Moniepoint POS – How To Apply and How much is Moniepoint POS machine in Nigeria 2021?
Moniepoint POS – How To Apply and How much is Moniepoint POS machine in Nigeria 2021?

Are you tired of the hassle associated with traditional banking? Do you crave the convenience of managing your finances on your terms? If your answer is a resounding “yes,” then you’re in the right place! Welcome to the world of Moniepoint login, your gateway to simplified financial services, and more. In this comprehensive guide, we will walk you through everything you need to know about Moniepoint login, from creating an account to unleashing the full potential of this innovative platform.

Table of Contents

What is Moniepoint?

Before we dive into the details of Moniepoint login, let’s get acquainted with what Moniepoint is all about.

Moniepoint is a financial technology company that empowers individuals and businesses by providing seamless access to essential financial services. Their platform offers a range of services, including mobile banking, payment solutions, and more. With Moniepoint, you can bid farewell to long queues at the bank and embrace the simplicity of digital finance.

Moniepoint POS is another mobile money merchant that uses Point of Sale (POS) machines as the primary device for collection and other transactions. Like OPay, Access Crosa, UBA Moni, and so on, POS devices are deployed to agents that have been evaluated in a rigorous Know Your Customer (KYC) process. The first-class KYC has now ensured the security and reliability of Moniepoint and others. Moniepoint allowed agents to become a ‘mini bank for their immediate environment and earn good money from commissions.

Honestly, you just need to sign up first to become a Moniepoint agent on the website – moniepoint.com. This is the first step to everything.

Moniepoint POS Features

Accept Various Forms of Electronic Payments

Moniepoint POS accepts a range of electronic payments, including debit/credit cards, bank transfers, and mobile payments. This flexibility ensures that businesses can cater to a diverse customer base.

User-Friendly Interface

The POS machine boasts a user-friendly interface, making it easy for businesses to process transactions swiftly. Even those unfamiliar with the technology will find Moniepoint POS intuitive and efficient.

Additional Services

Moniepoint goes beyond simple transactions, offering additional services like airtime top-up, bill payments, and money transfers. This versatility allows businesses to enhance their offerings and meet the varied needs of their customers.

Affordable with No Hidden Charges

Businesses will appreciate the transparency in pricing. The Moniepoint POS machine comes at a one-time cost of N21,500, with no hidden charges or ongoing maintenance fees. It’s a straightforward and cost-effective solution for cashless transactions.

Excellent Customer Support

Moniepoint places a strong emphasis on customer support, ensuring that any issues are promptly addressed. This commitment to customer service adds an extra layer of reliability to the POS system.

Real-Time Transaction Monitoring

Businesses can monitor transactions in real-time, providing them with valuable insights into their sales. This feature empowers businesses to make informed decisions based on their transaction data.

High-Security Standards

Security is a top priority for Moniepoint. The POS machine is designed with robust security measures to protect customer data from potential fraud, assuring both businesses and customers of a secure transaction environment.

Portability

The portable nature of the POS machine allows businesses to accept payments from any location, adding convenience to both businesses and customers.

Issuance of Receipts and Invoices

Moniepoint POS enables businesses to issue receipts and invoices seamlessly, facilitating easy record-keeping and accounting.

Moniepoint POS Charges

Moniepoint POS charges are competitive and based on the number of transactions carried out:

  • Charges range from N6.2 to N20 per transaction.
  • Only 0.5% is charged for withdrawals up to N20,000.
  • A flat rate of N100 is charged for transactions above N20,000.
  • A flat rate of N20 is charged for money transfers.
  • Moniepoint offers commissions for various services, including DSTV, GOTv, StarTimes, and data top-up for MTN, Glo, 9Mobile, and Airtel.
  • Commission rates range from 2% to 4.5% for PHCN tokens.

These charges are fair and affordable, making Moniepoint a suitable option for businesses.

Moniepoint POS Machine Requirements

Verification Requirements

To ensure the legitimacy of operations, businesses need to provide valid identification documents such as a national ID card or passport.

Financial Infrastructure

An active bank account is essential to facilitate the transfer of funds from POS transactions into the business’s financial system.

