Gone are the days when cash ruled everything. In 2025, cashless is king—and POS (Point of Sale) machines are leading the revolution in Nigeria.
Whether you run a boutique in Lagos, a pharmacy in Port Harcourt, or you're a student running a side hustle, POS terminals are one of the easiest ways to make money and serve your community. But before you dive in, you need to understand the cost, charges, and best POS providers.
What Is a POS Machine?
A POS machine is a device that lets you:
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Accept card payments (ATM, Visa, Verve, Mastercard)
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Transfer money
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Check account balances
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Pay utility bills or buy airtime/data
Basically, it turns your shop, kiosk, or even your front porch into a mini bank.
POS Machine Prices in Nigeria (2025)
Here's a breakdown of popular POS machines in Nigeria and their estimated purchase or caution fee:
| Provider | POS Price | Type | Free or Paid? |
| Opay POS | ₦35,000 – ₦45,000 | Smart Android POS | Paid |
| Moniepoint POS | ₦25,000 – ₦35,000 (refundable caution) | Traditional POS | Paid (caution fee) |
| Palmpay POS | ₦30,000 – ₦40,000 | Traditional/Smart | Paid |
| Kuda POS | Free (conditions apply) | Android POS | Free (commission-based) |
| Baxi Box POS | ₦10,000 – ₦20,000 | Traditional POS | Paid |
| Paycentre POS | ₦10,000 – ₦20,000 (caution fee) | Traditional POS | Paid (refundable) |
Note: Prices vary depending on your location, volume of transactions, and whether you’re eligible for promotional discounts.
POS Charges in Nigeria (2025)
Charges vary by provider, but here’s a general idea of transaction fees you’ll face:
| Transaction Type | Average Charge |
| ₦1 – ₦4,999 | ₦10 – ₦20 flat rate |
| ₦5,000 – ₦10,000 | ₦30 – ₦50 |
| ₦10,001 – ₦20,000 | ₦60 – ₦100 |
| Airtime/Data Purchase | 2% commission |
| Bill Payments | ₦50 – ₦100 (you earn commission) |
Different POS companies have slightly different rates, and some even offer bonuses or cashback to high-volume agents.
Best POS Machine Providers in Nigeria (2025)
Here are the top-rated POS providers based on reliability, service, pricing, and support.
1. Moniepoint POS
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Strong agent network
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Reliable service with low downtime
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Daily transaction summaries
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Competitive charges
2. Opay POS
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Offers smart Android POS
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Good customer support
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Fast settlements to bank accounts
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Strong brand trust
3. PalmPay POS
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Stylish, compact machines
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Accepts multiple payment channels
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Comes with a dedicated agent app
4. Baxi POS (Baxi Box)
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Best for small business owners
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Offers bill payment services
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Low entry cost (₦10,000+)
5. Kuda POS
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Newly launched and promising
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POS often provided for free
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Integrated with the Kuda app ecosystem
6. PayCentre POS
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Flexible fee structure
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Fast settlements and wallet system
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Strong in remote/rural areas
How to Get a POS Machine in Nigeria (2025)
Here’s the general process, no matter the provider:
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Register Online or Through an Agent
Visit the POS provider’s official site or find an agent near you.
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Provide Necessary Documents
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BVN
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Valid ID (NIN, voter card, etc.)
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Utility bill
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Passport photo
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Pay the Required Fee or Caution Deposit
This may be refundable depending on the provider.
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Get Trained and Activated
Some companies offer basic POS agent training.
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Start Making Money!
Pros of Running a POS Business in Nigeria
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Small startup capital
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Daily income opportunity
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Easy to operate
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Expanding demand in both cities and rural areas
FAQs About POS Machines in Nigeria
Q1: Which is the best POS machine in Nigeria for beginners?
Moniepoint and Opay are highly recommended due to their strong support system and user-friendly platforms.
Q2: Can I get a POS machine for free?
Some providers like Kuda or FirstMonie may offer POS devices free under certain conditions (e.g., high transaction volume).
Q3: How do I make money from a POS machine?
You earn from the transaction fees and commissions paid by customers for each withdrawal, deposit, or bill payment.
Q4: What documents do I need to apply?
Usually, you need:
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Valid ID
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BVN
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Utility bill
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Passport photo
Q5: Is POS business still profitable in 2025?
Yes! Despite growing competition, the shift to a cashless economy has increased the demand for POS agents—especially in underbanked areas.
Conclusion: Should You Start a POS Business in 2025?
Absolutely—if you want a steady, low-risk source of income in Nigeria. Whether you're a student, stay-at-home parent, or side hustler, POS machines offer one of the best returns on small capital.
With platforms like Opay, Moniepoint, and PalmPay, getting started is easier than ever. Just pick a trusted provider, follow the right process, and start making money daily.
