Are you considering investing in a POS machine for your business in Nigeria? But before you make a decision, have you ever wondered about the price range of POS machines in the country? How much do they really cost? Well, get ready to discover the truth behind POS machine prices in Nigeria!
In Nigeria, POS machines have become an essential tool for businesses conducting cashless transactions. But, the price of these machines can vary significantly. From under 10,000 NGN to over 550,000 NGN, the cost range is quite extensive.
So, why such a wide gap in prices? What factors contribute to the variation? And more importantly, where can you find the best deal? Keep reading as I unveil everything you need to know about POS machine prices in Nigeria. Get ready to make an informed decision that fits your budget and business needs!
Types of POS Machines in Nigeria
In Nigeria, there are three types of POS machines commonly available: mini POS machines, traditional POS machines, and Android POS machines.
Mini POS machines are compact and handheld devices that provide convenience in accepting payments. However, they do not have the capability to print receipts. To function properly, mini POS machines require a phone for support.
Traditional POS machines are widely used and popular among businesses in Nigeria. They are user-friendly and suitable for those new to the POS business. With their reliable performance, traditional POS machines can efficiently process transactions and print receipts.
Android POS machines offer a sleek and modern solution for businesses. Featuring a touchscreen interface, these machines provide a smooth user experience. However, they are typically more expensive compared to mini and traditional POS machines.
When considering a POS machine for your business, it is essential to evaluate the features and prices of each type. Depending on your needs and budget, you can choose between the compact convenience of a mini POS machine, the reliability of a traditional POS machine, or the sophistication of an Android POS machine.
Differentiating the Types of POS Machines in Nigeria:
| POS Machine Type | Description |
|---|---|
| Mini POS Machine | Compact and handheld |
| Traditional POS Machine | Widely used and user-friendly |
| Android POS Machine | Sleek and touchscreen interface |
Best POS Machines with Low Charges in Nigeria
In Nigeria, there are several POS machines that offer low charges for transactions. These machines provide cost-effective solutions for businesses looking to streamline their payment processes. Let’s explore some of the top POS machines in Nigeria with low charges:
1. Bankly POS Machine
The Bankly POS machine is a reliable option with affordable transaction fees. It has a cost of 15,000 NGN and charges 0.3% for withdrawals and a flat fee of 35 NGN for transfers.
2. Opay POS Machine
The Opay POS machine offers three options: Android, Traditional, and Mini. The Android POS machine costs 60,000 NGN, the Traditional POS machine costs 45,000 NGN, and the Mini POS machine costs 10,000 NGN. Transaction charges range from 0.5% to flat fees based on the transaction amount. This allows businesses to choose the most suitable option based on their needs and budget.
3. Kudi/Nomba POS Machine
The Kudi/Nomba POS machine is another popular choice in Nigeria. It has a cost of 20,000 NGN and charges ranging from 0.5% to flat fees based on the transaction amount.
4. Kolomoni POS Machine
The Kolomoni POS machine offers an affordable onboarding fee of 15,000 NGN. It charges ranging from 0.55% to flat fees based on the transaction amount.
5. Dataway POS Machine
The Dataway POS machine is free, with a caution fee of 10,000 NGN. It offers competitive charges ranging from 0.5% to flat fees based on the transaction amount.
These POS machines provide excellent value for businesses in Nigeria by offering low charges and efficient payment solutions.
Check out the table below for a quick comparison of the best POS machines with low charges in Nigeria:
| POS Machine | Cost (NGN) | Withdrawal Charges | Transfer Charges |
|---|---|---|---|
| Bankly POS Machine | 15,000 | 0.3% | 35 NGN |
| Opay POS Machine (Android) | 60,000 | 0.5% to flat fees | Based on transaction amount |
| Opay POS Machine (Traditional) | 45,000 | 0.5% to flat fees | Based on transaction amount |
| Opay POS Machine (Mini) | 10,000 | 0.5% to flat fees | Based on transaction amount |
| Kudi/Nomba POS Machine | 20,000 | 0.5% to flat fees | Based on transaction amount |
| Kolomoni POS Machine | 15,000 (Onboarding fee) | 0.55% to flat fees | Based on transaction amount |
| Dataway POS Machine | Free (Caution fee: 10,000 NGN) | 0.5% to flat fees | Based on transaction amount |
These POS machines offer a range of options to suit different business requirements and budgets. With low charges and efficient functionality, they are ideal for businesses looking to enhance their payment processes in Nigeria.
