Moniepoint stands out as a versatile solution, providing a range of services tailored to user needs.
To ensure users make informed decisions, understanding the breakdown of charges for withdrawals, deposits, and transfers is crucial.
Let’s look into the intricacies of Moniepoint charges to shed light on transaction costs.
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MoniePoint Android App Download
Features Of Moniepoint Pos Machine
Moniepoint Transaction Charges Overview:
Withdrawals:
- N0 – N1,540:
- Charge: N10
- N1,541 – N20,000:
- Charge: 0.65% of the transaction amount
- N20,001 – N49,999:
- Charge: N130
- N50,000 – N99,999:
- Charge: N150
- N100,000 – N500,000:
- Charge: N200
- Minimum Charge: N10
- Maximum Charge: N200
Deposits:
- All Amounts:
- Flat fee: N20
Transfers:
- All Amounts:
- Flat fee: N20
Additional Monthly Service Fee:
- Monthly Service Fee for POS Terminals:
- N50
Examples of Moniepoint Charges:
- Withdrawing N1,000:
- Charge: N10
- Withdrawing N50,000:
- Charge: N150
- Depositing N10,000:
- Charge: N20
- Transferring N500:
- Charge: N20
Key Points to Note:
- These charges are subject to change without notice, and users are encouraged to check the latest fee structure on the Moniepoint website or by contacting customer support.
- For withdrawals, there is a minimum charge of N10 and a maximum charge of N200, providing flexibility based on transaction amounts.
- Deposits and transfers incur a flat fee of N20, streamlining transaction costs for users.
How Do I Check My Commission on Moniepoint?
Understanding the commissions, you earn is vital for maximizing your benefits.
Moniepoint, with its transparent approach, allows users to easily check their commissions and gain insights into their earnings.
Let’s explore the step-by-step process of checking your commissions on Moniepoint.
Steps to Check Your Moniepoint Commission:
| Steps to Check Your Moniepoint Commission | Details |
|---|---|
| 1. Log in to Your Moniepoint Account | Access your Moniepoint account using your preferred device, be it a phone or computer. |
| 2. View Your Main and Promotion Balances | Once logged in, you’ll encounter your main account balance alongside your promotion balance, reflecting your cashback or promotion commission. |
| 3. Detailed Commission Breakdown | To delve into the specifics of your commission, locate and click on the “View Commission” button. This action unveils a detailed breakdown, showcasing your commission for various transaction types such as withdrawals, deposits, and transfers. |
| 4. Commission History Exploration | For a comprehensive overview, explore your commission history by clicking on the “Commission History” tab. This section presents a chronological list of all your commissions for a selected period, accompanied by transaction details for each commission. |
| 5. Contact Moniepoint Customer Support | Should you have inquiries or uncertainties about your commission, don’t hesitate to reach out to Moniepoint’s customer support for prompt assistance. |
Log in to Your Moniepoint Account:
- Access your Moniepoint account using your preferred device – be it a phone or computer.
View Your Main and Promotion Balances:
- Once logged in, you’ll encounter your main account balance alongside your promotion balance, reflecting your cashback or promotion commission.
Detailed Commission Breakdown:
- To proceed into the specifics of your commission, locate and click on the “View Commission” button. This action unveils a detailed breakdown, showcasing your commission for various transaction types such as withdrawals, deposits, and transfers.
Commission History Exploration:
- For a comprehensive overview, explore your commission history by clicking on the “Commission History” tab. This section presents a chronological list of all your commissions for a selected period, accompanied by transaction details for each commission.
Contact Moniepoint Customer Support:
- Should you have inquiries or uncertainties about your commission, don’t hesitate to reach out to Moniepoint’s customer support for prompt assistance.
Important Notes to Consider:
- Commission Rate Variability:
- Commission rates fluctuate based on the transaction type and amount.
- Calculation Basis:
- Commissions are calculated on the gross transaction amount, excluding transaction fees.
- Daily Crediting:
- Commissions are credited to your account on a daily basis, ensuring regular updates on your earnings.
The user-centric approach of Moniepoint extends to providing a user-friendly interface for commission tracking.
By following these simple steps, users can gain a clear understanding of their earnings, promoting financial transparency and informed decision-making.
As Moniepoint continues to facilitate seamless financial transactions, users can navigate their earnings with confidence and clarity.
Conclusion
Understanding the structure of Moniepoint charges empowers users to engage in financial transactions with transparency.
Whether it’s a withdrawal, deposit, or transfer, the clear fee breakdown ensures users can anticipate and plan for transaction costs.
As Moniepoint continues to provide versatile financial services, users can navigate the digital financial landscape with confidence, knowing the costs associated with their transactions.