Baxi POS Machine: How much is Baxi POS machine, what are Baxi POS charges, and how to get Baxi POS. Seeking answers to that? Then this post is for you.
Recently, POS agents have been earning a lot of money as it is now the fastest way to access cash in Nigeria. Also, cashless payments are fastly coming to life for businesses and customers alike, as the FGN is rolling out the cashless policy.
All these have consistently increased the demand for POS. Due to that, more and more people want to become agents, as well as businesses want to get paid easily.
One such payment solution that has gained popularity among merchants and businesses is the Baxi POS. Its services also help agents make thousands of Naira on a daily basis.
In this post, we’ll explain everything about Baxi POS and how it works. Also, you’ll get to know the Baxi POS machine price in Nigeria, how to apply for Baxi POS, as well as the additional services offered by Baxi.
Without wasting time, let’s dive straight in!
About Baxi POS?
Baxi POS is a point-of-sale (POS) solution that enables businesses to accept payments from customers using their debit card and mobile money.
The solution is provided by MFS Africa, a Nigerian tech company that is focused on providing financial services to the underbanked population in the country.
Read Also: How to Get Opay POS for Cheap Price
Why Choose Baxi POS Machine?
Some of the benefits of using Baxi POS include:
- Instant transaction confirmation
- Real-time reporting and analysis
- It has a user-friendly dashboard
- It is affordable
- Good commissions
- Great customer support
- Secure and reliable transactions
Now that you’ve known why lots of people choose Baxi POS, let’s see how much is Baxi POS machine.
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Baxi POS Machine Price
Baxi has two types of POS which come in different prices. The price of Baxi Android POS is N80,000, while the Baxi mPOS costs N30,000.
These are one-time payments for the Baxi Box POS machine outright purchase. That means you won’t be charged a monthly fee or renewal fee after you start using it.
Baxi also offers a more flexible way to acquire their mPOS machines. Here you’ll need to hire it, where you’ll pay a cautionary fee N5,000. After that, you’ll pay N15,000 to get handed the device.
With that out of the way, let’s get started with the Baxi POS agent registration process.
Related: How to Get Opay POS Machine for FREE
Baxi POS Machine Requirements
To be eligible for the Baxi POS machine application, you must meet some requirements. These include:
- An active Baxi account
- A valid bank account
- A valid Bank Verification Number (BVN)
- Valid means of identification such as a Voter’s Card, National ID Card, Drivers License, or International Passport
- 2 Passport photographs
- A recent utility bill
Once you have all these ready, you can now proceed to apply for a Baxi POS machine.
Check Out: How to Get MoniePoint POS Under 24 Hours
How to Get Baxi POS Machine
Here’s a step-by-step guide to applying for a Baxi POS machine:
- Download the Baxi App, or visit their website.
- Register an agent account using your phone number
- Upgrade your account to Baxi Pro with your BVN
- Request for Baxi mPOS or Andriod POS
- Fill out the Baxi POS registration form, and then submit it for review
Once all this is done, the Baxi Box team will review your application. This usually takes anything from 24 to 48 hours. Keep in mind that they may approve or decline your request.
If it is approved, you will be contacted and given instructions on how to get your POS machine. However, you can reapply if your request was declined.
That’s all on how to get Baxi POS in Nigeria. Now, let’s see the charges of Baxi POS when you become an agent.
Baxi POS Charges
Just like every other POS terminal providers, Baxi charges merchants on every transaction. Below is the list of the Baxi POS charges:
- 0.55% for cash withdrawals of up to N20,000
- N100 flat rate from N20,001 to N100k
- N150 rate from N100,001 upwards
- N30 flat rate applies to all cash deposits to any Nigerian bank
Baxi Box also gives merchants commission for some transactions. Below is a list of commission Baxi offers:
- MTN airtime attracts 1.6% commission
- Airtel airtime attracts 1.76% commission
- Glo airtime attracts 2.8% commission
- 9mobile airtime attracts 2.8% commission
- DStv subscription attracts 1.2 to 1.4% commission
- GOtv subscription attracts 1.2 to 1.4% commission
- PHCN bill payments attract 1.2% commission
Read Also: How to Apply for Paycenter POS Machine
Baxi POS Machine – FAQs
Is Baxi POS machine free?
No, Baxi POS machine is not free. Depending on the type, the price of Baxi POS ranges from N30,000 to N80,000.
Does Baxi pay their agent monthly?
Baxi POS agents make money daily from every transactions that they perform, and the money is automatically credited into their Baxi account.
What is Baxi POS withdrawal charges?
Baxi POS withdrawal charges for all transactions is 0.55%. However, note that it may go higher or lower depending on the amount the withdrawal is.
How do I become a Baxi POS agent?
To become a Baxi POS agent, you need to sign up on the Baxi website and provide the required documentation. Once your application is approved, you will receive training and support from Baxi through an aggregator that will be assigned to you.
How do I use a Baxi POS machine?
To use a Baxi POS machine, you need to connect it to the internet and follow the instructions on the screen. The device accepts payments through ATM cards and mobile payments.
How much is Baxi daily target?
Baxi POS doesn’t have a daily limit. Regardless of the amount of money processed, or transaction performed, you can still keep using the Baxi Box POS without restrictions.
What types of payments does a Baxi POS machine accept?
Baxi POS machine accepts payments through debit/credit cards and mobile payments.
Is a Baxi POS machine secure?
Yes, Baxi POS machine is secure as it uses advanced encryption technology to protect customer data and transactions.
Baxi provides a range of POS services that make cashless payments and financial transactions easy, secure, and accessible. Baxi POS machines are an affordable and convenient option for businesses looking to accept cashless payments.
Becoming a Baxi agent offers an additional source of income and access to Baxi’s suite of digital financial services.
With this post on how to become a Baxi agent, I believe you’ve known exactly how to get Baxi POS machine, and also the price of POS machine, as well as the Baxi POS charges.