In Nigeria, Moniepoint is one of the big players in the finance sector. They offer different services like point-of-sale (POS) transactions, deposits, withdrawals, and sending money to others. It’s important for people using Moniepoint to know about the charges they might have to pay. In this guide, we’ll talk about these charges and what to expect when using their services.

How to calculate moniepoint charges in Nigeria

When you want to know how much Moniepoint will charge you for using their services, you need to think about a few things. First, the type of transaction, transaction amount, and specific fees associated with each transaction.. Moniepoint, sometimes, might take a small percentage of the money you’re transacting with, or they might have a set charge depending on the nature of the transaction.

Moniepoint pos transaction charges

• When you use Moniepoint POS, they might charge you a little bit. The amount they charge you depends on how many transactions you carried out.

• For each time you use your card, they might charge you between N6.2 to N20.

• If you withdraw money from Moniepoint, they’ll only take 0.5% if it’s up to N20,000. But if it’s more than that, they’ll take a flat rate of N100.

• If you send money to someone, they’ll charge you N20 each time.

• Also, Moniepoint gives commissions to people who help others pay for things like DSTV, GOTv, StarTimes, and phone data for MTN, Glo, 9Mobile, and Airtel. They’ll give commission for helping.

• For buying electricity tokens, they will give you commissions too, which can be between 2% to 4.5%.

These charges are okay and not too much, which makes Moniepoint a good choice for businesses.

How much does moniepoint charge for 10000?

Moniepoint charge depends on the type of transaction you want to make and the amount. For a N10,000 transaction:

• If it’s a withdrawal, Moniepoint charges a flat fee of N10 for transactions that are below N20,000.
• However, if it’s a POS transaction, Moniepoint charges a fee of 0.5% of the transaction amount.

To calculate the charges for a N10,000 transaction, follow these steps below:

1. For withdrawals — N10.
2. For POS transactions — 0.5% of N10,000, which is N50.

Therefore, the total charges for a N10,000 transaction with Moniepoint would be N10 for a withdrawal and N50 for a POS transaction.

How much does moniepoint charge for deposit 

Moniepoint charges a flat fee of N20 for deposits or transfers. This means that, regardless of the amount of money you deposit or you transfer, Moniepoint charges a fixed charge of N20.

Moniepoint withdrawal charges

If your transaction is below N20,000, Moniepoint charges a flat fee of N10 for transactions. However, if it’s a POS transaction, Moniepoint charges a fee of 0.5% of the transaction amount.

And when you withdraw money using Moniepoint, you don’t have to worry about paying extra charges from other banks. The only fee you pay is the Moniepoint charge.

When you use your Moniepoint card at an ATM to withdraw money, there are limits. You can’t take out more than N100,000 at once. But in one day, you can only take out up to N20,000. So, if you need cash, you can get up to N20,000 from an ATM with your Moniepoint card each day.

How much does moniepoint charge for transfer

When you transfer money with Moniepoint, they always charge N20, no matter how much money you’re sending. With Moniepoint, it’s always the same and it’s not too much.

For Moniepoint transfer limit, there are different levels that determine how much money you can transfer:

Level 1:

• You can transfer up to N500,000 in one go (credit limit), but you can only receive up to N50,000 at a time (debit limit).
• In one day, you can transfer up to N500,000 out (credit limit), but you can only take out up to N200,000 (debit limit).

Level 2:

• If you reach Level 2, you can transfer up to N5,000,000 at once (credit limit), and you can take out up to N900,000 (debit limit).

Level 3:

• You can transfer as much money as you need at a time, without any limit (credit limit).
• However, for taking money out, you can only withdraw up to N1,000,000 at once (single debit limit).
• In a day, you can withdraw up to N25,000,000 (daily debit limit).

Conclusion

Moniepoint offers transparent and affordable financial services that cater to the needs of both businesses and individuals. With these clear and affordable charges, you can manage your finances efficiently. 

Remember, It’s important to stay updated on any changes in these charges. To stay updated keep visiting this post or you visit Moniepoint’s official website or reaching out to their customer support team. 

Whether you’re transferring money or using their POS services, Moniepoint strives to provide affordable, secure and reliable financial solutions for all its users.

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