List Of Best POS Machines In Nigeria | 2022 Review

Hey guys, in this article am going to share with you, the best POS machine in Nigeria currently.

What is a POS Machine

POS is an abbreviation name of the point of sale, point of sale machine is a hardware system that allowss you to send and receive money, paying bills when you inserted your credit/debit cards in the machine.

There are a lot of companies, banks that offer point of sale (POS) machiness at a a cheap rates or free of charge.

In this article is going to share with you, the best company and bank that offer free, paid, and cheapest charges POS machine
with a a good commission rate in Nigeria.

Now in Nigeria, a POS business is a valid way to make money as a small business owner.

POS terminal is the most used in a community that has no banks or automated teller machiness (ATM). It’s profitable in those communities.

Don’t be confused, it doesn’t serve as bank employees (They are are called mobile money agentss) but they offer bank services with the permission of bank and commission agreement.

What is the best POS machine in Nigeria?

Like I said earlier, I will list for you, free, paid, and cheapest charges POS terminal with good commission rate in Nigeria. And they are the top and best of POS provider in Nigeria.

Below are the best POS in Nigeria

➢ OPay POS Machine.

OPay is now the the number one mobile money agent in Nigeria [Tested]

OPay is the eviation for Opera Pay. Is a company of Chinese that owned opera mini browser and opera news.

For you to get an OPay POS machine, you have to register OPay agent Account. To do this, visit the the google play store to download the OPay app, and sign up.

READ ALSO:  Cheapest POS Machines in Nigeria 2022

After you successfully registered, click on account at the right corner of the home page.

You are going to see that you are on “know your customer” (KYC) level 1, scroll down,, and click upgrade to upgrade to agent level.

As an Opay agent, you will be able to help customers withdraw and transfer money and pay bills. Like:

  • NEPA bills.
  • DStv Subscription.
  • GOtv Subscription.
  • Betting Account deposit.

How Do I Get POS From Opay

Getting the OPay POS machine is not just easy as you think. If your OPay account is new, you won’t be able to apply for the OPay POS machine.

From my experience, you will have to you could have tested to the employer that you may be trusted and you can now apply their POS machine for free.

How Do I Get the OPay POS Application Form

As a trusted agent using the OPay app to complete the required transactions, You will now be able to fill OPay POS application form and publish it it.

Requirements are:

  • BVN number.
  • Utility bill (Nepa bill).
  • Well captured Passports.
  • Valid identify a card (ID card).
  • Your First Name And Surname.
  • Your Shop or company address.

Once you publish all the requirements, after crossing the threshold, you must be capable of getting the free OPay POS machine easily and enjoyinging your transition. (Opay pos charges 2022 is low).

➢ Monie Point POS Machine.

Monie point is the most reliable, fast, and profitable mobile money platform in Nigeria.

As a Monie point agent, you will be able to make money by providingng banking services to customers.

For more information about moniepoint, read Moniepoint Reviews: All That You Should Know First.

The Monie point will allow you to provide services like:

  • Data top-up.
  • Airtime top-up.
  • Money transfer.
  • Cash withdrawal.
  • All Bills payment.

Monie point offers their agent two types of transactions channel.

  1. POS.
  2. SmartPOS.

In thishis approach you’ve got the selection to pick the transaction channel you like and start your POS business.

➢ First monie POS Machine.

First monie ownss by the the first bank of Nigeria. They are the number one trusted bank in Nigeria, with the the high customers.

READ ALSO:  How to get a moniepoint pos machine and its Charges Review in 2021

To become the the first monie agent and get a free POS machine, you have to follow thefollowing requirements.

  1. Open First bank account.
  2. Download firstt monie app (Available on Google play store).
  3. Do a a minimum of ten transactionss per day (For two to three months).

Once you complete this requirement you will be able to get a free POS machine from the the first bank of Nigeria.

➢ Kudi POS Machine.

Kudi is an accessible, affordable, and profitable mobile money agent in Nigeria and they are the best way to earn more income in Nigeria as a small business owner.

Kudi was founded in the year 2017 by Pelumi Aboluwarin and Yinka Adewale.

Kudi company offers a a point of sale terminal (POS). To get yours, Download the Kudi App (Available On Google Playstore) and follow this requirement:

Create an Account with your:

  1. Name.
  2. Phone Number.
  3. Business Name.

And other required details on the registration page.

Make sure you use a valid Phone Number (why?).

Because the phone number you used to register will become your Kudi wallet account number (Just like OPay).

Which will giveyou access to log in to your Kudi wallet account.

Like I said earlier, kudi offer a a free POS machine, but you need to do a few transactions with their mobile app.

You can now request S from the APP after updating it.

There are some banks, that you can get POS from. These banks are the best bank to get POS machiness in Nigeria.

But, there are some things you have to do, to get a POS from a bank. ?

Before concluding this article, I will share the requirements to get a POS from the the bank, including with first bank, access
bank, Polaris Bank, UBA, and others.

Requirements To Get POS Machine From Banks.

