Good day guys, today am going to share with you, four of the best POS machine in nigeria. With good commission rate.
Before I flow to the primary reason of this article, let me first share briefly about POS machine.
What is a POS Machine ?
POS is an abbreviation name of point of sale, point of sale machine is a hardware system that allow you to send and receive money, paying bills when you inserted your credit / debit cards in the machine.
There are a lot of companies, banks that offer point of sale(POS) machine at cheap rate or free of charge.
Also Read: How To Get Free POS Machine In nigeria 2021
In this article am going to share with you, the best company and bank that offer free and paid POS machine with good commission rate in nigeria.
Now in nigeria, POS business is a valid way to make money as a small business owner.
POS terminal is the most used in a community that has no banks or automated teller machine (ATM). It’s profitable in those community.
Don’t be confused, it doesn’t serve as bank employees (They called mobile money agent) but they offer bank services with the permission of bank and commission agreement.
What are the best POS machine in nigeria ?
Like I said earlier, I will list for you, four of the most best POS terminal with good commission rate in nigeria. And they are the top and best of POS provider in nigeria.
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OPay POS Machine.
OPay is now number one mobile money agent in nigeria [Tested]
OPay is the the abbreviation for Opera Pay. Is a company of Chinese that owned opera mini browser and opera news.
For you to get OPay POS machine, you have to register OPay agent Account. To do this, visit google play store to download the OPay app, and sign up.
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After you successful registered, click on account at the right corner of the home page.
You are going to see that you are on “know your customer” (KYC) level 1, scroll down and click upgrade to upgrade to agent level.
As an Opay agent, you will be able to help customer withdraw and transfer money and pay bills. Like:
- NEPA bills.
- DStv Subscription.
- GOtv Subscription.
- Betting Account deposit.
How Do I Get POS From Opay ?
Getting the OPay POS machine is not just easy as you think. If your OPay account is new, you won’t be able to apply for OPay POS machine.
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From my experience, you will have to executed a few transactions totaling a positive amount before you can apply for POS.
If you manipulate to finish a few transactions they required, possibilities are which you could have tested to the employer that you may be trusted and you can now apply there POS machine for free.
How Do I Get OPay POS Application Form ?
As a trusted agent using OPay app to complete the required transactions, You will now be able to fill OPay POS application form and publish.
Requirements are:
- BVN number.
- Utility bill (nepa bill).
- Well captured Passports.
- Valid identify card (ID card).
- Your First Name And Surname.
- Your Shop or company address.
Once you publish all the requirements, after crossing the threshold, you must be capable of get the free OPay POS machine easily and enjoy your transition. (Opay pos charges 2021 is low)
Monie Point POS Machine.
Monie point is the most reliable, fast and profitable mobile money platform in nigeria.
As a Monie point agent, you will be able to make money by provide banking services to customers.
For more information about moniepoint, read Moniepoint Reviews: All What You Should Know First.
The Monie point will allow you to provide services like:
- Data top up.
- Airtime top up.
- Money transfer.
- Cash withdrawal.
- All Bills payment.
Monie point offers there agent two types of transactions channel.
- POS.
- SmartPOS.
This approach you’ve got the selection to pick the transaction channel you like and start your POS business.
First monie POS Machine.
First monie own by first bank of nigeria. They are number one trusted bank in nigeria, with high customer.
To become first monie agent and get free POS machine, you have to follow this following requirements.
- Open First bank account.
- Downloadfirst monie app (Available on Google play store).
- Do minimum of ten transaction per day (For two to three months).
Also Read: How To Grow Your business massively and earn more income.
Once you complete this requirement you will be able to get free POS machine from first bank of nigeria.
Kudi POS Machine.
Kudi is an accessable, affordable and profitable mobile money agent in nigeria and they are the best way to earn more income in nigeria as a small business owner.
Kudi was founded in the year 2017 by Pelumi Aboluwarin and Yinka Adewale.
Kudi company offer point of sale terminal (POS). To get yours, Download the Kudi App (Available On Google Playstore) and follow this requirement:
Create an Account with your:
- Name.
- Phone Number.
- Business Name.
And other required details in the registration page.
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Make sure you use a valid Phone Number (why?).
Because the phone number you used to register will becomes your Kudi wallet account number (Just like OPay).
Which will gives you access to log in to your Kudi wallet account.
Like I said earlier, kudi offer free POS machine, but you need to do a few transactions on with their mobile app.
You can now request for a POS from the APP after updating it.
Conclusion:
Here are the best POS machine in nigeria with good Commission rate.
This are the four POS terminal am using in my office. And am enjoying there commission rate. Especially OPay POS. That is why I recommend them for you guys.
