How Much is PalmPay POS Machine Currently? Find Out!

If you want to know how much is Palmpay POS machine, then this post is for you. Actually, the price of the Palmpay POS machine is N41500. However, there is more to it than just knowing how much is Palmpay pos machine.

How Much is PalmPay POS Machine?

PalmPay serves as a digital payment platform, enabling users to conduct transactions, transfer funds, and acquire mobile airtime and data. Additionally, PalmPay extends its services to businesses seeking to facilitate customer payments through POS machines.

The cost of a PalmPay POS machine varies based on the preferred model. The Android POS machine is priced at 41,500 NGN, while the Traditional/Linux/button POS machine carries a cost of 21,500 NGN.

How Much Is Palmpay POS Machine

To obtain a PalmPay POS machine, simply download the PalmPartner app and finalize the application form. Agree to the outlined terms and conditions, and submit the necessary documentation.

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Following submission, the PalmPay team will undertake a review process and endeavor to reach out to you within a span of 7 days. Upon successful approval of your application, you will gain the opportunity to procure the POS machine.

Applying for Palmpay POS Machine

Here is a guide outlining the procedure for requesting a PalmPay POS machine:

  1. Download the PalmPartner app, available on both the Google Play Store and the Apple App Store.
  2. Launch the app and proceed to establish your account.
  3. Access the “POS Machine” section within the app.
  4. Choose your preferred variant of POS machine.
  5. Complete the provided application form, and ensure to upload the specified essential documents.
  6. Finalize and submit your application.

How Much is PalmPay POS Machine Charges

Apart from the initial POS machine cost, there are supplementary charges linked to the utilization of a PalmPay POS machine. These encompass:

  1. A monthly service fee of 1,000 NGN.
  2. A transaction fee is equivalent to 0.5% of the transaction value.
  3. A chargeback fee amounting to 200 NGN per chargeback event.

The monthly service fee serves to offset the expenses associated with maintaining the POS machine’s functionality and facilitating customer assistance.

The transaction fee, a small proportion of the transaction total, is remitted to PalmPay for managing payment processing. Meanwhile, the chargeback fee is incurred in the event of a transaction dispute upheld by the customer.

Collectively, the expenses associated with employing a PalmPay POS machine are notably economical. The monthly service fee remains reasonable, while the transaction fee remains competitive compared to alternative payment processors. Furthermore, the chargeback fee remains comparatively nominal.

For businesses aiming to accept customer payments, the PalmPay POS machine stands as a favorable choice. The initial POS machine cost is budget-friendly, and the fees remain justifiable. Moreover, the PalmPay POS machine accommodates transactions from non-PalmPay account holders.

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Should you desire further insight into PalmPay POS machines, additional information is accessible through the PalmPay website or through direct contact with the PalmPay team.

How Much is PalmPay POS Machine: Benefits

Here are supplementary advantages associated with utilizing a PalmPay POS machine:

  1. Inclusive Payment Acceptance: Enable transactions from customers without PalmPay accounts.
  2. Diverse Payment Methods: Embrace payments via cash, bank transfers, or mobile money.
  3. Real-time Transaction Monitoring: Access real-time updates on sales and transactions.
  4. Instant Compensation: Promptly receive payment for your conducted transactions.

How Much is PalmPay POS Machine?

  • Android POS Machine is N41,500
  • Traditional/Linux/Button POS Machine is N21,500

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