These POS machines can potentially revolutionise how your business operates while being budget-friendly. Whether you are a small retail business, a busy restaurant, or a growing service provider, understanding these POS machines and their availability will give your business the transformation it needs.

These POS machines can potentially revolutionise how your company operates while being budget-friendly. Whether you are a small retail business, a busy restaurant, or a growing service provider, understanding these POS machines and their availability will give your business the transformation it needs.

Below is a compilation of the most cost-effective POS machines in Nigeria that offer excellent services for businesses:

•  OPay

OPay POS machine is a highly-rated mobile payment platform in Nigeria that allows small and large businesses to accept cashless customer payments. OPay offers various payment options, including debit or credit cards, QR code payments, and mobile money transfers.

To acquire an OPay POS machine in Nigeria, there is no direct cost involved, but merchants must deposit ₦20,000 in their OPay wallet once approved. This deposit is refunded when the merchant returns the POS machine.

To obtain an OPay POS machine, interested merchants can contact representatives via email, phone, or by visiting their offices. After meeting all the requirements and submitting an application, merchants will await approval. Once approved, they can collect the machine or deliver it. Training and activation are provided after a successful collection.

• Moniepoint

Moniepoint is a technology that provides electronic payment solutions and services for both small and large businesses at an affordable price. This platform enables business owners to accept card payments from their customers.

Moniepoint offers many unique features and benefits, such as cash transactions, mobility, transaction security, payment options, and easy setup.

To obtain a Moniepoint POS machine, you will need to pay a sum of ₦25,000, although sometimes the cost may be lower. To acquire a Moniepoint POS machine, you must meet the following requirements: be at least 18 years old, have an active bank account and mobile phone number, and locate a Moniepoint agent or visit their office.

After submitting your documents, you will undergo a review process and then make payment for the device. Finally, you will receive training, activation, and testing.

• PalmPay

PalmPay is a popular mobile payment platform that allows users in Nigeria to carry out their daily financial transactions and other financial activities using their smartphones. While their main focus is mobile payments, they also offer POS machine services to businesses to help them with their daily operations.

Getting a PalmPay POS machine is affordable, with prices varying depending on the type of machine you want to purchase. You can pay a standard cautionary fee or rental of ₦20,000 or become a permanent terminal owner for ₦40,000. The PalmPay Android POS machine costs ₦30,000 for rental and ₦60,000 to own.

To acquire a PalmPay POS machine in Nigeria, you must contact their customer support, agents, or sales team and provide all the necessary information. After verifying and getting your application approved, you must agree with them.

It is important to read and understand the contract before signing it. You will then receive training and setup, followed by delivery or pickup. Finally, the machine will be activated and tested.

• Baxi Box

• Flutterwave

Flutterwave POS is a high-quality mobile application that enables business owners to convert their smartphones or tablets into portable point-of-sale systems. By downloading the Flutterwave POS app and linking it to your business account, you can easily receive customer payments using various payment options.

The app is not restricted to any specific payment method, so you can use debit cards, credit cards, and mobile wallets to carry out transactions.

The app is designed with an intuitive user interface that makes navigating the machine and app easy. This means you won’t have difficulties using the app, even if you’re not tech-savvy.

The Flutterwave POS machine is one of the most affordable options available in Nigeria, with an exemplary payment of ₦10,000. This fee is refundable when you return the machine in good condition.

To obtain the Flutterwave POS machine, you need to follow these steps: First, visit the Play Store or App Store, depending on whether you use an Android or iPhone device. Download and launch the app, then sign up and create an account, ensuring all details provided are accurate. Enter your referral code and submit the data.

Wait for an email from Flutterwave, which will contain further instructions. Once approved, you can collect your POS machine and use it to receive customer payments.

• Kudi POS

Kudi Technology, a well-known fintech company in Nigeria, has designed a unique payment platform called Kudi or Nomba POS machine. This platform allows small businesses and retailers to collect cashless payments effortlessly.

The Kudi POS machine has remarkable features that make it one of the best payment platforms available, such as accepting various cards and mobile wallet payments, keeping records of all transactions, QR code payments, and value-added services.

Moreover, the Kudi POS machine is affordable as it is free to access the POS terminal, and you only need to pay a caution fee of ₦20,000, which is refundable. The caution fee is necessary to ensure you can fulfil the transaction target on the Kudi POS terminal.

To obtain the Kudi or Nomba POS machine, you need to research to see if Kudi offers services in your area and apply online or offline. After applying, your documents will be reviewed, and if you meet the requirements, you will be required to sign the terms and agreement. Finally, if necessary, you will receive training to use the platform effectively.

7. Quickteller 

Interswitch Group has created Quickteller, an online payment platform that is dependable and secure. The app is intended to provide Nigerian business owners with a trustworthy, practical, and secure payment and cash transfer system. With Quickteller, users can transact and transfer payments to over 30 banks nationwide.

The platform offers a low-cost point-of-sale device that allows retailers to accept quick and secure payments. The gadget has a colour display and is easy to set up, accepting various credit cards. The Quickteller POS machines are available at a low cost of ₦8,500 for traditional devices and ₦30,000 for Android.

A one-time caution fee payment will be refunded to the agent upon returning the machine in good condition.