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In the dynamic landscape of Nigerian business, Point of Sale (POS) machines have emerged as indispensable tools, revolutionizing the way transactions are conducted. One prominent player in this arena is PalmPay, offering both traditional and Android POS machines. This comprehensive guide provides valuable insights into PalmPay POS machine prices, the application process, eligibility criteria, and reasons why PalmPay stands out among the competition.

PalmPay POS Machine Prices in Nigeria:

Understanding the cost of starting a PalmPay POS business is crucial. PalmPay offers two types of POS machines:

  1. PalmPay Traditional POS Machine: N30,000
  2. PalmPay Android POS Machine: N60,000

Additionally, a cautionary fee, akin to a rental fee, is charged by PalmPay. This fee is refundable upon returning the POS machines:

  1. Cautionary Fee for Traditional POS: N20,000
  2. Cautionary Fee for Android POS: N30,000

Eligibility Criteria to Apply for a PalmPay POS Machine:

Before becoming a PalmPay POS operator, certain eligibility criteria must be met:

  1. Familiarity with PalmPay’s user interface and transaction patterns.
  2. Business venue not in proximity to any other PalmPay agent.
  3. Valid means of identification (international passport, driver’s license, national identification card, or voter’s card).
  4. Utility bills (electricity, waste, water bills, or rent receipts).
  5. Valid account number.

How to Apply for a PalmPay POS Machine:

Applying for a PalmPay POS machine is a straightforward process:

  1. Download the PalmPay POS app from the Apple Store or Google Play Store.
  2. Install and set up your account.
  3. Log in, go to the dashboard, and select “PalmPay POS.”
  4. Choose “Apply Now” and upgrade your account by providing BVN details.
  5. Complete the application process and await a customer care representative to reach out.

Upon approval, pay the cautionary fee, and the PalmPay POS machine will be delivered, enabling you to commence your business.

PalmPay ATM Card Charges to Agents:

PalmPay imposes specific charges on POS agents for each withdrawal, allowing agents to set customer transaction fees at their discretion. Here’s a breakdown:

1k = 5 naira 2k = 10 naira … 20k to 1 million naira = 100 naira

PalmPay also charges a flat rate of 10 naira for all deposits.

Reasons Why You Should Choose PalmPay POS Machines:

  1. Easy to Meet Daily Targets: Achieve your business goals effortlessly.
  2. Unlimited Funds Transfer: Facilitating seamless transactions.
  3. Seamless Cash Withdrawals: Enhancing customer convenience.
  4. Variety of POS Machines: Choose between traditional and Android options.
  5. Account Balance Check: Easily accessible for customer convenience.
  6. Affordable Machines and Charges: Cost-effective for operators and customers.
  7. Utility Bill Payments: Conveniently pay electricity, water bills, and more.
  8. TV Subscriptions and Airtime Payments: Expand your services effortlessly.


PalmPay’s presence in the Nigerian POS market brings convenience and affordability to businesses. Whether you’re a prospective operator or a customer, PalmPay’s user-friendly interface, transparent charges, and diverse services make it a standout choice. Dive into the world of hassle-free transactions and financial empowerment with PalmPay POS machines.

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