POS Machines

Cheapest POS Charges List in Nigeria 2022

POS business is one of the booming businesses in Nigeria right now.

We recently covered articles on the best POS machines you can find in Nigeria today. And also covered challenges facing the POS business in Nigeria including how to overcome the challenges; in that article, you will also find the most common POS dispense error messages, reasons for failed POS transactions and what to do after you’re debited for a failed POS transaction – the article has answers to your concerns as regards POS.

In this article, we will be talking about some of the cheapest POS in terms of prices; that is, based on the actual price of the POS and then we will talk about the cheapest in terms of the charges on withdrawals and transfers.

There are many POS machines that come at a very high price but at the same time, there are some that are pretty affordable. Affordable that you can easily obtain a short-term loan, buy one, and set up your own POS business.

But before we move on to the cheapest POS machines in Nigeria let’s take a look at some of the POS dealers.

POS machine dealers in Nigeria

1. Jumia

Jumia is one of the best online platforms where you can get anything ranging from groceries to gadgets and home appliances to wears – virtually anything you want to buy. They also sell POS machines ranging between ₦60,000 to about ₦200,000.

Cheapest pos charges list in nigeria 2022 - ng job alerts

2. Jiji

Jiji is another place where you can get both used POS machines and Brand new POS machines and that can range between ₦10,000 to around ₦200,000.

Read: POS Dispense Error: Common POS Errors and Messages

Cheapest pos charges list in nigeria 2022 - ng job alerts

Note that the prices of this POS machine, irrespective of the online platform whether Jiji or Jumia depends on the quality and features that are available in the POS machines.

3. Elite ShieldPro

Location: 2 CMD Road, Ikosi-Magodo, Lagos

4. BFM Consulting

Location: 36B, 2nd floor, Toyin Street, Ikeja, Lagos.

Website: bfmconsult.co.uk

5. AOG Consulting

Location: Adebowale House, Block C, 1st floor, 150, Ikorodu Road, Onipanu, Lagos.

Website: https://www.aogconsultancy.com/

6. Boromax Global Limited

Location: 12, Simbiat Abiola Way, Computer Village, Ikeja Lagos

website: https://boromax-global-limited.business.site/

7. Citiserve Limited

368, Ikorodu, Maryland, Ikeja Lagos

Website: http://www.citi-serve.com/

8. Neo High Tech Solutions Limited

Location: 62B, Opebi Road, Ikeja Lagos

Website: www.neohitech.com

9. Wamcom Associates 

Location: 5, Medical Road, Computer Village Ikeja, Lagos.

10. E-Print Solutions

Location: E31/01, Arena Shopping Complex, Bolade, Oshodi-Isolo, Lagos.

Cheapest (low-Cost POS) POS Machines in Nigeria

Please note that these prices are based on the market situation as at the time of writing and may slightly vary from what you found when you visit the market:

  • POS S90 Machine = 45,000 Naira
  • Bank NEW210 POS Machine = 43,000 Naira
  • Baxi Android POS = 50,000 Naira
  • Pax POS Machine = 40,000 Naira
  • Nexgo G2 POS Machine = 43,000 Naira
  • Newland N910 Android POS = 87,500 Naira
  • Bank NEW210 POS Machine = 43,000 
  • A920 POS = 90,000 Naira
  • TPS300 POS machine = 65,000
  • Dot Pay POS machine  = 30,000 Naira
  • V71 POS Machine = 35,000 Naira

You can find these machines on the Jumia store, Konga store, Jiji online marketplace, Olist Nigeria and many online marketplaces, including Amazon, Aliexpress, etc.

Cheapest POS Charges in Nigeria

Below are POS charges that are low to moderate charges:

1. Bankly POS charges

  • Withdrawal: 0.3% charges on withdrawals
  • Transfer: ₦35 flat rate.

Learn More About Bankly POS

2. Moniepoint POS 

  • Withdrawal: 0.3% charges on withdrawals
  • Transfer: ₦20 flat rate. For transactions above ₦20,000.

Learn More About Moniepoint POS

3. Kolomoni POS Charges

  • Withdrawal: 0.5% charges on withdrawals
  • Transfer: ₦30 flat rate. ₦100 for transfers above ₦20,000.

Learn More About Kolomoni POS

4. Baxi box POS charges

  • 0.55% from N1000 – ₦20,000.
  • N100 flat rate from ₦20,001 – ₦100,000

Learn more about Baxi box POS charges

5. OPay POS Charges

  • Withdrawal: 0.6% charges on withdrawals
  • Transfer: ₦120 for transfers above ₦20,000.

Learn More About OPay POS Charges and Commissions.

6. Kudi POS Charges

  • Withdrawal: 0.6% charges on withdrawals
  • Transfer: ₦150 for transfers above ₦50,000.

Learn More About Kudi POS Charges

7. First bank pos charges

  • 0.75% per transaction.

Learn more about FirstMonie POS charges

8. Zenith Bank POS

  • 0.75% per transaction

Learn more about Zenith Bank POS Charges

9. GTBank POS Charges

  • 0.75% POS service charge

Learn More About GTBank POS Charges

Read Related POS Articles…

Oladoyin Falana

Oladoyin Falana, a graduate of OAU, is an SEO Specialist, and IT business developer. He is the owner and content editor of ngjobalerts.com, a platform that focuses on providing information on career, recruitment updates, exams, and admission updates, including general (How-to) information.
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