How To Get A Moniepoint POS Machine In Nigeria – 2023
Are you looking for how to get a Moniepoint POS machine? You’re not alone.
In Nigeria today, businesses are looking for new ways to make payment smoother for their customers.
One solution to this is the use of Point of Sale (POS) machines.
Moniepoint is a fintech company that provides POS machines to businesses looking to make life easier for themselves and their customers.
In this article, I will also talk about why you should choose a Moniepoint machine over others.
I will also discuss the eligibility requirements, application process, and cost of getting a Moniepoint POS machine.
By the end, you will have a comprehensive understanding of how to obtain a Moniepoint POS machine.
Let’s dive into it.
Six (6) Reasons Why Moniepoint POS machine is a Great Choice.
Here are 6 reasons why you should choose a Moniepoint POS machine over others.
- Accepts all cards
- Has a legit website
- POS is easily accessible
- Ease-of-use
- Issues more than one POS machine
- High-Profit Margins
Accept all card payments.
Moniepoint POS machines accept every card payment; Mastercard, Verve, or Visa. Whatever your customers bring is good to go.
It also accepts cards issued by digital banks like Kuda, and Fairmoney. This makes it super convenient.
While many POS machines accept many cards, not every one of them is as flexible as Moniepoint.
This indiscriminate acceptance of all cards leads to increased customer satisfaction and loyalty.
High-Performing Website
Moniepoint has a very high-functioning website where you can contact them for any problem you have with your POS machine.
The accessibility of their customer care makes this company a great one to do business with.
Even without assistance you can visit their Help Center and get your problem fixed.
Added to a community of POS agents like yourself
When you become a POS agent you’ll get access to a Whatsapp group that has been created extensively to help every POS agent in the country.
You will get access to any discount that is made available by Moniepoint in the group. You will also get up-to-date news that will keep you ahead in the POS business.
If you are somebody who likes to interact with other people in a place. You will find the group extremely helpful.
Ease of Use
Moniepoint ranks 2nd in the list of best POS machines in Nigeria.
Not only does their Android POS machine offer amazing features, but it is also super easy to use.
With no glitches, smooth operation, and a great network service you can’t go wrong with a Moniepoint POS machine.
High-Profit Margins
The cost of transactions with a Moniepoint POS machine is reasonable compared to others.
You also receive your earnings when you want as opposed to some POS machines that require you to wait till the month’s end.
Who is Eligible for Becoming a Moniepoint POS Agent?
Everybody above 18 is eligible for becoming a Moniepoint POS Agent, but you must have a valid BVN and an active bank account.
You also need to own an Android phone as the Moniepoint app is not available for iPhone users.
Required Documents for Becoming a Moniepoint POS Agent.
- Business bank account, or an active individual account if your business is not registered.
- Valid ID such as a driver’s license or passport.
- Proof of address, such as a utility bill.
- Valid BVN
- Account Number, and
- Valid email address
If all this is available, you’ll be required to fill out an application form.
The company will then review your application before approving your request for a POS machine.
It’s important to note that the specific requirements for getting a Moniepoint POS machine may vary depending on your location and other factors.
Also See: How to Start POS Business in Nigeria – Become a POS Agent in 2023
How to Apply for a Moniepoint POS machine

There are two ways you can get a Moniepoint POS.
- Visit their office wherever you are in Nigeria, and
- Visit their website.
If you choose to visit their office in your location, visit the official Moniepoint website moniepoint.com.
Scroll to the bottom of the page. You’ll find addresses of where they have offices in Nigeria.
To simplify matters, contact their customer care and ask them where their offices are in your state.

