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Cheapest POS Machine In Nigeria Right Now In 2022

Cheapest POS Machine In Nigeria Right Now In 2022

Hey guys, in this article am going to share with you, the Cheapest POS Machine in Nigeria.

[the POS Machine that has the lowest charges in Nigeria].

Let’s dive in without wasting much of our time.

The Cheapest POS Machines in Nigeria: Now In Nigeria, there are many points of sale (POS) agencies that offer the best service. Including cheap POS charges.

Cheapest POS Machines

These POS agencies are providing the same services and they are the best. they also have other special services for their agent, that they only operate.

If you are new to POS business, kindly read my article on POS Business: Complete 2021 Guides To Get Start In Nigeria

So For this reason, many people have been trying to compare these POS machines to know the best and the Cheapest POS Machines in Nigeria.

So If you are among, you have no worries. Because am going to list for you, the Cheapest POS Machines in Nigeria in this article. Keep reading.

List Of Cheapest POS Machines In Nigeria Right Now.

Which POS has the lowest charges in Nigeria? The POS that has the lowest charges in Nigeria are listed below:

1. Bankly POS charges

0.3% on POS withdrawals and a flat rate of N35 on all transfers. You can also request to buy a POS outrightly.

You may like to read: How To Get Bankly POS Machine In 2021

2. Moniepoint POS charges

0.5% of the transaction amount. For transactions above 20,000 naira and charges a flat rate of N20 for transfers.

You may like to read: How To Get Moniepoint POS Machine Easily

3. Kolomoni POS charges

0.5% for withdrawal from N1000 – N19, 900, N30 for transfer, and N100 for transfer of N2000 and above.

4. Opay POS charges

0.6% for withdrawal transactions below N20,000 and N120 flat fee from N20,000 above.

5. Kudi POS charges

100 – 4,500 (N25) 4,501 – 25,000 (0.6%) 25,001 and charge N150 flat fee from above 500,000 nairas.

You may like to read:Kudi: The Most Affordable Financial Service In 2021

6. GTBank POS charges.

Gtbank also offer cheapest POS machine in Nigeria. They charge A fee of 0.75% for the POS services, which include routine free maintenance of the units.

Here are the cheapest POS machine in Nigeria. From 0.3% to 0.75 charges.

POS Machine Price List In Nigeria

Below are cheapest POS machine prices and requirements in Nigeria. Both companies that licenses to sell POS and banks. Either paid or free POS machiness in Nigeria.

S/N POS NAME PRICE (N) Requirement
1 Opay mini 8,500 nairass Any Valid ID card, Nepa bill,, and passport.
2 Opay traditional 35,000 nairas Any Valid ID card, Nepa bill,, and passport.
3 Opay Android/Smart 50,000 naira Any Valid ID card, Nepa bill,, and passport.
4 Moniepoint POS 10,000 Naira Any Valid ID card, Nepa bill, and passport.
5 kudi POS 20,000 Naira Any Valid ID card, NIN,  Nepa bill, and passport.
6 Palmpay 20,000 Naira Any Valid ID card, Nepa bill, and passport.
7 Baxi mpos 10,000 Naira Valid ID card, Nepa bill, and passport.
8 Baxi android 30,000 Naira Any Valid ID card, Nepa bill, and passport.
9 Flutterwave 10,000 Naira Valid ID card, Nepa bill, and passport.
10 Bank POS FREE Any Valid ID card, Nepa bill, and passport.
11 Playcentre 14,000 naira Valid ID card, Nepa bill, and passport.
12 Surebanka 10,000 Naira Any Valid ID card, Nepa bill, and passport.
13 Accelerex POS 10,000 Naira Any Valid ID card, Nepa bill, and passport.
14 NowNow Any Valid ID card, Nepa bill, and passport.
15 Firstmonie POS (By the First bank) FREE Any Valid ID card, Nepa bill, and passport.
16 Surepadi POS (By Polaris bank) FREE Valid ID card, Nepa bill,, and passport, plus a current account with the bank.
17 Zenith Bank POS FREE Any Valid ID card, Nepa bill,, and passport, plus a current account with the bank.
18 Access Close (By Access bank) FREE Any Valid ID card, Nepa bill,, and passport, plus a current account with the bank.
19 UBA POS FREE Any Valid ID card, Nepa bill,, and passport, plus a current account with the bank.
20 Union Bank POS FREE Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
21 Heritage Bank POS FREE Any Valid ID card, Nepa bill,, and passport, plus a current account with the bank.
22 Stanbic Bank POS FREE Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
23 GTBank POS FREE Any Valid ID card, Nepa bill, and passport, plus a current account with the bank.
24 Itex POS Any Valid ID card, Nepa bill, and passport
25 ECOSA POS 25,000 naura ANy Valid ID card, Nepa bill, and passport
26 Wema Bank POS FREE Any Valid ID card, Nepa bill,, and passport, plus a current account with the bank.

You may like to read: How To Get GTB POS Machine In 2021

POS Charges Right Now.

Since you have know how to get Cheapest POS Machine in Nigeria, you should know how much you will charge your customer.

So here are the most common agent POS charges in Nigeria. POS service charge depends on your location and terminal ( or let’s’s say your POS company).

Amount Charges
If customer doeseses 1,000 To 5,000 transaction. You can charge 100naira to
150 naira. Or
20naira per thousand depends on your terminal
If customers do 6,000 to 9,000 transactions You can charge 150naira to
200naira. Or
20naira per thousand
If customerss do 10,000 to 15,000 transactions You can charge 200naira to
300naira. Or
20naira per thousand
If customers do 16,000 to 20,000 transactions  You can charge 250naira to
400naira. Or
20naira per thousand

Conclusion.

Thanks for reading my “Cheapest POS Machine in Nigeria” review. I will be updating this article Everytime I found another cheapest POS machine.

So If you have any questions regarding the Cheapest POS Machines in Nigeria, feel free to drop your comment through the comment section below.

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And don’t forget to share this article with your friends and family on social media networks. Thanks for reading my tutorial.


Ibrahim Musa

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