Paga POS Machine Price, Charges, Daily Target: How to get Paga POS Machine
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Paga is a fintech company that provides payment solutions and services in Nigeria.
One of its offerings is the Paga POS machine, a device that enables merchants to accept various forms of payments from customers.
In this article, we will discuss the Paga POS Machine Price, Charges, Daily Target: How to get Paga POS Machine.
About Paga
Founded in 2012, Paga is a Lagos-based company that strives to provide digital financial services to Nigeria’s unbanked and underserved population.
Their services include mobile payments, bill payments, money transfers, and savings and investment products.
Paga’s mobile app and website enable users to transfer funds to other Paga users or bank accounts, pay bills, purchase airtime and data, and access savings and investment products.
Additionally, Paga has a network of more than 20,000 agents throughout Nigeria that provide cash-in and cash-out services, allowing users to deposit and withdraw cash from their Paga accounts.
For its innovative approach to financial inclusion, Paga has received numerous awards, including the “Best Digital Wallet” at the 2020 Global Banking and Finance Awards.
As of 2022, Paga boasts over 18 million users and has processed more than 104 million transactions, ranking it among Nigeria’s largest mobile payment platforms.
Paga POS Machine Price
In 2023, Paga provides free registration for its POS agents.
However, the cost of purchasing a Paga POS machine is N30,000.
Paga offers a variety of POS machines to its individual merchants, with prices ranging from N30,000 for its standard POS to N53,000+ for its Android POS models.
This is the latest update on the 2023 pricing for Paga’s POS machines.
Paga POS Charges
As with other fintech firms, Paga’s POS charges are competitive.
Paga charges a fee on merchants for every transaction processed via its point-of-sale (POS) machines.
The fees charged by Paga vary based on the transaction type and amount.
Paga charges a flat fee of N10 per transaction for transactions up to N20,000, while transactions above N20,000 incur a fee of 0.5% of the transaction amount.
Additionally, Paga applies extra charges for services like airtime and bill payments.
Paga POS Daily Target
Based on research, it was confirmed that Paga POS has no daily transaction target.
Merchants who use Paga’s POS machines can process transactions as frequently as required, without any daily limit or target.
Nevertheless, to prevent any potential issues, it is recommended to perform transactions using the POS.
How to Apply and Get Paga Pos Machine in Nigeria
Having discussed Paga POS Machine Price, Charges, Daily Target, let’s discuss How to get Paga POS Machine here
If you’re interested in getting the POS machine in Nigeria, follow these steps:
Step 1: Create a Paga Account
To get started, download the Paga app from the Apple App Store or Google Play Store, or visit the Paga website to register.
Step 2: Apply for a Paga POS Machine
After creating a Paga account, you can apply for a POS machine by completing an application form on Paga’s website/app or contacting Paga’s customer service.
Step 3: Provide Necessary Documentation
To get a Paga POS machine, you’ll need to provide some documents, such as a valid form of identification, proof of address, and a business registration certificate (if applicable). Depending on your situation, Paga may require additional documentation.
Conclusion on Paga POS Machine Price, Charges, Daily Target: How to get Paga POS Machine
Paga is a fintech company that provides payment solutions and services in Nigeria.
The Paga POS machine is an essential tool for merchants in Nigeria who want to provide their customers with various payment options.
Paga offers a variety of POS machines to its individual merchants, with prices ranging from N30,000 for its standard POS to N53,000+ for its Android POS models and has no daily targets.
However, the charges on transaction various depending on the amount.
By following the steps discussed in this article on Paga POS Machine Price, Charges, Daily Target: How to get Paga POS Machine you can easily get a Paga POS machine and start processing transactions.
FAQs about Paga POS Machine Price, Charges, Daily Target: How to get Paga POS Machine
What is a Paga POS machine, and how does it work?
A Paga POS machine is a payment device that allows merchants to accept payments from customers via debit cards, credit cards, bank transfers, and mobile payments.
The device reads the customer’s payment information and securely processes the transaction.
How much does a Paga POS machine cost?
Paga’s POS machines are priced between N30,000 to N53,000+, depending on the model.
However, the registration for Paga POS agents is free.
How can I get a Paga POS machine in Nigeria?
To get a Paga POS machine in Nigeria, you need to start by creating a Paga account. Afterward, apply for a POS machine by filling out an application form on Paga’s website/app or by contacting Paga’s customer service.
You will need to provide certain documents such as a valid form of identification, proof of address, and a business registration certificate (if applicable).
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.
What are the fees for using a Paga POS machine?
Paga charges merchants a transaction fee for each transaction processed through its POS machines.
The fees charged by Paga vary based on the transaction type and the amount being transacted.
For transactions up to N20,000, Paga charges a flat fee of N10 per transaction, while transactions above N20,000 incur a fee of 0.5% of the transaction amount.
Additionally, Paga applies extra charges for services like airtime and bill payments
Is it necessary to have an internet connection to use a Paga POS machine?
Yes, a stable internet connection is required to use a Paga POS machine.
The device relies on an internet connection to communicate with Paga’s servers and securely process transactions.
Can I use a Paga POS machine without a Paga account?
No, a Paga account is required to use a Paga POS machine.
You need to create an account with Paga before applying for a POS machine.
How long does it take to receive a Paga POS machine after applying?
The processing time for Paga POS machine applications varies, but it typically takes between 5 to 7 working days to receive the machine after the application has been approved.
Can I use a Paga POS machine outside Nigeria?
No, Paga POS machines are only available for use in Nigeria.
The device is designed to work with Nigerian payment systems and cannot be used outside the country.
What kind of support is available for Paga POS machine users?
Paga offers various support channels for its POS machine users, including phone support, email support, and a dedicated support center within Paga’s app.
Merchants can reach out to Paga’s customer service team for assistance with any issues they may encounter while using the device.
