If you are planning to use a Moniepoint POS for your business, one of the first things to understand is how much each transaction costs.
Moniepoint POS charges depend on the type and amount of transaction. The commonly published structure includes a percentage charge for smaller cash withdrawals, a capped fee for larger withdrawals, and a separate charge for transfers. There is also now 7.5% VAT on applicable POS service fees, which is shown separately on receipts and statements.
Moniepoint also currently operates a cashback programme for POS owners, so the effective cost can be reduced depending on the business’s weekly transaction tier.
Read also: How to Get a Moniepoint POS in Nigeria: Requirements, Cost and Steps
Here is a breakdown of the charges and what they mean for a POS operator in Nigeria.
Moniepoint POS Charges at a Glance
The published Moniepoint POS pricing structure can be summarised as follows:
| Transaction | Base charge |
|---|---|
| Cash withdrawal of ₦1–₦20,000 | 0.5% of amount |
| Cash withdrawal above ₦20,000 | ₦100 |
| POS transfer | ₦20 |
| Applicable VAT | 7.5% of the service fee |
| POS terminal request | ₦21,500 on the current official POS page |
The underlying POS transaction fees are reflected in Moniepoint’s published POS information, while its current VAT guidance confirms that VAT is calculated at 7.5% of the applicable service fee.
Because pricing and promotional programmes can change, users should always check the amount displayed on the Moniepoint terminal or account before completing a transaction.
How Much Does Moniepoint Charge for POS Withdrawal?
For cash withdrawals, Moniepoint’s published pricing structure is based on the amount being withdrawn.
For withdrawals from ₦1 to ₦20,000, the base charge is 0.5% of the transaction amount.
For withdrawals above ₦20,000, the base charge is ₦100.
For example:
| Withdrawal amount | Base Moniepoint charge |
|---|---|
| ₦1,000 | ₦5 |
| ₦2,000 | ₦10 |
| ₦5,000 | ₦25 |
| ₦10,000 | ₦50 |
| ₦15,000 | ₦75 |
| ₦20,000 | ₦100 |
| Above ₦20,000 | ₦100 |
These are the base service charges before applicable VAT.
What happens when VAT is added?
Moniepoint’s current support documentation states that VAT is 7.5% of the applicable service fee and that it is displayed separately on the receipt or account statement.
For example, if the base service fee on a transaction is ₦50:
VAT = ₦50 × 7.5% = ₦3.75
So the service fee plus VAT would be ₦53.75.
The VAT is collected by Moniepoint on behalf of the government; Moniepoint says it does not retain the VAT as its own revenue.
How Much Does Moniepoint Charge for ₦5,000 Withdrawal?
A ₦5,000 withdrawal falls within the 0.5% pricing bracket.
₦5,000 × 0.5% = ₦25
The base transaction fee is therefore ₦25.
With 7.5% VAT on the ₦25 service fee:
₦25 × 7.5% = ₦1.875
That makes the service fee plus VAT approximately ₦26.88.
The exact amount shown to the customer can depend on how the transaction is presented and settled by the terminal.
How Much Does Moniepoint Charge for ₦10,000 Withdrawal?
For a ₦10,000 withdrawal:
₦10,000 × 0.5% = ₦50
The base POS service fee is ₦50.
VAT at 7.5% would be:
₦50 × 7.5% = ₦3.75
So the service fee plus VAT is ₦53.75.
How Much Does Moniepoint Charge for ₦20,000 Withdrawal?
A ₦20,000 withdrawal reaches the ₦100 fee under the 0.5% structure:
₦20,000 × 0.5% = ₦100
VAT on the ₦100 service fee is:
₦100 × 7.5% = ₦7.50
Therefore, the service fee plus VAT is ₦107.50.
For withdrawals above ₦20,000, the published base charge remains ₦100 rather than continuing to increase by 0.5%.
What Is the Moniepoint POS Transfer Charge?
Moniepoint’s published POS information states that transfers attract a ₦20 fee.
This is different from a cash withdrawal.
For example, if a customer wants to send ₦10,000 to another bank account through a Moniepoint POS, the POS operator should account for the applicable transfer charge rather than treating it as a cash withdrawal.
Applicable VAT can also affect service fees. Moniepoint currently states that VAT at 7.5% applies to POS transaction fees and other listed banking service fees.
Does Moniepoint Charge for POS Payments?
Yes, POS payments are subject to transaction fees.
Moniepoint’s current POS rewards page states that payments attract a fee based on the transaction amount. For payments below ₦3,000, the published fee is 0.5% of the transaction amount. For transactions above ₦3,000, Moniepoint publishes a tiered fee table, with the fee increasing in ₦5 increments and reaching a ₦100 cap at ₦20,000.
This is particularly relevant to merchants accepting card payments.
The current rewards programme can return a percentage of the transaction fee to eligible POS owners.
Moniepoint POS Cashback: How It Can Reduce Your Effective Charges
Moniepoint currently has a rewards programme for POS owners.
Your weekly transaction value determines your rewards tier:
| Weekly transaction value | Tier | Cashback on POS payments |
|---|---|---|
| ₦0–₦699,999 | Rising Star | No cashback |
| ₦700,000–₦2,499,999 | Super Star | 8% of transaction fee |
| ₦2,500,000+ | Mega Star | 12% of transaction fee |
The tier is based on the previous week’s qualifying POS transaction value and applies to the following week. Moniepoint says qualifying activity includes card swipes and POS transfers.
For example, if your transaction fee is ₦50 and you are in the Mega Star tier, a 12% cashback would be:
₦50 × 12% = ₦6
Your effective fee after the cashback would therefore be ₦44 before considering applicable VAT.
