When it comes to smooth, secure transactions for your business, Point of Sale (POS) systems like Moniepoint and Opay are leading the charge in Nigeria. These devices make payments easier for both sellers and customers, but how do you choose between them? Here’s a breakdown of their features, costs, and overall benefits to help you make the right choice for your business.
Moniepoint POS
Moniepoint is one of the most affordable options with its low POS charges, making it one of the most affordable options in Nigeria. There are two types of the Moniepoint POS terminal; The android Moniepoint POS terminal priced at N22,500, and the Mpos terminal priced at N15,500.
Moniepoint POS: Key Features and Benefits
Easy Setup and User Interface: Moniepoint offers an easy-to-use POS terminal that doesn’t require a steep learning curve. The system is straightforward, allowing business owners and their employees to quickly learn how to accept payments and track sales without needing extensive training.
Fast and Secure Transactions: Moniepoint is known for its fast processing time, ensuring that transactions are completed quickly and securely. This means customers experience minimal wait times during payment, which can improve customer satisfaction and help increase business efficiency.
Reliable Customer Support: Moniepoint provides excellent customer support, with dedicated teams available to help resolve any issues related to transactions, terminal malfunctions, or general inquiries. This support is vital for businesses that need to ensure their POS system works without interruption.
Competitive Transaction Fees: Compared to other POS platforms, Moniepoint is one of the most affordable options in Nigeria with its low POS charges. Moniepoint is the ideal option for businesses looking to reduce their overhead costs without compromising their credibility.
Opay POS
Opay is known for its versatility and its wide array of financial services and solutions for individuals and businesses.
Opay has three types of POS terminals - Mini POS, Android POS, and traditional POS. All three vary in price and output. The mini POS costs N8,500, the traditional POS costs N35,000, and the Android POS costs N50,000.
Opay POS: Key Features and Benefits
Versatile Payment Solutions: Opay POS is a versatile payment solution that supports various types of transactions, including card payments, bank transfers, and mobile wallet payments. This flexibility makes it ideal for businesses that need to accept multiple forms of payment.
Integrated Financial Services: As part of the Opay ecosystem, Opay POS users can access various financial services like savings, loans, and insurance. This integration helps businesses manage payments and finances on one platform.
Low Transaction Fees: While Opay doesn’t have the lowest transaction fee, it offers reasonably low transaction fees, making it an affordable option for businesses, especially small and medium enterprises. With no hidden charges, businesses can easily track their expenses and avoid unexpected costs.
Fast and Secure Transactions: Just like Moniepoint, Opay POS ensures quick transaction processing and secure payment systems. This helps businesses maintain smooth operations and reduces the likelihood of transaction-related issues.
Which POS is Better for Your Business?
A Moniepoint POS might be the right choice if you want a simple, reliable, and affordable POS solution with great customer support. It’s perfect for businesses that need to accept payments with minimal setup and a low-cost option.
The Opay POS, on the other hand, is ideal if you need more payment flexibility and want access to a variety of financial services all in one platform. It’s the best choice for businesses looking for an all-encompassing payment solution with integrated financial management tools.
How to Get Moniepoint POS
Visit the Moniepoint website.
Choose your desired POS terminal.
Complete the application form.
Wait for approval and receive your POS terminal.
You can find more on the website: Moniepoint Official Site and is available for download on Google Play
How to Get Opay POS
Download the Opay Business App from the Play Store.
Create an Opay account and select ‘Merchant’.
Log in and apply for the POS terminal under 'MY POS'.
Complete the required details and start using your POS.
You can get more information on the Opay Official Site and available for download on the App Store and on Google Play
Both Moniepoint and Opay POS offer unique advantages for businesses in Nigeria. Whether you choose Moniepoint for its user-friendliness and low fees or Opay for its versatility, you can’t go wrong with either option.