Moniepoint POS Machine

How to Get Moniepoint POS machine and Become an Agent

Last Updated on December 8, 2023 by admin

How to get Moniepoint POS Machine for your business also how to become MoniePoint POS Agent – You will understand the process and steps to apply and get  Moniepoint POS Machine and also how to open Moniepoint Business Account to enable you become an agent  from your home, office any any location all you need is your smart phone or  computer and internet .

If you are planning to start a POS Business here in Nigeria, consider using Moniepoint POS Machine because charges are at flat rate 0.5% of the transaction amount for withdrawals between N1 to N20,000 and There is no charge placed on bill payments.

As the  fastest-growing and most reliable mobile money platform in Nigeria, it is designed to be an all-in-one business solution that provides last-mile banking service such as cash transfers and withdrawals, Airtime purchases, and more financial service .

Moniepoint POS terminals are equipped with advanced security features, such as encrypted payment processing and the ability to flag suspicious transactions. This can provide peace of mind for both your business and your customers.

It gives customers the ability to pay with their cards or make a transfer in the event they don’t have enough cash. That is while  business owners want to become agents, as well as businesses want to get paid easily.


Reasons why you should use moniepoint POS


  • Secure payments that protect you and your customers
  • Easy-to-use operating system
  • Instant dispute resolution whenever you need it
  • Compatible with all cards
  • Long-lasting battery
  • Accepts card and transfer payments
  • Your POS terminal is compatible with all cards.


Requirement for a Moniepoint POS Machine

Before you can get Moniepoint POS Machine you need to Moniepoint business account to accept both transfers and card payments for your business easily and without stress


Requirements to open a business account on Moniepoint

  • Before you can open moniepoint  Business Account you must have A functional phone number
  • An email address you can easily access
  • Your BVN
  • A valid Government ID, e.g. International Passport, Driver’s License, and Permanent Voter’s Card. National Identification Number (NIN), Residence/Work Permit (For Foreigners)
  • A utility bill to verify your address


How to Open  Moniepoint business account

You can open a Moniepoint business account online and become POS  Agent in just a few simple steps.

  1. Visit Moniepoint Online platform to access the account opening form.
  2. Input your email address and phone number and click “Next.”
  3. You’ll receive an OTP in a few seconds. Type it in to verify your phone number.
  4. Input your BVN and date of birth.
  5. Create a username. This is the name your customers would see, so remember to choose something memorable.
  6. Select a password for your business. Remember not to use any personal information like your name or birthday.
  7. Provide your BVN and KYC details and start face & ID verification.
  8. Finally, choose a transaction PIN with any four numbers of your choice. And just like that, you have a Moniepoint Business account that gives you the power to accept payments, request loans, and so much more from anywhere in Nigeria.


How to get Moniepoint POS Machine for your business

1.To get start with application for Moniepoint POS Machine kindly, login to your business account and select the business you want a POS terminal for.
2. On your chosen business’s dashboard, click the POS menu under “Channels”
3. Click on the POS menu and then click on Request New POS.
4.The Moniepoint terminal costs N21,500. N10,000 is the caution fee, N10,000 is the logistics fee, and N1500 is the insurance fee for a whole year.
5.Click on the MP35P to move on to the next step.

6.Fill in the address where you would like your Moniepoint POS delivered.
7.Once done, fund your Business Account with a minimum of ₦21,500 for the POS Terminal and complete the request by making a payment.
8.You will be instantly assigned a dedicated Relationship Manager from Moniepoint. The Relationship Manager will deliver the POS terminal to you within 48 hours, train you on how to use the terminal and answer any questions you may have.

Please note: After you make a request, you can get the Moniepoint POS terminal within 48hrs and to get the Moniepoint POS, you pay N21,500.


Moniepoint POS Charges and Commission Structure

  • Moniepoint charges a flat rate 0.5% of the transaction amount for withdrawals between N1 to N20,000
  • They charge a flat rate of N100 for transactions above N20,000
  • They charge a flat rate of N20 for transfers
  • Moniepoint gives a BOs cashback of up to #20 on withdrawals and #5 on transfers.
  • For airtime, they charge 2% for all networks.
  • There is no charge placed on bill payments.
Meet Ogbeide Frank, popularly known as perere, a blogger who loves writing about finance and Tech. He studied Business administration at the Ambrose Alli University Ekpoma and Mobile Communication at Orange College Malaysia .Frank have worked as a banker and consultant in variety of Nigeria agencies

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