Moniepoint has offices in 36+ locations in Nigeria.
State | Address |
Abia | 3rd-floor slot building, 1 Ohafia street |
Abuja | No 22, Ajase Street, Wuse 2, Abuja Municipal Area Council |
Adamawa | Mubi Road Beside First Bank Jimeta |
Akwa Ibom | No 2, Ikot Ekpene Road, Uyo |
Bauchi | 5 Banks Rd, 740222, Bauchi |
Bayelsa | 31 Imbi road Amarata Yenagoa Bayelsa state |
Benue | 73, Iorcha Ayu Road, Wurukum, Makurdi |
Cross River | 25/27 Murtala Muhammad highway, Calabar municipal |
Delta | 255 Warri-Patani Road |
Edo | 53 Mission Rd, Use 300102, Benin City |
Ekiti | Ago Plaza, Along Oba Aldesannmi way, Ajilosun, Ado-Ekiti, Ekiti state |
Enugu | 2B O’Connor St, Achara 400102, Enugu |
Gombe | Adamu Fura House, Adjacent Ecobank, Bui Road, Gombe |
Imo | 27 Kagha street, Owerri |
Jigawa | Hadejia LG Maje Road, Nguru Road |
Kaduna | No. 16 Muhammadu Buhari Way, adjacent to Bank of Industry, City Centre 802125, Kaduna, Nigeria |
Kano | 29 Sokoto RdNassarawa 700213, Kano |
Katsina | Kurfi House No.193 2nd Floor. IBB Way, Katsina |
Kogi | Obason plaza opposite IDRINANA HOTEL phase 2 Lokoja Kogi State |
Kwara | 14, Station Road G.R.A, Ilorin |
Lagos East 2 | Blossom J Mall, Km 37 Lekki Epe Exp. Ibeju Lekki, Lagos |
Lagos west | 86 Allen Avenue |
Nasarawa | Besides the presidential lodge off Shendam road, Lafia Nassarawa state. |
Niger | Turke house, before FRSC |
Ogun | Moyo House, Beside Ibara Police station, Omida, Abeokuta |
Ondo | No 40 Suit A,2nd Floor, beside First Baptist Church, Oba-Adesida Road, Akure. |
Osun | 53, Station Road, Ola Adura Plastic Building, Osogbo, Osun State |
Oyo | 42, Keneth Dike way, Secretariat Rd, OGC building, Favos junction, Bodija Ibadan |
Plateau | 5 Bauchi Rd, Jos |
Rivers | Oklen Suites. N0 1 Evo Road, GRA phase 2, Port Harcourt. |
Sokoto | Besides Fire Service Station Arkilla low-cost Sokoto state |
Taraba | 2nd-floor HANNY’S opposite Jalingo main motor park along Jalingo-Yola road |
Zamfara | Trust fund house |
If your location is absent from the ones listed above then it’s best you apply for the POS machine online. This is very convenient and easy.
Visit the official Moniepoint website, www.moniepoint.com, scroll to the bottom of the page, and find the POS TERMINAL option.

When you land on the page, scroll to the footer or the bottom and you’ll find the POS option.
Click on the POS button and you’ll be taken to a page where you will create an account.
There are 4 stages to cross when you get to this point.
1st Input your number and your email address on a form.
2nd Receive a 6-digit One-Time Password to verify your number.
3rd Input your BVN and your date of birth on a form.
4th Create a username and a password for your account.
After the 4th stage, you will be asked to provide your KYC information. This is your personal and business information.

Fill in all the required fields and submit the form.
After submitting your application, wait for a response from Moniepoint.
A representative from the company will contact you for additional information or to schedule a meeting.
Depending on your location and business type, Moniepoint may require additional documents to complete your application.
Promptly provide all the necessary documents to avoid delays in the application process.
Once your application is complete, Moniepoint will review it and determine whether to approve your request for a POS machine.
If approved, you’ll receive instructions on how to set up and use the POS machine.
Related posts:
- How To Apply for OPay POS Machine in Nigeria (2023)
- How to Get Paga POS Machine in Nigeria. (The Best Way 2023)
- 10 Best Bank POS In Nigeria – 2023 Ultimate Guide
How Long Does It Take to Apply and Acquire a Moniepoint POS Machine?
The application process for a Moniepoint POS machine takes a few minutes to complete online. Acquiring it takes as much as 48 hours+.
How quickly you apply and acquire a Moniepoint POS machine depends on your location, availability, and verification process.
How Much Does Moniepoint Cost and Charge in Nigeria?
It costs N21500 to get a Moniepoint POS machine.
The ₦21,500 covers a ₦10,000 caution fee, ₦10,000 logistics fee, and ₦1,500 insurance fee for 1 year.
This cautionary fee is to make sure the POS machine is safe with you.
Return the POS machine in good form within one year, and get this cautionary fee back.
Moniepoint withdrawal charges
- For withdrawals of N1 – N20,000 Moniepoint charges only 0.5% of the transaction amount.
- You’ll get charged a flat rate of N100 for transactions above N20,000.
- N20 for transfers.
- You’ll get commissions for Data top-ups from as low as 3% to as high as 4.5%.
- All utility bill payment gets you 2% commissions.
Here is how to calculate Moniepoint charges
Visit Google and give this prompt:
“What is 0.5% of 20,000?” If the transaction is 20,000.
Google will provide you with a fast, correct answer.
The correct answer to this one is 100. For every transaction above N20,000, you will be charged N100.
Moniepoint Daily Target 2023 and Moniepoint transaction limit
These are the conditions you have to meet each day, except Sundays for working with Moniepoint.
- A minimum of N80,000 withdrawal value daily
- You need 4 counts of deposits per day
Training and Installation
If you’ve been able to use any POS machine in the past, then this one is no different.
The Moniepoint POS machine is even easier to use when compared to others. The android system is easy to navigate even for a non-tech person.
All you have to do is to follow the instructions. Back means back and transfer means transfer.
You can also find a learning space on the Moniepoint official website.
Visit the site at www.moniepoint.com, then scroll down to the footer or bottom of the page.