Recommended Article: Kudi: The Most Affordable Financial Service In Nigeria.
If you have any questions regarding this article, kindly drop your comment and I promised to give an answer to it as soon as i see the comment.
Thanks for reading. If you find this article helpful please share with your friends and family.
How can one carry out a pos business without the pos machine, how would one get transactions printed for customers if he’s to do some transactions daily for a period of time before receiving pos machine from pos company
Good day sir..i was told i have to register for POS which will take 3-4months before registration is completed..true? And how much is kudi POS machine..and is the charges ok? Thanks alot
Kudi charges is okay. It is Moniepoint alternative. And you can register Within 30 minutes.
I have the Opay app already which I’m using, how do I get the pos and how much
Go to manu, and click Chat with support team. Message them and go straight to the point.
Pls answer me boss
Chat with OPay teams from the app. And request for the terminal.
What’s about first dollar his not Good to use ???(
How long will you do the 120k transaction before you quality for the free POS?
Two weeks sir.
Please, can you guide me as I just purchased a POS, I wanted to configure it, how do I go about it
Kindly Contact us and go straight to the point.
Does Opay has a minimum monthly or daily limit transactions limit ? Because the person that gives me a POS machine from Opay happens to be an agent and he too told me that there’s a 2million naira minimum transactions that needs to be completed . Please tell me also if it is advisable to start this business using another persons agent account
Opay don’t have minimum transaction monthly or weekly. But you terminal must be active to avoid disactivetion.
And is not advice able to use another agent terminal. Because all the benefits goes to the owner.
HELLO , SOMEONE IS WILLING TOO GIVE ME IS OPAY POS TO START WITH AS I AM NEW IN THIS. PLS IS THIS ADVISABLE ? SECONDLY HE TOLD ME I WILL NEED TO DO A MINIMUM TRANSACTION OF 2M NAIRA MONTHLY OR THE POS WILL BE RETRIEVED .pls i need to know daily / monthly transaction if this true
Good day.. pls where do I get Opay or Moniepoint POS?
And which is the Best?
And if I get, what does it require of me to be able to start immediately? God bless you as you attend to my questions.
Opay and Moniepoint are the best. but moniepoint is new and they provide other services that OPay don’t offer.
To buy a opay pos machine please it cost how much
OPay POS machine is 25 to 30k.
Have be trying to register on the opay agent app but all they’re replying is error u.u.uu , please how do i do it successfully
Install OPay app (not OPay agent app), upgrade your KYC level to agent and Open OPay agent app to login.
Kudi has taken my money #20000 for pos and 50000 for deposit is this normal, because the is no there in my account any more
Complain to head office through the contact info listed.
What can you say about peoples complain that moniepoint hang users fund and not allowed it to reflect in their wallet, especially when the money is above #20000 or thereabout?
Hi Adesegun Solomon Adetutu, this issue can only occurs when there is a bad network, and you will get your money back once you complain to moniepoint technical support team.
Since August 2020, I only experience this issue once. And it was refunded within 24 hours. When ever you had any issue, make sure you contact moniepoint before taking any action.
Which POS provider is the best between Opay and moniepoint.
Good question! Both Opay and Moniepoint are best because am using them in my office.
The thing is that moniepoint is fast and new. While Opay is old with a lot of customer. I hope you get my point?
Please need your respond on this asap, some told me that as a beginner that i can buy opey pos machine to start my own pos biz. Please need ur reply asap
Yes oba. You can buy it and start your POS Business immediately. And you can start using Opay app to do your transaction before you get your POS terminal.
Note: you must upgrade your KYC level to agent level. To benefit from agent services. If you still have another question, feel free to ask.
The money is not there in my account I mean
I wanted to start POS business, which one will you advice that i start with.
Meanyle, can’t i just purchase one POS machine for myself and register it for business.
Start with moniepoint or OPay. They provide high quality service with low fee. You can read moniepoint review, it should guide you on how to get moniepoint POS machine and know more about their services.
Do Opay pay an agent for running with their platform?
Or is it only the money gotten from customers that the agent gain?
Opay will not pay you for transfer money to banks. The money you collect from your customer is your commission. That’s why they charge low fee for transfer.
But if you do TV subscription (e.g Starting, GOtv, DStv), or pay bills and purchase airtime or mobile data. They will give you a discount. Apart from the charges you will charge your customer.
I hope I answered your question, if you have any other questions feel free to ask.
for a business that is just starting up which pos do you recommend?
Hi dalex, Opay POS machine is good for beginners.
I heard opay will only give to business which already started doing transaction. this means beginners will not get the pos. Am I right?
Not really. If you just started, you just need to do a few transaction (120k daily. Both deposit and transfer) with their mobile app before you can get the POS machine.