Best POS Machine in Nigeria

In recent years, the importance of POS (Point of Sale) machines in Nigeria’s business landscape has grown rapidly. With the Central Bank of Nigeria (CBN) pushing for a cashless policy and the rise of mobile and card-based transactions, POS machines have become essential tools for entrepreneurs, SMEs, and agents across the country.

Whether you’re running a supermarket, a boutique, a pharmacy, or even a roadside business, having a reliable POS terminal is no longer optional — it’s a necessity.

In a largely cash-based economy like Nigeria’s, where many people still rely on physical cash for daily transactions, POS terminals serve as a critical bridge between traditional buying habits and digital payment systems.

They enable seamless debit card payments, mobile transfers, airtime top-ups, bill payments, and even withdrawals. As fintech companies expand their reach, more Nigerians are embracing POS technology for convenience and security.

Choosing the right POS machine can significantly impact your business’s profitability and customer experience. A fast, efficient POS system reduces transaction time, keeps your queue moving, and ensures fewer failed transactions — all of which boost customer satisfaction.

Additionally, lower transaction charges and quick settlement options can mean more money in your pocket at the end of the day. On the flip side, using a poor-quality POS machine can lead to frequent downtimes, customer complaints, and financial losses due to failed transactions or delays.

In this comprehensive guide, we’ll walk you through the best POS machines in Nigeria, comparing their features, charges, reliability, and ease of access.

Whether you’re just starting a POS business or looking to upgrade your current terminal, this guide will help you make the right decision based on your needs and budget. From the cheapest options to those offering the best support and fastest settlement, we’ve got you covered with all the information you need to succeed.

Stay with us as we explore the top-rated POS machines that can help you grow your income and operate smoothly in today’s cashless economy.

Contents hide

1 What Makes a POS Machine the Best in Nigeria?

2 Top 7 Best POS Machines in Nigeria (2025 Edition)

3 Which POS is Best for You?

4 How to Apply for a POS Machine in Nigeria

5 Conclusion

6 FAQs

7 Is Square really worth it?

What Makes a POS Machine the Best in Nigeria?

Choosing the best POS machine in Nigeria involves more than just picking any device that can process payments. The ideal POS machine must meet the realities of the Nigerian business environment — from network stability to affordability. Below are the most important criteria that define the best POS machines in Nigeria:

1. Fast and Reliable Network Connection

In Nigeria, where network downtime is common, a good POS machine must offer stable and fast connectivity. The best providers use SIM cards with multi-network options or offer dual-SIM functionality, ensuring that when one network fails, the other picks up. Smooth transactions mean fewer failed transfers and less customer frustration.

2. Affordable Transaction Charges

POS agents and business owners rely on commissions or reduced charges to stay profitable. High transaction fees can eat into your earnings. The best POS providers offer competitive and transparent rates, often around ₦10 to ₦20 per ₦1,000 or a flat percentage per transaction. Lower charges give you a better edge in the market and higher returns.

3. Availability of Customer Support

Good customer service is a must. Issues like card decline errors, reversals, or settlements require prompt resolution. The best POS companies offer 24/7 customer support through calls, WhatsApp, or in-app chat. Prompt assistance ensures your business stays operational and avoids losses.

4. Durability and Battery Life

Nigeria experiences frequent power outages, so a POS machine with strong battery life is essential. The best devices offer 8–12 hours of uninterrupted service. Durability also matters, especially for field agents or businesses in busy environments. A rugged, well-built machine reduces the cost of repairs or replacements.

5. Easy Application Process

No one wants to wait endlessly to get a POS machine. The best providers make onboarding seamless — often within 24–72 hours — and require minimal documentation (valid ID, BVN, and business address). Some even offer walk-in registration and same-day collection.

6. Speed of Payment Settlement

The faster your money drops, the better. POS providers now offer instant settlement or T+1 (next-day settlement). Quick access to funds improves business cash flow and reduces dependence on loans.

7. Low Cost of Acquiring the Machine

Affordability is crucial, especially for new business owners. The best POS companies offer free terminals, rent-to-own options, or subsidized rates (₦10,000 to ₦30,000). This makes entry easier for small business operators or agents in rural areas.

In summary, the best POS machine in Nigeria should be fast, affordable, reliable, and easy to access. When these factors align, business owners enjoy better profits, satisfied customers, and peace of mind.

Top 7 Best POS Machines in Nigeria (2025 Edition)

If you’re looking to start or upgrade your POS business in Nigeria, choosing the right terminal is key to maximizing profits, ensuring fast transactions, and maintaining customer trust.

Below are the top 7 POS machines in Nigeria for 2025, carefully selected based on affordability, performance, settlement speed, and ease of use.

1. Moniepoint POS – Reliable Network and Fast Settlement

• Startup Cost: ₦21,500 (refundable caution fee)

• Transaction Charges: ₦20 flat fee for withdrawals up to ₦4,000; ₦0.50 for transfers

• Settlement Time: Instant (real-time settlement)

• Features: Long battery life, strong network via multi-SIM, durable build, printer included

• How to Get It: Apply via the Moniepoint website or visit a business relationship officer. Requirements include BVN, valid ID, and business location verification. Activation is usually within 48–72 hours.

2. OPay POS – Low Charges and Free POS for Active Users

• Startup Cost: Free for active agents (₦20,000 caution fee refundable upon activity)

• Transaction Charges: 0.5% per withdrawal up to ₦20,000; capped at ₦100

• Settlement Time: Instant

• Features: Touch screen interface, reliable network, airtime/data vending, utility payments

• How to Get It: Download the OPay Business App, register, upload KYC documents (ID, BVN, and photo), and request a POS. Approval is typically fast, with delivery within a few days.

3. PalmPay POS – Smart POS and Agent Support

• Startup Cost: ₦30,000 caution fee

• Transaction Charges: 0.5% per withdrawal capped at ₦100; free for deposits

• Settlement Time: Instant

• Features: Touch screen, Wi-Fi & SIM, stable software, fast transactions, agent dashboard

• How to Get It: Sign up via the PalmPay Agent App or website. Submit your BVN, ID card, and utility bill. A field officer may contact you for physical verification before device delivery.

4. Baxi Box POS – Strong for Agent Banking

• Startup Cost: ₦20,000–₦30,000 (varies by model)

• Transaction Charges: 0.55% per withdrawal; ₦10 for transfers

• Settlement Time: T+1 (next business day)

• Features: Supports card and USSD, strong support for multiple services like DSTV, WAEC, etc.

• How to Get It: Register on the Baxi website or app, submit KYC documents, and undergo agent onboarding. Device pickup or delivery follows within 3–5 business days.

5. Kuda POS – Digital Bank Tech

• Startup Cost: Invite-only or pilot rollout (2025 expansion ongoing)

• Transaction Charges: Competitive; usually around 0.5% for withdrawals

• Settlement Time: Instant

• Features: Sleek interface, good battery life, smooth user experience, built-in printer

• How to Get It: Currently available to select merchants via Kuda’s business account. Interested users should open a Kuda Business account and wait for rollout expansion notifications.

6. Paga POS – Trusted Fintech

• Startup Cost: ₦30,000 (may vary by region)

• Transaction Charges: 0.55% for withdrawals, ₦10 flat for transfers

• Settlement Time: T+1

• Features: Accepts cash-in, cash-out, deposits, bill payments, and remittances

• How to Get It: Sign up via the Paga Agent portal, complete KYC, and attend onboarding. Devices are usually dispatched to verified and active agents.

7. Bank POS (FirstMonie, Access Closa) – Brand Trust

• Startup Cost: Often free (banks may require minimum float)

• Transaction Charges: Around 0.75% for withdrawals; depends on bank

• Settlement Time: T+1 (some offer same-day settlement)

• Features: Trusted banking brand, good for rural coverage, cash deposit and withdrawal

• How to Get It: Visit the nearest branch of your preferred bank (e.g., First Bank, Access Bank), request POS onboarding under their agent banking program, and complete physical verification and KYC.

These POS machines offer some of the best features for agents and business owners across Nigeria in 2025. Whether you’re after instant settlement, low charges, or reliable support, one of these options will fit your goals. The right choice can turn your POS side hustle into a profitable full-time business.

Here’s a simple and clear comparison table of the top POS machines in Nigeria (2025 Edition), focusing on the key factors that matter most:

This comparison table helps readers quickly assess which POS provider suits their budget, business volume, and customer service needs. If you’re aiming for instant settlement and strong support, Moniepoint, OPay, and PalmPay stand out. For brand trust, bank POS options may work best in rural areas or cash-heavy zones.

Which POS is Best for You?

Choosing the best POS machine in Nigeria depends on several personal and business-related factors. There’s no one-size-fits-all solution — your choice should align with your budget, daily transaction volume, business location, and network availability in your area. Below is a breakdown to help you decide the right POS terminal for your specific situation:

1. If You’re on a Tight Budget:

If you have limited startup capital, go for OPay POS or a Bank POS (like FirstMonie or Access Closa).

• OPay POS offers a free POS terminal for active agents after a refundable caution fee (₦20,000).

• Bank POS terminals are often free, although they may require a minimum float or daily target.
  These are perfect if you want to get started with little financial risk.

2. If You Handle High Daily Transaction Volumes:

For businesses or agents processing large daily transactions (₦50,000 and above), Moniepoint POS is highly recommended.

• It offers flat and predictable charges, making it easier to maximize profits.

• The instant settlement ensures your funds are available immediately to keep your cash flow strong.

• The terminal is durable, and the network is optimized for speed and uptime.

3. If You Operate in a Rural or Semi-Urban Area:

Network reliability is often poor in rural zones. Moniepoint, PalmPay, and Baxi POS are good options.

• Moniepoint POS comes with dual-SIM support and connects to multiple networks.

• Baxi POS supports both card and USSD transactions, making it versatile in low-network areas.

• Bank POS devices like FirstMonie are also ideal in remote areas due to the trust people place in banks and ease of access to cash deposits.

4. If You’re in an Urban Location with Fast Network:

Urban agents and business owners can consider PalmPay, OPay, or Kuda POS.

• These offer smart POS features like touchscreen, app integration, fast processing, and quick settlements.

• OPay POS has the lowest transaction charges in most urban centers and provides excellent support.

• Kuda POS (still in rollout phase) is sleek and ideal for modern, tech-savvy business owners looking for seamless integration with a digital bank.

Final Tip:

Before choosing, test network strength in your specific location. A POS machine is only as good as the connection it relies on. Even the best terminal will underperform in areas with weak mobile signals. If possible, ask existing agents around you what they use — their experience can guide your decision.

By matching your needs with the right POS provider, you can grow a profitable, stress-free POS business in Nigeria.

How to Apply for a POS Machine in Nigeria

Getting a POS machine in Nigeria has become easier with the rise of fintech platforms and digital banking. Whether you’re starting a POS business or want to offer payment services alongside your current business, the application process is generally straightforward.

Here’s a simple step-by-step guide on how to apply for a POS machine in Nigeria:

1. Register as an Agent on the Provider’s Website or App

Start by choosing your preferred POS provider — such as Moniepoint, OPay, PalmPay, Paga, Baxi, or a bank agent platform like FirstMonie or Access Closa.

