PalmPay is a mobile payment platform designed to create a rewarding financial experience for Nigerians. The PalmPay POS machine is one of the best POS machines that you can get in Nigeria, with the PalmPay POS, you can perform transactions like cash withdrawal, fund transfer, payment of utility bills, check customers account balance and more.
In this post, I am going to be showing you how to get the PalmPay POS machine, how to become a PalmPay agent, and basically everything you will need to know PalmPay POS and more.
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Features of PalmPay POS machine
PalmPay is a mobile payment platform designed to create a rewarding financial experience for Nigerians.
The PalmPay POS machine is one of the best POS machines that you can get in Nigeria, with the PalmPay POS, you can perform transactions like cash withdrawal, fund transfer, payment of utility bills, check customers account balance and more.i
How to get the PalmPay POS machine?
Requirements to get the PalmPay POS
The following are the things you will need if you want to get a PalmPay POS:
- A verified identity card (international passport, national ID card, Voters card
- Utility bill (Nepa bill)
- Business license (For registered businesses only)
- Valid Bank verification number
- Valid account number
- Passport photograph
How to get the PalmPay POS?
The price for the traditional PalmPay POS is 20,000 naira, while for the android POS is 30,000 naira. This amount is just a cautionary fee, as it is refundable if you return the POS without any damage.
If you want to buy the POS, the price is 60,000 naira for the android and 40,000 naira for the traditional POS.
To apply for the PalmPay POS, you will also be asked for other information like your first name, last name, date of birth, gender, email address, username, phone number, mother maiden name, country, city etc.
If you are able to meet all the requirements, you should get the PalmPay POS between 1 week to 1 month.
How to become a PalmPay agent?
To become a PalmPay agent, you will need to be on boarded by a PalmPay staff or an aggregator.
PALMPAY Aggregator Office Address
Lagos Aggregator Office: 7, Folasade adetunji street, jankara ijaye Lagos.
PalmPay POS charges
PalmPay charges 0.5 percent on withdrawal and 10 naira on average on every deposit of any amount. This means you will be charged 5 naira on every 1000 naira you withdraw for a customer and you will be charged 10 naira transfer any amount whether on the POS or on their web platform.
1000 naira charges 5 naira
2000 naira charges 10 naira
3000 naira charges 15 naira
4000 naira charges 20 naira
5000 naira charges 25 naira
6000 naira charges 30 naira
7000 naira charges 35 naira
8000 naira charges 40 naira
9000 naira charges 45 naira
10000 naira charges 50 naira
11000 naira charges 55 naira
12000 naira charges 60 naira
13000 naira charges 65 naira
14000 naira charges 70 naira
15000 naira charges 75 naira
16000 naira charges 80 naira
17000 naira charges 85 naira
18000 naira charges 90 naira
19000 naira charges 95 naira
2000 naira charges 100 naira
Any amount above 20,000 naira is 100 naira.
PalmPay commission
The following are the commissions PalmPay will pay you as an agent when you buy airtime, pay for TV subscription for a customer or pay electricity bill for customers.
MTN: 3% commission
Glo: 4% commission
9mobile: 4.5% commission
Airtel: 4% commission
DSTV: 2% commission
GOTV: 2% commission
PalmPay customer support
If you want to get in touch with PalmPay, you can do that via the following channels:
Call: 017005700
Email: support@palmpay.co
Office address: 20 Opebi road Ikeja Lagos.
PALMPAY Aggregator Office Address
Lagos Aggregator Office: 7, Folasade adetunji street, jankara ijaye Lagos.
Is PalmPay legit/secure?
PalmPay is a secure app that is licensed by the central bank of Nigeria (CBN).
Frequently asked questions (FAQs)
How long will it take to get a PalmPay POS?
If you are able to meet all the requirements, you should get the PalmPay POS the same day you apply for it.
Is there a monthly target on the PalmPay POS?
Yes, there is a target of 1 million withdrawal monthly on the POS.
Does PalmPay have an android POS?
Yes, PalmPay does have an android POs, as well as a traditional POS.
Why does PalmPay ask for your BVN?
PalmPay uses your BVN to confirm that your personal information submitted is valid for proper KYC.
Is PalmPay secure?
PalmPay is a secure app that is licensed by the central bank of Nigeria (CBN).
How much is the PalmPay POS?
The price for the traditional PalmPay POS is 20,000 naira, while for the android POS is 30,000 naira at a cationary fee.
If you want to buy the POS, the price is 70,000 naira for the android and 50,000 naira for the traditional POS.
Palmpay aggregator office address
If you want to get the pos easily and get it activated instantly, you can visit us at 7, folasade adetunji street, jankara ijaye lagos.CALL/WHATSAPP 08133749636
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