First, let’s start with the full meaning of (POS) which is Point of Sale. the introduction of this device has become increasingly popular in Nigeria as more businesses are adopting the cashless payment policy method adopted by the (CBN) central bank of Nigeria. In this blog post, we will find out the best POS machines, the cost, and where to buy them in Nigeria.
How Much is POS Machine in Nigeria?
The price of POS machines in Nigeria varies depending on the brand, model, and features of the machine. Generally, POS machines can cost anywhere from ₦30,000 to ₦200,000 or more. Some of the factors that can influence the cost of a POS machine include:
- Brand: There are several brands of POS machines available in Nigeria, including Verifone, Ingenico, Pax, and more. The brand you choose can impact the cost of the machine.
- Model: POS machines come in different models, each with varying features and capabilities. More advanced models can cost more than basic ones which always come with the best battery durability.
- Connectivity: POS machines can connect to the internet via Wi-Fi, GPRS, or Ethernet. Machines that offer multiple connectivity options can be more expensive.
- Accessories: Some POS machines come with accessories such as receipt printers, barcode scanners, and cash drawers. Machines with more accessories can cost more.
Where to Buy POS Machines in Nigeria?
There are several places where you can buy POS machines in Nigeria. Here are some of the most popular options:
- Banks: Most banks in Nigeria offer POS machines to their customers. You can contact your bank to inquire about their POS offerings and how to get one.
- Online Stores: You can buy POS machines from various online stores in Nigeria such as Jumia, Konga, and Jiji. These stores offer a wide variety of machines from different brands and at different price points.
- POS Vendors: There are several vendors and distributors of POS machines in Nigeria. These vendors specialize in selling and servicing POS machines and can provide you with more personalized assistance and support.
Best POS machine in Nigeria
There are several POS machine brands available in Nigeria, each with different features and capabilities. Below are some of the best POS machines in Nigeria based on popularity and customer recent reviews:
Moniepoint POS machine
Moniepoint is a popular brand of POS machine in Nigeria. It is widely used by small and medium-sized businesses to accept various forms of payment such as debit and credit cards, QR codes, and mobile payments.
The Moniepoint POS machine is affordable, easy to use, and offers fast transaction processing. It features a large color screen, long battery life, and multiple connectivity options such as 3G, Wi-Fi, and Bluetooth. The Moniepoint POS machine also comes with a user-friendly interface, making it easy for both business owners and customers to use.
Paga POS Machine
Paga is a mobile payment platform that offers various payment services such as bill payments, money transfers, and mobile airtime recharge. The company also provides a POS machine known as the Paga Agent.
The Paga Agent POS machine is a handheld device that allows businesses to accept various forms of payment such as debit and credit cards, QR codes, and mobile payments. It offers fast transaction processing, long battery life, and multiple connectivity options such as 3G, Wi-Fi, and Bluetooth.
The Paga Agent POS machine also comes with a user-friendly interface that makes it easy for business owners and customers to use.
Baxi Box POS
Baxi Box is a brand of POS machine that is popular in Nigeria. It is a portable and affordable device that enables businesses to accept various forms of payment such as debit and credit cards, QR codes, and mobile payments. The Baxi Box POS machine is easy to use and comes with a user-friendly interface that makes it simple for both business owners and customers to use.
It features a long battery life and multiple connectivity options such as 3G, Wi-Fi, and Bluetooth. The Baxi Box POS machine is also equipped with security features such as EMV compliance, PIN verification, and real-time transaction monitoring, which ensures that transactions are secure and protected from fraud.
Firstmonie POS machine
Firstmonie is a financial technology platform that provides various digital financial services such as mobile money, bill payments, and money transfers. The platform also offers a POS machine known as the Firstmonie POS.
The Firstmonie POS machine is a handheld device that allows businesses to accept various forms of payment such as debit and credit cards, QR codes, and mobile payments. It features a large color screen, long battery life, and multiple connectivity options such as 3G, Wi-Fi, and Bluetooth.
The Firstmonie POS machine also comes with a user-friendly interface that makes it easy for business owners and customers to use.
Access Closa Agent’s POS
Access Closa Agent’s POS is a type of POS machine offered by Access Bank, one of the leading banks in Nigeria. The POS machine is a portable device that allows businesses to accept various forms of payment such as debit and credit cards, QR codes, and mobile payments.
It is equipped with advanced security features such as EMV compliance, PIN verification, and real-time transaction monitoring, which ensures that transactions are secure and protected from fraud.
How To apply for the Access Closa Agent’s POS machine
To apply for Access closa pos machine, first, you need to visit any Access Bank branch close to you and submit an application. You will need to provide some personal and business information, such as your name, address, business type, and expected transaction volume. Access Bank will then review your application and assess your eligibility for the POS machine.
Once your application is approved, you will receive the Access Closa Agent’s POS machine and training on how to use it effectively. You will also receive ongoing support from Access Bank to ensure that you can use the device smoothly and efficiently.
Polaris Bank POS Machine
Polaris Bank is a financial institution in Nigeria that provides various financial services to its customers. One of the services it offers is the Polaris Bank POS machine, which is a handheld device that enables businesses to accept electronic payments such as debit and credit cards, QR codes, and mobile payments.
The Polaris Bank POS machine is easy to use and comes with a large color screen, long battery life, and multiple connectivity options such as 3G, Wi-Fi, and Bluetooth. It also features security features such as EMV compliance, PIN verification, and real-time transaction monitoring, which ensures that transactions are secure and protected from fraud.
To apply for the Polaris Bank POS machine, you must have an active business account with the bank. You can then visit any Polaris Bank branch and request the POS machine application form. You will be required to provide your business details and other relevant information.
After submitting your application, the bank will review it and if approved, you will be contacted to pick up the POS machine.
Conclusion
With the above reviews and explanation, you will now understand that the cost of POS machines in Nigeria varies depending on several factors such as brand, model, and features. When choosing a POS machine, it’s important to consider your business needs and choose a machine that best meets those needs while fitting your budget. Thanks for reading, kindly share with others, especially small businesses.
