Palmpay is one of the most popular and cheapest POS with great pricing in the POS market in Nigeria.
How much is Palmpay POS (Cautionary fee)
Palmpay will only charge you N20,000 as a cautionary fee for you to get the POS from them. This cautionary fee is so that you won’t damage the POS. Paying this fee does not mean you have bought the POS. Because if you did not perform up to expectation, they will collect the POS back from you and if the POS is still in good condition, they will return your initial payment of N20,000 automatically to you
Does palmpay have android POS
Yes Palmpay POS is an android POS as seen below
Can i connect Palmpay POS to hotspot
Yes you can connect Palmpay POS to hotspot
How long will it take you to get a Palmpay POS
Usually it can take between 1 week to 1 month to get a Palmpay POS. And you might not get it at all. There’s no target on this POS at the moment
What is the charges on Palmpay POS?
Palmpay charges 0.5% on withdrawal and N10 on average on every deposit of any amount
This means you will be charged N5 on every N1000 you withdraw for a customer and you will be charged N20 to transfer any amount whether on the POS or on their web platform
That means if you withdraw as follow
N1000 charges is N5
N2000 charges is N10
N3000 charges is N15
N4000 charges is N20
N5000 charges is N25
N6000 charges is N30
N7000 charges is N35
N8000 charges is N40
N9000 charges is N45
N10,000 charges is N50
N11,000 charges is N55
N12,000 charges is N60
N13,000 charges is N65
N14,000 charges is N70
N15,000 charges is N75
N16,000 charges is N80
N17,000 charges is N85
N18,000 charges is N90
N19,000 charges is N95
N20,000 charges is N100
Any amount above N20,000 charges is N100 (even though it is N600,000)
How to become a Palmpay Agent
To become an agent, You can also contact me on whatsapp on 08137820379 for assistance on the application (whatsapp only).
Start your application here https://bit.ly/Getpalmpaynow
What do i need to apply for a Palmpay POS
All you need is your ID card (whether national ID card, Driver’s license, Voter’s card or international passport), Nepa bill, and passport photograph. These plus a cautionary fee of N20,000 is what you need to get the POS. As i have said earlier, your N20,000 will be refunded if you decide to return the POS as long as the POS is in good condition.
The following documents will be required
- A verified Identity card such as International Passport, National ID Card, or Voters Card
- Utility Bill (Nepa Bill)
- Business License (For Registered business only)
- Valid BVN
- Valid Account Number
- Statement of account with 3 million in monthly turnover
Other details you will need to apply for Palmpay POS
- First name
- last name.
- Date of birth.
- The gender.
- Email address.
- Phone number.
- Mother maiden name.
- Two address line.
- Country and city.
Why does Palmpay ask for your BVN
The Bank Verification Number is used to confirm that your personal information submitted is valid for proper KYC documentation as required by the CBN
How do I contact Palmpay customer care if i have any issue
They have one of the most responsive customer support in agency banking. You can reach their customer service via call or chat the via the app
Here is how to contact Palmpay customer care
You can reach their support team through the following support channels
- Call: 017005700
- Email: [email protected]
- Available time to reach customer service:
- Monday-Friday 8am to 7pm
- Saturdays and National Holidays 10am to 4pm
- Office address: 20 Opebi rd. Ikeja. Lagos.
How do i log complain on the Palmpay POS or platform
- You can chat with palmpay live via the app;
- Launch the PalmPay App
- Tap the burger menu in the top left corner of your home screen and click on ‘Customer Service’
- Tap ‘Live Chat’
- You will be connected to a PalmPay customer service representative shortly
How do I access my dashboard on Palmpay
You can access your dashboard via your Palmpay partner app which you can download on playstore
What are the things you can do on a Palmpay POS machine
here are some services you can do on a Palmpay POS
- Cash withdrawal
- Fund Transfer
- Payment of Utility Bills
- Check customers account balance with their ATM
Can Palmpay POS check account balance for a customer ATM
You can now use Palmpay POS to check customers account balance using the customer ATM card. Most customers will want you to help them check their balance for them to know how much is in their account before they withdraw. So you can do that on your Palmpay POS
How much commission does Palmpay give on services
Here are the commissions Palmpay will pay you as an agent when you buy airtime, or pay for Tv subscription for a customer or pay electricity bill for customers
MTN 3% commission
Glo 4% commission
Etisalat 4.5% commission
Airtel 4% commission
FOR TV Subscription.
DStv 2% commission.
GOgtv 2% commission.
PHCH 2% commission.
Startime 2% commission.
How do i upgrade my KYC level on Palmpay
You can upgrade your kyc level from level 1 by clicking on the Human icon at the bottom of page of your Palmpay app or watch this video to see how
How to fund Palmpay account
Sometimes, you might be out of money on your Palmpay POS and you have a customer that wants to do deposit. The next thing you need to do is to fund your Palmpay account. Here’s how to do that
Your palmpay account number is your PHONE NUMBER the one you use to create your palmpay account but you will remove the first ‘0’ in the number. For example if your mobile number is 08137820379, your palmpay account number will be 8137820379.
You will go to your bank mobile app to do transfer, just the way you do transfer to your friends on your bank app(for any bank you are using) when you want to select bank, chose PALMPAY and put your phone number without the first ‘0’
How secure is Palmpay POS and where is Palmpay head office
Palmpay is licensed by the central bank of Nigeria (CBN), they have several high level licenses that includes the MMO license which authorise them to carry out agency banking services. You can visit Palmpay office at number 20 Opebi rd. Ikeja. Lagos, Nigeria. And most often they usually staffs in every state.
Does Palmpay POS support all ATM card
You can use any ATM type on the POS including Mastercard, Verve and Visa cards. Currently, only debit cards, credit card payments are not yet supported.
What is the maximum amount i can transfer on Palmpay
They have two account tiers:
– Tier 1 has a transaction limit of ₦50,000 and balance limit of ₦300,000
– Tier 2 has a transaction limit of ₦200,000 and a balance limit of ₦500,000
You can upgrade by verifying your bank account using the profile screen.
What is the maximum amount i can withdraw on Palmpay
Daily transaction limit of N2,000,000
Monthly transaction limit of N12,000,000
Why do so many people like Palmpay POS
People like Palmpay POS because they are
- Low pricing and fair commission
- Excellent network reliability
- instant settlement
- Great customer support and constant network update
Does Palmpay have a mobile app
Palmpay have a mobile app that you can download on playstore. Just visit playstore and type Palmpay or click here to download the app now https://bit.ly/Getpalmpaynow
if you want to read my article on how to get Opay POS fast click here