Moniepoint login: How to Become an Agent and Get POS Machine (2022 Updated)

Moniepoint login: Moniepoint is another mobile money merchant that collects payments and other transactions mostly through Point of Sale (POS) terminals. POS devices, such as the OPay, Access Closa, UBA Moni, and others, are distributed to agents who have passed a rigorous Know Your Customer (KYC) procedure. The security and integrity of Moniepoint and other POS systems have now been secured thanks to the top-level KYC. Moniepoint allows agents to set up a “mini-bank” in their surrounding area and earn a substantial amount of money in commissions.

Moniepoint POS

Moniepoint is a fast-growing Fintech company based in Nigeria that is looking into expanding into other African regions. This article investigates the most frequently asked questions about Moniepoint at the moment. Can you apply for or obtain a POS (Point of Sale) terminal to make cash withdrawals, transfers, deposits, and other transactions?

About Moniepoint POS

Moniepoint is currently one of Nigeria’s fastest-growing and most dependable online money exchange services. Essentially, Moniepoint allows you to benefit from financial operations like as transfers, withdrawals, and airtime purchases, among other things. The company also claims of having one of the most dependable networks in the industry, so “no network,” which is frequent in many POS centers, is not an issue.

In this post, we’re going to talk about the steps to become an Moniepoint Agent for POS, because many struggle with this. We will also discuss the commissions applicable to being an agent as well as other details you need to know.

How to Request a Moniepoint POS Machine

Moniepoint POS is probably the most user-friendly bank agency POS in Nigeria right now.

Signing up on Moniepoint’s website is the first step in becoming a POS agent ( A step-by-step tutorial to getting started on the Moniepoint website can be found here:

  1. Click get started
  2. Input your full name, emailaddress, phone number, and any other information you want to include.
  3. Choose one of the POS merchants you’re working (if you have)
  4. Submit


Within 48 days of joining up, or within 48 hours of signing up, an Aggregator (an agent in charge of a group of comparable agents) will contact you to explore your options.

You can also visit the office at No.12 Wole Ariyo St, Lekki Phase 1. It is possible to complete the process in a very short length of time if you’ve been mapped with an aggregater.

How to become Moniepoint Agent and get POS

The most expedient way to obtain a Moniepoint POS device is to contact their local office. When you come at the office, a representative will walk you through the registration process and the actions you’ll need to take to be successful in your application. It’s also worth noting that the machine costs roughly N25,000. This is less than the cost of POS machines from various service providers. Please keep in mind that you can only receive Moniepoint POS machines if you apply within an allowed location.

You must complete the following procedures in order to become a Moniepoint POS agent:

  1. Visit their official website at
  2. Complete the registration form for Moniepoint agents and send it in.
  3. Make sure you confirm your email address as well as telephone number. An agent will reach out to you within 48 hours from the time you registered.
  4. The agent will guide you through what you have to accomplish, and then they would verify that you’re an agent.
  5. Lastly, sign in onto your Moniepoint POS dashboard in order to manage your account.

Atm Moniepoint

You can generate money with Moniepoint by becoming a mobile money agent and offering financial services to your customers. Moniepoint enables you to consistently and profitably deliver services including cash transfer, cash withdrawal, and airtime top-up.

When you adopt Moniepoint, you will not lose business to other agents by advising consumers to return because there is “no network.” We have the most advanced network in the city. As a result, all of our agents are customer favorites in their respective areas.

Requirements to become a Moniepoint POS agent?

During the registration process to becoming an agent, they require you to supply the following:

  • A certified business license
  • Your bank verification number (BVN)
  • House PHCN bill
  • Your bank account Number
  • Identity card, which could either be National ID, Voters car, or any other nationally accepted card

Moniepoint POS login

In essence, once you have registered you must follow the steps below to log in into Your Moniepoint the POS Dashboard:

  • Get Moniepoint, the Moniepoint app from Google play store
  • Log in your account to the Moniepoint application.
  • To sign in with your phone’s browser to their official website
  • From that point you’ll be able to conduct transaction without a hitch as an agent

Moniepoint transaction charges

Moniepoint’s transaction charges are relatively low when compared to other POS facilitators, and it is arguably the cheapest. In essence, unlike other POS services, the prices are decided by the number of transactions you perform and are not dependent on the bank. For all banks in Nigeria, the set cost is N20.

