Moniepoint pos ( Charges and commission)
Moniepoint POS is one of the most reliable POS to use to receive card payments, perform card transfers, and also to make fund transfers with low charges as low as 0.5% and 100 naira Cap for 20k and above. Moniepoint pos is also designed to meet merchant and agent needs for all their monetary transaction. and the best part is that you can open a business account with them with ease.
As a Moniepoint agent with a good transaction record, you can access the Moniepoint loan to boost the business and this can be done by contacting your Moniepoint aggregator
How much is Moniepoint daily target
The current daily target for Moniepoint pos is 20k daily Sundays excluded and this is only for withdrawal transactions. Failure to meet that target will cause restrictions for the agent.
How to apply for Moniepoint pos
To register as a Moniepoint agent, all that is required of you is to get in touch with a verified aggregator in your state. You can get connected to them by chatting with their customer service on Twitter.
How to update Moniepoint pos
Follow the steps below to update your app version on your terminal,
- Go to the home screen of the terminal
- Click on the “AppMarket” app
- Select Moniepoint POS
- Click on “Update”
- After downloading,
- Click confirm to install the update.
How much is Moniepoint POS machine in Nigeria?
Moniepoint doesn’t sell pos. They only lease it to agents who can meet the daily target of 20k and it is given to agents at an affordable of 21,500 Naira.T This includes a debit card and insurance
Moniepoint pos charges for withdrawal
. Moniepoint charge 0.5% for 1-19,999 and 100 Naira flat for 20k and above for withdrawal, while 100 Naira flat for all deposits and 20 Naira for Card Transfer
How to Cash out your cashback with atm Moniepoint portal
To cash out your cashback from your Moniepoint account which can only be done on the Moniepoint dashboard, you need to use the atm Moniepoint dashboard and click on cashback.
Disadvantage of Moniepoint
Moniepoint POS gives a daily Target of 25k, So before you think about collecting their POS machine, make sure you read the terms and conditions. if you fail to meet their daily target, the POS machine will be retrieved.
Moniepoint agents don’t get commissions for bill payments like payment of utility bills, cable subscriptions, or airtime recharge. you only make a profit when you charge the customer.
Transactions done on the Moniepoint agent app via your smartphone, cannot be printed on the terminal.
Moniepoint USSD code
With Moniepoint *5573# Ussd code, you can make any transaction without having an internet connection.
Features of Moniepoint POS
- Cash withdrawal
- Fund Transfer
- Instant Settlement
- Payment of Utility Bills
- Funding betting account
How to Unblock Moniepoint log in
Kindly log on to atm.moniepoint.com
Go to your agent’s profile
Under Reset Authorization PIN, input your Moniepoint online password
Input your desired pin for the POS
Confirm the new pin
OTP will be sent to your registered phone
Restart the terminal
Moniepoint login portal for your dashboard. http://atm.moniepoint.com