Are you looking for the cheapest POS machine in Nigeria? You are in the right place.
Nigeria has seen a significant increase in digital payment transactions. Businesses of all sizes need to adopt effective point-of-sale (POS) machines.
POS machines allow merchants to accept card payments. It makes transactions smooth and convenient for customers.
However, finding the right POS machine that combines affordability reliability and performance together can be a concern.
This article explores 20 of Nigeria’s best and most cost-effective POS machines, costs, prices and how to buy one.
Read also: 10 Best Banks for International Travelers and Expats
20 Cheapest POS Machines in Nigeria
Here are the 20 best cheap POS machines in Nigeria. In no particular order:
1. PAX POS
Due to its versatility and durability, PAX is one of the most popular POS terminals in Nigeria. Price ₦55,000; Not the cheapest, but durable.
The modern design has an Android-based system that supports a variety of payment methods. This includes contactless payments, QR codes, and traditional card swipes.
These models are widely available through reputable payment providers and are inexpensive. This makes it an ideal choice for small and medium-sized businesses.
2. Flutterwave POS
Flutterwave is a well-known payment solution provider. Offering POS machines to businesses in Nigeria, their POS machines are priced as low as ₦10,000.
with competitive price Comprehensive reporting and advanced features, Flutterwave POS is popular across industries. including e-commerce and services
3. Open POS
Opay, a prominent mobile payment platform, provides Nigerian merchants with one of the cheapest and most user-friendly POS machines.
With wide adoption and low transaction fees, Opay POS offers an attractive solution for businesses looking for hassle-free payment acceptance.
They charge 0.6% for withdrawals under ₦20,000 and a flat fee of ₦120 for withdrawals of ₦20,000 and above.
The Opay Mini POS terminal is priced at ₦8,500, while the Opay Traditional POS Terminal ranges from ₦20,000 to ₦40,000.
4. Remita POS
Remita, the leading payment platform Offers POS terminals to businesses looking for a secure and cost-effective payment solution.
With easy installation Competitive price and compatibility with different types of cards, Remita POS is popular in Nigeria.
5. Mony Point POS
Monie Point POS Terminal is one of the top 20 best and cheapest POS terminals in Nigeria. It is priced at ₦20,000.
The costs involved in using a Monie Point POS machine are quite reasonable.
For transactions worth more than ₦20,000, a fee of just 0.5% of the transaction amount will be charged.
This means that if you process a transaction worth ₦25,000, the fee will be ₦125 (0.5% of ₦25,000).
Additionally, money transfers processed through POS machines are subject to a flat fee of ₦30 per transaction.
With its affordable price and reasonable transaction fees, this POS machine is a valuable asset for merchants in Nigeria.
6. DotPay POS
Dot Pay POS Terminal is one of the top 20 best and most budget-friendly POS terminals in Nigeria.
Priced at ₦27,000, the costs associated with using the Dot Pay POS Terminal are quite competitive and are designed to be cost-effective for businesses of all sizes.
For withdrawals below ₦19,999, a fee of only 0.5% of the withdrawal amount will be charged.
If the customer withdraws ₦15,000, the fee will be ₦75 (0.5% of ₦15,000). For large withdrawals of ₦20,000 or more, the POS will charge a flat fee of ₦100.
Additionally, the deposit for Dot Pay POS Terminal is ₦25.
7. Gudi POS
Kudi POS Terminal is without a doubt one of Nigeria’s cheapest POS terminals. It costs just ₦20,000.
This user-friendly and reliable device helps businesses and merchants accept card payments seamlessly. and improve customer service
The costs associated with using Kudi POS Terminal are cost-effective and beneficial to businesses of all sizes.
For transactions between ₦100 and ₦4,500, the minimum fee is ₦50. Additionally, for transactions between ₦4,501 and ₦25,000, a fee of 0.6% of the transaction value is applied.
For transactions above ₦500,000, Kudi POS Terminal charges a flat rate of ₦150.
8. Palm Pay
The ₦20,000 Palmpayl POS is an attractive machine for businesses looking for an affordable POS.
In terms of fees, Palmpay takes a unique approach. For each transaction of ₦1,000, there is an undisclosed fee. Additionally, for transactions of ₦20,000, there is a fee of ₦100.
On the other hand, the charge remains constant at ₦100 for the total transfer amount upon transfer.
10. Bank POS machines
Bankly POS Machine MP35P is priced slightly higher than its competitors at ₦30,000.
However, the costs associated with using the Bankly POS Machine MP35P are designed to be very competitive and beneficial to businesses of all sizes.
The fee is only 0.3% of the withdrawn amount every time you withdraw through a POS machine.
In addition to the percentage-based withdrawal fee, Bankly POS Machine MP35P charges a flat fee of ₦35 for all transfers.
Whether the transfer is for ₦1,000 or ₦100,000, the fixed fee will remain the same. This ensures predictability and consistency in transaction costs.
11. 9PSB Android operating system
The 9PSB Android POS Terminal is ideal for budget-conscious operators who want a compact yet powerful payment solution. It is priced at ₦30,000.