Digital Connectivity

A smartphone with internet access is crucial for accessing the POS management app, allowing businesses to monitor transactions, receive support, and stay updated.

Initial Investment

Purchasing the POS device requires an initial investment to cover the cost of the hardware.

Business Premises

A fixed business address is necessary for the delivery and registration of the POS machine, ensuring its association with the legitimate business location.

See also  Opay Aggregator Login: Unveiling Seamless Financial Management for Businesses!

Communication Channels

A valid email address and phone number are essential for registration, communication, and receiving important updates and notifications from the POS provider.

Legal Requirements

Businesses must be at least 18 years old to register and operate a POS machine, complying with legal and regulatory age restrictions.

Creditworthiness Assessment

Maintaining a positive credit history demonstrates financial responsibility and trustworthiness, influencing the POS provider’s evaluation of an applicant’s eligibility.

Regulatory Adherence

Businesses must adhere to all applicable regulations and guidelines governing cashless payment systems, ensuring the legality and security of transactions.

Comprehensive Registration

Thorough registration is necessary to activate the POS account and access its full functionality, ensuring the business meets all requirements and is authorized to operate the device.

Streamlined Process

The Moniepoint POS acquisition process is designed to ensure businesses meet the necessary criteria and are well-equipped for cashless transactions, safeguarding both the business and the POS provider’s interests.

Moniepoint SignUp

To sign up for Moniepoint, follow these steps:

  1. Visit the Moniepoint website at www.moniepoint.com
  2. Click on the “Start” button located at the top right corner of the homepage.
  3. Fill in your personal information such as your full name, phone number, email address, and other required details.
  4. Select other POS merchants you work with (if any).
  5. Click on the “Send” button to submit your registration form.
  6. Wait for 48 hours for an aggregator (an officer in charge of a group of agents like you) to contact you and guide you on the next steps.

It is important to note that Moniepoint requires you to meet some requirements to become a legitimate Moniepoint agent, such as being 18 years or older, being a Nigerian citizen, being responsive and tech-savvy, and owning a smartphone. You will also need to provide some documents such as a certified commercial license, your bank account number, your current home NEPA bill, any active ID card, and your bank verification number (BVN).

Moniepoint POS Registration

Step 1: Understanding the Moniepoint Platform

Before embarking on the Moniepoint POS registration journey, it’s essential to grasp the significance of this mobile money platform. Moniepoint offers convenience, security, and a seamless transaction experience for both customers and agents. It’s a rapidly growing financial solution, licensed by the Central Bank of Nigeria, providing legitimacy and trust.

Step 2: Aspiring Agents: The Application Process

Becoming a Moniepoint POS agent is a straightforward process that begins with an application. Aspiring agents need to provide specific documents, including an identification card, bank details, and necessary business licenses. These documents are essential to verify the authenticity of the agent and ensure compliance with regulatory requirements.

Step 3: The POS Machine: An Investment in Your Business

The Moniepoint POS machine is a powerful tool that enables agents to offer a wide range of financial services. The initial cost of the POS machine is approximately N21,500. This investment opens the door to numerous revenue-generating opportunities, making it a valuable asset for any business owner seeking to expand their services.

Step 4: Transaction Charges and Commission Structures

Understanding the financial aspect of being a Moniepoint POS agent is crucial. Moniepoint provides competitive transaction charges, including fixed fees for withdrawals and transfers. These charges are transparent, ensuring that agents can effectively plan their pricing strategies.

Step 5: Embracing the Moniepoint Mission

Moniepoint’s mission is to empower businesses, foster financial inclusion, and provide secure payment solutions. As an agent, you become an integral part of this mission, contributing to a more connected and financially empowered Nigeria.

Step 6: The Moniepoint POS Dashboard

Once you’ve completed the registration and received your POS machine, you’ll gain access to the Moniepoint POS dashboard. This dashboard is your command center, allowing you to manage transactions, monitor performance, and access valuable insights.

What is a Moniepoint POS agency?

Moniepoint is Nigeria’s most trusted and trusted mobile money platform (local money transfers). Moniepoint company became Nigeria’s largest mobile money platform in one year. Moniepoint offers a fast and secure point of sale (POS) terminal. You won’t have any problems using their POS.

