Many people want to know about the cheapest POS charges in Nigeria and the price of POS business in Nigeria and are truly searching for it.
The reason could be due to the widespread ignorance about the charges for POS businesses in Nigeria.
To clear the curiosity on whether starting a POS business is profitable check out the latest article on how to start a POS business in Nigeria from beginning to end.
Starting a POS business is profitable in Nigeria. If you can work harder you will earn more accordingly.
POS Business in Nigeria
POS business in Nigeria, or the Point of Sale business in Nigeria, is promising with many future opportunities available.
With the current technological advancement in the usage of the card and virtual payments due to the ubiquitous nature of touchscreens and smartphones, Nigerian merchants are now adopting POS systems more than ever before.
With a population of about 186 million people in Nigeria, it is no surprise that it is one of the key markets for innovative electronic payment systems solutions providers.
The Nigerian business environment poses a number of challenges that make it an attractive location for businesses that make use of the POS systems as an important aspect of their day-to-day operations.
Cheaper POS Machine
POS terminal business charges in Nigeria are much cheaper than the traditional POS terminals. They are unique because of their multifunctional capabilities and their cost-effectiveness.
The value for money that comes with these devices is one feature that makes them much more popular than the regular ones. These machines can serve as the cheapest POS charges in Nigeria looking at their price tag.
This has led to a wider acceptance of these devices across the country thus, it is quite easy to acquire them even in small towns.
If you have a call center, mobile company, or an online store, then you can get a POS terminal to boost your sales, save time and make all your operations easy.
The following are some of the benefits associated with getting such systems:
Fast and accurate transaction processing
Unlike the traditional systems that were very slow, this type is very fast.
This speed is attributed to the fact that every device has its own processor, which allows for quick transactions without slowing down other services on the device.
It is also very accurate as these terminals are designed with advanced features that give all information related to transactions in real-time, including the date and time of all transactions as well as their amount.
This type of device can be integrated into any system thus helping many businesses to improve their productivity and efficiency at work. For example
Let’s get started with the list of the cheapest POS charges in Nigeria ranging by company names.
Cheapest POS charges in Nigeria
Moniepoint POS charges
Charges for withdrawal is 0.5% from N1,000 – N19,000, N100 from 20,000 – N100,000.
Kudi POS charges
Charges for withdrawal is 0.6% N25 from 100 – 4,500, 4,501 – 25,000 (0.6%) and N150 from 25,001 – 500,000.
Bankly POS charges
Charges for withdrawal is 0.3% N35 on all transfers and withdrawal depending on the amount.
Kolomoni POS charges
Charges for withdrawal are 0.5% from N1000 – N19,900, N30 for transfer, and N100 for transfer of 2000 upward.
OPay POS charges
Charges for withdrawal are 0.6% for the amount below N20,000 and N120 for N20,000 upward.
Baxi Box POS charges
Charges for withdrawal are 0.65% and N30 for transfers.
GTBank POS charges
Charges for withdrawal are 0.75% and this includes routine free maintenance of the POS units.
Now that you have seen the list of the cheapest POS charges in Nigeria, you can decide which of the POS vendors you can apply with.
The above list was compiled based on the prices information provided by each POS vendor/platform.
I hope you find the information on the cheapest POS charges in Nigeria helpful, if so please share with your friend and family who might find it helpful too.