How To Get Moniepoint POS Machine: Moniepoint POS Machine Charges, Price, Daily Target

If you’re a business owner looking to expand your payment options and provide convenience to your customers, obtaining a Moniepoint POS machine can be a game-changer. Moniepoint, a leading financial technology company in Nigeria, offers a reliable and efficient Point of Sale (POS) solution that allows businesses to accept various forms of electronic payments.

In this guide, we will explore how to get a Moniepoint POS machine, understand the charges and pricing associated with it, as well as delve into the concept of the daily transaction target. Whether you’re a small retailer, a service provider, or a business owner in Nigeria, this comprehensive information will help you navigate the process of acquiring a Moniepoint POS machine and make informed decisions.

We will walk you through the step-by-step process of obtaining a Moniepoint POS machine, highlight the eligibility criteria, and discuss the charges involved. Furthermore, we will explore the pricing structure, including installation costs, so that you can evaluate the financial implications for your business. Additionally, we will delve into the concept of the daily transaction target and its significance in maximizing the benefits of using the Moniepoint POS machine.

By the end of this guide, you will have a clear understanding of how to obtain a Moniepoint POS machine, the associated charges, the pricing structure, and how to meet the daily transaction target. Armed with this knowledge, you can make an informed decision about integrating Moniepoint’s POS solution into your business operations, enhancing your customer experience, and facilitating seamless electronic transactions.

Moniepoint POS Machine Overview

Moniepoint POS machine is a state-of-the-art payment solution offered by Moniepoint, a leading financial technology company in Nigeria. The POS machine enables businesses to accept electronic payments, providing convenience and flexibility to both merchants and customers. With Moniepoint POS, businesses can offer various payment options, including debit cards, debit cards, and mobile wallets, allowing customers to make cashless transactions easily.

The Moniepoint POS machine is designed with advanced technology and features that ensure seamless and secure transactions. It comes equipped with a user-friendly interface, a compact design, and connectivity options such as GPRS, Wi-Fi, and Bluetooth, enabling it to function efficiently in different environments.

One of the key advantages of the Moniepoint POS machine is its reliability and speed. It processes transactions swiftly, reducing waiting times for customers and enhancing their overall experience. Moreover, the machine is equipped with advanced security features to protect sensitive customer data, ensuring the safety of transactions.

With the Moniepoint POS machine, businesses can keep track of sales, generate real-time reports, and manage inventory more effectively. The machine offers convenience for businesses of all sizes, ranging from small retailers to large enterprises, enabling them to streamline their operations and drive growth.

To obtain a Moniepoint POS machine, businesses need to go through a simple application process and meet the eligibility criteria set by Moniepoint. Once approved, the POS machine will be provided along with installation assistance and training to ensure smooth integration into the business environment.

In terms of charges and pricing, Moniepoint offers competitive rates for its POS services. There are fees associated with the machine installation, transaction processing, and other value-added services. The pricing structure is designed to be transparent and tailored to the specific needs of businesses.

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How to Apply for a Moniepoint POS Machine

Applying for a Moniepoint POS machine is a straightforward process that involves a few simple steps. Here’s a step-by-step guide on how to apply for a Moniepoint POS machine:

  • Visit the Moniepoint website: Start by visiting the official Moniepoint website ( using a web browser on your computer or mobile device.
  • Navigate to the POS Services section: Explore the website and look for the section that provides information about POS services or specifically about obtaining a Moniepoint POS machine. This section may be labeled as “Get a POS” or something similar.
  • Click on the “Apply Now” button: Once you find the relevant section, click on the “Apply Now” button or a similar call-to-action button to initiate the application process.
  • Fill out the application form: You will be directed to an application form where you need to provide accurate and complete information about your business. This information may include your business name, contact details, business type, location, and any other required details.
  • Apply: After filling out the application form, review the information you have provided to ensure its accuracy. Once you are satisfied, click the “Submit” or “Apply” button to submit your application to Moniepoint.
  • Wait for application review: After submitting your application, it will be reviewed by the Moniepoint team. They will assess your eligibility and suitability for a Moniepoint POS machine based on the information you have provided.
  • Verification and documentation: As part of the application process, you may be required to provide certain supporting documents to verify your business, such as your business registration documents, identification documents, and bank account details. Make sure you have these documents ready as they may be requested during the application review.
  • Approval and installation: If your application is approved, you will be notified by Moniepoint. They will arrange for the installation of the POS machine at your business location. The installation process may involve scheduling an appointment with a Moniepoint representative who will set up the machine and provide any necessary training or guidance.
  • Start using the POS machine: Once the installation is complete, you can start using the Moniepoint POS machine to accept electronic payments from your customers. Familiarize yourself with the machine’s features and functionality to make the most of its capabilities.
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With the above process, you can conveniently apply for a moniepoint POS. 

Eligibility Criteria for Obtaining a Moniepoint POS Machine

To be eligible for obtaining a Moniepoint POS machine, you need to meet certain criteria set by Moniepoint. While the specific eligibility requirements may vary, here are some common criteria to consider:

  • Business Registration: You should have a registered business entity, such as a company, partnership, or sole proprietorship. Moniepoint typically requires businesses to provide their business registration documents as part of the application process.
  • Valid Identification: You need to provide valid identification documents for the business owner or authorized representative. This may include government-issued identification cards, passports, or driver’s licenses.
  • Business Type: Moniepoint POS machines are available for various types of businesses, including retail stores, supermarkets, restaurants, hotels, pharmacies, and more. The specific business type may affect the eligibility criteria and requirements.
  • Bank Account: You may be required to have a business bank account where the funds from transactions made through the POS machine can be deposited. Providing your bank account details during the application process is typically necessary.
  • Location: Moniepoint may have specific geographical areas or locations where their POS machines are available. It’s important to check if your business location falls within their service coverage area.
  • Financial Stability: Some providers may assess the financial stability of your business as part of the eligibility criteria. This could involve reviewing your business’s financial statements, debit history, or other financial documentation.
  • Business Volume: Moniepoint may have specific requirements for the daily or monthly transaction volume that your business should be able to generate. This is to ensure that the POS machine will be viable and profitable for both parties involved.

It’s important to note that these are general eligibility criteria, and Moniepoint may have additional requirements or specific criteria based on their internal policies and procedures.

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Moniepoint POS Price 

The price of a Moniepoint POS machine varies depending on the type of machine you purchase. The basic Moniepoint POS machine is priced at N21,500. This machine allows you to accept payments from customers using debit and debit cards, as well as mobile money.

It’s important to note that Moniepoint also offers more advanced POS machines with additional features. These advanced machines come at a higher price than the basic POS machine. For example, the advanced Moniepoint POS machine, which includes the capability to accept payments through QR codes, may cost more.

In addition to the initial cost of the POS machine, there is also a monthly subscription fee to be paid to Moniepoint. The exact amount of the monthly subscription fee will depend on the type of POS machine you choose to purchase. For the basic Moniepoint POS machine, the monthly subscription fee is typically around N1,000. For the advanced POS machines, the monthly subscription fee may be higher, usually around N2,000.

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Moniepoint POS Charges 

Moniepoint POS charges vary depending on the type of transaction and the amount involved. Here is a breakdown of the charges for different transaction types:

  • Debit Card Transactions: For transactions made using debit cards, Moniepoint charges a commission of 0.5% of the transaction amount. This fee is deducted from the total transaction value.
  • Mobile Money Transactions: When customers make mobile money transactions through the Moniepoint POS, a commission of 2% of the transaction amount is charged. This applies to transactions such as transfers, deposits, and withdrawals made using mobile money platforms.
  • Airtime and Data Top-up: Moniepoint charges a commission of 3% on all airtime and data top-up transactions. This fee is applied to the total value of the airtime or data purchased through the POS machine.
  • Bill Payments: If customers use the Moniepoint POS to make bill payments such as utility bills or subscription fees, a commission of 4% is charged on the transaction amount.

In addition to transaction-based charges, Moniepoint also imposes a monthly subscription fee for using their POS machines. The basic POS machine carries a monthly subscription fee of N1,000, while the advanced POS machine has a monthly subscription fee of N2,000.

Moniepoint POS Daily Target

Moniepoint POS agents are required to meet a daily target of N50,000 worth of transactions. If an agent fails to meet their daily target, their POS machine may be suspended.

The daily target is set by Moniepoint to ensure that agents are actively using their POS machines and processing transactions. If an agent is not meeting their daily target, it may be a sign that they are not marketing their POS machine effectively or that they are not located in a high-traffic area.

There are a few things that agents can do to increase their chances of meeting their daily target. First, they should make sure that they are marketing their POS machine effectively. This means letting their customers know that they accept debit and debit cards, as well as mobile money. Agents should also make sure that they are located in a high-traffic area.

If an agent is still struggling to meet their daily target, they can contact Moniepoint customer support for assistance. Moniepoint may be able to provide the agent with tips on how to increase their sales or they may be able to relocate the agent to a more favorable location.


How much is the daily target for Moniepoint?

The daily target for Moniepoint POS agents is set at N50,000 worth of transactions. This target serves as a benchmark to ensure that agents actively use their POS machines and process a sufficient volume of transactions.

How much does Moniepoint POS charge for transactions?

Moniepoint POS charges vary depending on the type of transaction. Here is a breakdown of the charges:

  • Debit and debit card transactions: Moniepoint charges a 0.5% commission on the total transaction amount.
  • Mobile money transactions: Moniepoint charges a 2% commission on the total transaction amount.
  • Airtime and data top-up: Moniepoint charges a 3% commission on the total transaction amount.
  • Bill payments: Moniepoint charges a 4% commission on the total transaction amount.

These charges contribute to the operational costs and services provided by Moniepoint to facilitate seamless payment processing.

How much can I make on POS per day?

The amount an individual can make on a POS per day depends on various factors, including the transaction volume, types of transactions, and commission rates. Since Moniepoint charges a commission on transactions, the earnings will be based on the total value of transactions processed. The more transactions an agent processes and the higher the transaction amounts, the greater the potential earnings.

How much does Moniepoint charge for N15,000?

The exact charges for N15,000 transaction on Moniepoint POS will depend on the type of transaction. As mentioned earlier, the charges vary for different transaction types. For debit transactions, Moniepoint will charge a 0.5% commission on the N15,000 transaction amount.

What is the breakdown of Moniepoint charges?

The breakdown of Moniepoint charges includes:

  • Debit card transactions: Moniepoint charges a 0.5% commission on the total transaction amount.
  • Mobile money transactions: Moniepoint charges a 2% commission on the total transaction amount.
  • Airtime and data top-up: Moniepoint charges a 3% commission on the total transaction amount.
  • Bill payments: Moniepoint charges a 4% commission on the total transaction amount.

These charges cover the costs associated with payment processing, platform maintenance, customer support, and other operational expenses.


In conclusion, obtaining a Moniepoint POS machine offers businesses in Nigeria the convenience and flexibility to accept various forms of payment from their customers. By following the application process outlined by Moniepoint and meeting the eligibility criteria, businesses can apply for a POS machine and unlock the benefits of seamless transactions.