GETTING MONIEPOINT POS MACHINE: A Complete Guide
A POS terminal is a device that allows businesses to securely process in-person transactions, such as credit and debit card payments.
This can help improve the customer experience by providing a quick and easy way for them to pay for their purchases.
Why You Need A POS Machine
Moniepoint POS terminals come with strong security features, like encrypted payment processing, so you and your customers can feel safe. They also provide proof of transactions, simplifying your bookkeeping. Plus, customers can pay by card or transfer, which is super convenient!
Benefits of Moniepoint POS
Here’s why many business owners prefer Moniepoint:
- Secure payments for peace of mind
- User-friendly interface
- Quick dispute resolution
- Compatible with all cards
- Long battery life
- Accepts card and transfer payments
Getting Started
To get a Moniepoint POS, first set up a Moniepoint business account. Once that’s done, you can easily obtain your POS!
Key Points to Remember
If you’re interested in a Moniepoint POS machine, keep these three important points in mind:
1. While you pay for the Moniepoint POS, it is leased to you, meaning you avoid heavy upfront costs for a terminal.
2. Moniepoint supports your business growth and encourages processing a minimum of ₦80,000 in daily transactions. Failing to meet this target may lead to reassignment of the POS.
3. Proper maintenance of the Moniepoint POS has its rewards.
If the terminal is returned in good condition, you may receive ₦10,000.
Moniepoint POS Charges and Commission Structure
Here’s a simplified breakdown of Moniepoint’s charges:
1. Withdrawals:
– For amounts between N1 and N20,000: Charged a flat rate of 0.5% of the total amount.
– For amounts above N20,000: Charged a flat rate of N100.
2. Transfers: Charged a flat rate of N20.
3. Cashback:
– Withdrawals: Up to N20 cashback.
– Transfers: Up to N5 cashback.
4. Airtime Purchases: Charged 2% for all networks.
5. Bill Payments: No charge.
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