How to Get Kudi POS Machine: Kudi POS Withdrawals Charges, Machine Price, and Daily Target
If you are looking for the right guide on How to Get Kudi POS Machine including Kudi POS Withdrawals Charges, Machine Price, and Daily Target, then this is for you.
Ever since the introduction of point-of-sale (POS) terminal machines, there has been a significant increase in the number of individuals offering this service in Nigeria.
In addition to the popular commercial banks, there are now numerous companies involved in providing these services.
One notable company in this space is Kudi, a well-known digital banking platform.
Kudi works as a financial service provider, offering services such as savings, loans, and insurance to customers, alongside traditional commercial banks.
Moreover, Kudi also provides POS services in Nigeria.
It has become one of the leading POS operators in the country.
Similar to Opay, Kudi offers a convenient and swift way to send money, pay bills, and more through its POS platform.
If you have heard about Kudi and have been wondering How to Get Kudi POS Machine for your business or become a Kudi agent, you’ve come to the right place.
This article will guide you through How to Get Kudi POS Machine
As well as Kudi POS withdrawal charges, Machine Price, and Daily Target.
About Kudi
Kudi is a fintech startup committed to providing digital banking services to Nigerians to revolutionize the banking industry in the country.
It was established as a platform to offer an easy and efficient way to send money and pay bills. In addition to these services, Kudi now offers a POS machine service for its agents.
About Kudi POS Machines
Kudi introduced its POS machine platform to facilitate easy online banking for Nigerians.
The Kudi POS allows businesses to accept payments from customers using their credit and debit cards.
This solution is provided by Kudi Financial Services Limited, a Nigerian fintech company focused on offering financial services to the unbanked and underbanked population in the country.
Why Choose Kudi POS Machines?
There are several reasons why many people prefer using Kudi POS machines:
There are several reasons why people prefer the Kudi POS machine for their business transactions.
Some of these are:
- Instant transaction confirmation:
One of the main reasons why people choose Kudi POS is because of its instant transaction confirmation.
This means that once a payment is made, both the customer and the merchant receive immediate notification of the successful transaction.
This provides peace of mind and ensures faster processing times.
- Real-time reporting and analysis:
Kudi POS offers real-time reporting and analysis features that allow businesses to keep track of their sales and financial data.
This enables merchants to make informed decisions about their business, identify trends, and optimize their operations in real time.
- User-friendly dashboard:
Kudi POS provides a user-friendly dashboard that is easy to navigate and understand.
This makes it convenient for business owners, even those without technical expertise, to manage and monitor their transactions effectively.
- Affordable:
Another reason why people prefer Kudi POS is because it is an affordable option for businesses of all sizes.
With a one-time payment of N25,000 for the POS machine, you can access a range of financial services and accept cashless payments at a reasonable cost.
- Great customer support:
Kudi offers excellent customer support to its POS users.
They have a dedicated team that is readily available to assist with any challenges or queries that may arise.
This ensures that merchants have a smooth and hassle-free experience while using the POS machine.
- Secure and reliable transactions:
Security is a top priority when it comes to financial transactions.
Kudi POS ensures secure and reliable transactions by using advanced encryption technology to protect customer data and safeguard transactions.
This gives both merchants and customers confidence in using the POS machine.
Now that we understand why Kudi POS machines are a popular choice, let’s talk about what you can do with Kudi POS machines.
What Can You Do with a Kudi POS Machine?
The Kudi POS machine enables you to perform a variety of financial transactions, including:
- Card cash withdrawals
- Electricity bill payments
- TV subscriptions
- Airtime and data purchases
- Loans
- Savings
- Account opening and much more
Prices for Kudi POS Machines
Applying for a Kudi POS machine is completely free.
However, there is a one-time payment of N25,000 required for the machine itself.
Additionally, the machine comes with a complimentary Kudi T-Shirt.
With the pricing details covered, let’s move on to the requirements for owning a POS machine.
Requirements to Get a Kudi POS Machine
To be eligible for a Kudi POS machine, you must fulfill the following criteria:
- Have an active Kudi account
- Possess a valid bank account
- Provide a valid Bank Verification Number (BVN)
- Have a valid form of identification such as a Voter’s Card, National ID Card, Driver’s License, or International Passport
- Present a recent utility bill
- Provide a passport photograph
Once you have gathered all the necessary documents, you can proceed with the Kudi POS machine application process.
How to Get Kudi POS Machine
Getting a Kudi POS Machine could be based on Merit and through payment.
In this section, we will discuss how you can get the POS machine in both ways.
How to Get Kudi POS Machine on Merit
The first step to becoming a Kudi agent and getting a Kudi POS machine is to have a functional Android phone with internet access to download the Kudi app.
Once you meet this requirement, follow the steps outlined below on How to Get Kudi POS Machine
- Download the latest version of the Kudi app from the Google Play Store.
