You must have read different guides on how to apply for PalmPay POS Machin in Nigeria. But so far, you haven’t come across the right article that’ll guide you properly. Well, not to worry because we’ve got you covered here at NaijaKnowHow.
We’ve provided similar banking & finance topics on applying for POS machines in Nigeria and this one is no different. PalmPay is a popular fintech company in Nigeria. And one of the benefits they offer users in Nigeria is their POS Machine. You can become a PalmPay agent and begin to make money while carrying out various offline and online payment solutions.
In this article, you’ll learn the step-by-step guide on how to apply for PalmPay POS Machine in Nigeria. The guide is pretty straightforward and there are long steps. Perhaps you want to have Opay POS as well. Here’s an article on how to apply for Opay POS in Nigeria.
How To Apply for PalmPay POS Machine in Nigeria
To get PalmPay POS Online in Nigeria is very easy, once you have all the needed documents and also met up with their requirements. You’ll become a PalmPay agent in nothing less than 7days. However, to get started, you’ll need some documents below.
Documents & Requirements to Apply for PalmPay POS in Nigeria
When applying for a POS machine on Moniepoint, below are some of the needed credentials/documents that you must possess.
- A valid ID Card (International Passport, NIN, Voters Card, or Driver’s License)
- Utility Bill (waste bill, electricity bill, water bill, etc)
- CAC documents (for registered businesses only)
- Bank Verification Number (BVN)
- A bank account with any known commercial banks in Nigeria.
- N20,000 for Only PalmPay POS.
- N30,000 for PalmPay Android Device
Steps to Apply for PalmPay POS Machine Online
Before getting the PalmPay POS machine, you must have gone through the application process first. Below are the steps you need to take before you can have a PalmPay POS or become PalmPay Agent.
Step 1: Create a PalmPay Agent Account
To apply for PalmPay POS, the first thing you need to do is create an account with them. We’ve already made a guide on how to open a PalmPay account. Or you follow up with this step by downloading the PalmPay Agent app from Google Play Store or Apple Store. You will be required to provide your personal details, including your name, email address, and phone number.
Step 2: Verify Your Account
Creating your PalmPay Agent account is just the first step, you’ll also need to verify your account by submitting the following. Your Bank Verification Number (BVN), Valid ID Card i.e driver’s license, national ID card, or international passport. You might be asked to provide your DOB and bank account information as well.
Step 3: Apply for POS Machine
After the successful verification of your PalmPay Agent account. The next thing you need to do is Apply for PalmPay POS. to do that, Click on “Get PalmPay POS” And you’ll be asked to enter some information about yourself and your business. Check the next step to know the details you’ll be submitting.
Step 4: Provide Your Business Documents
Note: Any documents you’re submitting must be correct and have accurate and updated details about your business. You’ll need to provide your Business Name, Business Certificate (CAC), Business Address, Utility Bills and so on. Then click on “Submit“.
Step 5: Await Approval Once You Apply for PalmPay POS
You’ll get a response from PalmPay in 7 working days. If your documents are legit, you might be approved for a PalmPay Agent POS in a few days. But if your information doesn’t match, you might be disapproved within hours or wait longer than usual. The approval message comes in SMS or Email.
Step 6: Activate Your POS Machine
Once your PalmPay Agent application is approved and you’ve gotten your PalmPay POS Machine. The next thing to do is activate it, there’ll be an instruction that comes with the POS Machine. From there, you can learn how to set up the POS machine and start using it to process and accept payments for customers.
Applying for a PalmPay POS Machine in Nigeria is that easy. Provided you follow the steps that we’ve implemented in this article, you’re good to go. Just make sure your accounts are properly created and verified and your business documents are legit. Don’t forget to leave a comment below if you have any questions or need our assistance.