How To Get Moniepoint POS Machine: Moniepoint POS Charges, Price, Daily Target

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Moniepoint is a popular payment processing platform in Nigeria that allows merchants to accept payments from customers using debit cards. Moniepoint also offers POS machines to merchants, which allow them to accept payments in person.

In this article, we will guide you through all the processes involved in getting a Moniepoint, we will also talk about their charges, price and their daily target. 

Overview Of Moniepoint 

Moniepoint is a leading financial technology company that offers innovative payment solutions in Nigeria. The platform is primarily known for providing Point of Sale (POS) services to businesses, enabling them to accept cashless payments from customers seamlessly. Established with the aim of revolutionizing the payment landscape, Moniepoint has quickly become a preferred choice for businesses looking to expand their payment options and enhance customer experiences.

Key features of Moniepoint include:

  1. POS Services: Moniepoint offers a robust network of POS machines that businesses can use to accept payments through various channels, including debit cards, , s. This empowers businesses to cater to a wide range of customers, encouraging cashless transactions and driving financial inclusion.
  2. Easy Integration: Moniepoint’s POS machines are designed for easy integration with businesses’ existing payment systems. This ensures a seamless transition to cashless payment acceptance without disrupting daily operations.
  3. Secure Transactions: Security is a top priority for Moniepoint. Their POS machines are equipped with advanced encryption and security features to protect sensitive customer data and ensure secure transactions.
  4. Competitive Charges: Moniepoint offers competitive transaction charges, making it an attractive option for businesses seeking cost-effective payment solutions.
  5. Prompt Settlement: The platform provides prompt settlement of transactions, allowing businesses to access their funds quickly and efficiently.
  6. User-Friendly Interface: Moniepoint’s POS machines come with a user-friendly interface, making it easy for merchants and customers alike to navigate the payment process seamlessly.
  7. Support and Assistance: Moniepoint offers reliable customer support and assistance to merchants, ensuring that any queries or issues are promptly addressed.

With its commitment to empowering businesses and individuals with seamless payment solutions, Moniepoint has played a significant role in advancing financial technology in Nigeria.

How To Get Moniepoint POS Machine

Acquiring a Moniepoint POS machine for your business is a simple and beneficial process, enabling you to embrace cashless transactions and enhance customer convenience. To get started, follow these straightforward steps:

  1. Create a Moniepoint Account: Begin by creating a Moniepoint account either on their website or by downloading the Moniepoint app. This account will serve as the foundation for your POS machine request.
  2. Request a POS Machine: Once your account is set up, proceed to request a Moniepoint POS machine. During this process, you will need to provide essential business information, including your business name and address.
  3. Activate Your POS Machine: Upon receiving your POS machine, it’s time to activate it. The instructions for activation can be found in the Moniepoint app or on their website, making the process quick and efficient.
  4. Start Accepting Payments: With your POS machine successfully activated, you can now begin accepting cashless payments from your customers. The POS machine facilitates transactions via debit cards, ensuring a seamless and secure payment experience.
  5. Eligibility Requirements: To be eligible for a Moniepoint POS machine, your business must have a valid registration and an operational bank account. Additionally, meeting the daily target set by Moniepoint is also crucial for POS agents.
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Acquiring a Moniepoint POS machine opens doors to a more streamlined and efficient payment process, encouraging customer loyalty and contributing to business growth. With Moniepoint’s user-friendly interface and reliable customer support, integrating cashless transactions becomes a breeze, positioning your business at the forefront of the digital payment revolution.

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Moniepoint POS Charges

Below are the detailed charges for various services:


  • 0.5% of the transaction amount for withdrawals between N1 and N20,000.
  • N100 flat rate for withdrawals above N20,000.


  • N20 flat rate for transfers.

Data Purchases:

  • MTN: 3% commission.
  • Glo: 4% commission.
  • DSTv: 2% commission.
  • GOTv: 2% commission.
  • PHCN: 2% commission.
  • 9Mobile: 4.5% commission.
  • Airtel: 4% commission.

TV Subscriptions:

  • Star Times: 2% commission.

It is crucial to note that these charges are applied to the customer, not the merchant. The charges are deducted from the customer’s account immediately after the completion of the transaction. Additionally, the charges may vary depending on the specific type of transaction and the bank or network used.

