10 Cheapest POS Machine In Nigeria That You Can Buy
Currently, the POS business in Nigeria has continued to gain popularity due to its profitability and wide coverage. Because of its increasing popularity, the Point of Sale machine price has continued to increase. It would interest you to know that around 2013 when POS business was introduced in Nigeria, many companies gave out their POS terminals free of charge unlike present day where you are expected to pay before getting the POS terminal.
However, different fintech companies and commercial banks offer POS machines for sale or for rent but their prices vary. Hence, as an intending POS agent, it is best to compare the prices of the POS machines from different financial institutions before going for it.
The price of these POS machines varies depending on the type of the POS terminal you want to buy. Generally, analogue POS machines are cheaper when compared to the digital or smart POS terminal irrespective of the company that issues it out. To get the point straight, we shall be taking a look at different types of POS machines in the market with their prices attached.
POS Machine Price List
As it is with other products, POS machine price can change from time to time especially with rise in inflation. But on the general notes, mini and traditional POS terminals are relatively affordable when compared to the Android version of the terminals.
Some financial institutions offer both mini, traditional and smart POS machines where you have lots to choose from while some companies only offer one kind of POS machine. So, if you want to start a POS business, you can decide to buy any type that you can afford.
| S/N | POS Company | Mini POS Price | Traditional POS Price | Android POS Price |
| 1. | Opay | 8,500 | 35,000 | 50,000 |
| 2. | Flutterwave | 10,000 | – | – |
| 3. | Palmpay | – | 40,000 | 60,000 |
| 4. | Payvice | 15,000 | – | – |
| 5. | Payforce | – | 25,000 | – |
| 6 | Paycenter | 14,000 | 25,000 | – |
| 7. | Baxi | 10,000 | – | 30,000 |
| 8. | Moniepoint | 10,000 | 20,000 | 35,000 |
| 9. | Kudi(Nomba) | – | 25,000 | 35,000 |
| 10. | Bankly | – | 15,000 | – |
N/B:
- The columns denoted with (-), means that the POS company doesn’t have that type of POS terminals.
- All the prices mentioned above are all in Naira.
How Much Is POS Machine On Jumia?
As we noted earlier, the price of POS machines varies depending on the type you want to buy. Generally, the price of mini and traditional POS terminals are relatively cheaper when compared to that of the Android version.
On Jumia, the price of a POS machine ranges from N40, 000 to N210,000 depending on the brand you opt for. However, the price of a POS terminal on Jumia will be relatively costly since they are third party to the brand hence getting it from the company directly will be cheaper.
Moniepoint POS Machine Price
Moniepoint has different types of POS machines, hence they have different prices.
The price for the Moniepoint mini POS terminal is N10,000 while the traditional terminal is N20,000 but the Android version of the Moniepoint POS machine is sold at N35,000.
POS Machine Price In jiji
The POS machine price on jiji ranges from N20,000 to N150,000 depending on the type and the brand you opt for.
Wrap Up
The price of POS machines in Nigeria is not fixed since different companies have their own prices. While some brands sell all the types of POS machines, some companies only sell a particular type. To cut costs, it is best to buy the POS terminal directly from the company rather than buying it from third party platforms like Jumia, jiji etc.
