Introduction: Everything You Need to Know About Baxi POS
Baxi POS has established itself as a key player in Nigeria’s agency banking sector, offering various financial services through its digital platforms. From cash withdrawals to utility bill payments, Baxi provides an efficient and secure way for agents to offer financial services within their communities. This guide covers Baxi POS charges in Nigeria, device pricing, and how you can become a Baxi POS agent.
Table of Contents
Baxi POS Charges in Nigeria
Baxi offers two main types of POS devices, each with distinct features and costs:
- Baxi Android POS: ₦30,000 (cautionary fee)
- Baxi MPOS: ₦10,000 (cautionary fee)
These fees are refundable upon the return of the POS device in good working condition.
Related: Opay POS Charges 2025: Benefits & How to Apply
Baxi POS Charges for Transactions
Baxi POS charges are competitive, making it a popular choice for agents. Below is a breakdown of the charges:
- Cash Transactions:
- ₦1 – ₦20,000: 0.55%
- ₦20,001 – ₦1,000,000: ₦100 flat fee
- Transfers:
- Flat rate of ₦30
- Utility Bill Payments:
- MTN Data Bundle: 1.60%
- Airtel Data Bundle: 1.76%
- Glo Data Bundle: 2.80%
- 9Mobile Data Bundle: 2.80%
- DSTV: 1.40% (Regular Agent), 1.20% (SabiMen Agent)
- Gotv: 1.40% (Regular Agent), 1.20% (SabiMen Agent)
Additional Services and Charges
- Electricity Bills:
- IIKEDC Token Vending: 1.20%
- EKEDC Prepaid: 0.8%, Postpaid: 2.00%
- AEDC Prepaid/Postpaid: 0.96%
- Lotto Transactions:
- Golden Chance Lotto (5/90): 20% commission
How to Get a Baxi POS Machine and Become an Agent
Becoming a Baxi POS agent involves a few simple steps:
Step 1: Registration
- Sign Up: Visit the Baxi website or download the Baxi app.
- Agent Registration: Complete the registration form and provide necessary documentation, including valid ID and proof of address.
Step 2: Device Setup
- Device Acquisition: Purchase the POS device online or through a sales representative.
- Activation: Complete agent data creation, location verification, and backend activation.
Step 3: Training and Branding
- Training: Receive training on how to use the Baxi POS system.
- Branding: Your location will be branded to reflect Baxi’s identity.
Funding Your Baxi Wallet
You can fund your Baxi wallet using several methods:
- USSD Code: Limited to Zenith Bank and GTBank.
- Zenith Bank: Dial 9666*2277# and follow prompts.
- GTBank: Dial 73750Amount37# and follow prompts.
- Mobile Banking App: Use apps like GTWorld to transfer funds directly to your Baxi wallet.
- Bank Branch: Visit any bank branch to make a deposit to your Baxi wallet.
- Web Pay: Log in to your internet banking platform and follow the steps to fund your wallet through NIBSS e-bills payments.
Baxi POS Features and Advantages
- Multiple Bank Transfer Portals: Offers options through Zenith Bank, Rubies Bank, and GTBank for fund transfers.
- Utility Bill Payments: Seamless payment of electricity, cable TV, and other utilities.
- Recharge Card Vending: Print recharge card pins and earn commissions on sales.
- Account Balance Checks: Check customer account balances using the POS device.
Network Reliability and Customer Support
Baxi POS is renowned for its reliable network, ensuring smooth transactions for both withdrawals and transfers. While occasional network issues may occur, the overall performance is rated highly. Baxi also offers robust customer support, available six days a week from 8 am to 5:30 pm, to assist agents with any challenges.
FAQs: Baxi POS Charges and Usage
1. How much does a Baxi POS machine cost?
The Baxi Android POS is priced at ₦30,000, while the Baxi MPOS costs ₦10,000. These are cautionary fees and refundable if the device is returned in good condition.
2. What are the charges for cash withdrawals on Baxi POS?
Baxi charges 0.55% for withdrawals between ₦1 and ₦20,000, and a flat fee of ₦100 for amounts above ₦20,000.
3. Can I earn commissions on utility bill payments?
Yes, Baxi offers commissions on utility bill payments such as DSTV, Gotv, and electricity bills.
4. How do I fund my Baxi wallet?
You can fund your Baxi wallet through USSD codes, mobile banking apps, bank branch deposits, or web pay.
Conclusion: Is Baxi POS the Right Choice for You?
Baxi POS provides a versatile, reliable, and cost-effective solution for agents looking to offer financial services. With competitive charges, multiple service options, and a strong support system, Baxi stands out as a top choice for anyone interested in the POS business in Nigeria.
Whether you’re starting a new POS business or looking to switch providers, Baxi POS offers the tools and support you need to succeed.
Call to Action
Now that you have understood Baxi POS Charges, explore Baxi POS today and enhance your financial service offerings with a reliable and efficient POS solution.