Moniepoint POS Price

Here are the prices of the different Moniepoint POS machines along with their respective features:

  • Moniepoint Lite POS Machine – N21,500: The Moniepoint Lite POS machine is the most affordable option, offering basic features such as the ability to accept card payments and make transfers. It is a suitable choice for businesses looking for a cost-effective solution to start accepting cashless payments.
  • Moniepoint Plus POS Machine – N30,000: The Moniepoint Plus POS machine is a step up from the Lite version, offering additional features. It can accept both card and cash payments, providing more flexibility for businesses. Furthermore, it can generate reports, which can be beneficial for tracking transactions and sales data.
  • Moniepoint Max POS Machine – N45,000: The Moniepoint Max POS machine is the most advanced option in the Moniepoint lineup. It offers a comprehensive set of features, including the ability to accept card payments, cash payments, and generate reports. This high-end POS machine is suitable for businesses that require robust functionality and detailed reporting.

In addition to the initial machine price, businesses should also consider the monthly subscription fee, which varies depending on the type of machine and features used. This subscription fee covers ongoing support, maintenance, and access to any additional services or updates provided by Moniepoint.

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Moniepoint POS Machine Daily Target

The Moniepoint POS machine daily target of N50,000 in withdrawal value serves as a critical performance benchmark for POS agents. Meeting this target is essential to demonstrate active usage of the POS machine and contribute to revenue generation for both the agents and Moniepoint.

As a POS agent, achieving the daily target indicates a high level of engagement and efficiency in processing cashless transactions. It reflects a commitment to providing seamless and convenient withdrawal services to customers, which in turn fosters customer loyalty and trust in the payment system.

However, falling short of the daily target may raise concerns about transaction volumes and revenue generation. It serves as a valuable feedback mechanism, prompting POS agents to explore new strategies and opportunities to attract more customers or increase the average transaction size. This could involve actively promoting the POS services to potential customers, leveraging local partnerships, or exploring innovative marketing techniques.


How much is Moniepoint target a day?

The Moniepoint POS machine daily target is N50,000 in withdrawal value. This means that you must process at least N50,000 worth of withdrawals per day in order to meet your target. If you do not meet your target, your POS machine may be deactivated.

How much does Moniepoint POS charge per transaction?

Moniepoint POS charges different amounts for different types of transactions. Here is a breakdown of the charges:

  • Withdrawals:
    • 0.5% of the transaction amount for withdrawals between N1 and N20,000.
    • N100 flat rate for withdrawals above N20,000.
  • Transfers:
    • N20 flat rate for transfers.
  • Data purchases:
    • MTN: 3% commission.
    • Glo: 4% commission.
    • DSTv: 2% commission.
    • GOTv: 2% commission.
    • PHCN: 2% commission.
    • 9Mobile: 4.5% commission.
    • Airtel: 4% commission.
  • TV subscriptions:
    • Star Times: 2% commission.

What are the POS charges for Moniepoint in 2023?

The POS charges for Moniepoint in 2023 are the same as the charges listed above. However, it is important to note that these charges are subject to change. You can always check the Moniepoint website for the latest charges.

How much does POS agents charge per transaction?

POS agents typically charge a fee of N100-N200 per transaction. This fee is in addition to the charges that Moniepoint charges. So, for example, if you withdraw N10,000 from your bank account using a POS machine, you would be charged N50 by Moniepoint and N100-N200 by the POS agent.

How much can one make from POS daily?

The amount of money you can make from POS daily will vary depending on the number of transactions you process and the fees you charge. However, if you are able to meet your daily target of N50,000 in withdrawals, you can expect to make a profit of around N10,000-N20,000 per day.


In conclusion, embracing the Moniepoint POS machine presents a gateway to a more efficient and seamless cashless payment experience for businesses in Nigeria. By following the straightforward steps to acquire a Moniepoint POS machine, businesses can expand their payment options and cater to a diverse customer base, ultimately driving growth and success.

Understanding the transparent pricing structure, including charges for withdrawals, transfers, data purchases, and TV subscriptions, empowers businesses to make informed decisions based on their specific needs and budget. With various POS machine models available, ranging from the Lite to the Plus and Max versions, businesses can select the most suitable option that aligns with their requirements and preferences.

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