• Visit their official website or download their agent/mobile app.

• Fill out the agent registration form with your personal and business details.

• Some platforms require creating a wallet or account within their ecosystem during signup.

2. Provide Valid Documents (KYC Requirements)

To verify your identity and business location, you’ll need to submit the following documents:

• Valid means of identification (e.g., National ID, Voter’s Card, Driver’s License, or International Passport)

• Utility bill (NEPA, water, or internet bill not older than 3 months) showing your current address

• BVN (Bank Verification Number) linked to your name

• Passport photograph (digital upload may be required)

Ensure the details match across all documents to avoid delays in approval.

3. Fund Your Wallet or Pay Caution Fee (If Required)

Some providers will ask for a caution fee or require a minimum wallet balance before issuing a POS machine:

• For example, PalmPay charges ₦30,000, while Moniepoint requests ₦21,500 as a refundable deposit.

• OPay offers free POS machines for active agents but may still require wallet funding to enable transactions.

• Bank agents may need to maintain a float balance for cash withdrawals.

4. Receive and Activate the POS Machine

After your documents are approved and payment is confirmed, the provider will assign a field officer or ship the POS device to you.

• Activation is either automatic or done through the provider’s app.

• You’ll be trained on how to use the POS and access your agent dashboard.

Once your POS is active, you can start performing withdrawals, transfers, bill payments, and earning commissions. Some providers also offer agent support, marketing materials, and loan access as you grow.

Conclusion

When it comes to choosing the best POS machine in Nigeria, there’s no single answer that fits everyone. The right choice depends on your specific needs, including your budget, transaction volume, location, and the reliability of the network in your area.

Whether you’re looking for low transaction charges, fast settlement, long battery life, or easy access to support, there’s a POS provider out there that fits your goals.

Before making your final decision, take the time to research, compare features, and read reviews from other agents in your area. What works well for someone in Lagos might not be the best option for someone operating in a rural part of Enugu.

Evaluate what’s most important to you—be it affordability, durability, or settlement speed—and make your choice based on those priorities.

Ready to start? Apply now for the POS machine that best fits your business goals and join thousands of successful agents across Nigeria!

FAQs

Which POS brand is the best?

When considering the best POS (Point of Sale) brand in Nigeria in 2025, several factors such as reliability, customer service, transaction speed, network uptime, and affordability play a huge role. Among the many options available, Moniepoint stands out as the leading POS brand, followed closely by Opay, Palmpay, and Kuda POS.

Moniepoint POS has consistently been ranked as the most reliable in terms of network stability, especially for agents in rural and semi-urban areas. It has one of the fastest transaction times and very low failure rates, which is crucial for businesses that rely heavily on speed and uptime. Agents also have access to real-time support, dedicated field officers, and a user-friendly dashboard.

Opay POS offers sleek, durable machines and has the advantage of being backed by a widely used fintech platform. It also supports a wide range of services like airtime, bills, and transfers. However, it occasionally suffers from network delays depending on the area.

Palmpay is also gaining popularity, offering attractive commissions and a growing agent network. However, Moniepoint still outpaces it in terms of transaction stability.

For businesses looking for an international or versatile POS system, Square POS and Clover are top-tier brands globally. These offer high-tech software, reporting tools, and inventory management but are more suitable for retail stores, restaurants, and online businesses.

In conclusion, Moniepoint POS is the best brand overall in Nigeria in 2025 because of its reliability, ease of use, and efficient support network. However, the best POS brand may vary based on your business size, location, and transaction volume.

Is Opay POS better than Moniepoint?

The comparison between Opay POS and Moniepoint POS in 2025 largely depends on your location, business needs, and transaction volume. However, based on current industry reviews and agent feedback, Moniepoint POS is generally considered better than Opay POS in terms of reliability and transaction success rates.

Moniepoint POS offers better network uptime, especially in rural and semi-urban areas. Agents report that it has fewer failed transactions, processes payments faster, and offers more stable connectivity across various mobile networks. This is particularly important for agents and businesses that need to serve customers quickly and consistently.

Opay POS, on the other hand, is still a top choice due to its integration with the Opay app, allowing users to access a wide variety of services. The machine is stylish and modern and offers extras like airtime, utility payments, and even loan services. However, Opay POS machines sometimes experience delays or failed transactions depending on the location and network quality.

When it comes to charges, Moniepoint usually has lower withdrawal charges and better commission rates, which makes it more profitable for high-volume agents. Moniepoint also has dedicated field officers in most states, which helps with onboarding and resolving issues quickly.

One area where Opay excels is in user interface and technology. Its app is intuitive, and its smart POS machines offer more features. But for raw transaction reliability, Moniepoint is the preferred choice.

So, while Opay POS has its merits and is growing rapidly, Moniepoint remains the better option in 2025 for most businesses, especially those prioritizing transaction speed and network stability.

How much is the Opay POS machine 2025?

As of 2025, the Opay POS machine is priced depending on the type of device you’re applying for and your transaction performance expectations. Opay currently offers two major types of POS machines:

1. Smart POS (Android touchscreen version)

2. Mini POS (Bluetooth or M-POS device)

Here’s a breakdown of the pricing:

• Smart POS: This costs around ₦45,000 to ₦60,000 outright. This version comes with a touchscreen interface, a built-in printer, and is ideal for high-volume agents and businesses.

• Mini POS: This is more affordable and can cost between ₦15,000 and ₦25,000. It is best for agents with low transaction volumes or for backup use.

Opay sometimes provides the POS machine for free under a target-based agreement, where you must meet a specific monthly transaction threshold to retain the device. Failing to meet the target could result in penalties or withdrawal of the machine.

The application process involves submitting your BVN, valid ID, utility bill, and business location verification. Once verified, approval can take 3 to 7 days.

Opay also charges a ₦20 caution fee monthly for agents, and the withdrawal charges range from ₦10 to ₦30, depending on the amount withdrawn.

In summary, the cost of an Opay POS machine in 2025 ranges between ₦15,000 and ₦60,000, depending on the type and the terms of the acquisition. If you want to avoid paying the full price upfront, you may opt for the performance-based option, but you must meet the minimum daily or monthly targets to retain the device.

Which POS service is best?

In Nigeria in 2025, the best POS service is determined by reliability, low transaction failure rates, affordable charges, and quality customer service. Among the top providers, Moniepoint continues to rank number one in agent satisfaction.

Here’s why Moniepoint stands out:

• High Uptime: Moniepoint POS is less prone to failed or pending transactions, even in low-network areas.

• Fast Settlements: Transactions settle quickly, reducing the wait time for both agents and customers.

• Low Charges: Moniepoint charges as low as ₦6.20 per ₦1,000 withdrawal, making it more profitable for agents.

• 24/7 Customer Support: Field officers are available to assist with any POS-related issues.

• Easy Access: The registration process is quick, and machines are delivered within 5–7 days.

Following Moniepoint, Opay and Palmpay also offer excellent services. Opay integrates banking services like savings, loans, and utility bill payments, while Palmpay offers attractive cashback and commissions.

For urban businesses that deal with card-present transactions, Kuda POS and Baxi Box also offer decent services, especially for SMEs.

Overall, Moniepoint provides the best POS service in 2025 for both agents and business owners, thanks to its dependable network, low transaction charges, and wide agent support coverage.

How much is Moniepoint POS machine without target?

In 2025, purchasing a Moniepoint POS machine without any transaction target is possible through their outright purchase plan. The cost is around ₦35,000 to ₦45,000, depending on your location and the type of device you choose.

If you choose to apply under the target-free plan, you are not bound by monthly transaction limits, but you’ll need to make an upfront payment for the device. This allows for full ownership, meaning the POS terminal is yours to keep without fear of repossession or penalties.

Moniepoint may also require:

• A valid means of ID

• Proof of address (utility bill)

• A functional business location

• BVN and bank details

They will also assign a field officer to verify your business premises before approving your POS request.

Alternatively, Moniepoint offers a zero-cost or caution-fee plan for selected agents, but that comes with a monthly or daily transaction target, typically around ₦100,000 – ₦200,000 daily. If the targets are not met, penalties may apply.

To avoid these conditions, many agents now prefer to pay for the device outright. This gives them freedom from transaction pressure and allows them to operate at their own pace.

So in summary, the Moniepoint POS machine without target in 2025 costs between ₦35,000 and ₦45,000, and it is a preferred option for agents who want complete control over their business operations.

Which POS machine is best?

As of 2025, the best POS machine in Nigeria depends on what you value most—transaction speed, affordability, uptime, or additional features. However, when balancing all these factors, Moniepoint POS machine continues to lead as the most reliable and agent-friendly option.

Here’s why Moniepoint POS is considered the best:

• Fast Transaction Speed: It processes payments swiftly with minimal network delay.

• Reliable Uptime: The machine performs well even in rural areas with weak networks.

• Affordable Charges: Moniepoint charges are among the lowest, e.g., ₦6.20 per ₦1,000 withdrawal.

• Easy to Use: The machine has a simple interface, with clear prompts for agents and customers.

Aside from Moniepoint, Opay POS is also one of the best in terms of features. Their smart POS machine comes with a touchscreen, printer, and integration with other services like airtime, bills, and savings. However, its network reliability is not as consistent in all regions.

Another contender is Palmpay POS, which is becoming popular due to its incentives and bonuses for agents. However, its transaction reliability is still catching up with Moniepoint’s standards.

If you’re running a small business and need an international solution, Square POS (used more in the US, UK, and Canada) is highly rated for its advanced features, like inventory tracking, sales reports, and online payment integration.

So, in the Nigerian market:

• For network reliability and ease of use: Moniepoint POS is the best.

• For extra features and fintech services: Opay POS is great.

• For cashback and promos: Palmpay POS works well.

Your final decision should depend on your business type, transaction volume, and location. But overall, Moniepoint is currently the best POS machine in Nigeria for 2025.

How good is Moniepoint POS?

Moniepoint POS is widely regarded as one of the best POS machines in Nigeria in 2025, and for good reason. It offers agents and business owners a reliable and efficient way to conduct transactions, even in areas with poor internet connectivity.

Here are the key advantages of Moniepoint POS:

• Excellent Network Performance: Moniepoint is known for its strong uptime, making it suitable for rural, semi-urban, and urban areas. Transactions rarely hang or fail.

• Fast Settlements: Transfers and withdrawals reflect almost instantly in your wallet or linked bank account.

• Affordable Charges: Withdrawal charges are as low as ₦6.20 per ₦1,000, which makes it more profitable for agents.

• User-Friendly Interface: Whether you’re a first-time POS user or a seasoned agent, the device is simple to operate.

• Strong Customer Support: Moniepoint provides access to field officers and a dedicated app for resolving issues and tracking performance.

• Business Tools: The POS app offers transaction insights, dispute resolution, and account management features.

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Moniepoint also offers security features that protect both agents and customers, including transaction receipts, real-time alerts, and fraud protection measures.

However, there are a few limitations to be aware of:

• Initial Cost: The POS machine usually costs between ₦35,000–₦45,000 for outright purchase.

