PalmPay POS Charges, Daily Target, Pos Machine Price: How To Get PalmPay POS Machine
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PalmPay POS Charges, Daily Target, Pos Machine Price: How To Get PalmPay POS Machine
Palmpay POS is a payment platform like Opay and Paga bank operating in Nigeria that offers a mobile wallet and financial services such as bill payments. It provides easy access to POS terminals and good customer care services. If you are interested in getting a palmpay pos terminal, this article will help you.
Additionally, if you want to become part of the PalmPay ecosystem and be rewarded, you can become a PalmPay agent. As a PalmPay agent, you can register PalmPay customers and enjoy the benefits of being part of the PalmPay business.
In this article, you will explore and or have the awareness of the PalmPay POS charges, daily target, Pos machine price: how to get PalmPay POS Machine.
Read: Migo Customer Care Whatsapp number, Phone Number, Email Address and Office Address
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PalmPay POS Charges, Daily Target, Pos Machine Price: How To Get PalmPay POS Machine
Palmpay POS Charges
When it comes to Palmpay POS charges, there are some things you need to be knowledgeable of.
Here is some information about the charges associated with Palmpay POS:
Withdrawal Fee: There is a 0.5% withdrawal fee for both Android and conventional Palmpay point-of-sale devices.
This means that for every transaction made using the Palmpay POS, you will be charged 0.5% of the transaction amount. For example, if you make a transaction of N1,000, the withdrawal fee would be N5.
Cautionary Fee/Rentage: If you are interested in purchasing a Palmpay POS machine, there is an additional cautionary fee or rental fee.
For the traditional Palmpay POS, the cautionary fee is N20,000.
This fee is refundable and acts as a security deposit.
On the other hand, if you want to own the POS terminal forever, there is an option to pay N40,000.
Palmpay POS Daily Target
The Palmpay POS daily target refers to the transaction total that Palmpay mobile money agents are expected to achieve on a daily basis.
Here are some details about the Palmpay POS daily target:
For Tier 1 account holders, the daily transaction limit is 50,000 naira, and they can only hold a maximum balance of 300,000 naira.
Tier 2 account holders have a daily transaction limit of 200,000 naira, and the same maximum balance limit of 300,000 naira.
As a Palmpay agent, you are expected to perform a minimum of 50,000 naira in withdrawals daily.
It’s important to consistently meet the daily target to ensure smooth operations and maximize your earnings as a Palmpay agent.
Palmpay POS Machine Price
When it comes to the price of Palmpay POS machines, there are a few options available. Here is some detailed information about the prices of Palmpay POS machines:
Traditional Palmpay POS Machine: The price for the traditional Palmpay POS machine is N20,000 as a cautionary fee or rental fee.
This fee acts as a security deposit and is refundable.
Alternatively, if you want to own the POS terminal forever, there is an option to pay N40,000.
Android Palmpay POS Machine: The Android Palmpay POS machine is priced at N30,000. This machine offers additional features and functionality compared to the traditional POS machine.
How To Get PalmPay palmpay POS
Getting a PalmPay POS is quite simple.
To get a Palmpay POS machine, you can follow these steps:
- Download the PalmPartner app from the iOS or Android Play Store.
- Complete the application form within the app.
- Agree to the terms and conditions.
- Create a PalmPay Agent Account.
- Verify your account by providing the necessary information.
- Once your account is verified, log in to the app.
- Visit the PalmPay website and click on the “Agents” section.
- Click on the “Get Started Now” button.
- Fill out all the required information.
- Submit your application.
After completing these steps, your application will be reviewed by Palmpay, and if approved, you will be provided with a Palmpay POS machine.
FAQs On PalmPay POS Charges, Daily Target, Pos Machine Price: How To Get PalmPay POS Machine
Here are some helpful frequently asked questions on PalmPay POS Charges, Daily Target, Pos Machine Price: How To Get PalmPay POS Machine with answers:
How do I request a POS machine?
To request a POS machine, you can follow these steps:
Contact your bank or financial institution and inquire about their POS machine offerings.
Provide the necessary information and documentation required by the bank.
Complete the application process as instructed by the bank.
Once your application is approved, the bank will provide you with a POS machine.
How do I get a POS machine for my shop?
To get a POS machine for your shop, you can consider the following options:
Contact your bank or financial institution and inquire about their POS machine offerings.
Research other payment service providers or fintech companies that offer POS machines.
Compare the features, fees, and terms of different POS machine providers.
Choose the provider that best suits your needs and follow their application process to get a POS machine for your shop.
How much does palmpay charge per transaction?
There is a 0.5% withdrawal fee for Android and conventional Palmpay point-of-sale devices.
The transaction fee is capped at N100 (One Hundred Naira) per single POS transaction.
