Moniepoint Agent: How to Become A Moniepoint Agent
How to Become a Moniepoint Aggregator or Agent: If you’re looking to become a Moniepoint Agent or Aggregator, you’re in the right place.
Before getting into the main topic, let’s clarify the difference between a Moniepoint Agent and an Aggregator.
Moniepoint Agent: These are individuals who own POS terminals in their local communities and offer financial services. They assist with cash withdrawals, money transfers, airtime purchases, bill payments, and more.
Moniepoint Aggregator: Aggregators serve as distributors who help register new POS owners as agents.
Now that you understand the distinction between an Aggregator and an Agent, this article will focus on guiding you through the process of becoming a Moniepoint Agent. We’ll also cover commission details and other essential information you need to get started.
About Moniepoint POS
Moniepoint is a rapidly expanding, trustworthy, and secure mobile banking platform in Nigeria and beyond. It primarily encompasses Point of Sales (POS) terminals and a mobile/fintech app, benefiting both customers and Moniepoint Aggregators/Agents.
In today’s market, the POS business has become one of the quickest and most accessible ventures to start in Nigeria with minimal capital. Moniepoint Agents earn commissions for the financial services they provide to their customers. In addition to these commissions, they also generate income from service charges.
How To Become A Moniepoint Agent
Becoming a Moniepoint Agent is a straightforward process that doesn’t require much effort. Simply visit or contact the nearest Moniepoint Aggregator office in your area. Once there, a representative will inform you of the necessary requirements and guide you through the registration and application steps.
Cost Of Moniepoint Machine
The Moniepoint POS machine is priced at ₦21,500, making it more affordable compared to other providers such as Opay, Palmpay, Baxi Box, and Kudi.
Key Features Of Moniepoint POS
Here are some of the essential features of the Moniepoint POS machine:
– Allows money transfers.
– Enables account balance checks.
– Facilitates cash deposits and withdrawals.
– Supports bill payments (electricity, cable TV, betting accounts, etc.).
– Offers airtime and data purchases.
Requirements To Become A Moniepoint Agent
To become a Moniepoint Agent, you will need to provide the following:
– Business name
– Full name
– Date of birth
– Bank Verification Number (BVN)
– Phone number
– Utility bill (e.g., electricity bill)
– A government-issued ID (such as NIN, driver’s license, or voter’s card)
– Residential address
– Next of kin’s phone number and address
– ₦21,500 for the Moniepoint POS terminal
How to Apply for A Moniepoint POS Terminal
To apply for a POS machine, you can visit a nearby Moniepoint Aggregator office, request the Moniepoint POS application form, and fill out the required information. Alternatively, you can:
– Download the Moniepoint mobile app from the App Store.
– Sign up and submit the necessary documents online.
Frequently Asked Questions (FAQs)
1. What is the cost of becoming a Moniepoint Agent?
Becoming a Moniepoint Agent is typically free, but you will need to pay ₦21,500 for the POS machine.
2. How can I check my earnings as a Moniepoint Agent?
To view your earnings, simply access your dashboard through the Moniepoint mobile app or by visiting the official website.
3. Can I become an agent while running another business?
Yes, you can become a Moniepoint agent even if you have another business.
4. Is a physical shop required to become a Moniepoint Agent?
Yes, having a physical shop or location is necessary. This ensures a secure and accessible point for customers to carry out their transactions.
5. Where is the Moniepoint Agent office located?
Moniepoint’s head office is located at #12 Wole Ariyo Street, Lekki Phase 1, Lagos State, Nigeria.
Based on customer reviews and testimonials, Moniepoint is a legitimate company with top-quality service.
