Introduction: Revolutionizing Payment Solutions with Paystack POS
In April 2022, Paystack achieved one of the highest certifications in the Nigerian fintech space, the Switching and Processing License, issued by the Central Bank of Nigeria (CBN). This milestone led to the introduction of the Paystack POS Terminal, a game-changing device that allows businesses to accept payments seamlessly from multiple channels, including cards, USSD, and bank transfers.
Whether you’re a merchant looking for flexible payment options or a business owner aiming to streamline operations, this guide provides a comprehensive overview of the Paystack POS Terminal, its features, pricing, and how to get one.
Table of Contents
What is the Paystack POS Terminal?
The Paystack POS Terminal is a hardware device designed to help businesses accept in-person payments easily and efficiently. Unlike many traditional POS devices, it supports multiple payment methods, integrates with existing systems, and provides real-time transaction tracking.
With Paystack POS, you can:
- Accept payments from Visa, Mastercard, and Verve cards.
- Process payments via USSD and bank transfers.
- Reconcile multiple transactions effortlessly through the Paystack dashboard.
Pro Tip: The Paystack POS is ideal for businesses seeking versatility and reliability in payment processing.
Related: Opay POS Charges 2025: Benefits & How to Apply
Paystack POS Terminal Prices in Nigeria
The Paystack POS Terminal comes in two models, each with flexible pricing options:
| Model | Price | Payment Options |
|---|---|---|
| Live P1000 | ₦100,000 | One-time payment or ₦17,000/month for 6 months |
| Test P1000 | ₦85,000 | One-time payment |
Paystack offers the flexibility to either purchase the terminal outright or pay in installments. Once you own the terminal, it remains yours, even if you stop processing with Paystack.
Transaction Fees
Paystack charges a fee for every transaction processed through the terminal:
| Transaction Type | Fee Charged | Capped At |
|---|---|---|
| Card Payments | 0.5% | ₦1,000 per transaction |
| USSD Transactions | 1.5% + ₦100 | ₦2,000 (₦100 waived < ₦2,500) |
| Bank Transfers | 1.5% + ₦100 | ₦2,000 (₦100 waived < ₦2,500) |
For example, if a customer pays ₦2,000 via card, Paystack charges 1.5%, waiving the ₦100 since the amount is below ₦2,500.
How to Get the Paystack POS Terminal
You can request a Paystack POS Terminal in two ways:
Option 1: Via the Paystack Dashboard
- Log in to your Paystack Dashboard.
- