In Nigeria, the topic of POS businesses is inextricably linked to the Palmpay POS service provider. If you want to learn more about the Palmpay POS Machine Price, Charges, Daily Target, and How to Get It, or if you’re intending to start a point-of-sale firm, then this topic is for you.Palmpay is a digital finance platform that offers a variety of services, including money transfer, bill payment, airtime recharge, and more. Palmpay also provides POS machines for merchants who want to accept debit cards, QR codes, and mobile payments from their customers.
In this article, I will explain how to get a Palmpay POS machine, how much it costs, how to use it, and what the benefits of using it are.
PalmPay POS Charges
PalmPay Pos charges a transaction fee of 0.5% capped at N100 for all card withdrawal payments. This means that for every ₦1000 that you process through PalmPay, you will pay a fee of ₦5, and pay N100 for transactions above N20,000.
And it also charges a transaction fee of N20 flat for every transfer or deposit transaction.
PalmPay POS Machine daily target
Palmpay agents are required to meet a daily target of N20,000 withdrawals on the POS machine. However, the more transactions that you process, the more money you will make.
How to download the PalmPay merchant app
To download the PalmPay merchant app, you can visit the Google Play Store or the Apple App Store. Once you have downloaded the app, you will need to create an account and provide your business information.
Benefits of using PalmPay POS Machine
There are many benefits to using PalmPay POS, including:
- Convenience: PalmPay POS is a convenient way for businesses to accept digital payments. Customers can simply scan a QR code on their PalmPay app to make a payment.
- Security: PalmPay POS is a secure way to accept digital payments. All payments are processed through the PalmPay platform, which is protected by the latest security technologies.
- Affordability: PalmPay POS machines are affordable and accessible to businesses of all sizes.
- Increased sales: PalmPay POS can help businesses increase sales by making it easier for customers to pay for goods and services.
- Improved customer satisfaction: PalmPay POS can help businesses improve customer satisfaction by providing a convenient and secure way to pay.
Also, Some of the Features of Palmpay Pos
Instant settlement of funds to your bank account
low transaction fees and no monthly charges
Rewards and cashback for every transaction
ability to offer discounts and coupons to your customers
capacity to track your business performance and analytics.
Read also: PayForce POS: How to Apply, Price, Charges, Customer Care
How to get PalmPay POS Machine
To get a Palmpay POS machine, you need to follow these steps:
- Download the Palmpay Merchant app from the Google Play Store or App Store. This is the app that you will use to manage your POS transactions and business records.
- Register on the app with your phone number and email address. You will also need to provide your personal and business information, such as your name, address, bank account details, etc.
- Apply for a POS machine online through the app. You will need to upload some documents, such as your ID card, passport photo, proof of address, etc. You will also need to select the type of POS machine that you want (Android or traditional) and pay a deposit fee.
- Wait for approval and delivery of your POS machine. This may take up to 14 days, depending on your location and the availability of stock. You will receive an SMS confirmation when your POS machine is ready for delivery.
- Activate your POS machine and start using it. You will need to set up your PIN and password on the device and link it to your Palmpay Merchant app. You can then start accepting payments from your customers.
How much is a Palmpay POS machine?
The price of a Palmpay POS machine depends on the type of device that you choose. There are two types of Palmpay POS machines: Android and Traditional.
The Android POS machine is a touchscreen device that runs on Android OS. It has a built-in printer, camera, scanner, and battery. The price of an Android POS machine is N41,500
The Traditional POS machine is a button-operated device that runs on Linux OS. It has a built-in printer and battery. It also accept debit card payments, Print Receipt and Battery. The price of a Traditional POS machine is N21,500
How to Use a PalmPay POS Machine
Using a Palmpay POS machine is easy and convenient. Here are the steps to follow:
- Turn on your POS machine and connect it to the internet via Wi-Fi or mobile data.
- Launch the Palmpay Merchant app on your phone and log in with your credentials.
- Select the payment method that you want to use (Atm card, or Transfer).
- Enter the amount that you want to charge your customer and confirm it.
- For card payments, insert or swipe the customer’s card on the POS machine and enter their PIN.
- For Transfer payments, enter the customer’s Account number on the POS machine or display your own Wallet number for them to send money to.
- Wait for the transaction to be processed and approved by Palmpay.
- Print or send a receipt to your customer via SMS or email.
- Check your transaction history and balance on the Palmpay Merchant app.
What are the Benefits of Using a PalmPay POS Machine?
There are many benefits to using a Palmpay POS machine for your business. Some of them are:
- You can accept various payment methods from your customers, including debit cards, QR codes, and mobile payments.
- You can save money on transaction fees as Palmpay charges lower rates than other platforms. For example, Palmpay charges **N5** for withdrawals up to N1,000 and **N10** for withdrawals up to N2,000. Other platforms may charge up to N50 or more per transaction.
- You can earn rewards and cashback from Palmpay as you use their services. For example, you can get up to 10% cashback on airtime recharge and bill payment.
- You can access other financial services from Palmpay, such as loans, savings, insurance, etc.
- You can manage your business records and customers’ information on the Palmpay Merchant app. You can also download your statement and track your performance.
- You can enjoy reliable and secure transactions as Palmpay is a licensed mobile money operator and uses advanced encryption technology to protect your data.
Read also: PayForce POS: How to Apply, Price, Charges, Customer Care
If you have any questions or issues regarding your Palmpay POS machine, you can contact Palmpay customer care through the following channels:
Phone: 23417005700
Email: support@palmpay.co
Office Address: 20 Opebi Rd, Opebi 101233, Lagos
Some Common Issues and Solutions for the PalmPay POS Machine?
Here are some of the common issues that you may encounter while using your Palmpay POS machine and how to solve them:
- Device not turning on: Check if the battery is charged or if the power cord is plugged in properly. If the device still does not turn on, contact Palmpay customer care for assistance.
- Device not connecting to the internet: Check if the device has a SIM card inserted and if it has enough data. You can also try switching off and on the device or resetting the network settings. If the device still does not connect to the internet, contact Palmpay customer care for assistance.
- Device not printing receipts: Check if the device has enough paper in the printer and if it is loaded correctly. You can also try cleaning the printer head or replacing the paper roll. If the device still does not print receipts, contact Palmpay customer care for assistance.
- Device not reading cards: Check if the card is inserted correctly and if it is not damaged or expired. You can also try using another card or another payment method. If the device still does not read cards, contact Palmpay customer care for assistance.
Read also: Dotpay POS Machine: How to Apply, Price, Charges, Customer Care
Conclusion
Palmpay POS machines are a great option for merchants who want to accept cashless payments from their customers. It is easy to apply for, use, and maintain. It also offers low transaction fees, high rewards, and other financial services. If you are interested in getting a Palmpay POS machine, you can download the Palmpay Merchant app and apply online today.