That is why in this article I will explain to you how to get your point of sale and moniepoint login.

There are many complaints (from agents) about debiting the customer’s account without seeing the money. This problem usually occurs at a point of sale (POS) terminal when there is no network (the customer’s banking network or the terminal). They will charge the card and the agent will not see the money.

If you were the agent, would you give that money to customers? No, you can’t, because it’s not in your account. The only solution for them is to go to the bank to complain about the problem. And not all customers understand this. They may think you want to trick them.

Note: All payment terminals can charge customer cards if there is a bad network during the transaction process. But,

If you are at the ATM, the problem is easy to solve. The agent (if you are an ATM agent who has the problem) will file a complaint with the ATM teams and they will contact the customer’s bank to refund the money without having to visit the bank.

How do I qualify for a Moniepoint POS in Nigeria?

  • Be 18 years or older
  • Be a Nigerian
  • Be responsive and tech-savvy
  • Owns a smartphone

How To Get A Moniepoint POS Machine

Knowing how to get a Moniepoint POS machine is a very easy task as it does not require much effort.

The easiest way to get the single-point machine is to contact the single-point office anywhere and request it.

The office will guide you through the necessary steps to take to successfully obtain a single-point POS machine.

The machine costs only N25,000, which is cheaper than the cost of other POS machines.

If you also know a ticket office near you, you can get it there too.

How do you become a Monieppoint POS agent?

The steps required to become a genuine and qualified POS agent is a very simple procedures.

All you need to do is go to the official moniepoint website at moniepoint.com where you can fill out the registration form for those who want to become a moniepoint agent.

After completing and submitting the form, your email address or telephone number will be used to contact you 48 hours after registration. It is advisable to use an active email address.

Once you have been verified to become a legit moniepoint POS agent, log in to the moniepoint POS login to access your dashboard.

Below are the requirements you fill in the moniepoint POS agent form;

  • A certified commercial license.
  • Your bank account number.
  • Your current home NEPA Bill.
  • Any active ID card, be it a voter card, national ID card,z, or any other.
  • Your bank verification number (BVN).
See also  How To Check, Change BVN Date Of Birth, Phone Number, and Details

The concept of BVN is only to confirm your details so that they can get to know your customers.

How To Request For Moniepoint POS Machine?

Moniepoint’s POS is probably the easiest bank branch cash register available in Nigeria at the moment.

The first step to getting a Moniepoint POS agent is to sign up on their website (www.moniepoint.com). Here’s a step-by-step guide to getting started on the Moniepoint website:

  1. Click start
  2. Enter your full name, email address, phone number, and other details.
  3. Select the other POS merchants you work with (if any)
  4. Send

Within 48 hours of signing up, an aggregator (an officer in charge of a group of agents like you) will contact you and take over from there.

You can also just visit their office at No. 12 Wole Ariyo St, Lekki Phase 1. Once assigned to an aggregator, you can get everything done in a short amount of time.

Documents required to complete Moniepoint branch bank registration

To meet the KYC requirements (know your customer), your aggregator will ask for some documents. There they are:

  • A valid ID (international passport, NIN, voter card, or driver’s license)
  • Utility bill (waste bill, electricity bill, land use tax, water bill, or rental agreement)
  • CAC documents (for registered companies only)
  • BVN
  • A standard account number at any commercial bank.

How Much Is Moniepoint POS Machine?

The Moniepoint POS machine is priced at N21,500. Pay this amount once, and the machine is yours with no extra charges or setup fees.

Understanding the One-Time Payment

  1. Free Registration: The initial step involves registering for Moniepoint POS, and the good news is that there are no hidden application fees. Registration comes at no cost to you.
  2. One-Time Payment: The crux of the matter is the one-time payment of N21,500 for the Moniepoint POS machine. This straightforward pricing structure eliminates the need for businesses to worry about ongoing maintenance fees or hidden charges.
  3. No Extra Charges: Once you’ve made the one-time payment, there are no additional charges to contend with. This transparency in pricing ensures that the N21,500 covers all aspects of acquiring and owning the Moniepoint POS machine.

