How to Get a Moniepoint POS: A Step-by-Step Guide
If you’re a business owner in Nigeria looking to simplify payments, getting a Moniepoint POS terminal is a game-changer. It’s widely considered the first step toward modernizing your business and making transactions safer and faster.
If you’re wondering how to get your own Moniepoint POS, you’ve come to the right place. Let’s dive in!
Why Does Your Business Need a POS?
A POS (Point of Sale) terminal allows you to process in-person payments, whether it’s via debit or credit cards. By accepting card payments, you’re offering your customers a quick, secure, and convenient way to pay, even if they don’t have enough cash on hand.
One of the biggest perks? Moniepoint POS terminals come with advanced security features that help protect your business from fraud, giving you and your customers peace of mind. Plus, it keeps your bookkeeping organized, with every transaction neatly tracked and recorded.
Why Choose Moniepoint POS?
Moniepoint POS terminals are trusted by 90% of business owners in Nigeria, and for good reasons. Here are just a few:
– Secure payments for you and your customers
– Easy-to-use interface
– Instant dispute resolution
– Compatible with all card types
– Long-lasting battery
– Accepts both card and transfer payments
With Moniepoint, you get one of the most reliable payment systems in Nigeria. That stability is why so many businesses choose us to handle their transactions.
Requirements for Getting a Moniepoint POS Machine
Before getting your POS terminal, you’ll need to open a Moniepoint business account. No worries, it’s a quick and easy process. [Click here to learn how to open a Moniepoint Business Account](#).
Once that’s done, you’re ready to get your POS terminal and start processing payments like a pro!
3 Key Rules to Know Before Getting a Moniepoint POS
Here are three important things to keep in mind before you proceed with your POS request:
- You Don’t Own It: Moniepoint leases you the POS terminal, so you don’t have to make a huge upfront investment.
- Transaction Target: To keep your POS active, we recommend processing a minimum of ₦80,000 in transactions daily. POS machines that underperform may be reassigned.
- Caution Fee Reward: If you return the Moniepoint POS in great condition, you get rewarded with ₦10,000.
Moniepoint POS Charges and Commissions
Moniepoint keeps things simple and transparent. Here’s the fee breakdown:
– 0.5% per transaction for withdrawals between ₦1 to ₦20,000
– ₦100 flat fee for transactions above ₦20,000
– ₦20 flat fee for transfers
You also get a cashback of ₦20 on withdrawals and ₦5 on transfers. For airtime purchases, there’s a 2% charge on all networks. And guess what? No charges on bill payments!
How to Get a Moniepoint POS for Your Business
Ready to get started? Follow these steps:
- Log in to Your Moniepoint Business Account
Head to your business account and choose the business you want the POS terminal for.
- Select the POS Menu
In your dashboard, go to the “Channels” section and click on the “POS” menu.
- Request a New POS
Click the “Request New POS” button.
- Choose the MP35P Smart POS Terminal
The Moniepoint MP35P Smart POS terminal is a user-friendly, touchscreen device that makes transactions easy for both you and your customers.
- Pay the Required Fees
The total cost of the POS terminal is ₦21,500. This covers a ₦10,000 caution fee, ₦10,000 logistics fee, and ₦1,500 insurance for a whole year.
- Enter Your Delivery Address
Fill in the address where you’d like the POS terminal to be delivered.
- Fund Your Business Account
Make sure your business account is funded with at least ₦21,500 to cover the POS terminal request. Complete the payment to finalize your request.
- Get Your POS Delivered
Once the payment is confirmed, you’ll be assigned a dedicated Relationship Manager. This manager will deliver your POS terminal within 48 hours, train you on how to use it, and be available for any questions you may have.
If you have any questions or need assistance, feel free to chat with us directly on WhatsApp. Our expert team is available 24/7 to help with anything you need. Click here to reach us instantly!
