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.

Moniepoint is a fast-growing Fintech company in Nigeria that is currently looking to expand into other parts of Africa. This article will address the essential questions people are currently asking about Moniepoint: can you get/apply a POS (Point of Sale) terminal for pick up, transfer, deposit, How much is Moniepoint POS machine in Nigeria? etc.

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

What is a Moniepoint POS agency?

Moniepoint is Nigeria’s most trusted and trusted mobile money platform (local money transfers). Moniepoint company becomes 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.

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.

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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 procedure.

All you need to do is go to the official moniepoint website at 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).

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 ( 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 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

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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.

Moniepoint POS Login

Logging in to the moniepoint POS 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 in your search engine.

Now you can start your own POS business without hesitation.

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.

Frequently Asked Questions about Moniepoint

Where and how do I download the Moniepoint app?

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

How much is 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
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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 [email protected] 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.


This 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.

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