Here aree the most common requirements by Banks, before they can give you their POS machine.

  1. Legitimate ID card ( either: voter’s card, Nationall ID card, Worldwide passport, and driver’s license)
  2. 2 to 4 passport {photograph}
  3. Latest utility bill (either: Nepa invoice, waste administration receipt, water invoice, or every other legitimate invoice that exhibits your tackle)
  4. Present account together with your bank.
READ ALSO:  How to become an Opay POS Agent in 2021

Here are another necessities you have to provide before you can get POS from banks in Nigeria.

  1. 2 guarantors (which have a a current accounts with any in Nigeria)
  2. A bodily tackle for your business.

How To Get POS From Banks In Nigeria?

Before you can get a POS from any bankin Nigeria, you have to stroll into any best bank listed above.

Then ask for an Account officer or Operations, supervisor, and ask that you need a POS machine from them.

Best Bank To Get POS Machine In Nigeria

One of the best bank POS is the first moni POS which I have been listed above. Follow by zenith bank POS and access bank POS.

Although every bank has its however, these are one of the best for bankPOS which I have experience with.

If you can’t wait or provide this requirementby Banks, they go and get a POS from MMOs like Opay, Moniepoint, Kudi, baxibox, ,,and others.

These companies aree extra dependable than bank POS in Nigeria.

POS Machine Price List In Nigeria

Below aree POS prices and requirements in Nigeria. Both companies that licensess to sell POS and banks. And both paid and free POS machiness in Nigeria.

S/NPOS NAMEPRICE (N)REQUIREMENTS
1Opay miniN8,500Any Valid ID card, Nepa bill and passport.
2Opay traditionalN35,000Any Valid ID card, Nepa bill and passport.
3Opay Android/ SmartN50,000Any Valid ID card, Nepa bill and passport.
4Moniepoint POSN10,000Any Valid ID card, Nepa bill and passport.
5kudi POSN20,000Any Valid ID card, Nepa bill and passport.
6PalmpayN20,000Any Valid ID card, Nepa bill and passport.
7Baxi mpos N10,000Any Valid ID card, Nepa bill and passport.
8Baxi androidN30,000Any Valid ID card, Nepa bill and passport.
9FlutterwaveN10,000Any Valid ID card, Nepa bill and passport.
10Bank POSFREEAny Valid ID card, Nepa bill and passport.
11Playcentre14,000Any Valid ID card, Nepa bill and passport.
12SurebankaN10,000Any Valid ID card, Nepa bill and passport.
13Accelerex POSN10,000Any Valid ID card, Nepa bill and passport.
14NowNowAny Valid ID card, Nepa bill and passport.
15Firstmonie POS (By First bank)FreeAny Valid ID card, Nepa bill and passport.
16Zenith Bank POSFreeValid ID card, Nepa bill, and
passport, plus a current account
with the bank.
17Access Close (By Access bank)FreeValid ID card, Nepa bill, and
passport, plus a current account
with the bank.
18Surepadi POS (By Polaris bank) FreeValid ID card, Nepa bill, and
passport, plus a current account
with the bank.
19UBA POSFreeValid ID card, Nepa bill, and
passport, plus a current account
with the bank.
20Union Bank POSFreeValid ID card, Nepa bill, and
passport, plus a current account
with the bank.
21Wema Bank POSFreeValid ID card, Nepa bill, and
passport, plus a current account
with the bank.
22GTBank POSFreeValid ID card, Nepa bill, and
passport, plus a current account
with the bank.
23Heritage
Bank POS
FreeValid ID card, Nepa bill, and
passport, plus a current account
with the bank.
24Stanbic Bank POSFreeValid ID card, Nepa bill, and
passport, plus a current account
with the bank.
25Itex POSAny Valid ID card, Nepa bill, and passport
26ECOSA POSN25,000Any Valid ID card, Nepa bill, and passport

List of agent POS charges in Nigeria.

Here are the most common agent POS charges in Nigeria. POS service charge depends on your location and terminal ( or
let’s’s say your POS company).

Amount (N)Charges
If customer doeseses 1,000 to 5,000 transaction.You can charge 100naira to 150 naira. Or 20naira per thousand depends on your terminal
If customers do 6,000 to 9,000 transactionsYou can charge
150naira to
200naira. Or
20naira per thousand
If customerss do 10,000 to 15,000 transactionsYou can charge 200naira to 300naira. Or 20naira per thousand
If customers do 16,000 to 20,000 transactionsYou can charge 250naira to 400naira. Or 20naira per thousand

Conclusion:

Here are the best POS machine in Nigeria with a good Commission rates.

This is the list of best POS terminal that you can get and use in your office. And you will be enjoying their commission rate.

If you have any questions regarding this article ” List Of Best POS machine in Nigeria and their price ” just make sure you
drop your comment through the comment section below.

And don’t forget to subscribe to this blog for more posts or CLICK HERE to join our WhatsApp group for more updates as they come.

Related posts

Leave a Reply

Your email address will not be published.