• Target Requirements (for free POS): If you opt for the zero-cost option, you must meet daily transaction targets.

Overall, Moniepoint POS is a top-tier option in 2025, offering speed, stability, and affordability. It is ideal for individuals who want to start a POS business or integrate a reliable payment method into their shop or business.

How much is Square POS per month?

As of 2025, Square POS offers a flexible pricing model depending on your business size and needs. The basic Square POS software is free, but if you want more advanced features, there are monthly subscription plans.

Here’s a breakdown of Square’s pricing in 2025:

• Square POS Free Plan:

  • Monthly Fee: $0

  • Includes: Basic POS software, digital receipts, inventory management, reporting, and online payments.

  • Processing Fee: Around 2.6% + $0.10 per card-present transaction.

• Square Plus Plan (For Retail & Restaurants):

  • Monthly Fee: $29 to $60 per location.

  • Includes: Advanced inventory management, team permissions, kitchen display system integration, and customer feedback tools.

  • Processing Fee: Same as the free plan, but you get more business tools.

• Square Premium Plan:

  • Monthly Fee: Custom pricing (usually negotiated for large businesses).

  • Includes: Everything in Plus, plus multi-location management, API access, and priority customer support.

Hardware Cost (One-Time):
Square sells hardware separately. You’ll need to purchase devices like:

• Square Reader: $49

• Square Stand: $149

• Register: $799 (fully integrated POS hardware)

So, if you are a small business owner, you can start using Square POS with zero monthly cost. But if you need additional features like employee tracking, loyalty programs, and advanced analytics, you’ll need the Plus plan or higher.

In conclusion, Square POS can cost anywhere from $0 to $60 per month, depending on your subscription plan and tools required. It’s a highly flexible option for startups, restaurants, and retail businesses.

Which POS network is best in Nigeria?

In 2025, the best POS network in Nigeria in terms of stability, speed, and availability is Moniepoint. Agents and businesses across the country rate Moniepoint’s network as the most consistent, even in low-signal areas.

Here’s why Moniepoint leads:

• Reliable Connectivity: Moniepoint uses a combination of mobile networks and custom channels to maintain stable performance.

• Fast Transaction Time: Transactions process within seconds, reducing queues and failed attempts.

• Wide Coverage: It works well in rural and semi-urban areas where other POS networks may struggle.

• Offline Mode Support: The POS can queue transactions and process them when network returns.

• Quick Settlement: You receive funds instantly or within minutes of successful transactions.

Other strong contenders include:

• Opay: Also offers good network performance, but some users report inconsistencies in certain regions, especially during peak hours.

• Palmpay: Reliable in urban centers but still developing stronger nationwide coverage.

• Baxi & Kuda POS: Improving but not yet on Moniepoint’s level for deep-rural coverage.

In addition to a strong network, Moniepoint also provides regular software updates and an easy-to-navigate dashboard, making it the top choice for agents who prioritize seamless operations.

For comparison:

• Moniepoint Network: 9/10

• Opay Network: 7.5/10

• Palmpay Network: 7/10

If your business is located in an area with unpredictable mobile signals, Moniepoint POS is your best bet. The system is optimized for consistent performance and rarely experiences downtime, which gives it the edge over competitors.

Which POS charges less?

In Nigeria in 2025, Moniepoint POS offers some of the lowest transaction charges, making it the most cost-effective option for agents and business owners who want to maximize profit.

Here’s a quick look at Moniepoint’s pricing:

• ₦6.20 per ₦1,000 withdrawn

• Free transfer charges on some wallet-to-wallet transactions

• No hidden fees or excessive commission deductions

By comparison, here are what other POS providers charge:

• Opay POS: ₦10–₦20 per ₦1,000

• Palmpay POS: ₦10–₦15 per ₦1,000

• Baxi POS: ₦20 per ₦1,000 (in most cases)

• Kuda POS: ₦15–₦20 per ₦1,000, depending on volume

Apart from charges, Moniepoint also offers commissions on airtime, bills, and data sales, giving agents additional earning potential.

Some agents opt for target-based machines from Opay or Palmpay that may offer temporary zero charges, but they usually come with strict monthly transaction limits and penalties for defaulting.

So, if you’re looking for a POS system with transparent and low fees, Moniepoint charges the least overall in Nigeria in 2025.

Which POS system is good?

In 2025, a good POS system is one that offers speed, reliability, affordability, ease of use, and support. Based on these criteria, the top recommended POS systems in Nigeria are:

• Moniepoint POS

• Opay POS

• Palmpay POS

• Baxi POS

Moniepoint POS stands out as the most reliable and efficient system. It is ideal for businesses and POS agents in both urban and rural areas. With its strong network performance, transactions rarely fail, and settlement is instant. The user interface is simple, even for beginners, and charges are among the lowest in the country (₦6.20 per ₦1,000).

Opay POS is a smart and sleek option. It provides access to extra features like utility bills, savings, insurance, and loan services through the Opay app. It’s especially great for urban areas but may experience occasional network delays.

Palmpay POS is another solid system, particularly for agents who want promotional offers, bonuses, and cashback. It offers good agent commissions and is growing quickly in popularity.

For international businesses, Square POS and Clover POS are excellent systems, providing advanced inventory management, customer tracking, and e-commerce integration. These systems are better suited for restaurants, retail, and service-based businesses in the US, UK, and other developed regions.

In conclusion, if you’re in Nigeria, Moniepoint POS is the best all-around system. It is fast, reliable, and supported by field officers. If you’re operating internationally, Square or Clover is more appropriate.

What is the best portable POS system for small business?

For small businesses in 2025, a portable POS system needs to be compact, affordable, and reliable. The top recommendation in Nigeria is the Opay Mini POS or Moniepoint Mini POS, while internationally, the best option remains Square Reader.

In Nigeria:

• Opay Mini POS is a lightweight Bluetooth device that connects to your smartphone via the Opay app. It allows for card payments, transfers, airtime, and bill payments. It costs between ₦15,000–₦25,000 and is easy to carry and use on the go.

• Moniepoint Mini POS (if available) offers similar features but with Moniepoint’s reputation for fast transactions and low failure rates. It’s a good option for small retail outlets, mobile businesses, or sole traders.

Internationally:

• Square Reader is the top choice in countries like the USA, UK, and Canada. It accepts card payments and can connect to your phone or tablet. It’s small, affordable (around $49), and integrates seamlessly with the Square POS system for receipts, sales tracking, and inventory.

All of these portable POS devices are suitable for:

• Boutiques

• Food vendors

• Event-based businesses

• Freelancers and home service providers

In summary, the best portable POS system for Nigerian small businesses is Opay Mini POS or Moniepoint Mini POS. For businesses outside Nigeria, Square Reader is ideal for its reliability, low cost, and business management tools.

Which POS is better than Square?

While Square POS is one of the most popular and trusted POS systems globally, there are alternatives that offer better features depending on your business type. In 2025, the top POS systems that can be considered better than Square in certain contexts include:

• Clover POS

• Toast POS (for restaurants)

• Shopify POS

• Lightspeed POS

Clover POS is better for businesses that need customizable hardware and deep integrations. It offers more hardware options and a better interface for medium-sized businesses. Clover also provides more flexible payment processing options and hardware bundling.

Toast POS is a specialized system for restaurants and food services. It offers in-depth features like menu management, kitchen display systems, and online ordering integrations, which Square lacks.

Shopify POS is excellent for businesses that primarily operate online and also have a physical presence. Its integration with Shopify’s e-commerce platform makes it a superior choice for retail businesses transitioning between online and offline.

Lightspeed POS is powerful for inventory-heavy businesses such as large retail stores. It offers advanced reporting, inventory tracking, and staff management features.

So, while Square is great for small businesses, it may fall short for businesses that require industry-specific features or hardware flexibility. In such cases, Clover, Toast, Shopify, or Lightspeed may be better options.

Is soft POS better than mobile POS?

Soft POS and mobile POS serve similar functions but differ in how they operate. In 2025, Soft POS is emerging as the more modern and flexible solution, especially for small businesses and mobile agents.

Soft POS is a software-only solution that allows your smartphone to accept card payments without a physical card reader. It uses NFC (Near Field Communication) technology to process payments directly from customers’ cards to your phone. No extra hardware is needed.

Mobile POS, on the other hand, involves a physical device (like a card reader) connected to your smartphone via Bluetooth or cable. It requires carrying both the phone and the POS device.

Why Soft POS is better:

• No hardware needed

• Lower cost (since you only use your smartphone)

• Ideal for freelancers, delivery services, or small kiosks

• Easier to maintain and update

However, Soft POS has limitations:

• Requires NFC-enabled smartphones

• Doesn’t support magstripe or chip-only cards

• Still gaining acceptance in some markets

Mobile POS is more versatile in areas where card types vary. It supports chip, swipe, and contactless options, making it more user-friendly for all customers.

In summary, Soft POS is better for businesses that want minimal setup and lower costs, but Mobile POS is better for those who serve a wider variety of customers and want to avoid compatibility issues.

What’s better, Square or Clover?

When comparing Square vs Clover in 2025, the better option depends on the size of your business, your budget, and your desired features.

Square POS is ideal for small to medium businesses:

• Free basic software

• Affordable hardware (as low as $49)

• No monthly fees unless you upgrade

• Simple interface and fast setup

• Great for freelancers, food trucks, pop-ups

Clover POS is better for larger or more complex businesses:

• Offers customizable hardware options

• Includes more advanced features, such as table mapping, inventory bundles, and employee permissions

• Hardware is more expensive, starting from around $499

• Monthly subscription required, usually starting at $14.95/month

Clover has deeper functionality, better suited for growing businesses or restaurants with staff management needs. Square is more beginner-friendly and lower-cost.

Verdict:

• Choose Square if you’re a startup, freelancer, or small shop.

• Choose Clover if you’re running a growing restaurant, retail chain, or need a scalable POS solution.

What is the best POS system for small restaurants?

In 2025, the best POS system for small restaurants depends on ease of use, menu management, kitchen integration, and affordable pricing. The top POS options for restaurants are:

• Toast POS

• Square for Restaurants

• Clover Dining POS

• Lightspeed Restaurant

Toast POS is the best overall:

• Specifically built for restaurants

• Offers kitchen display systems, table management, online ordering, and menu customization

• Hardware is Android-based, built for high-traffic use

• Pricing starts from $69/month with custom hardware bundles

Square for Restaurants is the budget-friendly alternative:

• Ideal for small restaurants, cafés, and food trucks

• Has features like order modifiers, tips, and simple kitchen printing

• The basic plan is free, with add-ons for growth

• Integrates with Square’s payment processing and loyalty tools

Clover Dining POS is great for mid-sized restaurants and offers more advanced features but comes at a higher cost.

For Nigerian restaurants, Moniepoint POS is useful for basic card and cash transactions but doesn’t offer full restaurant management.

So, for full restaurant functionality, Toast POS is the best system in 2025, followed by Square for smaller setups.

How much are they selling Moniepoint POS machines?

