In this article, i will be showing you the various POS machines, their prices, and the requirements for each one of them
There are hundreds of POS companies in Nigeria. Some of them are Mobile money operators (MMOs) like Opay, Moniepoint, Kudi, Palmpay, NowNow, Baxi, Bankly, Flutterwave and others, some of them are individual companies while others are banks.
Want to get any of these POS today? chat me on whatsapp on 08101409501 or click here to chat me now
Below is POS prices and requirements in Nigeria
| S/N | POS NAME | PRICE (N) | Requirement |
| 1 | Opay mini | N8,500 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 2 | Opay traditional | N35,000 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 3 | Opay Android/Smart | N50,000 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 4 | Moniepoint POS | N10,000 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 5 | kudi POS | N20,000 | Valid ID card, NIN,Nepa bill and passport. Read full details HERE |
| 6 | Palmpay | N20,000 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 7 | Baxi mpos | N10,000 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 8 | Baxi android | N30,000 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 9 | Flutterwave | N10,000 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 10 | Bankly POS | FREE | Valid ID card, Nepa bill and passport. Read full details HERE |
| 11 | Paycentre | N14,000 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 12 | Surebanka | N10,000 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 13 | Accelerex POS | N10,000 | Valid ID card, Nepa bill and passport. Read full details HERE |
| 14 | NowNow | Valid ID card, Nepa bill and passport. Read full details HERE | |
| 15 | Firstmonie POS (By First bank) | FREE | Valid ID card, Nepa bill and passport. Read full details HERE |
| 16 | Surepadi POS (By Polaris bank) | FREE | Valid ID card, Nepa bill and passport, plus a current account with the bank. |
| 17 | Zenith Bank POS | FREE | Valid ID card, Nepa bill and passport, plus a current account with the bank. |
| 18 | Access Closa (By Access bank) | FREE | Valid ID card, Nepa bill and passport, plus a current account with the bank. |
| 19 | UBA POS | FREE | Valid ID card, Nepa bill and passport, plus a current account with the bank. |
| 20 | Union Bank POS | FREE | Valid ID card, Nepa bill and passport, plus a current account with the bank. |
| 21 | Heritage Bank POS | FREE | Valid ID card, Nepa bill and passport, plus a current account with the bank. |
| 22 | Stanbic Bank POS | FREE | Valid ID card, Nepa bill and passport, plus a current account with the bank. |
| 23 | GTBank POS | FREE | Valid ID card, Nepa bill and passport, plus a current account with the bank. |
| 24 | Itex POS | Valid ID card, Nepa bill and passport | |
| 25 | ECOSA POS | N25,000 | Valid ID card, Nepa bill and passport |
| 26 | Wema Bank POS | FREE | Valid ID card, Nepa bill and passport, plus a current account with the bank. |
What are the differences between Bank POS and other POS?
The difference between bank POS and other POS is that the charges on bank POS is usually more expensive than that of other POS like Opay, Moniepoint, Kudi and others.
Another difference is that most bank POS usually charge customer’s accounts and they also pay their agent’s commission at the end of the month instantly as other MMOs do.
Also, the requirement for getting bank POS is usually strict and involves opening a current account and other requirements and usually takes longer to get.
How much does it cost to get a POS from Bank?
it is FREE to get a POS machine from any bank in Nigeria.
How long does it take to get a POS from Bank?
It takes 1 week to 3 months to get a POS from any bank in Nigeria. This is due to the various processes and requirements involved. this includes providing 2 guarantors that have current accounts, bank staff visiting your location, opening a current account with the bank, and lots more
What do you need to get a POS from a Bank?
The following are what you need to get a POS from any bank, including first bank, Access bank, Polaris bank, UBA and others
- Valid ID card (either voter’s card, National ID card, International passport, and driver’s license)
- 2 to 4 passport photograph
- Recent utility bill (either of Nepa bill, waste management receipt, water bill or any other valid bill that shows your address)
- Current account with your bank
Other requirements you need to get POS from a bank
- 2 guarantors (that have current account with any bank in Nigeria)
- A physical address for the business
How do i get POS from bank?
To get a POS from any bank in Nigeria, walk into any local branch and ask for an Account officer or Operations manager, and ask that you want to get a POS machine from them. They will inform you of what you need to do to get it (which are the things i have stated above).
Which bank POS Is the best?
The best bank POS is first bank POS, zenith bank POS, and Access bank POS. Though each bank has its own disadvantage, but those are the best for bank pos. it is better to get a POS from MMOs like Opay, Moniepoint, Kudi, and others as they are more reliable than bank POS.
Conclusion
Hope I have been able to answer all your questions as regards POS prices and requirements in Nigeria. In case you have any further question, please leave it in the comment box below and i will definitely answer or chat me on whatsapp on 08101409501 <<<<CLICK HERE TO CHAT ME ON WHATSAPP>>>>
Want to get this POS today? chat me on whatsapp on 08101409501 or click here to chat me now
Here are some alternative POS you can get instead of Bank POS
- Opay POS (Get it fast and other details)
- Kudi POS (Get it fast and other details)
- Flutterwave POS (Get it fast and everything you need to know)
- Moniepoint POS (Get it fast and other details)
