Moniepoint, Mobile Money Agency | Overview
Moniepoint, another mobile money merchant, uses Point of Sale (POS) machines for collecting and processing transactions. Similar to OPay and Access Closa UBAMoni, POS devices can only be deployed to agents that have passed a strict Know Your Customer (KYC). Moniepoint’s security and reliability have been assured by the high-level KYC. Moniepoint offers agents the opportunity to be a “mini bank” in their locality and make good money through commissions.
Moniepoint, a Fintech company that is rapidly growing in Nigeria, is now looking into expansion opportunities to other parts of Africa. This article will address the most important questions that people have about Moniepoint. Can you get/apply a Point of Sales terminal to withdraw, transfer, deposit, and so forth?
Agents are often accused of debiting customers without seeing the money. This problem is common at POS terminals that are not connected to the network, either the customer bank network or terminal.
They will debit their cards, and the agent won’t see the funds. Would you, as the agent, give that money to the customers? You can’t because it isn’t in your account. They can complain to their bank about it. Not all customers will understand this. You might be tempted to cheat them.
You should also know that If there is a poor network, all POS terminals can debit customer cards. But, It will be solved easily if it is on the moniepoint POS terminal. If the agent is a moniepoints agent, they will report the problem to midpointeams. They will contact the customer bank for the reverse of the funds.
What you need for Moniepoint POS (Point of Sale) in Nigeria?
- Must be at least 18 years old
- Be a Nigerian
- Tech-savvy and responsive
- A smartphone is your best friend
How to Request a Moniepoint POS Machine in Nigeria
Moniepoint POS – This is possibly the easiest agency banking POS in Nigeria at the moment.
The first step to getting a Moniepoint POS agent is by signing up on their website (www.moniepoint.com). This is a step by step guide to getting started on Moniepoint’s website:
- Click get started
- You will need to enter your full name, address, email address, telephone number, and any other details.
- Choose the other POS merchants that you work with (if there are).
Within 48 hours after signing up, an AGgregator (an agent who manages a cluster of agents just like you) will contact you and take the matter up.
Or, you can visit their No.12 Wole Ariyo St. Lekki Phase 1 Office. Once you’re mapped to an aggregator, you can complete everything in a matter of minutes.
Moniepoint Agency Registration for Banking | Overview
Your aggregator will ask for certain documents in order to meet KYC (knowing your customer) requirements. Here are the documents:
- An international passport, NIN, voter’s card, or driver’s license.
- Utility Bill (waste bill), electricity bill, land use charge, water bill, or tenant agreement.
- CAC documents are only for registered businesses
- A standard account number at any commercial banking institution.
Contact Midpointeams below if you have an issue.
Moniepoint provides 24/7 customer service; You may reach their support team by using the details below.
- Moniepoint Number: 08141500017. 09093170000. 09030009613
- Moniepoint support email: [email protected]
- Moniepoint Office Number: 08141500017. 09093170000. 09030009613
- Moniepoint on Facebook: facebook.com/moniepoint.
- Moniepoint on Twitter: twitter.com/moniepoint
- Moniepoint on Instagram: instagram.com/moniepoint
Resolving Transaction Exceeding the Daily transaction limit
When you deposit money to your account or make any transaction, you will see an alert saying, “The transaction exceeds the daily transaction limit.” This means you have exceeded the KYC 1 maximum transaction amount.
You just need to raise your KYC level from business to enjoy your transaction.
Steps in Upgrading Moniepoint to KYC Level.
You can upgrade your midpoint account KYC level by going to your dashboard and clicking the menu. Then click on “Settings.” This will display the current level.
Click on upgrade to choose the KYC Level that you prefer. That’s all.
Midpoint teams can help you if you are unable to do it yourself. They can help you upgrade your KYC level in less than 24 hours.
If you need a small scale business to start up, Moniepoint POS is what you can venture into. Just follow their rules and let them do the magic.