In 2025, Moniepoint POS machines are sold at a price range of:

• ₦35,000 to ₦45,000 for outright purchase

• ₦10,000 – ₦20,000 caution fee (if you apply under target-based rental model)

The price you pay depends on whether:

1. You buy it outright: You own the device with no transaction targets.

2. You collect under performance target: You pay a small deposit and agree to meet monthly transaction goals.

The smart POS device comes with a printer and full features. Moniepoint does not usually offer mini POS in all regions, but availability varies.

Application requirements include:

• Valid ID

• BVN

• Utility bill

• Active business address

• Agent onboarding process

Once you meet the requirements, the POS machine is usually delivered within 5–7 working days.

Is Square a good POS system?

Yes, Square is a good POS system in 2025, especially for small and medium businesses looking for an affordable, easy-to-use, and flexible payment and sales solution.

Why Square is a good POS:

• Free to start – The basic POS software has no monthly fee

• Mobile and portable – Use with phone or tablet

• Flat-rate fees – Transparent and predictable charges

• E-commerce integration – Syncs with online stores

• Inventory, sales reports, and customer management

• Works well for food vendors, freelancers, salons, and boutiques

However, it’s not ideal for large businesses that need more complex tools. For example, Square lacks advanced features like multi-store inventory syncing or deep CRM tools available in Clover or Lightspeed.

But for most small businesses, Square is one of the best starter POS systems available in 2025.

How many types of Opay POS machines are there?

As of 2025, Opay offers three main types of POS machines in Nigeria:

1. Smart POS (Android Touchscreen):

   • Full-color screen with a printer

   • Supports card, transfer, USSD, QR

   • Ideal for high-volume agents

   • Price: ₦45,000 – ₦60,000

2. Mini POS (M-POS or Bluetooth):

   • Connects to smartphone

   • Portable and ideal for small-scale agents

   • Price: ₦15,000 – ₦25,000

3. Traditional POS (Button type):

   • Non-touchscreen

   • With built-in printer and keypad

   • Mid-range usage, now less common

Opay also offers free POS machines under target-based agreements, but you must meet daily or monthly transaction targets to keep them.

How much POS machine is there in Nigeria?

In 2025, the cost of a POS machine in Nigeria depends on the brand, type, and whether you’re purchasing it outright or applying under a target-based (caution fee) plan.

Here’s a breakdown of current prices across popular POS providers:

Moniepoint POS

• Outright purchase: ₦35,000 – ₦45,000

• Caution fee plan: ₦10,000 – ₦20,000 with transaction targets

Opay POS

• Smart POS (Android): ₦45,000 – ₦60,000

• Mini POS: ₦15,000 – ₦25,000

• Free POS (with targets): Available if you meet transaction conditions

Palmpay POS

• Purchase: ₦25,000 – ₦45,000

• Caution fee plan: ₦10,000 – ₦20,000 with targets

Baxi POS

• Outright: ₦30,000 – ₦50,000

Kuda POS

• Currently invitation-based; price varies

Overall, you can get a basic POS in Nigeria for as low as ₦15,000, while full-featured smart POS devices can go up to ₦60,000. Be cautious of hidden costs, monthly fees, or target penalties depending on the provider.

Are all POS systems the same?

No, all POS systems are not the same. In 2025, POS systems differ in terms of features, hardware, compatibility, network strength, pricing, and target users.

Here’s how they differ:

Functionality

• Some systems are basic (just for withdrawals and transfers)

• Others include advanced features like inventory management, customer loyalty programs, and analytics (e.g., Square, Clover)

Network Reliability

• Moniepoint is more stable in Nigeria’s rural areas

• Opay and Palmpay work best in urban settings

Charges

• Charges vary across providers (Moniepoint is the lowest)

• Some systems also provide cashback and bonuses (e.g., Palmpay)

Target Market

• Some are made for agents (e.g., Moniepoint)

• Others serve retail stores, restaurants, and freelancers (e.g., Square, Toast)

Technology

• Smart POS runs Android and supports more features

• Mini POS connects to a smartphone

• Soft POS uses your phone without hardware

In short, the best POS system depends on your business type, location, and transaction volume. Always compare options before choosing.

What are the disadvantages of Square POS?

While Square POS is widely used in 2025, it does have some disadvantages depending on your business needs. Here are the key drawbacks:

Limited Customization

• Unlike Clover or Toast, Square has limited options for businesses that need customized menus, table layouts, or hardware integrations.

Expensive Processing Fees

• Charges 2.6% + $0.10 per transaction (in the US), which can add up for high-volume businesses.

Basic Free Plan

• The free version is very limited; features like loyalty programs and team management are only in paid plans.

Internet Dependence

• Most features require a stable internet connection. In offline environments, Square may lag behind local POS systems like Moniepoint.

Not Ideal for Large Enterprises

• Square works best for small to medium businesses. Larger operations may find its reporting and inventory tools too basic.

Despite these disadvantages, Square remains a top choice for small businesses due to its simplicity and ease of use. But for complex needs, it may not be the best fit.

Is Square POS account free?

Yes, in 2025, Square POS offers a free account option for small businesses. Their basic POS software includes:

• No monthly subscription fee

• Access to the Square dashboard

• Digital receipts and payment processing

• Basic inventory and sales reporting

However, Square charges a processing fee on every transaction:

• 2.6% + $0.10 per in-person transaction (US standard)

• Higher for online and manually keyed transactions

If you want advanced features like employee management, loyalty programs, or restaurant tools, you’ll need to subscribe to a paid plan, starting from $29/month.

So yes, you can start with zero monthly cost, but expect processing fees on every sale.

Can Square be trusted?

Yes, Square is a trusted POS platform, widely used in the US, Canada, UK, Australia, and more. As of 2025, it continues to serve millions of small and medium businesses.

Security

• Square is PCI-DSS compliant, meaning your customer payment data is protected.

• It uses end-to-end encryption for all transactions.

Transparency

• Flat-rate pricing (no hidden fees)

• Funds are typically settled within 1–2 business days

Reputation

• Founded by Jack Dorsey (also Twitter’s co-founder)

• Traded publicly on the stock market (under Block, Inc.)

• Trusted by retail stores, salons, cafés, and freelancers

Whether you’re a freelancer or shop owner, Square is a reputable and secure payment solution that can be trusted with your business.

What are the disadvantages of Square?

Beyond POS, Square (now part of Block, Inc.) offers banking, payroll, and other financial services. While powerful, it has a few notable disadvantages in 2025:

High Processing Fees

• Every transaction includes a flat fee, which may be expensive for businesses with small margins.

Account Freezing

• Square is known to freeze or suspend accounts if it detects suspicious activity. This can delay access to funds.

Limited Global Availability

• Primarily supports businesses in the US, Canada, UK, and a few others. It’s not officially available in Nigeria.

Basic Banking Tools

• Square’s banking features aren’t as robust as traditional banks or fintech platforms like Payoneer or Wise.

No Physical Branches

• Customer support is online-based, which may not suit everyone.

Despite these drawbacks, Square remains ideal for small businesses, but high-volume businesses may need more robust options.

How much does Square cost per month?

In 2025, Square POS has flexible pricing, starting from $0 per month, depending on the features you want.

Free Plan

• $0/month

• Includes basic POS features, receipts, reports

• Standard processing fees: 2.6% + $0.10

Plus Plan

• $29 to $60/month per location

• Includes employee permissions, inventory tools, and analytics

Premium Plan

• Custom pricing for large enterprises

• Offers APIs, advanced integrations, and dedicated support

Note: You’ll still pay payment processing fees even on free plans.

If you’re a small business owner, the free plan is often enough to get started. As you grow, you can upgrade.

Who owns Square?

As of 2025, Square is owned by Block, Inc., a company founded by Jack Dorsey (co-founder of Twitter). Square was rebranded under Block, Inc. in December 2021 to reflect the company’s broader ecosystem beyond payments.

Key Details:

• CEO: Jack Dorsey

• Founded: 2009

• Headquarters: San Francisco, USA

• Publicly Traded: Yes (under the ticker symbol: SQ)

Block, Inc. owns several platforms:

• Square (POS and payments)

• Cash App (P2P payments)

• TIDAL (music streaming)

• Spiral (Bitcoin development)

• Afterpay (Buy Now, Pay Later)

So, while Square is the brand, it’s now part of the larger Block ecosystem.

Is Square really worth it?

Yes, Square is worth it in 2025, especially for small business owners, freelancers, cafés, and vendors looking for a low-cost, easy-to-use POS solution.

Here’s why it’s worth it:

• No monthly fees for basic use

• Portable hardware options like Square Reader ($49)

• Secure and fast payments

• Digital receipts and reports

• Integrated online store and booking tools

However, for large-scale operations, the flat transaction fees may become costly. Also, its features may feel limited compared to platforms like Clover or Shopify POS.

If your business is small to medium-sized and you need a trusted, scalable POS system, Square is absolutely worth it.

How much POS machine is there in Nigeria?

In 2025, the cost of a POS machine in Nigeria varies depending on the brand, device type, and whether you are buying it outright or paying a caution fee.

Here are the current price ranges for some of the most popular POS providers:

Moniepoint POS

• Outright purchase: ₦35,000 – ₦45,000

• Caution fee model: ₦10,000 – ₦20,000 (with daily transaction target)

Opay POS

• Smart POS (Android): ₦45,000 – ₦60,000

• Mini POS: ₦15,000 – ₦25,000

• Free POS available under target-based use

Palmpay POS

• Purchase cost: ₦25,000 – ₦45,000

• Caution fee option: ₦10,000 – ₦20,000 with targets

Baxi POS

• Outright price: ₦30,000 – ₦50,000

Kuda POS

• Currently by invitation; price varies

The cheapest POS machines are mini devices around ₦15,000 to ₦20,000. Smart Android POS terminals cost more but offer advanced features like receipt printing and inventory apps.

Are all POS systems the same?

No, all POS systems are not the same. In 2025, POS systems differ by design, functionality, pricing, software features, and usage requirements.

Functionality:
Some POS systems are strictly for transactions like transfers and withdrawals (e.g., agent POS), while others include advanced tools for inventory management, customer tracking, or restaurant menus.

Hardware:
There are mobile POS devices, mini POS that connect via Bluetooth, and smart POS with Android OS and touchscreen capabilities.

Network Stability:
Some brands are more reliable than others depending on location. Moniepoint is known for stable connectivity in rural areas, while Opay and Palmpay do better in cities.

Service Charges:
Providers offer different charges per transaction. For instance, Moniepoint has among the lowest charges, while others might provide incentives instead of lower fees.

Target Users:
Some systems are built for large retail stores, restaurants, or hotels, while others serve market vendors, small kiosks, or mobile agents.

The best POS for you depends on your business type, volume of transactions, and need for features beyond basic payments.

What are the disadvantages of Square POS?

Square POS is popular and user-friendly, but it comes with some disadvantages in 2025, especially for businesses with unique needs.

Limited Customization:
Square POS has fewer customization options compared to alternatives like Clover or Toast. If you run a full-service restaurant or need tailored features, it might not offer enough flexibility.

