List Of Best POS Machine In Nigeria Right Now[2022 Review And Rated]

POS Machine

Good day guys, today am going to share with you, list of the best POS machine in nigeria. With good commission rate and price.

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.

Best POS machine in nigeria

There are a lot of companies, banks that offer point of sale(POS) machine at cheap rate or free of charge.

In this article am going to share with you, the best company and bank that offer free, paid and cheapest charges 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, the both free, paid and cheapest charges POS terminal with good commission rate in nigeria. And they are the top and best of POS provider in nigeria

Here are the best POS with the best network in nigeria  this year 2022👇

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.

Cash App Account

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.

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).

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And This: Fake Bank Alert: Here Is How To Prevent Fake Bank Alert And How It Does In 2021

Monie Point POS Machine.

Monie point is the most reliable, fast and profitable mobile money platform in nigeria.

Moniepoint POS Machine

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.

  1. POS.
  2. 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.

  1. Open First bank account.
  2. Downloadfirst monie app (Available on Google play store).
  3. Do minimum of ten transaction per day (For two to three months).

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:

  1. Name.
  2. Phone Number.
  3. 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.

There are some banks, that you can get POS from. This banks are the best bank to get POS machine in nigeria.

But, their are some things you have to do, to get a POS from a bank. ?

Before concluding this article, I will share the requirements to get a POS from bank, including with first bank, access bank, Polaris bank, UBA and others.

You may also like to read this: Here Is Minimum Amount To Start A POS Business Right Now In 2021

Requirements To Get POS Machine From Banks.

Here is the most common requirements by Banks, before they can give you their POS machine.

  1. Legitimate ID card ( either: voter’s card, Nationw ID card, Worldwide passport, and driver’s license)
  2. 2 to 4 passport {photograph}
  3. Latest utility bill (either: Nepa invoice, waste administration receipt, water invoice or every other legitimate invoice that exhibits your tackle)
  4. Present account together with your bank.

Cheapest Business To Start In Nigeria Right Now

Here is another necessities you have to provide, before you can get POS from banks in nigeria.

  1. 2 guarantors (which have current account with any the bank in Nigeria)
  2. A bodily tackle for your business.

How To Get POS From Banks In Nigeria?

Before you can get a POS from any banks in Nigeria, you have to stroll into any best bank listed above.

Then ask for an Account officer or Operations, supervisor, and ask that you need a POS machine from them.

Best Bank To Get POS Machine In Nigeria

One of the best bank POS is first moni POS which I have been listed above. Follow by zenith bank POS and access bank POS.

Although every bank has its personal drawback, however these are one of the best for bankPOS which I have experience with .

If you can’t wait or provide this requirements by Banks, they go and get a POS from MMOs like Opay, Moniepoint, Kudi, baxibox and others.

These companiesare extra dependable than bank POS in nigeria.

POS Machine Price List In Nigeria

Below is POS prices and requirements in Nigeria. Both company that license to sell POS and banks. And both paid and free POS machine in nigeria.

S/N POS NAME PRICE (N) Requirement
1 Opay mini 8,500 naira Any Valid ID card, Nepa bill and passport.
2 Opay traditional 35,000 naira 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 Bankly POS FREE Any Valid ID card, Nepa bill and passport.
11 Paycentre 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 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 Closa (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.

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List of agent POS charges in nigeria.

Here is the most common agent POS charges in nigeria. POS service charge depends on your locations and terminal ( or let say your POS company).

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

Conclusion:

Here are the best POS machine in nigeria with good Commission rate.

This are the list of best POS terminal that you can get and use in your office. And you will be enjoying there commission rate.

Conclusion

Especially OPay POS an moniepoint. That’s what am using too. That is why I recommend them for you guys.

Recommended Article: Kudi: The Most Affordable Financial Service In Nigeria.

And Baxibox POS 2021 Review: Here is Everything You Need To Know Right Now

If you have any questions regarding this article ” List Of Best POS machine in nigeria and their price ” , just make sure you drop your comment through the comment section below.

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