People have been debating for some time now as to know the Best POS Machine in Nigeria to buy for the best performance in terms of money and quality.
With the economy picking up, businesses are opening up all over Nigeria. And with that, come a new set of challenges. One of the key challenges is how to easily process cash and credit card payments for your customers.
This can be a headache as not all Nigerians have access to bank accounts. It’s even worse for those who do as they may not be able to make it to the bank before their account limit is reached or because there might be a line at the ATM center.
For those looking for the cheapest POS charges in Nigeria, you can read it in detail.
To put an end to the questions I have come up with information about all you need to know about the Best POS Machine in Nigeria.
Table of Contents
What is POS Machine?
The term Point Of Sale or POS is an abbreviation that stands for point of sale. It refers to the place where a customer buys goods and pays for them.
A point of sale system will track inventory, manage product pricing, and monitor sales.
Without further ado let’s talk about the Best POS Machine in Nigeria right now.
Which are the Best POS Machine in Nigeria?
The popularity of Point of Sale (POS) machines has grown tremendously in Nigeria. The increase in the number of people using POS machines is attributable to the growth in e-commerce and commerce on mobile phones.
Businesses are now accepting card payments online and offline. As a result, more people are looking for ways to accept card payments than ever before.
If you’re one of those business owners who still haven’t invested in a POS machine, here is the list of the Best POS Machine in Nigeria to buy:
1. OPay POS
OPay POS is currently the Best POS Machine in Nigeria at the moment, the company is growing rapidly and is gaining the trust of business.
The company is owned by the famous parent owner of Opera mini browser, the OPay app serves as a finance app that makes transfer and withdrawal of cash easier.
OPay POS Machine Prices
N50,000 for OPay Smart POS
N35,000 for OPay Traditional POS
And N8,500 for OPay Mini POS.
How to apply for OPay POS Machine
Applying for an OPay POS machine is easy, all you have to do I follow the necessary steps.
First, click open the Google Play Store on your phone.
Search for the keyword “OPay” and install
After installation, click open and register for an account, you’ll be marked as KYC (Know your Customer) Level 1 after registration.
You will need to upgrade your account to the agent level to receive the OPay POS machine.
Being an OPay agent gives you access to certain features like:
- Withdrawal and transfer of cash
- Airtime purchase
- Bill payments:
- GOTv subscription
- NEPA bills
- Betting account deposits
- DSTV subscription
OPay POS Requirements
- BVN number
- Clean and clear passports
- Utility bills (NEPA or Water bills)
- Valid identity card (National or voter’s card)
- Your business or shop address
- Your First name and Surname
Right after meeting these requirements you will be able to apply and get an OPay POS machine to work with.
2. Moniepoint POS
Moniepoint POS is one of the Best POS Machines in Nigeria, the company is currently looking forward to expanding its business outreach to more countries in Africa.
Requirements to apply for Moniepoint POS in Nigeria
- Must be a Nigerian
- Valid BVN
- Valid Account Number in any commercial bank
- Must possess a smartphone
- Be of age 18 or above
- Must be diligent and must be a bit techy
- A verified Identitificationcard such as International Passport, National ID Card, Drivers’ license, or Voters’ Card
- Utility Bill such as Land use charge, water bill, waste bill, or electricity bill (Nepa Bill)
- Business License CAC documents (Needed for Registered business only)
MoniePoint POS price:
Starts from 25,000 naira
How to apply for MoniePoint POS?
The application process for Moniepoint POS is easy and straightforward, all you need to do is see the registration process here.
3. Paycenter POS
Paycenter is an Agency Banking Network just like others, it provides a fast solution to underlying issues with a slow banking system.
It presents much more opportunities to make banking easier and faster within individuals and businesses, with the help of commercial banks it is able to carry out banking networks seamlessly.
Paycenter POS price:
Starts from 14,000 naira
Paycenter POS Requirements
Before you can become a Paycenter agent, you need to meet certain requirements and must ensure you follow the steps:
- Passport photograph
- Startup Capital
- Must possess a smartphone (Preferable an Android)
- Business document (CAC document for companies)
- A valid Identity card (NIN, Passport, Voters’ card, and others)
- A photo of your Signature
- Marketable location
- Utility bill (must be recent 3 months)
How to apply for a Paycenter POS machine?
To apply for Moniepoint POS you will find it easy and straightforward, all you need to do is check the registration process here.
Prices of other Best POS Machine in Nigeria
We have more other Best POS Machine in Nigeria you can apply for depending on your needs and wants. Here are they are below:
Kudi POS price:
Starts from 20,000 naira
Kudi POS requirements:
Requires you to have a valid ID card (NIN), Nepa bill, and passport.
PalmPay POS price:
Starts from 20,000 naira
PalmPay POS requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
Baxi mPOS price:
Starts from 10,000 naira
Baxi mPOS requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
Baxi Android price:
Starts from 30,000 naira
Baxi Android requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
Flutterwave POS price:
Starts from 10,000 naira
Flutterwave POS requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
Bankly POS price:
It is free
Bankly POS requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
Surebanka POS price:
Starts from 10,000 naira
Surebanka POS requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
Accelerex POS price
Starts from 10,000 naira
Accelerex POS requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
NowNow POS price:
Starts from 10,000 naira
NowNow POS requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
Firstmonie (First bank) POS price:
It is free
Firstmoinie POS requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
Surepadi (Polaris Bank) POS price:
It is free
Surepadi POS requirements:
Requires you to have any valid ID card, Nepa bill, passports, and an active current account with the bank.
Zenith Bank POS price:
It is free
Zenith Bank POS requirements:
Requires you to have any valid ID card, Nepa bill, passports, and an active current account with the bank.
Access Closa (Access bank) POS price:
It is free
Access Closa POS requirements:
Requires you to have any valid ID card, Nepa bill, passports, and an active current account with the bank.
UBA POS price:
It is free
UBA POS requirements:
Requires you to have any valid ID card, Nepa bill, passports, and an active current account with the bank.
Union bank POS price:
It is free
Union bank POS requirements:
Requires you to have any valid ID card, Nepa bill, passports, and an active current account with the bank.
Heritage bank POS price:
It is free
Heritage bank POS requirements:
Requires you to have any valid ID card, Nepa bill, passports, and an active current account with the bank.
Stanbic bank POS price:
It is free
Stanbic bank POS requirements:
Requires you to have any valid ID card, Nepa bill, passports, and an active current account with the bank.
GTBank POS price:
It is free
GTBank POS requirements:
Requires you to have any valid ID card, Nepa bill, passports, and an active current account with the bank.
Wema Bank POS price:
It is free
Wema Bank POS requirements:
Requires you to have any valid ID card, Nepa bill, passports, and an active current account with the bank.
ECOSA POS price:
Start from 25,000 Naira
ECOSA POS requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
Itex POS price:
Start from 10,000 Naira
Itex POS requirements:
Requires you to have any valid ID card, Nepa bill, and passports.
Conclusion
The above list of the Best POS Machine in Nigeria will help you decide the best one to go for when buying a POS machine.
I will personally advise you to go with OPay POS as it is more tested and trusted or you might also go for the MoniePoint POS if you want.
I am happy to come up with the list above and I am sure you have it helpful one way or the other, kindly share with your friends and family who might need this.
Thank you and Good Luck.
