Palmpay POS is one of the most used POS machines that people use for POS business in Nigeria. Aside from using Palmpay POS for POS business, you can also use their machine to collect payment from your customers, in any kind of business you are doing. This makes it easy for your customers to pay you with their Card even when they don’t have cash with them.
Applying for a PalmPay POS machine is simple and it doesn’t require rigorous processes. However, before you can apply for it, there are some requirements that you must meet to achieve a successful application. Whether you’re applying for the POS machine to become a PalmPay POS agent or you want to use it for your businesses, the PalmPay team will always process your request.
Documents Required to Apply for PalmPay POS Machine
To apply for a PalmPay POS machine, there are necessary documents that you must have before you can apply for it. The documents include:
- Valid means of identification like Voter’s card, Driver’s license, NIN etc.
- Receipt of utility bill payment like water bill receipt, electricity bill receipt etc. for address verification.
- A functional bank account with positive account balance.
- Bank Verification Number(BVN).
- If your business is registered, you will need to provide a Corporate Affairs Commission(CAC) certificate.
How to Apply for PalmPay POS Machine
Now that you’ve known the requirements to apply for the POS machine and the types of PalmPay POS machines that are available, let’s proceed with the steps you can take to apply for it. The steps are outlined below:
- Visit Google Play Store or Apple Store for Android and iOS users respectively.
- Download and install PalmPartner.
- Fill the application form in the mobile app.
- Accept the terms and conditions.
- Upload supporting documents.
- Review your application and click on submit.
- After submitting, you’ll need to wait for about 7 days to get feedback from the PalmPay team.
Types of PalmPay POS Machine
There are two different types of PalmPay POS machines that you can apply to get, each of them have features that make them unique. They are outlined below with their prices
- PalmPay Android POS Machine:
The purchasing cost for this type of PalmPay POS machine is between N60,000-N90,000. But if you don’t have money to buy it outrightly, you can rent (cautionary) it at the cost of N30,000.
- Traditional PalmPay POS Machine:
The renting cost of a traditional PalmPay POS machine is N20,000 while the purchasing cost is between N40,000 – N60,000.
From the above, we can see that the traditional PalmPay POS machine is cheaper when compared with the Android type, hence you can go for the one that you can afford but the Android type is more durable. Additionally, if you have enough money, it is better to buy the POS machine outrightly than renting it.
Why Choose PalmPay POS Machine
There are numerous reasons why some people choose PalmPay POS machine over others, some of the reasons include but are not limited to:
- Their agents receive commissions on a weekly basis as opposed to their counterparts that pay monthly.
- There is no minimum amount required to get the POS machine.
- They give their agents free flyers & banners and lots more.
Conclusion
Getting a PalmPay POS machine is easy, once you meet the requirements you can apply for the type of POS machine that you want following the steps outlined in this article. However, if you’d like to get a POS machine from other financial institutions, then you should check our next post. Cheers!
