Moniepoint POS Registration: Apply

Just like other fintech companies, Moniepoint gives POS terminals to their customers who need them for their businesses. The POS machine can be used to carry out different kinds of financial transactions, such as fund transfers, cable subscriptions, data top-ups, cash withdrawals, etc.

However, registering to become a Moniepoint POS agent is quite simple since you can register online without necessarily visiting their office. Meanwhile, to get a Moniepoint POS machine, you’ll be required to pay a certain amount of money for logistics and a caution fee. It is also important to note that Moniepoint can withdraw their POS terminal at any time if you go against their terms and conditions.

Documents Required to Get a Moniepoint POS Machine

Moniepoint POS Registration

To register for a Moniepoint POS machine, there are certain documents and requirements that must be handy for a successful registration. The requirements are outlined below:

  1. Valid means of identification such as Voter’s card, National ID card, International passport, etc.
  2. A functional account number
  3. Utility bill receipts such as NEPA bill, water bill receipts, etc.
  4. Bank Verification Number (BVN)
  5. CAC certificates (for registered businesses only)

How to Get Moniepoint POS Machine

Getting a Moniepoint POS machine is simple and straightforward. Follow the steps below to get yours:

1. Create a Business Account with Moniepoint and Sign in

To get started, login to the Moniepoint official website and provide the needed information to open a business account. 

After creating a Moniepoint business account, you will then need to sign in to your dashboard and tap on the POS menu to proceed.

2. Request a new Moniepoint POS Machine

Now, you will need to tap on the ‘’Add a new POS button’’ to request it. Kindly follow the onscreen instructions carefully.

3. Add Money to Your Moniepoint Business Account And Pay for the Terminal

Add a minimum of ₦21,500 to your business account, which will be used to pay for the POS terminal to complete your request for the POS machine.

N/B:

The ₦21,500 that you will pay is broken down below:

  • ₦10,000 is for caution fee
  • ₦10,000  for logistics
  • ₦1,500 is a one-year insurance fee.

4. Get your POS Terminal Within two days

Once you’re done requesting the terminal and paying the necessary fees, you will be linked up to a Moniepoint relationship manager who will get in touch with you and deliver your POS machine to you within two days. The person will also help guide you on how to use the terminal.

Moniepoint Agent Registration Form

To become a Moniepoint agent, all you need to do is login to the Moniepoint official website, fill out the necessary form, and pay the required fee of ₦21,500. Once you do that correctly, a Moniepoint relationship manager will deliver the POS terminal to you.

Alternatively, you can also visit the Moniepoint office nearest to you to fill out the Moniepoint agent registration form.

Moniepoint POS Charges and Commission 

Moniepoint charges different commissions for various transactions done with the terminal. The Moniepoint POS charges are enumerated below:

  1. 0.5% fee for withdrawals below  ₦20,000.
  2. ₦100 fee for transactions above ₦20,000.
  3. Moniepoint charges a flat rate of ₦20 for all forms of transfer.

Moniepoint POS charges for Data top-up

  1. MTN: 3% 
  2. Glo: 4% 
  3. Airtel: 4%
  4. 9mobile: 4.5%

Moniepoint POS Charges for Cable Subscription

  1. StarTimes: 2%
  2. DSTv: 2%
  3. GOTv: 2%

Basic Rules for using Moniepoint POS Machine

  1. A POS agent must perform at least four different transactions daily.
  2. The agent is required to perform minimum transactions worth ₦80,00 daily, though it is location-dependent.
  3. If your POS terminal is withdrawn from you, you’re going to get 50% cashback of the money you spent during registration.

Conclusion

Registering to become a Moniepoint POS agent is not difficult since the process is straightforward. You can register by logging in to their website, completing the application form, and paying the necessary fees. Fortunately, you can receive your Moniepoint POS terminal within 48 hours if you follow the steps enumerated in this article carefully.

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