Palmpay POS Charges, Daily Target, POS Machine Price: How to get Palmpay POS

Here is all you need to be know about the Palmpay POS Charges, Daily Target, POS Machine Price: How to get Palmpay POS

Presently, the POS business is profoundly productive in Nigeria because of the accessibility of POS machines from practically all banks and fintech organizations, permitting people to bring in cash. 

Numerous Nigerians pick this business since it requires insignificant cash-flow to begin and keep up with.

Likewise, setting up a POS business is straightforward as an enormous shop space isn’t required and it very well may be joined with different organizations without critical pressure

Nigerian bank ATMs have not satisfied the withdrawal needs of people requiring simple admittance to their assets.

PalmPay is a organization that offers a scope of administrations, including the PalmPay POS machine.

The POS machine permits organizations and people to perform exchanges, for example, cash withdrawals, reserves moves, television memberships, service bill installments, broadcast appointment and information memberships, and checking client account adjusts.

In this article, we will examine all that you want to be aware of the Palmpay POS Charges, Daily Target, POS Machine Price: How to get Palmpay POS

Why People Use Palmpay POS

PalmPay POS is a great option as it offers a range of impressive features, including:

• Simple to meet daily targets
• Effortless cash withdrawals
• Unlimited fund transfers
• TV subscription services
• Affordable PalmPay POS pricing
•  Payment of utility bills
• Airtime and data subscriptions
• Capability to check customer account balances

Also, with PalmPay POS you have various  transaction options, including:

• Cash withdrawals
• Funds transfers
• TV subscriptions
• Utility bill payments
• Airtime and data subscriptions
• Checking customer account balances

In addition, If you use your PalmPay POS machine to sell airtime and TV subscriptions to customers, you can earn commissions as follows:

• MTN: 3%
• Glo: 4%
• 9mobile: 4.5%
• Airtel: 4%
• DSTV: 2%
• GOTV: 2%

PalmPay POS Machine Price

Before we go ahead to discuss the prices of Palmpay POS, there are two Types of PalmPay POS:

• Traditional POS – although old-fashioned, it still gets the job done and has the same transaction charges as the Android POS.
• Full Android POS – comes with a user-friendly interface and fully-functional Android features.

Both POS types differ in price, but have the same transaction charges. 

They also have printers to produce transaction receipts for your customers.

• Traditional PalmPay POS: 20,000 naira
• Android POS: 30,000 naira

Please note that this fee is refundable, and is not the actual price of purchasing a PalmPay POS machine. 

However, If you decide to discontinue the POS business or obtain a different machine elsewhere, you can return the PalmPay POS and receive a refund, provided the machine remains undamaged.

Requirements for Getting PalmPay POS

To get started with PalmPay in Nigeria, you’ll need the following documents and information:

• A government-issued ID card, such as an international passport, voter card, or national ID card.
• A PHCN bill to verify your address.
• CAC documents if your business is registered.
• Your BVN.
• Your bank account number.
• A passport photograph.

You’ll also need to provide the following personal information:

• Your first and last name
• Your date of birth
• Your gender
• Your phone number (very important)
• Your email address
• Your chosen username
• Your address.

How to Get a PalmPay POS Machine

If you’re interested in get a PalmPay POS machine in Nigeria, follow these steps:

• Create a PalmPay account.
• Download the PalmPartner app from the Google Play Store for Android users or Apple App Store for iOS users.
• Sign in to the PalmPartner app using your PalmPay login details or create a new account if you don’t have one.
• Once you’re logged in, find the “Apply for POS” button and follow the instructions to apply for the POS machine.
• Upgrade your account to the required tier in the settings section of the PalmPartner app.
• After applying for the POS machine, wait for a response from PalmPay’s customer care representative.

How to Fund Your PalmPay POS

Your PalmPay account number is the phone number you used while making your PalmPay account, without the initial 0.

To fund your PalmPay account, you can move cash through any bank application utilizing your telephone number as the financial balance and PalmPay as the bank.

On the other hand, you can sign in to the PalmPay app and fund your record straightforwardly from that point, which is a more helpful choice.

Deposits Charges and Commissions

No matter what the saved sum, PalmPay charges a level expense of 10 naira for moves.

This really intends that assuming you’re moving 100,000 naira in the interest of a client, you’ll in any case be charged 10 naira.

Transfer Limits

PalmPay accounts have three tiers (Tier 1, Tier 2, and Tier 3), and you can upgrade to the next level. 

Here are the daily transaction limits and account balance limits for each tier:

• Tier 1: Daily transaction limit of 50,000 naira and an account balance limit of 300,000 naira.
• Tier 2: Daily transaction limit of 200,000 naira and an account balance limit of 500,000 naira.
• Tier 3: Daily transaction limit of 1 million naira and an account balance limit of 5 million naira.

Conclusion on Palmpay POS Charges, Daily Target, POS Machine Price: How to get Palmpay POS

The PalmPay POS machine is a safe device that makes it an important resource for organizations and people in Nigeria.

With its cutthroat expenses, and commission structure for broadcast appointment and television memberships, the PalmPay POS machine gives a consistent and effective method for dealing with your funds.

By following this article on Palmpay POS Charges, Daily Target, POS Machine Price: How to get Palmpay POS, you can get a PalmPay POS machine and begin partaking in the advantages of problem free monetary exchanges.

Whether you’re an entrepreneur or singularly searching for a helpful method for dealing with your funds, the PalmPay POS machine is an incredible decision.

FAQs

What are the charges for using the PalmPay POS machine?

PalmPay charges a flat fee of 10 naira for transfers regardless of the deposited amount. 

However, if you sell airtime and TV subscriptions through your PalmPay POS machine, you can earn commissions ranging from 2% to 4.5%, depending on the service provider.

What is the daily transaction limit for PalmPay accounts?

PalmPay accounts have three tiers (Tier 1, Tier 2, and Tier 3), each with different daily transaction limits and account balance limits. 

The daily transaction limit for Tier 1 is 50,000 naira, while Tier 2 has a limit of 200,000 naira, and Tier 3 has a limit of 1 million naira.

How do I obtain a PalmPay POS machine in Nigeria?

To obtain a PalmPay POS machine in Nigeria, you need to create a PalmPay account, download the PalmPartner app, and apply for the POS machine in the app. 

You’ll also need to upgrade your account to the required tier and wait for a response from PalmPay’s customer care representative.

What documents do I need to get started with PalmPay?

To get started with PalmPay, you’ll need a government-issued ID card, a PHCN bill to verify your address, CAC documents if your business is registered, your BVN and bank account number, and a passport photograph. 

You’ll also need to provide personal information such as your name, date of birth, gender, phone number, email address, username, and address.

What are the benefits of using the PalmPay POS machine?

The PalmPay POS machine offers convenience, security, and efficiency for businesses and individuals. 

With the POS machine, you can perform various transactions, including cash withdrawals, funds transfers, bill payments, and airtime and data subscriptions. 

Additionally, selling airtime and TV subscriptions through your POS machine can earn you commissions ranging from 2% to 4.5%.