High Transaction Fees:
Square charges 2.6% + $0.10 for every in-person transaction, which can be costly for high-volume businesses or those with low profit margins.

Dependence on Internet:
Most Square POS features work best online. If you lose your connection, you may face disruptions or slower processing.

Not Ideal for Large Businesses:
For big enterprises, Square’s reporting tools, inventory management, and employee features may feel basic.

Additional Costs for Advanced Tools:
You’ll need to pay for premium tools like loyalty programs or payroll integrations, which increases monthly costs.

Despite these limitations, Square POS remains ideal for small businesses and startups needing a sleek, modern solution.

Is Square POS account free?

Yes, Square POS offers a free account option in 2025. You can start using their POS software and basic features at no cost.

Features of the free plan include:

• Point of Sale software

• Access to sales reports

• Customer directory

• Basic inventory tools

• Digital receipts and payment options

However, note that Square charges transaction fees:

• 2.6% + $0.10 per in-person sale

• Higher for online or manually entered payments

If you need additional features like employee management or marketing tools, you’ll need to subscribe to a paid plan starting from $29 per month.

Square’s free account is perfect for small business owners who want to avoid monthly software fees but don’t mind paying per transaction.

Can Square be trusted?

Yes, Square is a highly trusted and reputable payment processing company. As of 2025, it powers millions of small businesses around the world.

Security and Compliance:
Square is fully PCI-DSS compliant and uses end-to-end encryption to protect sensitive payment information. Data is securely stored and never shared with third parties.

Track Record:
Founded in 2009 by Jack Dorsey, Square has grown into a global fintech giant. It is now a subsidiary of Block, Inc., which also owns Cash App and Tidal.

Transparent Pricing:
Square offers flat-rate pricing, so there are no hidden fees or complex terms.

Global Reputation:
Used by retailers, cafés, freelancers, and online sellers, Square is known for its reliability and modern design.

In summary, Square is a trustworthy option for accepting payments, managing sales, and growing your business securely.

What are the disadvantages of Square?

Despite its popularity, Square has a few downsides that may affect certain business types.

High Processing Fees:
While there’s no monthly cost for basic use, you’ll pay a flat fee of 2.6% + $0.10 per transaction. These charges can add up for businesses with many small sales.

Account Freezing Risk:
Square has been known to suspend or freeze accounts when it detects irregular activity. This can temporarily cut off access to funds.

Limited Global Availability:
Square operates primarily in North America, Europe, and a few other regions. It is not officially supported in Nigeria as of 2025.

No Physical Customer Support:
Customer service is online and email-based. Some users prefer having phone or in-person support for urgent issues.

Not Ideal for Larger Businesses:
For enterprises with multiple branches or complex operations, Square’s tools might be too basic.

While Square is a good choice for many small businesses, larger organizations may need more advanced solutions.

How much does Square cost per month?

In 2025, Square POS has different pricing options, depending on the features you need.

Free Plan – $0/month

• POS software

• Basic inventory tools

• Sales reports

• No monthly fees, but transaction fees apply

Plus Plan – $29 to $60/month

• Advanced inventory

• Employee permissions

• Customer relationship tools

• Better analytics and business reports

Premium Plan – Custom Pricing

• Designed for larger businesses

• Includes APIs, multi-location tools, and advanced support

Regardless of your plan, you still pay processing fees on every sale. The basic in-person fee is 2.6% + $0.10 per transaction in the US.

Who owns Square?

Square is owned by Block, Inc., a publicly traded American company led by Jack Dorsey, the co-founder and former CEO of Twitter.

Key facts:

• Founded in 2009

• Rebranded to Block, Inc. in 2021

• Headquartered in San Francisco

• CEO: Jack Dorsey

• Publicly listed under the ticker symbol: SQ

Block, Inc. also owns:

• Cash App (money transfers)

• Tidal (music platform)

• Afterpay (Buy Now, Pay Later)

• Spiral (crypto and Bitcoin projects)

Square is the company’s original product line, now part of a broader financial ecosystem.

Is Square really worth it?

Yes, Square is worth it in 2025 for most small and medium businesses that want a simple, efficient, and affordable payment system.

Why it’s worth it:

• No upfront cost for software

• Easy-to-use interface

• Works with mobile devices

• Offers real-time sales tracking

• Fast settlement and secure processing

It’s especially useful for cafés, boutiques, solo vendors, pop-up shops, and service providers who need a modern POS without high setup fees.

However, if your business has large-scale operations or complex needs, you may outgrow Square’s basic tools and find better value in platforms like Clover, Shopify POS, or Toast.

What are the disadvantages of using a POS machine?

Using a POS machine in Nigeria can greatly improve your business operations, but it also comes with a few disadvantages in 2025 that every operator or business owner should consider.

1. Network Downtime:
Most POS machines rely heavily on internet or mobile network connectivity. In areas where service is poor, transactions may delay or fail entirely, leading to frustrated customers and loss of sales.

2. Power Dependency:
Many POS devices need electricity to charge, especially Android smart POS terminals. In locations with unstable power supply, it can be challenging to keep devices operational without a power bank or generator.

3. Service Charges and Fees:
POS agents pay transaction fees for every withdrawal or transfer. While some providers offer low rates, others charge as high as ₦20 for ₦1,000 withdrawals, which can reduce profit margins.

4. Risk of Fraud:
Agents are exposed to fraud through fake alerts, counterfeit cards, or incorrect transaction confirmations. Without proper verification, it’s easy to lose money to dishonest customers.

5. Device Malfunction:
If the POS machine develops technical faults or screen issues, it could halt business temporarily. Repairs or replacements can also be costly.

6. Capital Requirement:
Starting a POS business requires upfront capital to purchase the machine and fund daily transactions. New agents may struggle if they don’t have enough float.

7. Regulatory Issues:
Increased regulation by the CBN and other authorities means agents must comply with KYC, transaction limits, and reporting policies. Non-compliance could lead to account restrictions.

Despite these drawbacks, many Nigerians continue to use POS systems due to their profitability, especially in underserved communities. The key is to weigh these cons and take preventive steps—like using multiple SIMs for network backup, verifying transactions properly, and having a reliable power source.

How profitable is a POS business?

As of 2025, the POS business remains one of the most profitable small-scale ventures in Nigeria. With minimal investment and daily cash flow, many operators make steady income every month.

Daily Profit Estimate:
Most POS agents earn ₦5 – ₦20 per transaction. On average, agents process 50–100 transactions daily. That translates to daily profits of ₦2,000 – ₦5,000 depending on location and customer volume.

Monthly Income Range:
Profitable agents in busy areas like markets, bus stops, and schools can earn between ₦60,000 – ₦150,000 monthly. In less populated areas, the income could be around ₦30,000 – ₦50,000.

Major Sources of Income:

• Cash withdrawals (₦100 – ₦200 per ₦10,000)

• Transfers (₦10 – ₦100 per transfer)

• Airtime and data sales (small commissions)

• Utility bill payments

• Account opening or BVN registration (commission-based)

Expenses to Consider:

• Network/data costs

• Power (charging devices)

• Security if operating in high-risk areas

• Device maintenance or replacement

• Float/cash liquidity

Factors That Boost Profit:

• Operating in high-traffic locations

• Having reliable network and fast service

• Offering multiple services (data, bills, etc.)

• Keeping capital ready to avoid turning away customers

POS business is highly scalable. Many agents expand by placing staff at multiple locations or partnering with fintech platforms like Moniepoint or Opay.

In summary, POS business is still profitable in 2025, especially if well-managed and placed in a strategic area with consistent foot traffic.

Can I use my phone as a POS?

Yes, in 2025, it is possible to use your smartphone as a POS machine in Nigeria. This technology is known as SoftPOS or Tap to Pay, and several fintech apps now support this feature.

How it Works:
SoftPOS turns your Android smartphone into a contactless payment terminal. Customers simply tap their debit cards or NFC-enabled devices on your phone to make payments. There’s no need for a separate POS machine.

Requirements:

• An Android smartphone with NFC (Near Field Communication)

• Download a certified app like Flutterwave, Paystack Tap, or Google Tap to Pay

• Verified business account with the payment provider

• Stable internet connection

Advantages:

• No hardware cost

• Convenient and mobile-friendly

• Quick and easy setup

• Good for small-scale businesses, delivery agents, and mobile vendors

Limitations:

• Only works with NFC cards or devices

• Cannot process transfers or withdrawals like agent POS

• Not supported on all phones (iPhones mostly excluded for now)

• May not work well in areas with poor internet

Fintechs Offering SoftPOS in Nigeria (2025):

• Flutterwave Tap

• Paystack Tap

• Interswitch SoftPOS

• Quickteller Touch

• Some banks (Zenith, Access) also offer Tap to Pay options

Using your phone as a POS is ideal for those who want to avoid the cost of traditional machines. However, it’s more suitable for receiving payments—not for acting as a full POS agent.

What are the common issues that can occur with a T-square and how can they be prevented?

A T-square is a drafting tool commonly used in technical drawing, architecture, and engineering. Despite its simplicity, several issues can arise if it’s not handled or maintained properly. Below are the most common problems and how to prevent them:

1. Warping or Bending:
T-squares made from wood or plastic can warp due to moisture or prolonged exposure to heat. This affects accuracy and straightness in drawing.
Prevention: Always store your T-square in a dry, flat surface and avoid placing heavy objects on it.

2. Misalignment of the Head:
The head of the T-square must form a perfect right angle (90°) with the blade. If the head becomes loose or damaged, drawings may be inaccurate.
Prevention: Regularly tighten the screws connecting the head and blade. Handle the T-square with care to prevent it from falling.

3. Scratches and Wear on the Blade:
Frequent use can lead to scratches, which may interfere with smooth pencil or pen movement.
Prevention: Clean the blade after use and avoid using sharp tools directly against the T-square.

4. Slipping During Use:
If the head is not pressed firmly against the edge of the drawing board, the T-square can slip, causing crooked lines.
Prevention: Ensure the working surface is clean and the edge of the board is straight. Practice proper technique when drawing.

5. Incompatibility with Other Tools:
Some T-squares may not align well with set squares or drafting tables, especially if not standardized.
Prevention: Use high-quality, standardized tools and check compatibility before purchase.

In 2025, digital drawing tablets are replacing traditional tools in many design fields, but T-squares still remain essential for manual drafting and architectural sketching. Proper storage, regular inspection, and careful usage will prolong their lifespan and maintain drawing precision.

What is special about a square?

A square is a geometric shape that has unique and symmetrical properties, making it special both mathematically and practically. Its structure and consistency are what make it valuable in design, construction, and mathematics.

1. All Sides Are Equal:
A square has four sides of equal length, making it a regular quadrilateral. This uniformity makes calculations simpler and easier to replicate in construction and art.

2. All Angles Are Right Angles:
Every angle in a square is 90°, creating perfect symmetry. This is why squares are heavily used in building design, where precision and balance are necessary.

3. Symmetry:
A square has four lines of symmetry and rotational symmetry of order 4. This makes it highly aesthetically pleasing and predictable.

4. Diagonals Are Equal and Perpendicular:
The diagonals of a square are equal in length and intersect each other at right angles. They also bisect each other, which is useful in geometry proofs and designs.

