Moniepoint POS Withdrawal Charges, Android POS Machine, Customer Care Number, Daily Target

Moniepoint is another mobile money provider that employs point-of-sale (POS) terminals as their primary collection and transaction device. Similarly to OPay, Access Closa, UBA Moni, etc., POS devices are distributed to agents who have undergone a rigorous Know Your Customer (KYC) process. KYC at the highest level has now ensured the safety and dependability of Moniepoint and the others.

Moniepoint has provided agents with the opportunity to become a “mini-bank” for their immediate community and earn substantial commissions.

Moniepoint is a rapidly expanding Fintech company in Nigeria that is presently exploring expansion opportunities in other regions of Africa. This article examines the most frequently asked inquiries about Moniepoint, including whether a POS (Point-of-Sale) terminal for withdrawal, transfer, and deposit is available.

Moniepoint Requirements

  • 18 years of age or older
  • Be a Nigerian
  • Be agile and technologically adept
  • Own a mobile phone

How to Request a Moniepoint Point-of-Sale Device

Moniepoint POS is currently the most accessible agency banking POS in Nigeria.

The initial step in acquiring a Moniepoint POS agent is to register on their website. ( Here is a detailed guide on how to begin using Moniepoint Website:

  • Click get began
  • Include your full name, email address, phone number, and other information.
  • Choose the other POS merchants with whom you operate. (if any)
  • Submit
  • An Aggregator (an officer in command of a group of agents like you) will contact you within 48 hours of signing up and take it from there.

Alternately, you can visit their office at No.12 Wole Ariyo Street, Lekki Phase 1 directly. Once you are mapped to an aggregator, you can complete everything quickly.

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Required Documents for Moniepoint Agency Banking Registration

Your aggregator will request documentation to satisfy KYC (know your customer) requirements. These are they:

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A genuine ID (International Passport, NIN, Voter’s Card, or Driver’s License).
Monthly Utility Bill (waste bill, electricity bill, land-use charge, water bill, or tenancy agreement)
CAC documents (for registered businesses only)
Any commercial bank’s standard account number.

Moniepoint POS Withdrawal Charges

The charges and commission structure of the Moniepoint POS vary based on the terminal’s transaction volume. Nonetheless, the following commissions and fees apply:

For withdrawals between N1 and N20,000, Moniepoint charges only 0.5% of the amount withdrawn.
For transactions over N20,000, Moniepoint imposes a fixed N100 fee.
Transfers are charged at a fixed rate of N20 by Moniepoint.
For Data Refresh:
MTN 3% commission
Glo 4% commission
9Mobile 4.5% commission
Airtel 4% commission

For Television Service:

DSTv 2% commission
GOTv 2% commission
PHCN 2% commission
Star Times commission of 2%

Features of Moniepoint POS Machine

  • Cash withdrawal
  • Fund Transfer
  • Instant Settlement
  • Payment of Utility Bills

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Moniepoint POS Customer Care Number

Contact Moniepoint via WhatsApp at +2348141500017 or by e-mail at [email protected] if you have any questions or concerns regarding any of these steps. The physical location of Moniepoint’s office is 12 Wole Ariyo Street, Lekki Phase 1, Lagos, Nigeria. They operate weekdays only from 9 am to 5 pm.

FAQs on Moniepoint

Where and how can I obtain the Moniepoint application?

Using this link, Android users can obtain the Moniepoint app from the Playstore. The application is not yet available for Apple products. (iOS)
How Much Does it Cost to Register a Moniepoint POS System in Nigeria?
N20,000 (twenty thousand naira only)

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When will I receive the POS after applying?

24-48 hours elapse between the application and the agent receiving the POS device.

What are the requirements for using Moniepoint POS?

The minimum daily withdrawal value is N80,000 (eighty thousand naira). This differs by region.
Minimum of four counts of deposits per day
If an aggregator has cause to rescind your POS device within a year of issuance, you will receive a 50% refund of the N20,000 paid during registration.

What if I encounter a problem with the POS device later?

As a Moniepoint Agent, problems should be the least of your concerns given that settlements and disputes are typically refunded and resolved on the same day. This is one of Moniepoint’s highest locations. The Aggregator will also designate an engineer to assist you and other Moniepoint agents in your area. Additionally, you will be added to a WhatsApp group with other agents to share ideas and challenges. Business has begun.

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How much is moniepoint POS machine?

Moniepoint POS machine is not really on the high side. With 25,000 naira you can Walk into their office and buy one for your self instead of waiting for long process to get the free POS machine.

How much is moniepoint transaction charges?

Charges could be influenced by so many factors such as the banks, the volume of transactions you want to carry out etc but on a normal rate Moniepoint transaction charges 20 naira flat when you want to transfer.

How much is moniepoint POS charges?

If you want to withdraw funds its usually low which is why most agent prefer them, infact Moniepoint POS charges as low as N6.2 for withdraw for minimum withdrawal.

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What we mean by minimum withdrawal is cash withdrawal that is not more than 5000 naira but charges do increase if you cross this limit.

Note: you are free to fix your charges to what suits your location.

About Samuel 637 Articles
Samuel is an SEO technician and Content developer with over 5 years of work experience. He is known for his love and passion for helping others achieve their financial goals and dreams. This lead to the birth of Finwealthonline. His love for many has to lead him to help thousands of students seeking financial loan advices, app reviews with the right information. Samuel being the CEO and founder of Finwealthonline will continue his good work on helping people with the right information that will lead to achieving their financial dreams and goals.

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