024
Requirement for Moniepoint Machine
In the registration process to become an agent, you are required to have and provide the following :
- A Licensed business
- Your bank verification number (BVN)
- Your bank account number
- Identity card: these could be your National ID, Voters card, or any other nationally accepted card.
What can you do with Moniepoint POS
These are things you can do with your Moniepoint Pos
- Money transfer.
- Withdraw Cash.
- Instant settlement.
- Check customer’s account balances.
- Payment of utility bills.
How to log in to Moniepoint POS?
If you are done with the registration process, you can easily log in to the Moniepoint POS machine dashboard :
- Download the Moniepoint app from the Google Play Store or App Store
- Login to your account on the Moniepoint application
- On their official website, log in through your phone browser
- Then, you can carry out hitch-free transactions as an agent
That is all you have to do to log in to Moniepoint POS.
FAQ
About Moniepoint POS
- The Moniepoint POS is not for sale, I.e. (It remains the property of the company)
- POS Terminals Purchased On “RENT” Are Expected To Be In Use Daily; Otherwise, They’ll Be Retrieved From The Agent.
Basically, after registration, follow the process below to log into your Moniepoint POS dashboard:
- Download the Moniepoint application from the Google Play Store
- Login to your account on the Moniepoint application
- To log in through your phone browser on their official website
- From there on, you can carry out hitch-free transactions as an agent
Moniepoint POS charges and commission structure?
The volume of transactions via the terminal determines the charges by Moniepoint POS. But as a starter guide, here are some of the commissions and charges by Moniepoint POS.
- With withdrawals between N1 and N20,000, Moniepoint POS charges only 0.5% of the transaction amount.
- For transactions above N20,000, Moniepoint charges a flat rate of N100(charges may change at any time.
- For transfers, Moniepoint POS charges a flat rate of N20.
Applicable rules to Moniepoint POS usage?
Minimum of N50,000 (Eighty Thousand Naira only) daily withdrawal value.
You will get 10,000 naira of the N25,000 paid during registration if an aggregator has any cause to withdraw your Moniepoint POS device within a year of issuance.