This modern Android-based device helps businesses and merchants accept card payments seamlessly. Enhance customer service and drive business growth
Setting up the device is easy. and with reliable performance So your business can offer customers a smooth payment experience without breaking the bank.
12. Smart POS machine Moni
The Clever Moni traditional mobile POS is another great value option among the top 20 POS terminals, priced at ₦35,000.
This mobile device allows merchants to process card payments anytime, anywhere.
Their customer support team is dedicated to helping you with setup and technical inquiries. To ensure smooth integration into your business operations.
13. PayFux POS
PayFux POS Terminal, also priced at ₦35,000, offers a reliable and efficient solution for businesses looking to offer card payment options to their customers.
With its intuitive interface and fast processing capabilities, PayFux POS Terminal is a valuable asset for merchants aiming to enhance their customer experience.
14. Isino V71 POS
The Aisino V71 POS is an attractive option among the top 20 POS machines, priced at ₦40,000.
Experience the convenience and reliability of a mobile POS solution ideal for businesses that frequently transact on-site.
The device is durable and useful for businesses that don’t require delicate handling.
15. Surebanka POS machine
Surebanka POS machine is one of the cheapest devices designed to meet the needs of small and medium sized Nigerian businesses for just ₦10,000.
This POS machine offers seamless card payment processing. It allows merchants to accept customer payments conveniently and securely.
This device has the necessary features to ensure smooth and efficient transactions. This makes it an ideal choice for businesses looking to improve customer service and increase sales.
16. Accelerex POS
Accelerex POS is a cost-effective and easy-to-use payment terminal priced at ₦10,000.
This POS machine offers fast and reliable transaction processing. It allows merchants to accept payments from different types of cards.
With its compact and modern design, Accelerex POS is ideal for businesses with limited counter space.
It also has additional features such as sales reporting and inventory management. This makes it an all-in-one solution for businesses looking to improve their operations.
17. Playcenter POS machine
At ₦14,000, the Playcenter POS Machine is an affordable, multi-purpose payment terminal that meets the needs of businesses of all sizes.
This POS terminal offers fast and secure card payment processing. It helps merchants provide a smooth payment experience to their customers.
A user-friendly interface and simple setup make it easy for businesses to start accepting card payments in no time.
The Playcenter POS terminal also supports a variety of payment methods. Including contactless payments. Increase convenience for stores and customers
18. POS dataway machine
Dataway’s POS terminals are budget-friendly and reliable payment solutions. It is priced at ₦15,000 to meet the needs of businesses that want to easily accept card payments.
This POS machine offers strong transaction processing capabilities. Helps merchants make payments quickly and securely.
It has a user-friendly interface that makes it easy for businesses to navigate transactions smoothly.
Dataway’s POS terminals also come with advanced security features to protect sensitive payment information. Provides peace of mind for both merchants and customers.
19. POS Android Baxi 2.0
The Baxi 2.0 Android POS terminal is a feature-rich and affordable payment solution. Designed to meet the needs of Nigerian businesses for just ₦15,000.
With an intuitive interface and seamless payment processing, the Baxi 2.0 Android POS enables businesses to accept card payments quickly and securely.
It comes with advanced security features to protect sensitive payment information. Provides peace of mind to both stores and customers.
20. Payforce POS machine
Payforce POS terminals are cost-effective and reliable payment terminals. Designed to meet the payment needs of businesses in Nigeria, it is priced at ₦25,000.
This POS machine offers seamless transaction processing. It allows merchants to easily accept card payments.
With its rugged and compact design, Payforce POS is ideal for businesses with limited counter space.
Read also: 20 Cheapest POS Machines in Nigeria
Where to get cheapest POS machines in Nigeria?
There are many reputable POS distributors in Nigeria. You can buy a POS machine without leasing it.
Renting 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 offer a variety of options to suit a variety of needs and budgets:
Jumia, one of Nigeria’s leading online shopping sites. Offering a wide range of products Including POS machines and accessories
There are various types of POS terminals, such as portable POS terminals and Android POS terminals, with prices starting as low as ₦35,000.
Jumia has received positive reviews for the quality of its products. This makes it a reliable choice for those looking for an affordable and reliable POS machine.
Jiji is another popular online shopping platform in Nigeria that connects buyers and sellers.
They offer brand new and reasonably used POS machines. To provide customers with a variety of options
The price of POS machines in Jiji varies depending on the features and quality. Starting from as low as ₦20,000, Jiji is a site worth exploring whether you’re looking for a new or used POS machine.
There are also other famous POS distributors in Lagos, Nigeria such as:
- CityServe Company Limited
- EPOS Solutions
- BFM Consulting,
- Neo Hit Tech Solutions
- Boromax Global Company Limited
- Platinum grade
- Accelerex Global and ICT and I.
These dealers offer a wide range of POS machines to meet different business needs.
Selecting the right POS machine is essential for businesses in Nigeria that want to improve their payment processes.
The 20 options above have many of the cheapest POS machines available. Meeting the diverse needs of traders in various industries
When choosing a POS machine, consider price, features, security, and compatibility with your business needs.
By making informed decisions You can optimize your payment system. and improve customer satisfaction in Nigeria’s rapidly evolving digital payments landscape.