With the increasing trend towards cashless transactions, it’s becoming more and more important to have a reliable and secure Point of Sale (POS) system in place.
That’s where Moniepoint comes in. Moniepoint is a popular Nigerian mobile money platform that offers businesses an easy and convenient way to accept digital payments.
In this article, we’ll show you how to get Moniepoint POS, what you need to do, and the benefits of using it for your business. Let’s get to it!
Requirements for getting Moniepoint POS
Anyone who wish to get a Moniepoint POS must meet the following requirements:
- You must be over 18 years of age.
- You’ll need to provide Business registration documents. This is a proof that your business is registered with the relevant government authorities. It includes a business name registration certificate, incorporation certificate, or any other document that shows your business is legal and legitimate.
- Proof of business ownership: This could be a copy of your ID card, passport, or any other identification document that proves your identity.
- Bank account details: Moniepoint will need your business bank account details to be able to deposit your funds from transactions. Make sure you have a valid and active bank account that is registered under your business name.
- Identification documents: This is usually a valid ID card or passport.
- Business location: This could be your office, shop, or any other location where your business operates. This is needed for the Moniepoint POS registration.
Once you have all these requirements in place, you’re ready to move on to the next step of getting Moniepoint POS.
Steps to get Moniepoint POS
After ensuring that you’ve meet all the necessary requirements, follow the steps below to get the Moniepoint POS.
1. Visit the Moniepoint website or contact their customer care
You can contact their customer care team via phone, email, or live chat to get more information and start the registration process.
2. Fill the Moniepoint POS registration form
Once you’ve made contact with Moniepoint, you’ll be asked to fill out a registration form with your business and personal information. Ensure to provide accurate and updated information to avoid any delays in the approval process.
3. Submit the required documents
Along with the registration form, you’ll need to submit the necessary documents such as your business registration documents, identification documents, bank account details, and proof of ownership. You can submit these documents online or at the Moniepoint office nearest to you.
4. Wait for approval and installation of the POS
After submitting your registration form and documents, you’ll need to wait for Moniepoint to review and approve your application. This process usually takes a few days. Once your application is approved, a Moniepoint representative will contact you to schedule an installation date for your POS device.
That’s it! Once your Moniepoint POS device is installed, you’ll be able to start accepting digital payments from your customers.
3 Rules to know before getting a Moniepoint POS
- Even though you paid for the Moniepoint POS, you do not own it. Moniepoint leases the POS, so you don’t have to spend much money on a terminal for your business.
- Moniepoint is concerned with the expansion of your company. As a result, we encourage you to process at least N80,000 in transactions per day. If your POS fails to meet this goal, it is considered underperforming and may be reassigned.
- The benefits of properly handling a Moniepoint POS are numerous. If a Moniepoint is still in good condition when retrieved, we will give you N10,000.
Moniepoint POS Charges and Commission Structure
- For withdrawals ranging from N1 to N20,000, Moniepoint charges a flat rate of 0.5% of the transaction amount.
- For transactions exceeding N20,000, they charge a flat rate of N100.
- Transfers are charged at a flat rate of N20.
- Moniepoint offers up to #20 in BOs cashback on withdrawals and #5 on transfers.
- They charge 2% for airtime across all networks.
- There is no charges on bill payments.
Getting a Moniepoint POS device can be a great way to simplify your payment processes, attract more customers, and increase revenue for your business.
With its fast, secure, and convenient payment options, Moniepoint POS offers a seamless payment experience that can help you reduce cash handling risks, access additional services, and monitor your transactions in real-time.
By following the steps outlined in this article and taking advantage of the benefits of using Moniepoint POS, you can take your business to the next level and stay ahead of the competition in the ever-evolving digital payment landscape.