The Value Proposition of Moniepoint POS Machine

Understanding the cost is essential, but let’s take a moment to appreciate the value that comes with the Moniepoint POS machine:

  • User-Friendly Interface: The machine is designed with a user-friendly interface, making it accessible for businesses of all sizes, even those new to cashless transactions.
  • Additional Services: Beyond standard transactions, Moniepoint POS offers services like airtime top-up, bill payments, and money transfers, enhancing the overall value for businesses and their customers.
  • Excellent Customer Support: A commitment to customer support ensures that any issues are swiftly resolved, providing businesses with the peace of mind they deserve.

Moniepoint ATM Login

The Moniepoint ATM Login is a simple procedure as it is very similar to logging in to Moniepoint.

All you need to do is log into the MoniePoint dashboard and download the moniepoint app.

Downloading the app from the Google Play Store is very easy. It is now possible to easily log in to the moniepoint app.

Logging into your dashboard is very easy via https://atm.moniepoint.com in your search engine.

Now you can start your own POS business without hesitation.

Moniepoint Log in – Moniepoint Login App To Access Moniepoint Dashboard

When someone registers with the Moniepoint agency, either through the website or the app, they can moniepoint login to their account easily.

All it takes are certain steps to go through the process. Upon arrival at this portal, you must log in before you can access it.

Here we are going to give you the details on how to go through this process successfully. How to moniepoint login to access the moniepoint login app dashboard easily.

As long as you have your login details correct, you can easily go through the process. Be one of those who may be going through this process.

Anyone looking for this information is sure to get it in full here. Below you will find the steps to complete the login to Moniepoint Dashboard;

Here Is The Process To Moniepoint Login;

  1. Visit the moniepoint app or website
  2. Enter your correct login details (username and password)
  3. From there, successfully log in to your Moniepoint dashboard.

Moniepoint POS Login

To log in to your Moniepoint POS account, follow these steps:

  1. Open the Moniepoint POS app on your device.
  2. Enter your registered phone number or email address in the provided field.
  3. Enter your password in the field provided.
  4. Click on the “Log In” button.

If your login details are correct, you will be redirected to your Moniepoint POS dashboard, where you can start accepting payments and managing your transactions. If you encounter any issues logging in, you can contact Moniepoint customer support for assistance.

Moniepoint Agent Login

To log in as a Moniepoint agent, you need to follow these steps:

  1. Visit the Moniepoint agent login page at https://atm.moniepoint.com/onboarding-v2?referrer=singular_click_id%3D44ae7213-7441-4353-9282-e3da61b508e9.
  2. Enter your agent ID and password in the provided fields.
  3. Click on the “Sign In” button.

If your agent ID and password are correct, you should be logged in to your Moniepoint agent account. If you’re having trouble logging in, you can contact Moniepoint customer support for assistance.

Moniepoint Agent App Login

Step 1: Download the Moniepoint Agent App

Before you can experience the benefits of the Moniepoint Agent App, you need to download it to your mobile device. Visit your device’s app store and search for “Moniepoint Agent App.” Download and install the app to get started.

Step 2: Register as an Agent

Once you have the app installed, it’s time to register as an agent. Follow the registration process, which typically involves providing your business information, and contact details, and agreeing to the terms and conditions.

Step 3: Access the Login Page

After registration, you can access the Moniepoint Agent App login page. This is where you’ll enter your credentials to access the app’s features. Make sure to keep your login details secure.

Step 4: Enter Your Credentials

On the login page, enter your registered email address and password. Double-check the accuracy of the information to ensure a smooth login experience.

Step 5: Click on “Login”

With your credentials entered, click on the “Login” button. Congratulations, you’ve successfully logged in to the Moniepoint Agent App!

Step 6: Explore the App

Upon logging in, you’ll be greeted with the app’s user-friendly interface. Here, you can explore various features, including managing accounts, processing payments, accessing loan options, and seeking support.

Moniepoint Login App Problems

There are situations where many are unable to complete the Moniepoint login Dashboard. This is caused by several factors.

