If you plan to start a POS business to hustle your urgent 2K daily with the Flutterwave terminal, then this guide is for you.
Flutterwave is one of the top POS terminals in Nigeria. They provide a physical Android terminal and an app for convenient cashless transactions.
We’ve covered everything from how to get Flutterwave POS machine to the price, transaction charges, and becoming an agent.
Is Flutterwave POS good?
The Flutterwave terminal is one of the best POS machines in Nigeria, as it accepts payments both locally and internationally. It also provides fast connectivity with few downtimes.
Flutterwave offers two types of point-of-sale terminals;
- Android (physical) terminal
- Mobile (app) terminal
About Flutterwave Android POS
The Flutterwave Android POS functions like a smartphone. It has a touchscreen feature and is very handy. Cash withdrawals and fund deposits can be done on this POS machine.
The Flutterwave android POS accepts transactions from;
- PAGA
- PayPal
- Credit and Debit cards
- Mobile Money and
- Barter.
Features of the Flutterwave Android POS include:
- Bill Payment: On the Flutterwave POS, you can pay bills such as airtime, data subscription, electricity, and more.
- Fast Transfers: Transfers can be made any time of the day from customers to businesses and vice-versa.
About the Flutterwave Mobile POS
The Flutterwave Mobile POS allows you to turn your smartphones or tablets into a POS machine. Just like other point-of-sale services, you can use it for transactions like bill payments, cash withdrawals, and fund transfers.
Below are the unique features of the Flutterwave Mobile POS
- Payment links: Flutterwave POS enables businesses to create payment links, which can be sent to customers to make payments.
- Checkout: The Checkout feature can be used to collect payments from your customers anywhere in the world. All you need to do is to insert it into the checkout page of your business site.
- Flutterwave Store: The Flutterwave store is a feature that enables you to run an online business at no extra cost. You can set up an online store in seconds and share your store link with customers.
The Flutterwave mobile application can be downloaded on your smartphone, set up and you begin to transact with it.
Flutterwave POS Machine Price in Nigeria
The Flutterwave POS Machine is FREE of charge. However, to get it, you will be required to pay a CAUTIONARY FEE of N10,000. This is paid in case the POS gets damaged.
You get the caution fee back whenever you decide to return the POS machine, and it’s in good condition.
Flutterwave POS Charges in Nigeria
For deposits, Flutterwave charges a sum of N20 for every transaction. This applies to all amounts.
Flutterwave POS charges 0.6% on every withdrawal. For instance, a withdrawal of N1000 will attract a N6 charge, N2000 will attract a N12 charge, and so on.
Here’s a breakdown of how much Flutterwave charges for withdrawals.
| Amount | Charges |
| N1000 | N6 |
| N2000 | N12 |
| N3000 | N18 |
| N4000 | N24 |
| N5000 | N30 |
| N6000 | N36 |
| N7000 | N42 |
| N8000 | N48 |
| N9000 | N54 |
| N10000 | N60 |
Transactions that exceed N20,000 follow the same pattern on Flutterwave POS.
Usually, the Federal Government charges a N50 stamp duty on withdrawals or transfers of N10,000 or more. However, this stamp duty is not charged when using Flutterwave POS.
How to Become a Flutterwave POS Agent
Now that you know about the Flutterwave POS machine and its features, let me tell you how you can become an agent.
To become a Flutterwave point-of-sale agent, you must have the following requirements;
- Valid Identification (National identity card, Driver’s license, International Passport, or Voter’s card)
- Account number
- Bank Verification Number (BVN)
- Utility Bill
- CAC registration certificate (for business owners)
- Functional Email Address
- N10,000 Caution fee.
When you have met these requirements, you can proceed to request the POS terminal from Flutterwave.
How to Get Flutterwave POS Machine, Step-by-Step
Before requesting a Flutterwave terminal, you’ll need to open an account. Here’s how to do it;
Step 1: Go to Flutterwave
Download the Flutterwave app or visit Collect Payments page on their website. Scroll down and click the “Get a POS machine” option. Fill in your basic details and agree to their terms. You’ll get a verification code in your email; input it and complete the signup.
Step 2: Choose Account Type
Select your preferred account type (unregistered business, registered business, or non-profit entity). Choose [unregistered] if you haven’t done your CAC registration. Then select [start receiving payment] in the next window.
Step 3: Provide Business Details
Begin account verification by entering your bank account details and verifying your BVN. Upload a valid means of identification (for individual accounts) or the Certificate of Incorporation (for business accounts).
Step 4: Complete Verification
Complete the four step-verification process and click ‘Submit Documents.’ Flutterwave will have your account verified within 24 to 48 hours.
Step 5: Request POS
Click on [Payments] from your dashboard and select [Point of Sale (POS)]. Fill the form with your monthly revenue and daily sales, then select the number of devices you need. Choose your state and city, and submit the form.
Wait for a response within five business days. If your request is approved, a customer support agent will contact you with the next steps. They’ll most likely link you up with an aggregator in your area who will provide the physical machine to you.
Customer Care Support for Flutterwave POS
Flutterwave POS offers support and customer care services to their Agents and POS users.
For complaints and inquiries, you can contact the Flutterwave POS Customer Care Support on this number; +234 1-8889595 and their WhatsApp numbers; +234 908 843 0803, +234 906 297 9733.
You can also send a mail to hi@flutterwavego.com with your complaint or inquiry as the subject line.
Alternative POS Machines in Nigeria
Apart from the Flutterwave POS machine, Nigeria has several good and affordable POS machines. You can pick any of them and start using them to transact today. The popular ones include;
Opay: This is Nigeria’s most popular POS machine and offers faster transaction speeds. Here’s our guide on how to get OPAY POS Machine.
PalmPay: This POS is known as one of the cheapest POS machines in Nigeria. They give daily commissions and affordable charges. Read how to get PalmPay POS machine.
Nomba POS machine: It’s a superb choice for small businesses, allowing you to monitor your transactions in real time. Our guide on how to get Nomba POS machine explains everything.
Moniepoint POS: This is one of the best machine providers in Nigeria, with a good network and affordable charge rates.
You can explore more options on our guide to the best POS machines in Nigeria.
Final thoughts and tips 💭
One thing worth noting is that the Flutterwave POS machine is easy to apply for. You only need to visit the Flutterwave website or download the app from your app store.
To increase your chances of getting the machine, you can apply through aggregators. These people already have a longstanding relationship with POS companies like Flutterwave, making it easier and faster to get a machine. You can find aggregators on websites like Olist and Jiji.Ng.
Frequently Asked Questions (FAQs)
How much is the Flutterwave POS Machine?
The Flutterwave POS Machine is mostly free of charge. However, a cautionary fee of N10,000 must be paid in the event of damage.
What is the Flutterwave POS daily target?
There is no known daily target for the Flutterwave POS. This is one of the major reasons the Flutterwave POS is good for business.
