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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5 Black Friday Strategies
Creative Black Friday Ideas for Small Businesses in 2024
Black Friday has become a global shopping phenomenon, with consumers spending a staggering $211.7 billion during the season in 2022. For small businesses, this is more than just a sales event—it’s a chance to capture the attention of new customers and build loyalty.
But success on Black Friday isn’t automatic. It takes more than discounts and promos to make an impact. A fast, reliable payment system and thoughtful marketing strategies are key to standing out in the crowd.
Here are five innovative ways to make Black Friday 2024 a profitable event for your business. But first, let’s touch on the history behind this shopping extravaganza.
Where Did Black Friday and Cyber Monday Begin?
The origins of Black Friday are steeped in various stories. One of the most popular explanations ties the term “black” to financial ledgers: retailers would go from losses (red ink) to profits (black ink) after Thanksgiving.
Another historical perspective traces Black Friday back to the 1950s in Philadelphia, where the day after Thanksgiving caused significant traffic congestion as shoppers flooded the city for the Army-Navy football game.
In the modern retail landscape, Black Friday refers to the Friday following Thanksgiving (November 29 in 2024), kicking off a weekend of deals that culminate in Cyber Monday, a day dedicated to online shopping.
5 Black Friday Strategies to Try This Year
1. Spark Engagement with a Contest
Contests are a fantastic way to connect with your audience while promoting your brand. You could create a simple social media challenge—ask customers to share creative ways they would use a product from your store.
Encourage participants to tag friends and engage with your page. Offer a free product or service as a prize. Not only does this build excitement, but it also drives traffic and boosts your online presence.
2. Introduce Limited-Time Deals
Time-limited offers play on the natural fear of missing out (FOMO), making them highly effective. Here’s how you can use time-based promotions to your advantage:
- Exclusive early bird discounts: Reward early shoppers with special deals to create buzz.
- Hourly sales: Keep customers coming back by introducing new discounts at different hours.
- Daily countdowns: Build momentum by offering unique deals in the days leading up to Black Friday.
- Last-minute steals: Tempt late shoppers with final offers as the clock winds down.
Use social media, email, and website banners to promote these deals with a sense of urgency.
3. Maximize Impact with Email Marketing
Email marketing is a powerful tool for Black Friday promotions. Send targeted campaigns to your subscribers featuring your best deals, gift ideas, and exclusive discounts.
Keep your emails visually appealing and include clear calls-to-action, directing recipients to shop with just a click.
4. Give Shoppers a Little Extra
Adding a freebie to each purchase is a simple yet effective way to encourage buying. Options like surprise gifts, sample products, or small complimentary items can create memorable shopping experiences.
You could also let customers choose their gift from a curated selection to make the incentive feel more personal.
5. Make Checkout Hassle-Free
A surge in Black Friday transactions can put strain on payment systems, leading to delays and frustrated customers. Offering fast, secure payment options is critical to ensuring a seamless shopping experience.
Consider tools like point-of-sale (POS) systems and reliable online payment solutions. By streamlining the checkout process, you’ll stand out from competitors who might struggle with transaction bottlenecks.
Wrapping Up
For small businesses, Black Friday is a chance to get creative and connect with customers in meaningful ways. Whether it’s through interactive contests, limited-time offers, or thoughtful customer incentives, the key is to experiment and find what resonates most with your audience.
And don’t forget—having a reliable payment solution in place can make all the difference during this busy shopping season.
Start preparing now to make Black Friday 2024 a standout event for your business!
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CAC Registration
The Big Oxmox advised her not to do so, because there were thousands of bad Commas, wild Question.
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Smart Ways to Detty December
Enjoy December Without Draining Your Wallet
Hey there! 🎄 The festive season is here again, and we can almost hear that iconic Christmas jingle playing in your head. 😄
December is the perfect time to let loose, relax, and shake off the stress of the year. Maybe you’ve already planned your December groove—parties, trying that new fancy spot, shopping, binge-watching the latest hype-worthy series, heading home to see family, or even prepping for the return of your IJGB crew. If not, you’re probably mulling over a few ideas, even as the cost of living gives you side-eye.
But hey, you can still enjoy the season to the fullest without completely blowing your budget. Imagine this: you’re enjoying quality time with loved ones, feeling good about the vibes, only to find out your payment method isn’t cooperating. Yikes, right? Nobody needs that kind of buzzkill in December.
The good news? You don’t have to compromise on fun or savings.
Here’s How You Can Enjoy December Without Breaking the Bank
With a Moniepoint Verve card, you can indulge in everything the season has to offer—food, shopping, entertainment, and more—while getting rewarded with a 10% discount or cashback on select purchases every Thursday through Sunday.
Here’s the scoop:
- Food: Get discounts on Chowdeck, Sweet Sensation, and The Place.
- Groceries: Save while shopping at Addide stores and Market Square.
- Fuel: Enjoy perks at NNPC stations nationwide.
- Utilities: Save on electricity bills through BuyPower.ng.
These offers run until December 31, 2024, so you’ve got plenty of time to make the most of them.
Staying In? No Problem!
You don’t have to step out to make the season special. Use your Moniepoint Verve card for streaming on platforms like Netflix, Showmax, Spotify, and YouTube. Cook up a storm with new Christmas recipes, jam to your favorite tunes, or stock up on essentials—all while enjoying great discounts.
How to Get Your Moniepoint Verve Card
If you don’t already have one, here’s how to get started:
- Download the Moniepoint personal banking app from the Google Play Store or App Store.
- Open the app, click on ‘Cards’, and follow the simple steps.
- Sit back, and your card will be delivered to your doorstep within 48 hours.
Already have a Moniepoint Verve card? You’re all set to enjoy the festive season! Use it for your online or in-person purchases at any of the listed platforms to snag your discounts and cashback.
Go ahead and enjoy your December the smart way—with good vibes, great deals, and your finances intact.
Happy Holidays! 😊