The cashback programme is important for busy POS businesses because transaction volume can affect the rewards they receive.
How Much Does a Moniepoint POS Machine Cost?
The current official Moniepoint POS page lists the terminal request cost at ₦21,500. Moniepoint says this amount consists of:
- ₦10,000 caution fee
- ₦10,000 logistics fee
- ₦1,500 insurance fee for one year
The company says the POS is delivered within 48 hours after the request is completed.
This is separate from the transaction charges you pay or collect while operating the terminal.
It is therefore useful to distinguish between the cost of obtaining the POS and the fees associated with transactions processed through it.
Are Moniepoint POS Charges the Same for Every Transaction?
No.
The fee depends on the type and amount of transaction.
A cash withdrawal, transfer and card payment do not necessarily follow the same pricing calculation.
There can also be differences caused by promotional rewards and applicable taxes.
For that reason, a POS operator should not simply tell customers that “Moniepoint charges 0.5%” for every transaction. That would be an oversimplification.
The transaction type and amount matter.
Does VAT Increase Moniepoint POS Charges?
VAT can increase the amount payable on an applicable service fee, but Moniepoint says the VAT itself is a government tax rather than an increase in its underlying prices.
As of 2026, Moniepoint states that 7.5% VAT applies to POS transaction fees and several other financial service fees. The VAT is shown separately on receipts and statements.
This distinction matters when comparing older Moniepoint POS charge information online.
An article published before the current VAT treatment may show only the underlying transaction fee and not the additional VAT.
Does Moniepoint Charge Customers or POS Agents?
The answer depends on what transaction is being discussed.
A POS business owner operates the terminal to provide services to customers, while Moniepoint applies its own transaction fees to the relevant POS activity.
The amount a customer pays to a POS agent can therefore include the agent’s service charge or commission to the customer, while the agent also has to account for the charges imposed by the POS provider.
POS agents should calculate their pricing carefully rather than simply adding an arbitrary amount to every transaction.
How POS Agents Can Calculate Their Charges
A simple approach is to separate three things:
1. Customer withdrawal amount
This is the cash the customer wants to receive.
2. Moniepoint transaction fee
This depends on the transaction type and amount.
3. Your business margin
This is what you charge for providing the service, where applicable.
For example, if a customer withdraws ₦10,000 and the applicable Moniepoint base service fee is ₦50, the agent should understand that ₦50 is a cost associated with the transaction.
If VAT applies, the agent also needs to account for the additional tax on the service fee.
This makes it easier to set prices without accidentally eating into your business profit.
Is There a Charge for Getting a Moniepoint POS?
Yes. Moniepoint’s current official POS page lists ₦21,500 as the amount required to get its POS terminal. The company says this covers the caution fee, logistics fee and one-year insurance fee.
This should not be confused with the fees charged on individual transactions.
A business owner should budget separately for:
- Initial POS acquisition cost
- Cash needed to serve customers
- Transaction-related charges
- Possible operating expenses
- Customer service charges
- Taxes applicable to services
What Is the Cheapest Moniepoint POS Transaction?
For cash withdrawals, the smallest percentage-based charge occurs on smaller transactions because the fee is calculated at 0.5%.
For example, a ₦1,000 withdrawal has a base service fee of ₦5.
However, the fact that the transaction fee is low does not automatically mean that a POS agent will make a large profit. The agent still has operating expenses such as transportation, rent, electricity, cash sourcing and other business costs.
A profitable POS business therefore depends more on transaction volume and overall operating costs than on the fee from one transaction.
Things to Check Before Charging a Customer
Before completing a transaction, POS operators should check:
- The amount entered on the terminal
- The transaction type
- The fee displayed
- The customer’s expected cash amount
- The receipt after a successful transaction
- Any applicable VAT
- Whether the transaction qualifies for a cashback programme
Moniepoint’s current POS offering supports both card payments and transfers, so the transaction type should be confirmed before calculating the expected charge.
Frequently Asked Questions
How much does Moniepoint charge for ₦1,000 withdrawal?
The published base fee for a withdrawal of ₦1,000 is 0.5%, which equals ₦5, before applicable VAT.
Does Moniepoint charge ₦100 for every withdrawal?
No. The published structure charges 0.5% for withdrawals from ₦1 to ₦20,000, while withdrawals above ₦20,000 attract a ₦100 base fee.
What is the Moniepoint POS transfer fee?
Moniepoint’s published information lists a ₦20 transfer fee. Applicable VAT may also apply to the service fee.
How much is VAT on Moniepoint POS charges?
Moniepoint currently states that VAT is 7.5% of the applicable service fee. It is shown separately on receipts and account statements.
Can Moniepoint POS agents get cashback?
Yes. Moniepoint currently offers cashback to eligible POS owners. The rewards depend on the agent’s weekly transaction tier, with the current programme offering up to 12% back on POS payment transaction fees.
Conclusion
Moniepoint POS charges are not based on one flat rate for every type of transaction.
For cash withdrawals, the published structure uses 0.5% for amounts up to ₦20,000 and a ₦100 base fee above ₦20,000. Moniepoint also lists a ₦20 transfer fee, while card payments have their own fee structure.
Another important change for POS operators in 2026 is the application of 7.5% VAT to applicable POS service fees. Moniepoint says the tax is collected and remitted to the government and is displayed separately on transaction records.
For business owners, the best way to understand your actual cost is to consider the transaction type, transaction amount, applicable VAT and any cashback available under your current Moniepoint rewards tier.