Moniepoint pos (Withdrawal charges and Price Review )
Moniepoint is a microfinance bank that also offers point-of-sales services (POS) to improve financial transactions in rural and urban areas with less banking service. As a moniepoint agent, you can make financial transactions for customers without them visiting the bank, such transaction includes cash withdrawal and deposit, airtime recharge and also payment of utility bill. As a certified moniepoint agent, you enjoy low service charges for service rendered and also a smooth network for all transactions. All this can be done through the moniepoint pos machine which comes in two variants, android and analog both perform the same function and are also given out at the same price of 21500 Naira
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Moniepoint Agent pos Registration Process
Before you can be unboarded as an agent, you will need to have the following document which is the requirement to be unboarded as an agent. All the processes will be done by a Monipoint aggregator, who will also be the one to check your transaction performance as they are target-based pos machines.
- Identification card
- Bvn
- Bank account
- Passport
- Nepa Bill
Features of Moniepoint Pos.
- Card transfer
- Cash Withdrawal
- Bill payment
- Checking of the account balance
- Transfer
To get the Moniepoint POS you simply need to follow these
You can be issued an MP pos within 24hrs if you have all your documentation ready. Once the registration has been completed and your profile has been linked to a pos, you can start to transact with it. all these are done by the aggregator,. So to get the moniepoint terminal you need to get in contact with an aggregator.
How Much is Moniepoint POS Machine – Moniepoint POS Price
It only costs 21500 Naira which will b funded to your account and 10k refundable if the pos is returned in good condition within a year, it can also be retrieved from an agent that doesn't meet the daily target.
Moniepoint POS Charges – Transaction and Withdrawal Charges
| Mega Star | Super Star | Shooting Star | Rising Star |
| Those whose transaction volume exceeds 500k daily, with over 40 transaction counts) Pricing – 0.40%, N80 cap for withdrawals. Breakdown👇🏽 1k – N4 2k – N8 3k – N12 4k – N16 5k – N20 6k – N24 7k – N28 8k – N32 9k – N36 10k – N40 11k – N44 12k – N48 13k – N52 14k – N56 15k -N60 16k – N64 17k – N68 18k – N72 19k – N76 20k – N80 Deposit – N15 for any amount | Those whose transaction volume exceeds 350k daily, with over 28 transaction counts) Pricing – 0.42%, cap N84 for withdrawals. Breakdown👇🏽 1k – N4.2 2k – N8.4 3k – N12.6 4k – N16.8 5k – N21 6k – N25.5 7k – N29.4 8k – N33.6 9k – N37.8 10k – N42 11k – N46.2 12k – N50.4 13k – N54.6 14k – N58.8 15k -N63 16k – N67.2 17k – N71.4 18k – N75.6 19k – N79.8 20k – N84 Deposit – N18 for any amount | Those whose transaction volume exceeds 120k daily, with over 16 transaction counts) Pricing – 0.45%, cap N90 for withdrawals. Breakdown👇🏽 1k – N4.5 2k – N9 3k – N13.5 4k – N18 5k – N22 6k – N27 7k – N31 8k – N36 9k – N40 10k – N45 11k – N49.5 12k – N54 13k – N58 14k – N63 15k -N67 16k – N72 17k – N76 18k – N81 19k – N85.5 20k – N90 Deposit – N18 for any amount | (those whose transaction volume exceeds 40k daily, with over 5 transaction counts) Pricing – 0.5%, cap 100 1k = 5 naira 2k = 10 naira 3k = 15 naira 4k = 20 naira 5k = 25 naira 6k = 30 naira 7k = 35 naira 8k = 40 naira 9k = 45 naira 10k = 50 naira 11k = 55 naira 12k = 60 naira 13k = 65 naira 14k = 70 naira 15k = 75 naira 16k = 80 naira 17k = 85 naira 18k = 90 naira 19k = 95 naira 20k = 100 naira 20k to infinity = 100 naira. The deposit is N20 for any amount |
Moniepoint Pos Target?
As an agent, you are required to meet a daily target of 25k on withdrawal which is 150k in total for a week, Sundays not included. failure to meet the target will lead to the restriction of your moniepoint account
Does Moniepoint have an App?
Indeed Moniepoint has an application accessible on Google Playstore and Apple App Store
How would I synchronize my Moniepoint wallet?
- Go to Service on moniepoint pos
- Click on it
- Scroll to Synchronize
- Click on it and wait for it to complete the process
Does moniepoint give monthly commission?
How much is Moniepoint pos machine in Nigeria
MP pos are not for sale but are given to a moniepoint agent on lease with a 21,500 caution fee of which 10k is refundable before one year.
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