Are you looking for the cheapest POS Machine in Nigeria? Well, you are in the right place.
Nigeria has witnessed a significant surge in digital payment transactions, making it essential for businesses of all sizes to adopt efficient Point of Sale (POS) machines.
A POS machine allows merchants to accept card payments, making transactions seamless and convenient for customers.
However, finding a suitable POS machine that combines affordability, reliability, and performance can be daunting.
This article explores Nigeria’s 20 best and most cost-effective POS machines, their charges, prices, and how to acquire them.
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20 Best Cheapest POS machine in Nigeria
Here are the 20 best cheapest POS machines in Nigeria, in no particular order:
1. PAX POS
Due to its versatility and durability, the PAX is one of Nigeria’s most popular POS machines. It goes for ₦55,000; not the cheapest, but durable.
Its sleek design houses an Android-based system that supports various payment methods, including contactless payments, QR codes, and traditional card swipes.
Their models are widely available through reputable payment service providers and are affordable, making them an ideal choice for small and medium-sized businesses.
2. Flutterwave POS
Flutterwave, a renowned payment solutions provider, offers its POS machine to businesses in Nigeria. Their POS Machine coast as low as ₦10,000.
With its competitive pricing, comprehensive reporting, and advanced features, Flutterwave POS has gained popularity among various industries, including e-commerce and hospitality.
3. Opay POS
Opay, a prominent mobile payment platform, provides Nigerian merchants with one of the cheapest and most user-friendly POS machine.
With its widespread acceptance and low transaction charges, Opay POS offers an attractive solution for businesses seeking hassle-free payment acceptance.
They charge 0.6% for withdrawals below ₦20,000 and a flat rate charge of ₦120 for withdrawals of ₦20,000 and above.
Opay Mini POS Machine goes for ₦8,500 while Opay Traditional POS Terminal range from ₦20,000 to ₦40,000.
4. Remita POS
Remita, a leading payment platform, offers its POS machine to businesses seeking a secure, cost-effective payment solution.
With its easy setup, competitive pricing, and compatibility with various card types, Remita POS has gained popularity in Nigeria.
5. Monie Point POS
Monie Point POS Terminal is one of Nigeria’s top 20 best and cheapest POS machines, priced at ₦20,000.
The charges associated with using the Monie Point POS Terminal are pretty reasonable.
For transactions above ₦20,000, the charge is just 0.5% of the transaction amount.
This means that if you process a transaction of ₦25,000, the fee would be ₦125 (0.5% of ₦25,000).
Additionally, transfers made through the POS terminal have a flat rate charge of ₦30 per transaction.
With its affordable price and reasonable transaction charges, this POS terminal is a valuable asset for merchants in Nigeria.
6. Dot Pay POS
Dot Pay POS Terminal is among Nigeria’s top 20 best and most budget-friendly POS machines.
Priced at ₦27,000, The charges associated with using the Dot Pay POS Terminal are quite competitive and designed to be cost-effective for businesses of all sizes.
For withdrawals below ₦19,999, the charge is set at just 0.5% of the withdrawal amount.
If a customer withdraws ₦15,000, the fee would be ₦75 (0.5% of ₦15,000). For larger withdrawals of ₦20,000 and above, the POS terminal applies a flat rate charge of ₦100.
Furthermore, the deposit charge for the Dot Pay POS Terminal is set at ₦25.
7. Kudi POS
Kudi POS Terminal is undoubtedly one of Nigeria’s cheapest POS machine, priced at just ₦20,000.
This user-friendly and reliable device empowers businesses and merchants to accept card payments seamlessly and enhance customer service.
The charges associated with using the Kudi POS Terminal are structured to be cost-effective and beneficial for businesses of all sizes.
For transactions ranging from ₦100 to ₦4,500, the charge is a minimal ₦50. Also, for transactions between ₦4,501 and ₦25,000, the charge is 0.6% of the transaction amount.
For higher-value transactions above ₦500,000, the Kudi POS Terminal charges a flat rate of ₦150.
8. Palmpay
Palmpayl POS Machine, priced at ₦20,000, is attractive for businesses seeking affordable POS
In terms of charges, Palmpay adopts a unique approach. For each ₦1,000 transacted, they apply an undisclosed fee. Additionally, for transactions of ₦20,000, there is a ₦100 charge.
On the other hand, the charge remains consistent at ₦100 for all transfer amounts when it comes to transfers.
10. Bankly POS Machine
The Bankly POS Machine MP35P is slightly higher than its competitors at ₦30,000.
However, the charges associated with using the Bankly POS Machine MP35P are designed to be highly competitive and beneficial for businesses of all sizes.
The charge is just 0.3% of the withdrawal amount for every withdrawal made through the POS terminal.
In addition to the percentage-based withdrawal charge, the Bankly POS Machine MP35P imposes a flat rate charge of ₦35 on all transfers.
Whether a transfer is for ₦1,000 or ₦100,000, the flat fee remains the same, ensuring predictability and consistency in transaction costs.
11. 9PSB Android POS
The 9PSB Android POS Terminal is ideal for budget-conscious entrepreneurs requiring a compact yet efficient payment solution, priced at ₦30,000.
This modern Android-based device empowers businesses and merchants to accept card payments seamlessly, enhancing customer service and driving business growth.
Setting up the device is easy, and with its reliable performance, your business can offer customers a seamless payment experience without breaking the bank.