See also  10 Reasons Why Would A Text Message Not Be Delivered in Android and iPhone?

If you know the cause of this problem, you can tackle it. The causes of these kinds of problems are not far from the problem.

Without finding the real cause of this problem, you cannot treat it successfully. The causes of the Moniepoint login dashboard are listed below;

  1. Incorrect login details
  2. KYC low level
  3. Bad network

When you face this issue, you need to follow some steps to complete the process. These steps are the ways that can help you solve the problem.

So many who are looking for a solution to this Moniepoint login problem are in the right place. We will surely let you have full knowledge about it.

Find the cause of the problem to resolve the Moniepoint dashboard login issue. Also, follow the steps below to find and fix this issue;

  • Open your Moniepoint account in a good network area
  • Please use your correct login details
  • Click reset password if you forgot the login details
  • Follow the correct process to reset the password
  • Update KYC Level

If the problem persists, please contact Moniepoint Customer Service. The update here is about one of the best outlets in Nigeria as of now. This agency has successfully facilitated easy banking in Nigeria.

Transaction costs on Moniepoint

Moniepoint’s transaction costs are relatively low. It is the cheapest POS service.

However, the charges are based on the platform to which the transfer is made.

The bank transfer fee is N20 for each bank. Pricing is not for a specific bank, like other POS services.

Withdrawal rates between one and four thousand nairas are just N6.2, the price will rise if the withdrawal is more than that.

Moniepoint also does not charge additional bank fees like other POS services for its agents.

Moniepoint Application

The essence of the Moniepoint POS is to make it easier to make and receive payments.

Payment for goods is possible via your Moniepoint account using the payment terminal in the Moniepoint mobile app.

Using the Moniepoint mobile app, paying bills, betting, and withdrawing money at the POS is very easy.

Refunds of transactions are possible using the moniepoint app. All you need to do is file a complaint with the Moniepoint teams.

This team contacts the customer’s bank to refund the money without the customer having to visit the bank.

In about a year, moniepoint company has grown into the biggest and best money platform in Nigeria.

moniepoint offers the fastest and safest payment terminal. Their services are hassle-free and easy to operate.

How to operate Moniepoint POS?

After you know how to get Moniepoint POS and how to become their agent, the next question that should be on your lips is how to operate Moniepoint POS. Operating POS from Moniepoint company is easy. Follow the step-by-step guide below on how to operate moniepoint POS:

That is how to operate moniepoint pos.

Moniepoint USSD Code

To use the Moniepoint USSD code, dial *776# on your mobile phone and follow the on-screen prompts to access various services such as transferring funds, checking account balances, and purchasing airtime/data.

Moniepoint POS Customer Care Number

You can contact Moniepoint customer care via phone by calling their hotline at +234 (0) 700 666 4377. Alternatively, you can reach out to them via email at support@moniepoint.com or visit their website at www.moniepoint.com for more information.

Moniepoint Whatsapp Number

Moniepoint has a customer support WhatsApp number that you can use to chat with their support team. The WhatsApp number is +2349030002455. However, please note that this number is only available for WhatsApp chats, and not for calls. If you need to speak with Moniepoint’s customer care via phone, you can call their customer care number at 01-700-9063 or send an email to support@moniepoint.com.

Troubleshooting Moniepoint Login Issues

While Moniepoint strives to provide a seamless login experience, you may encounter occasional issues. Here are some common problems and solutions:

1. Forgotten Password

Issue: Unable to remember your password.

Solution: Click on the “Forgot Password” link on the login page. Follow the prompts to reset your password. You’ll receive instructions via email or SMS.

2. Incorrect Phone Number

Issue: Entered the wrong phone number during login.

Solution: Double-check the phone number you entered. Ensure it matches the one associated with your Moniepoint account.

3. Locked Account

Issue: The account is locked due to multiple failed login attempts.

Solution: Contact Moniepoint customer support for assistance in unlocking your account. They will guide you through the process.

Frequently Asked Questions about Moniepoint

Where and how do I download the Moniepoint app?

For Android, you can download the Moniepoint app from the Play Store at this LINK. The app is not yet available on Apple devices (iOS)

How much is the Moniepoint POS machine in Nigeria?

