Moniepoint POS machine is the fastest and the most secure way to accept payments from anywhere in Nigeria, they make sure they provide extra security throughout all their channels of payment to avoid fraud or Theft.
However, they make payments very fast from any bank account that your customers are using either through ATM, bank app or USSD code, there network is the fastest which helps you to receive money instantly from your customers into your bank account.
And if you are a business owner and you need point of sales terminal for your business for ease financial transactions between you and your customers, then Moniepoint POS machine should be your best choice.
Moniepoint POS machine are used for many purposed which is not limited to; cash withdrawals, cash transfer, bill payments and airtime recharge.
To get the POS machine is easy, but it need some processes which you need to pay attention and understand. The POS terminal are only deployed to agents who have been vetted on a rigorous know your customer (KYC) process, which is a way of verifying the person that want to collect the POS machine.
The fact is that moniepoint POS machine can’t be given to an individual that has no physical address, or someone that it business is unreal or unverifiable. You need to have a legal business that you are operating or have a prove that you want to start a POS business or you want to attach the POS business to your already existing business.
How to become moniepoint POS agent:
- Visit https://moniepoint.com/
- Click on open an account now
- Enter your email address and phone number
- Verify your phone number through the OTP sent to you
- Enter your home or offlice address
- Choose your country
- Finally, click on submit.
After you have submitted your application, within 84 hours of your registration an aggregator or anyone who is in charge will contact you for more details.
Documents needed to become Moniepoint POS agent:
Below are the necessary documents that you need to submit before you can be qualify to become moniepoint POS agent;
- A certified business license
- Your bank account Number
- Your bank verification number (BVN)
- NEPA bill
- Identity card.
Your identity card may be National ID, Voters card, or any other nationally accepted card.
The reason why they needed your BVN is to confirm maybe if the details you provided is actually real or fake.
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What is Moniepoint POS charges and commission structure?
Moniepoint has the cheapest POS machine and a good commission rate but they all depends based in the number of transactions performed.
- For withdrawals of N20,000 and below, Moniepoint charges only 0.5% of the transaction amount.
- For transactions above N20,000 Moniepoint charges a flat rate of N100.
- Moniepoint charges a flat rate of N20 for transfers
For Data Top Up:
- MTN 3% commission
- Glo 4% commission
- 9Mobile 4.5% commission
- Airtel 4% commission
For TV Subscription:
- DSTv 2% commission
- GOTv 2% commission
- PHCN 2% commission
- Star Times 2% commission
How to solve Moniepoint transaction limits
Is your POS machine showing “the transaction exceeds the daily transaction limit”, this is because you have reach your maximum transfer default level (KYC level 1).
Moniepoint set a transaction limit for those who haven’t upgraded to a business level. But if you are having such issue all you have to do is to upgrade your KYC level to a business and they would remove the limit. To upgrade to business level follow these steps.
- Login to your Moniepoint account and navigate to KYC level
- Scroll to your dashboard, click menu, and select settings
- From the drop down menu, Select upgrade.
How to login to moniepoint POS;
- Visit https://atm.moniepoint.com/
- Enter your username and password
- Click on log in.
Wait for the page to load, you will be taken to your moniepoint dashboard, and in case you forgot your password or username you can visit moniepoint login page.
Click on forget password or username to retrieve any of them back fast.
Moniepoint POS Usage Rules:
- At least 4 daily deposits.
- Minimum of doing ₦80,000 daily withdrawal value (which differs with location).
- You will get 50% cashback of the ₦20,000 paid during registration if an aggregator has any cause to withdraw your POS device within a year of issuance.
Does moniepoint have an app?
Yes, moniepoint POS have an application that you can easily download on playstore and register/login to your moniepoint account.
How much is moniepoint POS machine in Nigeria?
The current price of moniepoint POS machine is N21,500 only, this twenty-one thousand five hundred Naira is not for buying the terminal rather its a caution fee that you need to deposit before the POS can be given to you.
You can get your money back if you decided to return the POS without any problem, but if the POS has fault before you return it, they may not give you the caution fee back.
After the moniepoint POS application, when will I get the machine?
You will get your POS machine Within 48 hours if you are in lagos but, for other states it may be within five business days.