12. Clever Moni POS Machine
The Clever Moni Traditional Handheld POS Machine is another cost-effective option among the top 20 POS machines, priced at ₦35,000.
This handheld device allows merchants to process card payments on the go conveniently.
Their customer support team is dedicated to assisting you with setup and technical inquiries, ensuring a smooth integration into your business operations.
13. PayFux POS
The PayFux POS Terminal, also priced at ₦35,000, offers a reliable and efficient solution for businesses seeking to provide card payment options to their customers.
With its user-friendly interface and swift processing capabilities, the PayFux POS Terminal is a valuable asset for merchants aiming to enhance their customer experience.
14. Aisino V71 POS
The Aisino V71 POS Terminal is an attractive choice among the top 20 POS machines, priced at ₦40,000.
Experience the convenience and reliability of this mobile POS solution, which is ideal for businesses with frequent on-site transactions.
The device is durable and useful for business that does not involve delicate handling.
15. Surebanka POS Machine
The Surebanka POS Machine is one of the cheapest devices designed to cater to the needs of small and medium-sized Nigerian businesses priced at just ₦10,000.
This POS machine offers seamless card payment processing, enabling merchants to accept customer payments conveniently and securely.
The device has the necessary features to ensure smooth and efficient transactions, making it an ideal choice for businesses looking to enhance customer service and boost sales.
16. Accelerex POS
The Accelerex POS is a cost-effective, user-friendly payment terminal priced at ₦10,000.
This POS machine offers fast and reliable transaction processing, allowing merchants to accept payments from various card types.
With its compact and sleek design, the Accelerex POS is perfect for businesses with limited counter space.
It also offers additional features such as sales reporting and inventory management, making it an all-in-one solution for businesses seeking to streamline their operations.
17. Playcenter POS Machine
The Playcenter POS Machine is an affordable and versatile payment terminal that caters to the needs of businesses of all sizes, Priced at ₦14,000.
This POS machine offers quick and secure card payment processing, enabling merchants to provide their customers with a seamless payment experience.
Its user-friendly interface and simple setup make it easy for businesses to start accepting card payments in no time.
The Playcenter POS Machine also supports various payment methods, including contactless payments, enhancing convenience for merchants and customers.
18. Dataway POS Machine
The Dataway POS Machine is a budget-friendly and reliable payment solution priced at ₦15,000 to meet the needs of businesses looking to accept card payments effortlessly.
This POS machine offers robust transaction processing capabilities, ensuring swift and secure payments for merchants.
It has an intuitive interface that makes it easy for businesses to navigate transactions smoothly.
The Dataway POS Machine also comes equipped with advanced security features to safeguard sensitive payment information, providing peace of mind for both merchants and customers.
19. Baxi 2.0 Android POS Machine
The Baxi 2.0 Android POS Machine is a feature-rich and affordable payment solution designed to cater to the needs of Nigerian businesses priced at just ₦15,000.
With its user-friendly interface and seamless payment processing, the Baxi 2.0 Android POS Machine allows businesses to accept card payments quickly and securely.
It comes equipped with advanced security features to protect sensitive payment information, providing peace of mind for both merchants and customers.
20. Payforce POS Machine
The Payforce POS Machine is a cost-effective and reliable payment terminal designed to meet the payment needs of businesses in Nigeria priced at ₦25,000.
This POS machine offers seamless transaction processing, allowing merchants to accept card payments easily.
With its durable and compact design, the Payforce POS Machine is well-suited for businesses with limited counter space.
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Where to Get the Best Cheapest POS Machine in Nigeria
There are several reputable POS dealers in Nigeria where you can purchase POS machines without leasing.
Leasing a POS machine from a bank or other financial institution can take time and effort.
For the best and most affordable POS machines in Nigeria, the following reputable dealers provide various options to suit various preferences and budgets:
1. Jumia
Jumia, one of Nigeria’s leading online shopping sites, offers various products, including POS machines and accessories.
They provide various POS machines, such as handheld POS terminals and Android POS machines, with prices starting as low as ₦35,000.
Jumia has garnered positive reviews for the quality of its products, making it a reliable option for those seeking affordable and reliable POS machines.
2. Jiji
Jiji is another popular online shopping platform in Nigeria that connects buyers and sellers.
They offer brand-new and fairly used POS machines, providing customers with a diverse selection.
The prices of POS machines in Jiji vary depending on the features and quality, starting from as low as ₦20,000. Jiji is a site worth exploring whether you are looking for a new or used POS machine.
3. Others
Additionally, there are other reputable POS dealers in Lagos, Nigeria, such as:
- Citiserve Limited,
- EPOS Solutions,
- BFM Consulting,
- Neo Hit Tech Solutions,
- Boromax Global Limited,
- Platinum Grade,
- Accelerex Global, and ICT and I.
These dealers offer a variety of POS machines to cater to different business needs.
Conclusion
Choosing the right POS machine is crucial for businesses in Nigeria looking to streamline their payment processes.
The 20 options mentioned above provide a wide range of cheapest POS machine, catering to the diverse needs of merchants across various industries.
When selecting a POS machine, consider pricing, features, security, and compatibility with your business requirements.
By making an informed decision, you can enhance the efficiency of your payment system and improve customer satisfaction in Nigeria’s rapidly evolving digital payment landscape.