Furthermore, the cost for withdrawals up to N4,000 is N6.2, but it will rise depending on the amount withdrawn. Apart from that, unlike other POS service providers, Moniepoint does not impose additional bank costs.

Monie point Mobile application

Moniepoint attempts to make financial institution transactions as simple as possible. You can, however, use the POS terminal in the Moniepoint mobile app to make payments using your Moniepoint account. Transactions, withdrawals, and much more are all simple through the app, and if you have an issue, you can easily file a complaint using the app as well. To speed up the process, the Moniepoint team will contact the bank in question and request a reversal of the funds.

How can I find a solution to Moniepoint limitations on transactions

Users who have not yet upgraded to a higher level have a transaction limit imposed by Moniepoint. In other words, you may see an error notice stating that “the transaction exceeds the daily transaction limit” since you’ve exceeded the amount of money you can transfer at your default setting (KYC Level 1). All you have to do at that point is switch from a KYC to a business level, and the restriction will be lifted. To upgrade your KYC to KYC Business level, follow the procedures below.

  • Log in with the Moniepoint account and then navigate to the KYC level
  • Go through your home screen, select menu, and then select settings.
  • Choose Upgrade from the drop-down menu that comes down, and that’s it.

FAQs on Moniepoint

Where and How Do I Download the Moniepoint App?

  1. For Android you are able to download the Moniepoint App from the the Playstore with this link. The app isn’t yet available for Apple phones (iOS)

How Much to Apply for a Moniepoint POS Machine in Nigeria?

The amount is N20,000 (twenty thousand naira ) only)

Once I’ve applied When will I receive the PO?

The time frame from the moment of the moment of application until the time that an agent gets the POS device takes 24-48 hours.

What are Moniepoint POS charges and commission structure?

Moniepoint POS charges and commission structure are influenced by the volume of transactions completed via the terminal. But, some of the charges and commissions are as follows:

  1. For withdrawals between N1 and N20,000, Moniepoint charges just 0.5 percent of the amount spent.
  2. For transactions that exceed N20,000 Moniepoint has a flat cost of N100.
  3. To transfer funds, Moniepoint charges a flat fee of N20 per transfer
  4. For Data Top Up:

MTN 3 commission
Glo 4% commission
9Mobile 4.5% commission
Airtel 4% commission

5. For TV Subscription:

DSTv 2percent commission
GOTV 2% commission
PHCN 2percent commission
Star Times 2% commission


What are the guidelines for Moniepoint Use of POS?

  1. A minimum of the amount of N80,000 (Eighty Thousand Naira, only) daily withdrawal amount. This is different depending on where you are.
  2. At minimum, 4 counts of daily deposits
  3. You’ll get 50% cashback on the N20,000 you paid at registration if an aggregator is able to provide any reason to take away the funds from your POS device within one year from the date of its issuance.

What happens if I encounter an issue with my POS device later on?

As an Moniepoint Agent, problems are not your concerns as the settlements and disputes are typically paid back and completed within the next day. This is among the best features of Moniepoint. An engineer is also appointed by the Aggregator to look after you as well as other Moniepoint agents in your region. Additionally, you will be included in an WhatsApp group made up of other agents who will exchange ideas or challenges. The business has begun.

Moniepoint POS Contact Info?

ou can contact the company through any of the following means:

Office Address: 2 Wole Ariyo St, Lekki Phase 1, Lagos, Nigeria.

Phone: +234 814 150 0017 (Whatsapp only)







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