Best Pos Machine in Nigeria With the Best Commission Rate 2022
POS machines has be the fastest and easiest way to withdraw and transfer money, this is used instead of going to the bank to perform the transaction. Today, I’m going to share with you, Five of the best POS machine in Nigeria with high commission and profit.
When talking about the best POS service providers in Nigeria, here is what I’m going to discuss, you can click jump to the content you which to read.
What is a POS machine?
Before I go to the primary reasons for this article, let me quickly share with you about POS machines.
POS is also known as a point of sale, that is to say, point of sales machine is a mini hardware computer that accepts banks’ credit or debit card for cash transfer or withdrawal. With POS machine, you can also pay for bills like utility bills, Electricity bills.
POS terminals play a major role in the innovation of cashless banking objectives as they become a popular means of transacting payments.
POS is a new and valid way to start up a business in Nigeria and make money as a small business owner. There are lots of companies and banks that offer POS machine at cheap price and some offer it for free.
In this article, I am going to share with you, the best companies and banks that offer free and paid POS machines.
POS Machine Price List In Nigeria
Below are POS prices and requirements in Nigeria. Both companies have licenses to sell POS and banks. And both paid and free POS machines 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 | 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. |
5 Best Pos Machine in Nigeria With the Best Commission Rate 2022
UBA POS Machine
Uba is a large and popular commercial bank in Nigeria and Africa as well, they offer a point of sales machine at merchant locations to serve the customer better.
Who are the merchant’s UBA targets?
- Any established store where there is the trade of goods and services
- The merchant must have a permanent address of the business
- he must complete a KYC form and have an account for direct deposit by the assigned POS
Targeted Industries
- Store – Super Market, Pharmacy…..
- Refill Station – Gas station, Petroleum station……
What is the minimum size/requirement of merchant business to qualify for UBA POS?
At UBA, POS requirement is expensive. Therefore, POS is released to merchants that transact N1,000,000 per month or N35,000 per day.
Features of UBA POS
- Payment for purchase
- Balance Enquiry i.e you can check your account balance
- Accept all cards
- pay utility bills
- Merchant have full access to view transactions online
Advantages of UBA POS
Like I said earlier, POS makes transacting easy, with UBA POS, more sales are generated, and buyers spend more with cards. As a merchant with a high turnover of N1,000,000 per day, you can have multiple POS machines.
First Monie POS Machine
First monie sponsored by the First bank of Nigeria. They are the number one trusted commercial bank in Nigeria with a high volume of customers.
The first monie by the First bank of Nigeria offers free POS machine. this is one of the advantages of the first monie POS machine.
How to become a First monie Agent?
To become a First Monie Agent, you will have to follow this below requirements.
- Create an account with your first bank
- Download first monie app {Available Google play store and apple store}
- Do a minimum of ten[10] transactions per day, for two to three months.
Once all these processes have been Complited, you will be able to request for first monie POS machine.
Kudi POS Machine
Kudi is a financial service provider that focuses on providing an electronic banking experience to everyone. With Kudi, You can become an agent and make money by providing financial services to your communities easily. Kudi is a profitable mobile money agent in Nigeria and they are also the best way to make money as a small business owner.
How to become a Kudi agent in just 3 simple steps
Becoming Kudi agent is very simple and easy to use.
- Download Kudi App
- Create an account
- Fund your wallets and start transacting
What can I do on the Kudi POS machine
Kudi is a seamless payment option that focuses on easy transactions in Africa, With Kudi App, You can simply Transfer Money, Sell Airtime, Tv subscriptions, Pay Electricity bills, Withdraw and cash out, and data subscriptions. More features will be launched in the nearest future.
How to become a Kudi super agent | How to get the POS machine
You have to become a kudi agent first and own a sizeable and remarkable network of agents.
OPay POS Machine
OPay is a mobile money agent owned by opera mini, a Chinese company that also owned opera news. Opay is now known as one of the best mobile money apps in Nigeria.
How to become an Opay POS agent?
For you to become Opay agent, you will to download Opay app at google play store and register for agent account. After successful account creation, you will have to upgrade from KYC level one to agent level by providing the necessary documentation required.
So, after completing the upgrade, you can start to perform some transactions on your account. When the transaction reaches a bid of trust by the opay company, you will be allowed to apply for OPay POS machine. OPay charges rate for 2021 is low.
Moniepoint POS Machine
Moniepoint is one of the best mobile money agents with reliable, fast, and profitable free POS machine in Nigeria.
As a Monie point agent, you will be able to make money as a small business owner by providing banking services to customers.
Moniepoint enables you to provide services such as cash transfer, cash withdrawal, Airtime top up, and Pay bills. MoniePoint claim to have the best network in town and for that, the customer always chooses her agent as their favorites in their locations.
Flutterwave POS Machine
Flutterwave is one of the best POS agents in Nigeria with a high commission rate.
Flutterwave POS app is an Android POS machine that is used by agents to provide financial service to the community.
The POS accepts all bank cards in Nigeria, making it to be one of the best POS machines in Nigeria. And also making it to be a perfect solution for businesses and individuals willing to start accepting payment via POS.
As an agent, the flutter wave POS app is good for your business, it provides many offers and cash back on every transaction done on it.
Flutterwave POS is certified by the central bank of Nigeria(CBN), it can be connected to the office or home WiFi, or mobile phone hotspot for internet connection. You can also insert a sim card into it for an internet connection.
Conclusion :
Here, I have described the Best five (5) POS machines in Nigeria with good commission rates. These are the five POS terminals I love to use whenever I want to use a point of sale in any shop or supermarket.
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