DotPay is one of the fastest-growing fintech companies in Nigeria and offers a variety of financial services like fund transfer, cash withdrawals, bill payments, etc. They also give out POS terminals to individuals who may need them.
Getting a POS terminal from DotPay is not difficult; however, there are requirements that intending applicants are expected to meet. In this comprehensive guide, we’ll x-ray all you need to know about DotPay POS machines, ranging from their charges to daily targets, among other vital information you may desire.
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Transactions that can be Done with DotPay POS
The DotPay POS machine is a multipurpose terminal that can be used to carry out different financial transactions. The transactions that can be done with the POS machine are:
- Fund transfer
- Bill payment
- Cash withdrawal
- Cable subscription
- Airtime and data top-up, etc.
To become a DotPay POS agent, you’re expected to meet certain requirements. They are:
- The applicant must be a resident of Nigeria.
- Must be at least 18 years old.
- Valid means of identification like a national ID, driver’s license, voter’s card, etc. are also required.
- Bank Verification Number (BVN).
- Recent passport photograph.
- House utility bill receipt for address verification.
- Your next-of-kin passport photograph
- A functional bank account
- An active phone number.
How to Get DotPay POS Machine (Agent)
To get a DotPay POS machine and become their agent, follow the simple steps below:
1. Get Started
The first step you will need to take to get a DotPay POS terminal is to get started by visiting any of their outlets nearest to you. They have branches in 11 different states across the country. Hence, locating them won’t be difficult. When checking in at any of their offices, you will need to bring the necessary documents mentioned above.
2. Request POS Machine
Once you meet the needed requirements and provide the supporting documents, request the POS terminal application form and complete the form by inputting all the necessary details.
3. Receive the POS Terminal
Once you’re done with the registration, an agent ID will be generated for you along with the default password, which will be sent to your linked email address.
4. Fund your DotPay Wallet
After getting your POS terminal, you will need to fund your wallet so that you can start using it for transactions. You can fund it through the account number on your POS machine.
Intending DotPay POS applicants are expected to pay the sum of N20,000 as a caution fee. In addition to that, they are also required to pay between N25,000 – N30,000 for registration and logistics.
DotPay POS Charges
They have different charges for different transactions. They are enumerated below:
- For withdrawals, they charge 0.5% of the transaction amount.
- For deposits, they charge N20 flat rate
- For fund transfer, they charge N20 flat rate
- For cable subscription, they charge 1%
- Agents get a 1% commission when they use the terminal for bill payments.
DotPay Daily Target
DotPay POS terminals don’t have a daily target. However, their agents are expected to perform at least 20 counts of transactions daily, no matter the amount they transact. If an agent is unable to carry out 20 consecutive transactions over a period of time, they may retrieve the terminal from such a person.
DotPay POS Customer Care Number
For questions, inquiries, or assistance, you can reach out to the DotPay POS customer support unit at:
Call: +234 803 4332 345
Office address: MJS Building, 366 Murtala Mohammed Way, Yaba, Lagos