N25,000 (only twenty-five thousand nairas)

When will I receive the POS after signing up?

The schedule from request to when the agent receives the POS device is 24 to 48 hours

What are Moniepoint POS Fees and Commission Structure?

Moniepoint POS fees and commission structure vary depending on the volume of the transaction made through the terminal. However, some of the commissions and fees are listed below:
For withdrawals of N1-N20,000, Moniepoint charges only 0.5% of the transaction amount.
For transactions over N20,000 Moniepoint charges a fixed amount of N100.
For transfers, Moniepoint charges a fixed amount of N20 for transfers
For Data Subscription:
MTN 3% commission
Glo 4% commission
9 Mobile commission of 4.5%
Airtel commission 4%
For TV Subscription:
DSTV 2% commission
GOTV 2% commission
PHCN Commission 2%
Star Times commission 2%

What are the rules for using the Moniepoint POS?

Minimum N80,000 (only eighty thousand Nairas) in daily withdrawal value.

Minimum 4 deposits per day

You will receive a 50% refund of the N25,000 amount paid during registration if an Aggregator has a reason to withdraw your POS device within one year of issuance.

What should I do if I later have a problem with the POS device?

As a Moniepoint agent, issues are the least of your worries as settlements and disputes are usually refunded and resolved the same day. This is one of the highlights of Moniepoint. The Aggregator will also appoint a technician to serve you and other Moniepoint agents in your area. In addition, you will be added to a WhatsApp group made up of other agents to share ideas/challenges. The company started.
For questions and concerns about any of these steps, please contact Moniepoint via WhatsApp at +2348141500017 or email support@moniepoint.com. Moniepoint’s physical office is located at 12 Wole Ariyo St, Lekki Phase 1, Lagos, Nigeria. They only work on weekdays from 9 am to 5 pm.

Can I access Moniepoint’s business solutions on my mobile device?

Absolutely! Moniepoint’s platform is designed to be mobile-responsive, allowing you to access and manage your business finances on the go.

Are there any security measures in place for Moniepoint log-in?

Yes, Moniepoint prioritizes the security of your business information. The login process is equipped with encryption and other security protocols to safeguard your data.

What do I do if I forget my Moniepoint login password?

If you forget your password, you can usually find a “Forgot Password” link on the login page. Follow the instructions provided to reset your password securely.

Can I personalize my dashboard for quick access to specific features?

While dashboard customization options may vary, many platforms, including Moniepoint, allow you to customize your dashboard for easy access to frequently used features.

Is Moniepoint’s login process user-friendly for all experience levels?

Yes, Moniepoint’s log in process is designed to be user-friendly and intuitive, catering to both seasoned business owners and those who are new to financial technology.

Conclusion

This Moniepoint log in post contains all the facts you need to know about the Moniepoint POS. Ways to get it easily, your headquarters, where to get it and more are in this post.

To find out how to get a Moniepoint POS machine, follow the simple procedures above, and with that, you can easily set up your own POS business. The running costs of Moniepoint POS machines are relatively low, as the purchase price is also lower, if not lower, than all other POS machines.

Setting up the POS business is not stressful. You can start by installing it in your place and then move on to other areas. Try to share this information with others, because you don’t know who expects this kind of information.

For the most recent updates, please post your comment in the comment box below.

By 9jaboizgist

Oladepo Babatunde is a versatile writer and digital enthusiast with a knack for uncovering the latest trends shaping Nigeria and beyond. As the creative force behind 9jaboizgist.com.ng, Oladepo shares engaging content that spans technology, lifestyle, entertainment, and practical tips for navigating everyday life. With a deep understanding of Nigeria's vibrant culture and evolving digital landscape, Oladepo creates articles that resonate with readers from all walks of life. Whether exploring tech innovations, offering helpful guides, or spotlighting inspiring stories, his goal is to keep his audience informed and entertained. Outside writing, Oladepo is passionate about connecting with people, exploring new ideas, and staying updated on the latest global and local trends. Join him on this journey of discovery and conversation at 9jaboizgist.com.ng.

Leave a Reply