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. In this article, you will get everything necessary for you to get a Palmpay POS Machine.
How to Become a Palmpay POS Agent
You need to follow specific processes to become a Palmpay POS agent. Here are all you need to do:
- Go to their official website, Agent application page at Palmpay.com
- Once you get to the site, Click “Get Started Now.”
- Fill out the Apply Now form by entering all the necessary information.
- Then Click on “Apple Now” and follow the remaining onscreen process.
Once you follow the process above, one of Palmpay’s team members will reply immediately. That is all you must do to become a Palmpay POS Agent and get their POS. Visiting any Palmpay physical Office/shop before or after your signing up is advised.
Requirement for Palmpay POS Machine
In the registration process to become an agent, you are required to supply the following:
- A Licensed business
- Your bank verification number (BVN)
- Your bank account number
- Bill For Utilities (known as Nepa Bill)
- Identity card: these could be your National ID, Voter’s card, or any other nationally accepted card.
- Valid Phone contact number and email address.
What Can You Do with Palmpay POS
These are things you can do with your Palmpay POS
- Money transfer.
- Withdraw Cash.
- Instant settlement.
- Check account balances.
- Payment of utility bills.
How do you log in to Palmpay POS?
If you are done with the registration process, you can easily log in to the Palmpay POS dashboard:
- Download the Palmpay app from the Google Play Store or App Store
- Login to your account on the Palmpay 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 Palmpay POS.
FAQ
About Palmpay POS
- The Palmpay 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.
Palmpay POS Charges and Commission Structure?
The volume of transactions via the terminal determines the charges by Palmpay POS. But as a starter guide, here are some of the commissions and charges by Palmpay POS.
- With withdrawals between N1 and N20,000, Palmpay POS charges only 0.5% of the transaction amount.
- For transactions above N20,000, Palmpay charges a flat rate of N100 (charges may change at any time).
- For transfers, Palmpay POS charges a flat rate of N20.
Applicable Rules to Palmpay 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 Palmpay POS device within a year of issuance.
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