- Install and launch the application on your Android phone.
- Sign up using your phone number and link the app to your bank account.
- Begin to carry out transactions using the Kudi app.
- Use the app consistently for basic transactions like electricity bill payments, airtime recharge, TV subscriptions, and more.
- After approximately two weeks, Kudi will inform you about your eligibility to receive a free POS machine.
How to Get Kudi POS Machine through Payment
- Visit the nearest Kudi office.
- Get an application form from their agent, fill it out, and submit it.
- Make a payment of N20,000 at the office (please note that this fee is nonrefundable).
- Your application will be reviewed, and a POS machine will be assigned to you immediately.
Kudi POS Withdrawal Charges
After discussing How to Get Kudi POS Machine, you also need to be aware of how much Kudi charges per transaction.
The withdrawal charges for Kudi POS transactions are as follows:
- Transactions ranging from ₦100 to ₦4,500 incur a charge of ₦25.
- Transactions ranging from ₦4,501 to ₦25,000 incur a charge of 0.6%.
- Transactions ranging from ₦25,001 to ₦500,000 incur a charge of ₦150.
How to Contact Kudi
You can get in touch with Kudi using any of the following methods:
- Office address in Nigeria: 19b Bosun Adekoya Street, Lekki Phase 1, Lagos, Nigeria.
- United States: 1776 Sacramento St Apt 311 San Francisco CA 94109.
- Phone: 01 888 5008.
- Email: support@kudi.co.
Conclusion on How to Get Kudi POS Machine: Kudi POS Withdrawals Charges, Machine Price, and Daily Target
Kudi offers a wide range of POS services that make cashless payments and financial transactions easy, secure, and accessible.
The Kudi POS machines are an affordable and convenient option for businesses aiming to accept cashless payments.
Becoming a Kudi agent not only provides an additional source of income but also grants access to Kudi’s suite of digital financial services.
With the information provided in this article on How to Get Kudi POS Machine, you now have a clear understanding of How to Get Kudi POS Machine, Kudi POS withdrawal charges, Machine Price, and Daily Target.
Frequently Asked Questions
Is the Kudi POS machine free?
No, the Kudi POS machine is not free. The price for the machine is N25,000.
Do Kudi agents receive monthly payments?
Kudi POS agents earn money daily from every transaction they perform, with the earnings automatically credited to their Kudi account.
What are the withdrawal charges for Kudi POS machines?
The withdrawal charges for Kudi POS transactions are 0.70%.
However, please note that the charges may vary depending on the withdrawal amount.
How can I become a Kudi POS agent?
To become a Kudi POS agent, sign up on the Kudi website and submit the required documentation.
Once your application is approved, you will receive training and support from Kudi through an assigned aggregator.
How do I use a Kudi POS machine?
To use a Kudi POS machine, connect it to the internet and follow the instructions displayed on the screen.
The device accepts payments through ATM cards and mobile payment platforms.
What is the daily target for Kudi?
Kudi POS machines do not have a daily limit.
You can continue to use the Nomba Kudi POS without any restrictions, regardless of the transaction volume.
What types of payments does a Kudi POS machine accept?
Kudi POS machines accept payments made through debit/credit cards and mobile payment platforms.
Is the Kudi POS machine secure?
Yes, the Kudi POS machine is secure. It employs advanced encryption technology to protect customer data and ensure secure transactions.
How long does it take to receive a Kudi POS machine after applying?
Once you have completed the application process for a Kudi POS machine, you can expect to receive it within 2 to 4 weeks.
The company will notify you about the status of your application and arrange for the delivery of your POS machine.
Can I use a Kudi POS machine without an internet connection?
No, a stable internet connection is required to use a Kudi POS machine effectively.
The device relies on an internet connection to process transactions and ensure seamless communication with the Kudi platform.
So, make sure you have access to reliable internet service for optimal performance.
Are there any monthly fees or hidden charges associated with the Kudi POS machine?
No, there are no monthly fees or hidden charges when you become a Kudi POS agent and use their POS machine.
You will only be charged transaction fees based on the amount and type of transactions you process.
Kudi values transparency and strives to provide affordable financial services to its customers.
Can I use a Kudi POS machine for international transactions?
Currently, Kudi POS machines are designed for domestic transactions within Nigeria.
They are not compatible with international payment processing.
However, Kudi offers other services that enable cross-border transfers and payments, so you can explore their alternative solutions for international transactions.
What happens if my Kudi POS machine gets damaged or malfunctions?
In the unfortunate event that your Kudi POS machine gets damaged or malfunctions, don’t worry! Kudi provides excellent customer support to assist you.
Simply reach out to their customer service team via phone or email, and they will guide you through the process of repairing or replacing your POS machine.
Your business’s operations will be up and running smoothly again in no time!
