Moniepoint Commission is attributed to its POS agents and it refers to earning commissions on bill payments made on the Moniepoint POS terminal to customers. The commissions are offered variously for agents based on the services they provide.
Here's Moniepoint commission structures for its POS agents:
- Airtime Purchases:
- MTN: 3%
- Glo: 4%
- Airtel: 4%
- Etisalat: 4.5%
- TV Subscriptions:
- DStv: 2%
- GOtv: 2%
- Startimes: 2%
- PHCH: 2%
Aside the fact that these commission structure incentivizes and encourage Moniepoint POS agents to engage in additional services to enhance their earning potential while also providing value to customers, the commission can be earned alongside commissions charged (a small fee for each transaction processed) from their customers who perform cash withdrawal, deposit and bill payments.
Furthermore, it's important to know that Moniepoint has a tiered commission system in place that enables it POS agents to earn different percentages based on the transaction volume individual agents can carryout per day. For instance, Moniepoint Agent who handles higher transaction volumes per day will definitely benefit from better commission rates compared to those with lower transaction volumes. Meanwhile, note that the Moniepoint Commission is different from POS daily target and transaction charges.
In addition to competitive commission rates, it also worth noting to mention that Moniepoint gives it agents (who reach specific transaction thresholds within designated time frames) performance-based bonuses. The performance-based bonus brings further motivation and commitment for agents to enhance their transaction volumes and overall business performance.
Moniepoint's commitment to offering attractive and mouth-watering earning opportunities for agents and merchants make it a compelling choice for agency networkers in the fintech space. PalmPay is another fintech in Nigeria that's offering impressive commission for (not only it POS agent and also for) individual who's willing to dive into the bill payment business in Nigeria. Lastly, the Moniepoint commission is helping many individual and agents to maximize their income from POS transactions while also maintaining a focus on customer satisfaction and service quality.
