Are you a business owner? Whether small or large scale business owner, it’s time to make use of Moniepoint Pos for a faster and safer business transactions.
With Moniepoint Pos, you are on your way to enjoying a convenient way for your business to accept payments without having to deal with traditional banking systems.
What’s A Moniepoint Pos?
Moniepoint POS is a point-of-sale (POS) terminal that allows businesses to accept card and transfer payments. It is a popular POS solution in Nigeria, and is known for its reliability, affordability, and ease of use.
Steps On How To Become A Moniepoint Pos Agent?
To become a Moniepoint POS agent, you need to follow these steps:
- Visit the Moniepoint website and click on “Become an Agent”.
- Fill out the registration form and submit it.
- Confirm your email address and phone number.
- A Moniepoint agent will contact you within 48 hours of registration to guide you on the next steps to follow.
- Once you have been approved as an agent, you will need to pay for your POS terminal. The cost of a POS terminal is N21,500.
- Once you have paid for your POS terminal, it will be delivered to you within 48 hours.
- Once you have received your POS terminal, you can start using it to perform transactions for your customers.
Documents Needed For Moniepoint Pos
The following are the requirements to become a Moniepoint POS agent:
- A valid business license
- Your Bank Verification Number (BVN)
- A utility bill (e.g., PHCN bill)
- Your bank account number
- A valid identity card (e.g., National ID card, Voter’s card, etc.)
- A minimum of N21,500 to fund your Moniepoint POS Business Account
- A smartphone with an active internet connection.
Once you have met all of the Moniepoint Pos requirements, you can apply to become a Moniepoint POS agent by following the steps above.
Note that Moniepoint requires its agents to process a minimum of N80,000 in transactions daily. If you do not meet this requirement, your POS terminal may be reassigned.
Here are some additional requirements that you may need to meet, depending on the type of transactions that you plan to offer:
- For cash withdrawals, you will need to have a minimum of N50,000 in your Moniepoint POS Business Account at all times.
- For funds transfers, you will need to have a minimum of N20 in your Moniepoint POS Business Account for each transfer.
- For airtime recharge and data purchase, you will need to have a sufficient balance in your Moniepoint POS Business Account to cover the cost of the recharge or data purchase.
Moniepoint Pos Features
- Payment acceptance: Moniepoint POS accepts all major debit and credit cards, as well as mobile money transfers.
- Financial management: Moniepoint POS provides merchants with a variety of tools to manage their finances, including sales tracking, inventory management, and expense tracking.
- Business growth tools: Moniepoint POS offers a variety of tools to help businesses grow, such as loyalty programs, customer relationship management (CRM) tools, and marketing tools.
Here is a more detailed list of the features offered by Moniepoint POS:
- Cash withdrawal
- Airtime recharge
- Data purchase
- Bill payment
- Funds transfer
- Account balance check
- Mini statement
- POS printing
- Inventory management
- Expense tracking
- Sales tracking
- Customer relationship management (CRM)
- Loyalty programs
- Marketing tools
Moniepoint POS also offers a number of additional features, such as:
- Instant dispute resolution
- Secure payments
- Easy-to-use operating system
- Long-lasting battery
- Mobile app
Moniepoint POS is a powerful and versatile POS solution that can help businesses of all sizes succeed.
How To Use Moniepoint Pos For Transactions?
1. Cash withdrawal
- Insert your customer’s debit card into the POS terminal.
- Enter the amount to be withdrawn.
- Ask your customer to enter their PIN.
- Click on “Withdraw Cash”.
- Hand over the cash to your customer and print the receipt.
2. Airtime recharge
- Select “Airtime Recharge” on the POS terminal.
- Select the mobile network provider.
- Enter the phone number to be recharged.
- Enter the amount to be recharged.
- Click on “Recharge”.
- Print the receipt and hand it over to your customer.
3. Data purchase
- Select “Data Purchase” on the POS terminal.
- Select the mobile network provider.
- Enter the phone number to be purchased for.
- Select the data plan to be purchased.
- Click on “Purchase Data”.
- Print the receipt and hand it over to your customer.
4. Bill payment
- Select “Bill Payment” on the POS terminal.
- Select the biller.
- Enter the customer account number.
- Enter the amount to be paid.
- Click on “Pay Bill”.
- Print the receipt and hand it over to your customer.
5. Funds transfer
- Select “Funds Transfer” on the POS terminal.
- Enter the beneficiary’s bank account number.
- Enter the amount to be transferred.
- Enter the beneficiary’s name.
- Click on “Transfer Funds
- Print the receipt and hand it over to your customer.
6. Account balance check
- Select “Account Balance Check” on the POS terminal.
- Insert the customer’s debit card into the POS terminal.
- Enter the customer’s PIN.
- Click on “Check Balance”.
- The customer’s account balance will be displayed on the POS terminal screen.
7. Mini statement
- Select “Mini Statement” on the POS terminal.
- Insert the customer’s debit card into the POS terminal.
- Enter the customer’s PIN.
- Click on “Mini Statement”.
- A mini statement of the customer’s account activity will be printed.
8. POS printing
- To print a receipt, click on the “Print Receipt” button on the POS terminal.
- A receipt will be printed from the POS printer.
Moniepoint Pos Charges
- Cash withdrawal: 0.5% of the transaction amount for withdrawals between N1 and N20,000, and a flat rate of N100 for withdrawals above N20,000.
- Airtime recharge and data purchase: A flat rate of N20 for all transactions.
- Bill payment: A flat rate of N20 for all transactions.
- Funds transfer: A flat rate of N20 for all transactions.
- Account balance check: A flat rate of N10 for all transactions.
Please note that these charges may be subject to change at any time. It is always best to check with Moniepoint for the latest fees and charges before performing any transactions.
How To Log Into Moniepoint Pos?
To log in to Moniepoint POS, you will need your Moniepoint POS username and password. If you do not have a Moniepoint POS account, you can create one on the Moniepoint website.
Once you have your username and password, follow these steps to log in to Moniepoint POS:
- Go to the Moniepoint POS login page.
- Enter your username and password.
- Click on the “Login” button
If you have successfully logged in, you will be taken to the Moniepoint POS dashboard.
From the dashboard, you can access all of the features of Moniepoint POS, such as cash withdrawal, airtime recharge, data purchase, bill payment, funds transfer, account balance check, mini statement, and POS printing.
FAQs On Moniepoint Pos?
1. What Is The Moniepoint Mobile Application?
The Moniepoint mobile application allows Moniepoint agents to manage their businesses from their phones just like Opay business app.
Agents can use the app to view their transaction history, track their earnings, and request support from Moniepoint customer support.
2. How can I contact Moniepoint POS?
You can contact Moniepoint POS customer support by phone, email, or live chat. The contact information can be found on the Moniepoint website.
3. Moniepoint POS Security
Moniepoint POS terminals are equipped with a number of security features to protect your customers’ data and your business. These features include:
- PIN encryption
- Fraud detection
- Data encryption
Moniepoint also provides its agents with security training to help them protect their businesses and their customers.
In conclusion, I hope this article answers some of your FAQs on Moniepoint POS. If you have any other questions, please feel free to ask.