As a merchant or agent looking to venture into point-of-sales (POS) business in Nigeria, one of the factors you need to consider before choosing a POS terminal is daily target. Studies and interviews with operators suggest 60-80% of POS agents in Nigeria work with daily targets, mostly imposed by their POS providers.
In this article, we’ll walk you through everything you needed to know about Palmpay POS Daily Target. Let’s get started!
PalmPay POS Daily Target
There is a ₦20,000 daily target on all PalmPay POS Machines. However, this daily target is only applicable to agents and merchants who purchased the POS device on cautionary fee.
PalmPay offers mainly two types of POS terminals; Linux POS and Smart POS. The Linux POS cost ₦22,000 on caution, which includes ₦20,000 for the lease and ₦2,000 for POS Care. Meanwhile, if you’re purchasing outrightly, it’ll cost ₦32,000, which consist of ₦30,000 for the device and an additional ₦2,000 for POS Care.
| Option | Cost Breakdown | Total Cost | Daily Target |
|---|---|---|---|
| Lease Price | ₦20,000 + ₦2,000 (POS Care) | ₦22,000 | Yes, there’s a daily target |
| Outright Purchase | ₦30,000 + ₦2,000 (POS Care) | ₦32,000 | No, there’s no daily target |
In a nutshell, PalmPay POS Machines have a daily target of ₦20,000 when agents or merchants buy it on lease price (cautionary fee) and have no daily target when they buy it on outright purchase.