More POS Machines with Low Charges in Nigeria
Continuing our exploration of POS machines with low charges in Nigeria, let’s take a look at some additional options that offer affordability and convenience for businesses.
Moniepoint POS Machine
The Moniepoint POS machine is a popular choice among Nigerian business owners. With a cost of 21,500 NGN, it offers competitive charges ranging from 0.5% to flat fees based on the transaction amount. This makes it an attractive option for small and medium-sized enterprises looking to minimize transaction costs while ensuring smooth cashless operations.
Palm Pay POS Machine
Palm Pay offers two options for POS machines in Nigeria: the Traditional model priced at 20,000 NGN and the Android model priced at 30,000 NGN. Both options come with charges ranging from 0.4% to flat fees based on the transaction amount. Whether you prefer a more conventional POS machine or the convenience of an Android device, Palm Pay has you covered.
Baxi POS Machine
If you’re looking for versatility, the Baxi POS machine offers Android and Mobile options. The Android POS machine is priced at 30,000 NGN, while the Mobile POS machine costs 10,000 NGN. With charges ranging from 0.55% to flat fees based on the transaction amount, Baxi provides an affordable solution for businesses of all sizes.
Paga POS Machine
The Paga POS machine is another reliable choice with a cost of 30,000 NGN. Businesses can benefit from charges ranging from 0.55% to flat fees based on the transaction amount. With its user-friendly interface and robust features, the Paga POS machine enables seamless transactions and helps drive business growth.
Flutterwave POS Machine
Flutterwave offers two POS machine options in Nigeria: Android and Mobile. The Android POS machine is priced at 10,000 NGN, while the Mobile POS machine is available for free. With charges of 0.6% for withdrawals and flat fees based on the transaction amount, Flutterwave provides an accessible and cost-effective solution for businesses seeking a reliable payment processing system.
As you can see, the Nigerian market is filled with various POS machine options that cater to different business needs. Whether you choose the Moniepoint POS machine, Palm Pay POS machine, Baxi POS machine, Paga POS machine, or Flutterwave POS machine, you can enjoy the benefits of low charges while streamlining your cashless transactions.
Conclusion
In conclusion, when it comes to POS machines in Nigeria, there is a wide range of options available with low charges. When making your decision, it is crucial to consider factors such as the cost of the machine, transaction charges, and the features that each POS machine offers.
Some of the popular and affordable POS machines in Nigeria include the Opay POS machine, Bankly POS machine, Moniepoint POS machine, and Palm Pay POS machine. These machines provide reliable and efficient solutions for businesses looking to embrace cashless transactions.
To ensure that you find the best POS machine for your specific needs, it is recommended to conduct thorough research and compare prices, charges, and features offered by different providers. By doing so, you can make an informed decision that will enhance the efficiency of your business operations while keeping costs affordable.
By choosing the right POS machine for your business, you can facilitate cashless transactions and streamline your day-to-day operations. So, take the time to explore the options available and find the best POS machine that aligns with your specific requirements in Nigeria.
FAQ
What factors should I consider when looking at the cost of POS machines in Nigeria?
When considering the cost of POS machines in Nigeria, it’s important to take into account factors such as brand new or used condition, the type of POS machine (mini, traditional, or Android), and the features offered.
What are the types of POS machines available in Nigeria?
There are three types of POS machines commonly available in Nigeria: mini POS machines, traditional POS machines, and Android POS machines.
What are the features and prices of each type of POS machine in Nigeria?
Mini POS machines are compact and handheld but do not have the capability to print receipts. Traditional POS machines are easy to use and suitable for those new to the POS business. Android POS machines are sleek, feature a touchscreen, and offer a smooth user experience. The prices of each type vary, with Android POS machines being more expensive compared to the other types.
What are some POS machines in Nigeria that offer low charges for transactions?
Some POS machines in Nigeria that offer low charges for transactions include the Bankly POS machine, Opay POS machine, Kudi/Nomba POS machine, Kolomoni POS machine, and Dataway POS machine.
Are there more POS machines in Nigeria with low charges for transactions?
Yes, there are more POS machines in Nigeria with low charges for transactions, such as the Moniepoint POS machine, Palm Pay POS machine, Baxi POS machine, Paga POS machine, and Flutterwave POS machine.
With the right POS machine, you can facilitate cashless transactions and improve the efficiency of your business operations in Nigeria.