Usage and Troubleshooting
Moniepoint does not offer the option of getting your POS machine fixed or serviced but they do have a robust customer care service that is there to help you through whatever problem you face.
The machine is really durable so there is hardly any chance of it having any problems unless it is violently manhandled.
Two ways you can log a complaint to Moniepoint
Moniepoint has an Help Center that is designed to answer the most recurring POS questions. It’s vigorous and covers a lot of things.
- Reach them at their email address here: [email protected], or via
- Facebook here Moniepoint Facebook.
- Twitter at @moniepointng.
- LinkedIn here at Moniepoint LinkedIn, and
- Instagram here at Moniepoint Instagram
You can also call 01 888 9990 to speak to a customer care representative.
Moniepoint customer care WhatsApp number
Moniepoint does not have a WhatsApp customer support number at this time. But the Whatsapp group will be made accessible to you if you become one of their agents.
If you need assistance with any of Moniepoint’s products or services, you can visit their website and reach them via their email, call centers, or through their social media handles.
They are available 24/7
FAQS: How To Get A Moniepoint POS Machine
Is Moniepoint approved by CBN?
Yes, Moniepoint is approved by the Central Bank of Nigeria (CBN). Moniepoint is a licensed payment service provider in Nigeria, regulated by the CBN, and authorized to operate payment services in Nigeria.
Moniepoint is London-based.
Which bank owns Moniepoint POS
Moniepoint was founded by AbdulRahman, in 2019 to give access to the unbanked through a simple mobile app downloaded on your phone.
Moniepoint has now evolved to become a juggernaut business bank.
Is Moniepoint legit?
Yes, Moniepoint is legit. It is one of the strongest distribution networks for financial services.
In 2021, Moniepoint became the leading agency banking solution in Nigeria, processing up to $7 billion in transactions each month.
Moniepoint employs data encryption, two-factor authentication, and fraud prevention tools to protect its users’ information and transactions.
Does Moniepoint offer commissions?
As part of its services, Moniepoint offers commissions to its partners who make payments for utilities with their services.
The commission rates and terms of the referral program vary depending on the specific agreement between Moniepoint and its partners.
Does Moniepoint ask for your BVN?
Yes, they do. if you are setting up a business or individual account with Moniepoint, they will run some compliance checks as required by law.
They’ll ask you to verify your identity using your Bank Verification Number (BVN).
Why Does Moniepoint Ask for Your BVN?
The initiative put in place by the Central Bank of Nigeria is a measure to protect a customer’s account from unauthorized access and reduce fraudulent activities.
Your BVN helps financial organizations run checks from the BVN registry to make sure you are who you say you are.
While they have your BVN, it is unlawful to share this information with any third party. And they have no access to your bank accounts.
How much does Moniepoint charge for N10k?
Moniepoint charges 0.5% for withdrawals of N10,000. That is N50 for every N10k transaction.
N50 for every N10,000 deposit.
If you make a transfer of N10,000, Moniepoint charges a flat rate of N20
You’ll receive a commission of 2% if you purchase data or a Utility bill worth N10,000
Before you go…
Congratulations! You have just learned how to apply for a Moniepoint POS machine in a few simple steps.
With this device, you’ll easily accept payments from customers who prefer card transactions.
No more missed opportunities because of the inability to accept card payments.
Just follow the steps outlined in this article and you are good to go.
RELATED POSTS: