Palmpay pos (Price, Charges, and Commission) 2022 Update

 Palmpay pos Price, Charges, and Commission 2022 Update

Palmpay  POS is presently a popular POS terminal for agents in the Nigerian market because it's so cheap to acquire and use. Like The cost and possible charges of a Palmpay POS machine.

Are you interested in getting a Palmpay POS Machine in Nigeria? This guide will help you with all the questions you might have about the possible cost and charges of a Palmpay POS Machine.

The business environment in Nigeria has boomed to a two-part market, as many Nigerians are taking advantage of it because of the profits it can generate. Numerous Nigerian POS businesses can be found aside from Palm Pay, such as GTB POS, Kudi POS, Opay POS, and Moniepoint POS.

Palmpay doesn't just supply a point-of-sale system, but it also offers payment capability, a bill payment system, and provides cashback to shoppers and subscribers. Palmpay is a Mobile Money Operator (MMO) authorized by CBN. The owner and creator of Palmpay is Trassnet.

Features of Palmpay pos machine 

Cash withdrawal

Fund Transfer

Payment of Utility Bills

Check customer’s Account balance with their ATM Card.

Type of Palmpay pos machine

Palmpay has 2 different types of pos machine which is the android and the aanlog version. the prices of these two pos are different but they both offer the same services Requirements to get Palmpay pos machine

Reqiremnt of palmpay pos

Valid ID card (National ID card, Driver’s license, Voter’s card, or international passport)

Nepa bill, and passport photograph.

Business License (For Registered business only)

Valid BVN

Valid Account Number

Proof of a space to set up your POS business

How to get palmpay pos machine

Palmpay pos charges and commission 2022

palmpay charge as low as 0.5% and 100 Naira flat  for withdrawal while 20 Naira flat for deposit of any amount

Palmpay pos Daily Target

Just like other pos machine like opay, Moniepoint, Dotpay and the res, Palmpay is also a target pos which is 30k daily. Failure to meet the target will lead to account Blocking