PayForce POS (charges, Machine Price, daily limit)

Payforce POS price

How much is payforce pos machine? Payforce charges you N20,000 to get its machine. However, the 20k is just precautionary fee. Actual price for outright purchase of the machine is 42,000 naira.

Requirements

The only requirements are an ID card (national ID card, Driver’s license, Voter’s card, or international passport), a Nepa bill, and a passport photo. Payforce POS requires the above plus a cautionary fee.

Payforce POS Charges

Payforce charges N5 for each N1000 withdrawal (N100 for withdrawals over N20,000) and N25 for each deposit of any amount.

The breakdown of payforce pos are as follows:

• N1000 – N5
• N5000 – N25
• N10,000 – N50
• N15,000 – N75
• N20,000 – N100

N100 charges for withdrawal over N20,000 (even though it is N600,000)

Note that you also receive a 10% commission (cashback) on every Payforce POS withdrawal.

Payforce only charges N25 for each and every deposit. Regardless of the amount

How do I get Payforce POS?

To get a Payforce pos machine and become an agent, you must download the Payforce app from the Google Play Store and register.

Register and create a username of your choosing. Complete the form with all the required information.

Perform KYC and add your BVN. Submit your registration details and wait for approval.

Once approved, you can request for a pos machine immediately which will be delivered to you in less than 2 working days after you make payment.

Commissions on Payforce pos?

Here are the commissions Payforce will pay you as an agent when you sell airtime to customers or do TV subscriptions or bill payments for your customers.

• MTN 2.8% commission
• Glo  3.80% commission
• Etisalat  3.30% commission
• Airtel 3.80% commission
• TV subscription
• DStv – N60 commission
• GOtv – N60 commission

IKEDC 1.7% of value plus commission of N50

• PHEDC 0.8% of value in addition to N50 commission
• ENUGU POSTPAID 0.8% of value plus N50 commission
• IBEDC 1.8% of value plus commission of N50*
• 1.8% of value plus N50 Commission for KEDCO

FAQs

Is there a tax on Payforce POS?

No stamp duty applies to Payforce POS. The federal government charges an additional N50 in stamp duty on any withdrawal or incoming transfer of N10,000 or more. This sum has not been deducted from Payforce.

Why does Payforce require a BVN?

The Bank Verification Number is used to check that the given personal information is valid for the CBN-required KYC documents.

How to load money into your Payforce wallet

To fund/credit your Payforce account, please follow the steps outlined below.

1, Launch the PayForce app

2. Select FUND WALLET

3. Select Bank Deposit.

4.Your PayForce deposit account information will be displayed.

Transfer to the displayed account number to quickly fund your wallet.

How do I report a problem with the Payforce POS or platform?

Unfortunately, Payforce does not yet offer a complaint page for failed transactions; in the event of a dispensing problem, the customer must contact their bank.

How to conduct a cash deposit using Payforce POS

Deposits of Cash (Transfer of Funds): This is a standard bank-to-bank transfer.

• Sign in to the APP.
• Select cash deposit.
• Type the amount
• Choose a bank
• Type in the account number
• Enter a telephone number
• Commence narrative
• Select money transfer

How do I access my Payforce dashboard?

Through the Payforce mobile application, you may access your dashboard.

What are the capabilities of a Payforce POS machine?

Here are some services available on Payforce POS systems:

Withdrawal of Cash Fund Transfer Instant Settlement Utility Bill Payment

How do I improve my Payforce KYC level?

To update your KYC on the Payforce app, click the settings icon in the app’s lower-right corner as soon as you log in. On the shown page, you will find UPDATE KYC. There, you may update all of your KYC details to make your account active and completely functional.

How to record debit or disbursement errors on Payforce

• Sign in to the APP.
• Select Settings
• Click on distribute error refund
• Provide all essential details
• Click the submit button

How to report a problem with electricity bill payment on Payforce

1. Register for the APP
2. Choose your favourite Disco
3. Type in the amount
4. Enter the metre number
5. Enter the phone number
6. Enter the narrative

How to Record Cable TV Problem on Payforce

• Sign in to the APP.
• Choose your desired cable TV service
• Choose your desired package
• Enter the number on the smart card or IUC
• Provide a phone number
• Commence narrative
• Select cable TV

How safe is Payforce POS and where is its headquarters?

Payforce is authorized by the Central Bank of Nigeria (CBN) to provide agency banking services, and they have a lengthy history in the agency banking industry.

Why do so many individuals enjoy Payforce POS?

People choose Payforce POS because they are built on the latest technology.

• Fair and dependable price and commission
• Excellent network dependability prompt payment
• Excellent client service

Is there a Payforce mobile app?

Yes, you can download the application by visiting Google Play or Apple iTunes on your iPhone. simply look for Payforce Mobile

Does Payforce have a physical office?

Yes, Payforce’s headquarters are located at Plot 265, S.E. Asebe Street, Mabushi, Abuja. Visit the Payforce website at https://agent.payforce.network/ for further information. Or Contact their Customer Care

Conclusion

Obtaining Payforce POS is simple, and it is a POS that can be obtained quickly if you are just beginning your POS firm.

If you require assistance, you can always reach me via WhatsApp at 08101409501. Always available to assist