Perhaps you’re a PalmPay POS agent or an intending agent that wants to know the daily target that a PalmPay POS agent must meet to continue using the terminal. You’re in the right place; we have your back. We know that meeting daily targets is important for the success and growth of the business, which is normally beneficial to the fintech company and the agent as well.
PalmPay POS is an advanced payment solution that is designed to streamline transactions and enhance business operations. It offers a wide range of features for different businesses, including retail, restaurants, hospitality, and more. These unique features simplify the process of accepting payments, managing inventory, and tracking sales; hence, meeting a daily target may not be difficult if you’re dedicated to your business.
Related: Types of POS machine
PalmPay POS Daily Target
The PalmPay POS daily target is pegged at ₦30,000.
This means that if you are a PalmPay POS agent, the minimum total transaction that you are expected to carry out on a daily basis is ₦30,000. To this end, if you’re unable to carry out transactions that are above or equal to the daily target, there is a likelihood that PalmPay may collect their POS terminal from you. Hence, it is advisable to analyze your business environment very well before opting for a POS from PalmPay.
On the other hand, PalmPay POS also has a maximum daily transaction limit of ₦500,000. This means that if you use the PalmPay POS terminal to process transactions that are worth ₦500,000 in a day, you may not be able to carry out another transaction on that particular day with that terminal. However, this maximum daily limit is subject to change, and you may need to contact PalmPay staff because the limit can be increased.
How Much Is PalmPay POS In Nigeria?
The caution fee for an ordinary PalmPay POS terminal is ₦20,000, while for the Android device it is ₦30,000. Although the application for the PalmPay POS terminal is absolutely free, the caution fee is mandatory.
Bottom Line
Before you opt for a PalmPay POS terminal, it is important to evaluate your business very well to ensure that you will be able to meet the daily target. If you fail to meet the daily target, there is a likelihood that they will collect their POS terminal from you. Please be guided!