Finance apps

Paga POS Machine Price, Charges, Daily Target: How to get Paga POS Machine

Paga is a company similar to OPay, Kuda, Palmpay, and other financial technology companies.

Paga is based in Lagos, Nigeria. It was founded in 2012 with the goal of providing digital financial services to the unbanked and underserved population in Nigeria.

Paga’s services include mobile payments, bill payments, money transfers, and savings and investment products.

Paga’s mobile app and website allow users to transfer money to other Paga users or to bank accounts, pay bills such as utilities, buy airtime and data, and access savings and investment products. Paga also has a network of over 20,000 agents across Nigeria who provide cash-in and cash-out services, allowing users to deposit and withdraw cash from their Paga accounts.

Paga has received several awards for its innovative approach to financial inclusion, including the “Best Digital Wallet” award at the 2020 Global Banking and Finance Awards.

As of 2022, research shows that Paga has over 18 million users and has processed over 104 million transactions, making it one of the largest mobile payment platforms in Nigeria.

However, your question which could be to know the Paga POS machine price or any of the following; Paga POS charges, Paga POS daily target, or how to get a Paga POS machine easily have been provided answers to in this post.

Without taking your time, let’s quickly dive into knowing the Paga POS machine price, Paga POS charges, Paga POS daily target, or how to get a Paga POS machine easily in 2023.

How to get Paga POS in Nigeria, Paga POS machine price, Paga POS daily target
How to get Paga POS in Nigeria, Paga POS machine price, Paga POS daily target

Paga POS Machine Price In 2023

Paga POS agent registration is totally free. However, the price of the Paga POS machine is N30,000.

Paga offers several point-of-sale (POS) machines to its individual merchants, with prices ranging from N30,000 for its traditional POS while Android POS is N53,000+ depending on the model. 

That is the current information on the Paga POS machine price in 2023.

Paga POS charges

Just like other fintech companies, the Paga POS charges are competitive.

Paga charges merchants a fee for each transaction processed through its point-of-sale (POS) machines. 

The fees charged by Paga depend on the type of transaction and the amount being transacted.

For example, for transactions up to N20,000, Paga charges a flat fee of N10 per transaction. For transactions above N20,000, the fee is 0.5% of the transaction amount. 

There are also additional charges for services such as airtime and bill payments.

Paga POS daily target

Paga POS daily target- as per my research, I could find out that Paga POS has no daily target

Merchants who use Paga’s POS machines can process transactions as often as they need to, without any daily limit or target.

However, I’d advise you to carry out transactions on the POS to avoid any problem that may spring up.

How to Apply and Get Paga Pos Machine in Nigeria in 2023

As said earlier, this post is not all about knowing the Paga POS machine price but includes “Paga POS daily target and how to get Paga POS machine easily. However, for you to get the POS in Nigeria, do ensure you follow the given steps below:

To get a Paga POS machine in 2023, you need to follow these steps:

Create a Paga account

The first step how to get a Paga POS machine in Nigeria is to download its app from the Apple App Store, or Google Play Store, or visit the Paga website for registration.

Apply for a Paga POS machine

Once you have a Paga account, you can apply for a POS machine by filling out an application form on Paga’s website/app or by contacting Paga’s customer service.

Provide required documentation

You will need to provide certain documents to Paga, such as a valid form of identification, proof of address, and a business registration certificate (if applicable). 

Paga may also require additional documentation depending on your business type.

Wait for approval

Yes, it may not be as quick as expected.

Paga will review your application and documentation and notify you once your application has been approved.

Pay for the POS machine

Once your application is approved, you will need to pay for the POS machine.

As said earlier, the Paga POS machine price for its traditional POS is N30,000 while the Android POS ranges from N53,000 depending on the model.

You can choose any of the two types depending on your capital.

Receive and activate the POS machine

 Once you have paid for the POS machine, Paga will send it to your registered address. 

You will need to activate the POS machine by following the instructions provided by Paga.

Frequently Asked Questions On Paga POS machine price in Nigeria

The following are the frequently asked questions you may want to be knowledgeable of:

What types of payments can be accepted with a Paga POS machine?

Paga’s POS machines can accept payments from various sources, including debit cards, credit cards, bank transfers, and mobile payments. 

The exact payment methods supported by Paga may vary depending on the type of POS machine being used.

How much does a Paga POS machine cost?

Paga’s POS machines are priced between N30,000 to N53,000+ depending on the model. 

What are the fees for using a Paga POS machine?

Paga charges merchants a fee for each transaction processed through its POS machines. However, transactions within N20,000 will incur a fee of N10.

How can I get a Paga POS machine?

To get a Paga POS machine, you need to create a Paga account, apply for a POS machine, provide the required documentation, wait for approval, pay for the POS machine, and receive and activate the POS machine.

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