What is moniepoint daily target?
N70,000. If you fail to meet the daily target your POS machine might be collected from you or they will lock it, and you can still unblock it by contacting them.
How do I unlock moniepoint POS device?
If your moniepoint device suddenly become inactive or locked you do not have to worry as the simple solution is here below that can help you to fix it by changing your transaction PIN.
- Kindly login your app.
- Click on profile on the upper right corner of the app.
- Scroll down and go to PIN reset.
- Enter your current password on the first space and then, chose a new PIN (4digits) and confirm on the space below.
- Save or update to continue.
- Finally, restart your terminal to get back to business.
Moniepoint review;
Moniepoint POS helps you to get instant payment with zero delay through their reliable network, you can manage every of your business with the help of their mobile application.
They also, offer loan to those planning to start up a business, they can offer you loan of upto 5 million naria, that you can use to run and grow your business with very low interest rate.
Is moniepoint approved by CBN?
Yes, Central Bank of Nigeria approved Moniepoint as a fintech company in Nigeria to act as a mini bank mostly in rural areas and places where banks are far away from.
Moniepoint office address;
Moniepoint head office is located at number 12, Wole Ariyo Street, Lekki phase 1., Lagos State, Nigeria.
How do I contact moniepoint?
If you are having any issue with your POS device or you want to ask a question you are free to contact moniepoint through their email support@moniepoint.com and a representative will attend to you as soon as possible.
Finally, Did you have any question related to how to get moniepoint POS machine in Nigeria? feel free to drop the question in the comment box below.
Hanny garments return pos machine
I want to buy a palmpay POS,how can get it and requirement?
Hello!
Good Evening
I am moniepoint agent how can i apply for loan to improve my P.O.S business
with the experience I have heard, I think Moniepoint POS Machine is the fastest & secure way of receiving payments across Nigeria with the aim of expanding it in most countries in Africa, moniepoint is rated as one of the top Fintech companies in Nigeria.
Please 🙏🙏🙏 how can I buy moniepoint POS machine, and how much
Kindly, read the article carefully. The easiest way to get the moniepoint POS machine has been outlined above.
I needed an agent around ilogbo Ota so as to purchase the machine
How can I get moniepoint POS machine
The process has been outlined above
I WANT TO JOIN MONIE POINT
Kindly register and request for the POS machine
Ogabo Stephen ode, I’m interested in starting POS business now. How do I get moniepoint terminal?
To get moneipoint POS machine kindly visit any Moneipoint office in your start or visit their official website to request for it.
I was unable to login to my moniepoint account, but now the issue is solved, thanks such.
Am glad our article is able to help.
Am in Lagos, how can I get moniepoint POS machine. I already have an account with them but am yet to get the POS.
Kindly visit any of their office in Lagos to get the POS machine.
I need money point in Owerri imo state
What do you mean by at least #70,000 per daily transaction . Is it total transaction or percentage profit of moniepoint company. How will I get the POS machine.
Dear Sir/madam,
I just opened a lounge at agric ikorodi, opposite old total filling station now witme filling station, ishawo road, after mechanic village, agric, ikorodu.
Please I require a POS machine immediately and I don’t know how to go about it that’s why I’m dropping this message.
The name of the bar is UPTOWN LOUNGE.
my tell: (contact removed).
How can I get a moniepoint pos machine
For my business, my business is based in Kaduna.
You can visit any Moniepoint POS in Kaduna to apply for one.
Il oh Martina how can I get moniepoint pos machine for my business I based at Onitsha Ana bra State and how long will it take
I really need the machine urgent
Am interested in getting moniepoint machine but I don’t know how to go about it.
A Monie point attendant transferred to my Uba account on 21st March,2023 up till now I have not been credited. What should I do?.
Please help me My account have retrieve please help me out
I’m in anambra state, please how do I get moniepoinnt pos machine to do pos business
You can visit any moniepoint office near you to request for the machine.
Please I need monie pos.
My name is Esther Obot
Comment Text* How to get moniepoint machine in ondo state at ondo west LGA And their address.
Thanks for sharing this solution, it will help people that need Moniepoint POS Login solution.