Which POS machine has the lowest charges in Nigeria?
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The POS machine with the lowest charges in Nigeria right now is Moniepoint, especially for agents handling daily transactions above ₦50,000. Their charges are fixed, reliable, and widely accepted by customers and vendors. I have two friends running POS shops in Warri and Lagos — both switched from ORead more
The POS machine with the lowest charges in Nigeria right now is Moniepoint, especially for agents handling daily transactions above ₦50,000. Their charges are fixed, reliable, and widely accepted by customers and vendors.
I have two friends running POS shops in Warri and Lagos — both switched from Opay and Palmpay to Moniepoint because of its flat fee system and better dispute resolution when bank issues happen.
Here’s a breakdown of the lowest-charge POS machines in Nigeria as of 2025:
1. Moniepoint POS
₦20 flat charge for withdrawals between ₦1 – ₦20,000
Transfers cost between ₦10 – ₦20 depending on amount
Instant settlement, even on weekends
POS device cost: ₦21,500 (one-time fee)
2. Opay POS
0.5% per withdrawal (capped at ₦100 for ₦20k and above)
Transfers: ₦10 flat fee
Good user interface and cashback offers
POS is harder to get now unless you have a business account with them
3. Palmpay POS
0.5% on withdrawals (capped at ₦100)
Transfer fee: ₦10
Fast settlements, reliable terminal
POS cost: Around ₦30,000
4. Baxi (Now Moneypoint Baxi)
0.55% per withdrawal, ₦25–₦50 on transfers
Flexible options but not as cheap as Moniepoint for bulk transactions
POS cost: Varies based on agent level
If you’re doing small withdrawals (under ₦5k), Opay and Palmpay might look cheaper short term. But for agents doing ₦20k and above per customer, Moniepoint always wins on charges.
Blunt advice: Don’t just look at the withdrawal fee. Also check transfer charges, reversal support, and uptime. Moniepoint still remains the most stable and cheapest POS overall for daily agents in 2025.
Need help getting one or comparing which is easier to apply for? Let me know your location and I’ll tell you which one is fastest to get.
See lessAs of 2025, here’s a breakdown of POS providers with the lowest transaction charges in Nigeria: 1. Moniepoint Charges: ₦6.20 flat fee per transaction (₦1 – ₦20,000) Not percentage-based, so you save more as the amount increases. Best for high-volume agents. 2. Baxi Box (Now Moneypoint) Charges: ₦10Read more
As of 2025, here’s a breakdown of POS providers with the lowest transaction charges in Nigeria:
1. Moniepoint
Charges: ₦6.20 flat fee per transaction (₦1 – ₦20,000)
Not percentage-based, so you save more as the amount increases.
Best for high-volume agents.
2. Baxi Box (Now Moneypoint)
Charges: ₦10 for transfers below ₦5,000
Slightly higher for larger transfers but still cheaper than most others.
3. Opay
Charges: 0.5% per withdrawal (capped at ₦100)
Transfers cost ₦10 flat.
Easy onboarding and instant settlement.
4. PalmPay
Charges: 0.5% per withdrawal (also capped at ₦100)
Offers bonus cashback and lower rates for high performers.
5. Kuda POS (If you find)
Still running pilot in some areas. Charges can be as low as ₦5 per transfer.
Conclusion:
See lessIf you’re focused on high-volume low-fee transactions, Moniepoint is still the king for lowest overall charges. But if you want ease of use and flexibility, Opay gives good balance between low fees and fast network.