5. Applications in Everyday Life:
Squares are used in floor tiling, tables, architecture, chessboards, electronics, and screens. Their ability to tessellate (fit together without gaps) makes them ideal for design.

6. Mathematical Relevance:
The area of a square is calculated as side × side, which makes it easier for learners and professionals. It’s often used in algebra, trigonometry, and calculus.

7. Basis for Other Shapes:
The square serves as the foundation for cubes (3D squares), rectangles, and other polygons. Understanding squares aids in grasping more complex shapes.

In conclusion, what makes a square special is its balance, symmetry, equal measurements, and wide-ranging usefulness across industries. In both theoretical and practical applications, the square continues to be one of the most reliable and fundamental shapes.

What are the pros and cons of a square face?

A square face shape is defined by a strong jawline, broad forehead, and equal width across the forehead, cheeks, and jaw. It’s one of the most symmetrical and striking face types. However, it also comes with its own advantages and disadvantages, especially in terms of aesthetics, styling, and perception.

Pros of a Square Face:

1. Defined Features:
   Square faces have a chiseled and angular appearance, which is often seen as attractive, especially in modeling and photography.

2. Versatile Haircuts:
   Most haircuts—like layers, side parts, or soft curls—work well with this face shape. It’s easy to frame the face in a flattering way.

3. Balanced Proportions:
   Because the forehead, cheekbones, and jaw are nearly the same width, the face often appears balanced and symmetrical, which is a beauty standard in many cultures.

4. Strong Jawline:
   This is especially appreciated in men, as it gives a masculine look. For women, it adds boldness and character.

Cons of a Square Face:

1. Can Appear Harsh:
   The sharp angles may sometimes give a person a serious or stern look, especially when not smiling.

2. Limited in Some Fashion Accessories:
   Certain sunglasses, hats, or earrings may not suit a square face well. Rounded accessories usually work better to soften the features.

3. Not Ideal for Every Hairstyle:
   Very short or slicked-back styles can exaggerate the angularity, making the face look boxy or overly rigid.

4. May Need Softening in Makeup:
   People with square faces often use contouring to soften the jawline and highlight the cheekbones.

In summary, a square face is naturally bold and structured. With the right styling choices, it can stand out beautifully. However, it does require a little balance in fashion, makeup, or hairstyle to avoid overly harsh looks.

Is using Square secure?

Yes, using Square (formerly known as Square Inc., now part of Block, Inc.) is secure. It is one of the most trusted POS (Point of Sale) platforms globally, offering several layers of security for both business owners and their customers.

1. PCI Compliance:
Square is PCI-DSS Level 1 compliant, which is the highest level of security for processing credit card payments. It handles all card data encryption and processing on behalf of the user.

2. End-to-End Encryption:
When a customer makes a payment, their card information is encrypted from the moment it’s swiped or tapped, and it’s never stored on the device or app.

3. No Card Data Stored Locally:
Square does not store cardholder data on mobile devices or Square hardware. This reduces the risk of data breaches in case a phone or POS device is lost or stolen.

4. Two-Factor Authentication (2FA):
For account security, Square supports 2FA, which adds an extra verification layer before users can access sensitive information.

5. Fraud Detection and Monitoring:
Square uses machine learning algorithms to detect suspicious or fraudulent activity in real-time. It monitors transactions and flags irregular behaviors.

6. Dispute Management:
Square helps sellers handle chargebacks and disputes. In many cases, Square even covers chargeback costs up to a certain amount.

7. Regular Security Updates:
As of 2025, Square continues to invest in its cybersecurity infrastructure, releasing frequent updates and improvements to its software and devices.

Final Thoughts:
Square is secure for everyday transactions and trusted by millions of businesses worldwide. However, business owners should still follow best practices like using strong passwords, activating 2FA, and updating software regularly to maintain that level of security.

Is Square the best POS?

Square is considered one of the most popular and user-friendly POS (Point of Sale) systems in the U.S. and several other markets, but whether it is the “best” depends on your business type, size, and location.

Square excels in simplicity, quick setup, and all-in-one features that cater to small businesses, freelancers, and mobile vendors. It offers free POS software, affordable hardware options, and no monthly fees for its basic plan, making it ideal for startups or solo entrepreneurs.

Square’s ecosystem includes tools for payment processing, inventory management, online sales, customer engagement, and payroll. This integration reduces the need to subscribe to third-party services. The mobile-first design also makes it suitable for field sales, pop-up stores, food trucks, or temporary vendors.

However, Square might not be the best for high-volume businesses or large retail chains that need more advanced inventory controls, robust employee management, or enterprise-level customization. Some competitors like Clover, Toast, or Lightspeed offer more powerful features for larger operations or specific industries like restaurants and retail.

In Nigeria and other African countries, Square is not officially supported, which limits its usefulness unless you’re operating in countries where it functions fully (e.g., the U.S., Canada, UK, Japan, Australia). For Nigerian businesses, local POS options like Moniepoint, Opay, or Baxi may be better suited due to network compatibility and local support.

In conclusion, Square is arguably one of the best POS systems for small to medium businesses in supported regions, thanks to its low upfront cost, intuitive tools, and ecosystem. However, for larger businesses or regions outside its official support area, other platforms may be more suitable.

Is Square POS free?

Square POS offers a free version of its point-of-sale system, which is one of the reasons it is so popular among small business owners and startups. As of 2025, the basic Square POS app is completely free to download and use, and it includes core features such as payment processing, inventory tracking, customer directory, and sales reporting.

There are no monthly subscription fees for the free version, which is a big advantage for businesses that are just starting out or have tight budgets. The only charges come from payment processing fees. When you accept payments through Square, they take a small percentage of each transaction.

For instance, the standard processing fee in the U.S. is 2.6% + 10¢ per in-person transaction. For online transactions, the fees are slightly higher.

Square also provides optional hardware for in-person sales, like the Square Reader (which can be free for new users), Square Stand, or Square Terminal, which must be purchased separately. So, while the software is free, you may need to make a one-time investment in hardware if you’re operating in a physical location.

In addition, Square offers paid add-ons and premium services, such as payroll, advanced team management, and marketing tools. These are not free but can be added depending on the needs of your business.

It’s important to note that although Square POS is free to use, you still need to have a valid business location in a supported country. Currently, Square is not officially available in Nigeria or most African countries, so local alternatives would be required in those regions.

In summary, Square POS is free at the basic level and allows you to run a professional point-of-sale system without monthly fees. However, expect to pay processing fees and potentially for hardware and add-ons, depending on your setup.

What is the cheapest credit card processing company?

When it comes to choosing the cheapest credit card processing company in 2025, several factors must be considered—such as transaction volume, average ticket size, business type, and whether payments are taken in-person or online. However, a few providers consistently offer low-cost processing fees and transparent pricing structures.

One of the cheapest options for small businesses is Payment Depot. It uses a membership-based model where you pay a monthly fee (starting from $59) and benefit from interchange-plus pricing—meaning you get access to wholesale processing rates with no percentage markup. For high-volume businesses, this model can save thousands annually.

Another cost-effective provider is Square, especially for businesses that want zero monthly fees and a flat-rate pricing model. Square charges 2.6% + 10¢ for in-person transactions and 2.9% + 30¢ for online payments. While not the lowest processing fees, it’s ideal for new or low-volume businesses that want simplicity and no hidden charges.

Helcim is another standout, offering interchange-plus pricing with no monthly fees. Helcim’s advantage is that it adjusts rates based on your sales volume, meaning the more you sell, the lower your processing rates. It also offers great customer service and free POS software.

Stripe is considered cost-effective for online businesses, especially for tech-savvy users. It charges 2.9% + 30¢ per transaction and provides excellent developer tools for integrating payment into websites and mobile apps.

It’s worth noting that the cheapest company isn’t always the best. Some providers advertise low rates but charge hidden fees like PCI compliance, chargeback, or batch fees. So transparency is key.

If you’re in Nigeria or Africa, platforms like Flutterwave, Paystack, and Monnify offer competitive processing for local cards, though not all handle global credit cards efficiently.

In conclusion, for businesses in supported regions, Payment Depot, Helcim, Square, and Stripe are some of the cheapest credit card processing companies in 2025, depending on your specific business needs and transaction volume.

Which is better than Square?

While Square is a strong choice for small businesses due to its simplicity and no monthly fees, there are other POS systems that may be better than Square depending on your business type, size, and industry needs in 2025. Below are some top alternatives that are considered better than Square in specific contexts:

1. Clover – Better for Retail and Customization
Clover is a more customizable and scalable POS system than Square. It offers robust hardware options, third-party app integration, and a flexible pricing structure. It’s particularly suited for retail and service-based businesses that need advanced employee management, inventory tracking, and loyalty programs. Clover also allows merchant account customization, which can lower payment processing costs for larger businesses.

2. Toast – Better for Restaurants
If you operate a restaurant, cafe, or bar, Toast is a more specialized solution than Square. It offers restaurant-specific features like menu management, table-side ordering, kitchen display systems (KDS), and custom tipping. Toast runs on Android devices and provides both software and hardware, but it requires a monthly subscription. However, the cost is justified by its advanced restaurant tools.

3. Shopify POS – Better for Online and In-Store Sales
Shopify is ideal if you’re managing both online and physical store sales. Shopify POS integrates seamlessly with its powerful e-commerce platform, enabling inventory sync, sales reports, and unified customer data across all channels. It’s better than Square for businesses focused on multichannel retail.

4. Helcim – Better for Lower Fees and B2B
For businesses that process high volumes or B2B payments, Helcim offers lower fees with interchange-plus pricing. It also includes CRM features, inventory management, and recurring billing—making it a strong Square alternative for service providers and professional firms.

5. Lightspeed – Better for Inventory-Heavy Businesses
If you run a business with complex inventory like a bike shop, electronics store, or apparel boutique, Lightspeed POS offers more powerful inventory tools than Square. It supports bulk item import, vendor catalogs, and purchase orders.

Conclusion:
Square is great for basic needs, but Clover, Toast, Shopify POS, Helcim, and Lightspeed can be better depending on your niche. The best POS depends on your business model, size, and location.

Which POS brand is the best?

Choosing the best POS brand in 2025 depends on your business type, size, and location. However, several POS brands consistently rank among the best globally due to their features, reliability, scalability, and pricing.

1. Square – Best for Small Businesses and Startups
Square remains one of the top POS brands for small to medium-sized businesses, especially those needing an easy-to-use system with no monthly fees. Its all-in-one ecosystem supports mobile payments, inventory, invoicing, and customer management. Square is ideal for retail shops, food trucks, beauty salons, and freelancers. However, it’s only available in select countries like the U.S., Canada, UK, Japan, and Australia.

2. Clover – Best for Retail and Flexibility
Clover is known for its highly customizable POS solutions. It’s suitable for both small and large businesses. It offers full-featured hardware options, such as Clover Station, Clover Mini, and Clover Flex, and supports app integration through its app market. Clover’s user-friendly interface and strong hardware make it a top choice for retail stores, restaurants, and service businesses.

3. Toast – Best for Restaurants and Food Services
For food establishments, Toast POS is widely regarded as the best in 2025. It’s purpose-built for restaurants, offering tools like kitchen display systems (KDS), online ordering, table management, and tip tracking. Toast runs on Android-based hardware and offers both free and paid plans depending on the features needed.

4. Shopify POS – Best for Online & In-Store Retailers
If your business combines e-commerce with brick-and-mortar retail, Shopify POS is an excellent choice. It integrates seamlessly with your online store and supports real-time inventory syncing, multichannel sales, and customer profiles. It’s particularly effective for fashion stores, electronics shops, and other retail businesses with a strong online presence.

5. Lightspeed – Best for Advanced Inventory Management
Lightspeed stands out for businesses that need complex inventory features. It’s best suited for bike shops, pet stores, jewelers, and high-end retail, offering bulk inventory tools, multi-store support, and advanced analytics.

Conclusion:
In 2025, the best POS brand depends on your business needs:

• Square: Best all-rounder for small businesses

• Clover: Best for customization and retail

• Toast: Best for food and beverage businesses

• Shopify POS: Best for online/in-store integration

• Lightspeed: Best for inventory-heavy businesses

Is Square POS expensive?

Square POS is not considered expensive, especially when compared to other POS systems in the market. In fact, it is known for being one of the most affordable and beginner-friendly solutions for small businesses and solo entrepreneurs.

Square’s pricing model is transparent, with no monthly subscription fees for its basic POS software, which includes features like payment processing, inventory tracking, customer profiles, and reporting tools.

The cost of using Square POS depends mainly on two factors:

1. Payment Processing Fees
Square charges a flat-rate processing fee for every transaction. As of 2025, the fees are:

• In-person payments: 2.6% + 10¢ per transaction

• Online payments: 2.9% + 30¢ per transaction

• Manually keyed-in payments: 3.5% + 15¢

These fees are competitive for businesses with lower transaction volumes. However, for businesses that process high volumes or large transactions, Square’s flat-rate pricing may be more expensive compared to processors that offer interchange-plus pricing, such as Helcim or Payment Depot.

2. Hardware Costs
While the Square POS app is free, hardware is sold separately:

• Square Reader (magstripe): Free for first-time users

• Square Reader (contactless & chip): ~$49

• Square Stand for iPad: ~$149

• Square Terminal: ~$299

• Square Register: ~$799

These hardware options are affordable compared to other brands like Clover or Toast, which can require high upfront costs or leasing contracts.

Optional Paid Services
Square also offers add-ons like Square Payroll, Square Marketing, and Square Loyalty, which come with monthly fees if you choose to subscribe.

Conclusion:
Square POS is not expensive for most small to mid-sized businesses. It’s actually very cost-effective due to its free software, affordable hardware, and pay-as-you-go processing fees. However, larger businesses or those with high-volume sales might find more cost-efficient alternatives with lower processing fees.

What POS system is cheaper than Square?

While Square is often praised for its affordability, there are POS systems in 2025 that may be cheaper, especially when looking at processing fees, hardware costs, or monthly subscription structures—depending on your business type and transaction volume.

Here are some POS systems that can be cheaper than Square, depending on how you use them:

1. Helcim – Cheaper for High-Volume Businesses
Helcim uses interchange-plus pricing, which can be significantly cheaper than Square’s flat-rate fees for businesses processing over $5,000/month. It doesn’t charge monthly fees for its POS system, and the processing rates drop as your sales volume increases. For example, a typical in-person transaction might cost closer to 2.0% or less, depending on the card used. Helcim also includes invoicing, CRM, and inventory tools at no additional cost.

2. PayPal Zettle – Lower Flat Fees
PayPal Zettle offers lower in-person transaction fees (2.29% + 9¢) compared to Square’s 2.6% + 10¢. This makes it more affordable for businesses doing frequent, small-dollar sales. Zettle also has competitively priced hardware—its card reader costs about $29, and its POS app is free.

3. SumUp – Cheapest for Micro Businesses
SumUp offers very low-cost hardware (starting from $19) and a flat 2.75% fee per transaction, with no monthly fees or contracts. It’s designed for micro or mobile businesses and is available in multiple regions. If you’re just starting and want basic POS functionality, SumUp can be cheaper than Square overall.

4. Payment Depot – For High-Volume Savings
Payment Depot uses a membership-based model starting at $59/month but gives you wholesale interchange rates. For businesses doing large volumes, the overall cost (including fees) is lower than Square. However, this only makes sense if your monthly sales are high enough to justify the membership fee.

Conclusion:
While Square is affordable for low-volume businesses, POS systems like Helcim, SumUp, PayPal Zettle, and Payment Depot may be cheaper when you factor in lower transaction fees or hardware costs. The best option depends on your business size, volume, and budget.

Which POS service is best?

The best POS (Point of Sale) service in 2025 depends on your business type, size, and goals. However, certain providers consistently stand out for their features, pricing, reliability, and industry-specific tools. Based on performance and user feedback, here are the top POS services and what makes each one stand out.

Square POS is considered the best overall for small to medium-sized businesses. It offers free POS software with essential features such as inventory management, sales reporting, customer tracking, and payment processing.

Square’s intuitive design, transparent pricing (2.6% + 10¢ for in-person transactions), and availability of affordable hardware make it a top choice for retail stores, salons, cafes, and mobile businesses.

Toast POS is the best for restaurants and food businesses. It’s built specifically for the food service industry and includes tools for kitchen display systems, online ordering, menu management, table service, and tip tracking.

While Toast requires a monthly subscription starting at around $69, it provides excellent value with features tailored to the restaurant environment.

Shopify POS is the best for multichannel retailers. If you run an e-commerce store and a physical shop, Shopify POS allows you to manage both from a single dashboard.

Inventory sync, customer data integration, and seamless online-to-offline selling are key features. Shopify POS requires a Shopify subscription, which starts at $39/month, but its retail tools are unmatched for online-first brands.

Clover POS is best for customization and growing businesses. It supports a wide range of apps and integrations, allowing you to tailor the POS experience to your needs.

Clover offers sleek hardware and advanced tools for inventory, employee management, and customer loyalty, although it does require working with a merchant services provider.

For those prioritizing low processing fees, Helcim is a strong contender. It’s best for growing businesses with higher sales volumes and offers interchange-plus pricing with no long-term contracts. Its POS software is free and includes a full suite of business tools.

In summary, the best POS service depends on your needs:

• Square: Best for simplicity and small businesses

• Toast: Best for restaurants

• Shopify POS: Best for online and retail combo

• Clover: Best for customization

• Helcim: Best for low fees and service-based businesses

Which one is better, Shopify or Square?

Choosing between Shopify and Square in 2025 depends largely on your business model. Both are powerful platforms, but they serve slightly different purposes and are better suited for specific types of businesses. Here’s a detailed comparison to help you determine which is better for you.

Shopify is best for businesses that are primarily focused on e-commerce or multichannel selling. It offers a robust online store builder, advanced inventory management, customizable themes, and seamless integrations with platforms like Facebook, Instagram, TikTok, and Amazon.

With Shopify POS, you can manage both your online and in-person sales from a unified dashboard. This makes Shopify ideal for retail businesses that want to grow their online presence alongside a physical store.

However, Shopify POS comes with a cost. You must subscribe to a Shopify plan, with prices starting at $39/month for the Basic plan. Payment processing fees are also around 2.7% per in-person transaction unless you use Shopify Payments.

Square, on the other hand, is best for businesses that operate primarily in-person, such as local shops, cafes, salons, mobile vendors, and service providers. Square’s POS software is free and includes payment processing, inventory tracking, customer profiles, and basic analytics.

Square offers affordable hardware like card readers and terminals, and you only pay a flat fee of 2.6% + 10¢ per transaction, with no monthly subscription required for basic use.

Square also provides free online store options, but its e-commerce tools are not as powerful or flexible as Shopify’s. That said, for businesses that don’t rely heavily on online sales, Square’s free and simple structure is a big win.

In summary, choose Shopify if your business has a strong e-commerce focus or you sell both online and in person. Choose Square if you need a low-cost, easy-to-use POS solution for a physical location with occasional online sales.

They’re both excellent platforms, but the better one depends on whether your business is retail/e-commerce-heavy (Shopify) or service/in-person sales-driven (Square).

What are the disadvantages of Square POS?

While Square POS is widely praised for its simplicity, affordability, and ease of use, it does have some notable disadvantages that may make it unsuitable for certain businesses in 2025. Understanding these drawbacks is important before committing to Square as your main point-of-sale solution.

1. Limited Availability by Region
One of the biggest downsides of Square POS is that it is not available in many countries, including Nigeria and most parts of Africa. Square only supports businesses in a few countries such as the U.S., Canada, UK, Australia, Japan, and Ireland.

If your business is based outside these supported regions, you won’t be able to use Square for payment processing, making it unusable unless you operate within those markets.

2. Flat-Rate Processing Can Be Expensive for High Volumes
Square’s flat-rate pricing model (2.6% + 10¢ per in-person transaction) is simple and transparent, but it can become expensive for high-volume businesses.

Larger companies that process thousands of dollars daily may save more with processors that offer interchange-plus pricing, which adjusts fees based on the card type and transaction method.

3. Limited Advanced Features for Growing Businesses
Square is designed for simplicity, which is perfect for small operations. However, as your business grows and you need more advanced inventory controls, employee permissions, or multi-location management, Square’s basic POS software may fall short. While Square offers some paid add-ons, it doesn’t match the depth and customization offered by systems like Lightspeed, Clover, or Shopify.

4. Customer Support Limitations
While Square does offer customer support, some users have reported slow response times or difficulty accessing live help, especially during peak hours. Businesses needing round-the-clock, high-priority support might find this a limitation.

5. Limited Offline Functionality
Square’s ability to process transactions offline is limited. You can accept payments without an internet connection, but transactions won’t process until you reconnect. This could be a problem for businesses in areas with unreliable internet access.

In conclusion, while Square is a great starter POS system, it may not suit larger businesses, international users, or those needing specialized features. Carefully consider your business goals before choosing Square as your long-term solution.

What is the minimum transaction fee for Square?

As of 2025, Square does not charge a fixed minimum transaction fee in terms of a set dollar amount. Instead, the fee is calculated as a percentage of the transaction amount, plus a small fixed amount depending on the type of transaction. This means even very small payments incur a fee, which can be proportionally high for microtransactions.

Here’s a breakdown of Square’s standard transaction fees:

• In-person transactions (using Square Reader or Terminal):
  2.6% + 10¢ per transaction

• Online payments (e.g., through a Square Online Store):
  2.9% + 30¢ per transaction

• Manually keyed-in transactions (e.g., phone orders):
  3.5% + 15¢ per transaction

So, for example, if a customer makes a $1.00 in-person payment, Square charges:
2.6% of $1.00 = 2.6¢
Plus 10¢ = 12.6¢ total fee
This means you keep approximately 87.4¢ of that $1.00.

Because of the 10¢ or 30¢ flat fee attached to each transaction, very small transactions result in higher effective percentage costs. This can be a drawback for businesses that sell low-cost items, such as cafes or street vendors. In such cases, processing fees could take up a significant portion of the revenue.

Square does not impose a required minimum dollar amount per transaction, so technically, you can accept payments as low as a few cents. However, whether it’s financially smart to do so depends on your profit margin.

It’s also worth noting that Square does not offer tiered pricing or volume-based discounts for standard users. For businesses processing very large volumes, you may need to contact Square’s sales team to negotiate custom rates.

In summary, while Square does not have a fixed minimum fee in terms of dollars, its per-transaction pricing structure means that very small sales may incur high relative costs. This should be considered if your business deals in microtransactions.

Which Square device is best?

In 2025, Square offers a variety of POS hardware devices designed to meet the needs of different business types. The best Square device for you depends on your business size, industry, and whether you operate in a fixed location or on the go. Here’s a breakdown of the top Square devices and which is best for each use case.

1. Square Terminal – Best All-in-One for Small Businesses
The Square Terminal is widely considered the most versatile and cost-effective device for small to medium businesses. It is a compact, portable device that combines a touchscreen, card reader, receipt printer, and battery—all in one.

It accepts chip cards, magnetic stripe, and contactless (NFC) payments like Apple Pay and Google Pay. It’s ideal for cafes, retail stores, and salons that need a professional look and complete portability. As of 2025, the Square Terminal costs around $299, with no monthly fees beyond payment processing.

2. Square Register – Best for Full-Service Retail and Larger Stores
The Square Register is a premium solution designed for businesses that need a complete countertop POS system. It includes two displays—one for the cashier and one for the customer—and supports barcode scanning, receipt printing, and detailed inventory management.

It doesn’t need a separate tablet or iPad, which makes it a seamless all-in-one setup. It’s best for retail stores, restaurants, and high-traffic environments. The Square Register costs about $799, making it more expensive upfront but ideal for established businesses.

3. Square Stand – Best for iPad Users and Growing Businesses
The Square Stand turns your iPad into a full-featured POS station. It includes a built-in card reader and swivel design for customer interaction. You’ll need to purchase your iPad separately, but this setup is great for businesses looking for flexibility and a sleek, modern design. It’s well-suited for boutiques, coffee shops, and small retailers. The Square Stand costs around $149.

4. Square Reader – Best for Mobile or On-the-Go Sales
For businesses that are mobile—such as market vendors, delivery services, or freelancers—the Square Reader for contactless and chip is the most affordable and portable option. At about $49, it’s a great starter device that connects to your smartphone via Bluetooth.

Conclusion:
The best Square device in 2025 depends on your needs:

• Square Terminal: Best all-around for portability and complete setup

• Square Register: Best for high-volume or retail businesses

• Square Stand: Best for iPad users and growing shops

• Square Reader: Best for mobile or casual vendors

Is Square POS account free?

Yes, a Square POS account is free to create and use for basic business operations. In 2025, Square continues to offer one of the most accessible and beginner-friendly POS systems, especially for small businesses, freelancers, and mobile vendors.

You can sign up for a Square account online without any upfront costs or monthly subscription fees for the standard POS software.

Once your account is set up, you gain access to Square’s free POS app, which includes a range of useful features:

• Payment processing (credit/debit cards, contactless)

• Inventory tracking

• Customer directory

• Basic sales reporting

• Invoicing

• Digital receipts

You can run the POS app on compatible iOS and Android devices or use Square’s own hardware like the Square Reader, Stand, Terminal, or Register. The Square Reader for magstripe is often provided for free to new U.S.-based users, while other hardware options are available for purchase.

However, while the account and basic POS tools are free, Square makes money by charging processing fees on each transaction. These are:

• 2.6% + 10¢ for in-person transactions

• 2.9% + 30¢ for online payments

• 3.5% + 15¢ for manually keyed-in payments

Additionally, Square offers optional paid services such as:

• Square Marketing for email campaigns

• Square Loyalty for customer rewards programs

• Square Payroll for managing staff

• Square Appointments for service-based businesses

These add-ons come with monthly fees but are not required to use the basic POS features.

It’s also important to mention that Square is only available in certain countries, including the U.S., Canada, UK, Australia, and Japan. If you’re located outside these regions, including Nigeria, you won’t be able to open or operate a Square account.

In conclusion, a Square POS account is free to set up and use, with no subscription fees for the basic tools. You only pay when you make a sale or choose to use premium services.

Is Square POS trustworthy?

Yes, Square POS is a trustworthy and reliable platform, especially for small to medium-sized businesses. Since its launch in 2009, Square has built a strong reputation for providing secure, transparent, and user-friendly payment solutions. In 2025, it remains one of the most widely used POS systems in the U.S., Canada, the UK, and a few other supported countries, trusted by millions of merchants across various industries.

1. Security and Data Protection
Square takes security seriously. It is PCI-DSS compliant, which means it follows strict standards for protecting cardholder data. All transactions processed through Square are encrypted from end to end, ensuring that sensitive customer payment information is not stored on your device or vulnerable to hackers. Additionally, Square monitors accounts for suspicious activity and provides fraud prevention tools to help protect your business.

2. Transparent Pricing
One of the most appreciated aspects of Square’s platform is its transparent and predictable pricing model. There are no hidden fees, long-term contracts, or surprise charges. You know upfront how much you’ll be paying per transaction, which builds trust with business owners and helps with financial planning.

3. Reliable Infrastructure
Square’s software and hardware are known for stability and minimal downtime. The POS system works smoothly on both iOS and Android devices, and hardware like Square Terminal or Square Register is built for business-grade durability. In the rare case of an issue, Square offers support through email, chat, and phone (depending on your account level).

4. Customer Trust
Customers also trust Square because of the ease and speed of transactions. It accepts chip, contactless, and swipe payments and provides instant digital receipts. Square also allows businesses to issue secure refunds, which helps enhance buyer confidence.

5. Limitations
The only drawback is that Square is not yet available in many countries, including Nigeria. So while it’s extremely trustworthy in supported regions, it cannot be used legally in areas where it’s not licensed.

In summary, Square POS is highly trustworthy, offering top-level security, fair pricing, and reliable tools. It’s a solid option for merchants in countries where it’s officially supported.

Is Square fee free?

Square is not completely fee-free, but it does offer a free POS system with no monthly subscription cost for its basic plan. You can download the Square POS app, create an account, and begin using it to manage your business operations without paying any upfront or recurring fees for the software itself.

However, Square earns money by charging transaction (processing) fees whenever you accept a payment. These fees are deducted automatically from each sale you make, and they vary depending on how the payment is received:

• In-person payments (via Square Reader or Terminal):
  2.6% + 10¢ per transaction

• Online payments (via Square Online or invoices):
  2.9% + 30¢ per transaction

• Manually keyed-in card entries:
  3.5% + 15¢ per transaction

These charges apply every time a customer pays with a card or mobile wallet. Even though you’re not paying for software, Square’s processing fees are unavoidable unless you accept only cash—which Square doesn’t charge for, but you won’t benefit from Square’s payment tracking or digital receipts in that case.

In addition to transaction fees, Square also offers optional premium services that do have monthly costs. Examples include:

• Square for Restaurants or Retail (Plus/Advanced plans)

• Square Appointments (for salons and service businesses)

• Square Marketing (email and SMS campaigns)

• Square Payroll (for managing employee payments)

These are not required to use the basic POS features, but if your business needs advanced tools, you’ll need to pay for them separately.

So, while Square does not charge for basic POS access, it’s not entirely fee-free. You’ll always pay a fee when you process a card payment, which is how Square generates revenue.

In summary, Square is free to start, and its POS software costs nothing to use. But payment processing fees apply to every card transaction, and optional premium tools come at a cost if you choose to upgrade.

Can I use Square POS without paying?

Yes, you can use Square POS without paying any upfront or monthly fees, but this only applies to the basic features of the platform. Square is designed to be a highly accessible, beginner-friendly point-of-sale solution, and it allows businesses to sign up, download the POS app, and begin accepting payments without paying for software or subscriptions.

Here’s what you can do for free with Square POS in 2025:

• Download the Square POS app for iOS or Android

• Create a Square account at no cost

• Use the free POS software for basic inventory management, customer tracking, and sales reporting

• Accept cash payments with no fees

• Use a free magstripe reader (in supported countries) for card swipes

However, while you can operate the POS system without paying for software, Square does charge processing fees on all electronic payments. These fees are automatically deducted from each transaction:

• In-person card transactions: 2.6% + 10¢ per sale

• Online transactions: 2.9% + 30¢

• Manually entered cards: 3.5% + 15¢

So, if you accept only cash payments, you can technically run Square POS without paying anything. But the moment you accept a card, the processing fee applies.

Also, keep in mind that Square offers optional hardware, such as Square Terminal or Square Register, which you must purchase if needed. These devices are not free, though the basic card reader may be provided at no cost to new users in supported countries.

Finally, Square has optional paid features such as:

• Advanced team management

• Marketing and loyalty programs

• Appointments and scheduling tools

• Payroll services

These require monthly fees but are not mandatory.

In conclusion, you can use Square POS for free—especially if you only process cash—but if you accept card payments or need advanced features, you’ll incur transaction fees or optional monthly costs.

Is Opay POS better than Moniepoint?

Whether Opay POS is better than Moniepoint depends on your business needs, location, transaction volume, and service expectations. Both Opay and Moniepoint are among the top POS service providers in Nigeria as of 2025, offering strong network reliability, agent support, and relatively low fees. However, there are key differences to help you decide which one is better suited for your business.

1. Charges and Fees
Moniepoint generally has lower transaction fees than Opay. For withdrawals, Moniepoint charges about ₦6.20 to ₦20 depending on the amount, while Opay’s charges can range from ₦10 to ₦30 per transaction. For deposits, Moniepoint also tends to offer cheaper rates or even zero charges in some cases.

2. POS Machine Cost
Moniepoint POS costs around ₦21,500 to ₦25,000, while Opay POS can be obtained for as low as ₦10,000 or even on a refundable lease basis with active usage. If initial cost is a major factor, Opay might seem more affordable to start with.

3. Network Stability
Moniepoint has built a strong reputation for excellent network reliability and uptime, even in remote areas. Opay also has good network coverage, but some users report occasional downtimes during high-volume hours. For consistent service, Moniepoint often outperforms.

4. Settlement Time
Both platforms offer instant or near-instant settlement, which means you receive your money almost immediately after a transaction. This is great for businesses that rely on daily cash flow.

5. Customer Support and User Experience
Moniepoint offers strong field agent support and business training, which makes it ideal for agents who need physical assistance. Opay, on the other hand, has better digital support through its app and WhatsApp channels.

6. App and User Interface
Opay’s app is more versatile, offering more features such as bill payments, airtime top-up, and loans, making it more than just a POS service. If you want an all-in-one financial app, Opay may be more appealing.

Conclusion
If you want lower transaction charges, better network stability, and strong agent support, Moniepoint is the better choice. But if you prefer a lower entry cost, richer app features, and flexible onboarding, Opay may suit you more. Evaluate your business priorities before choosing.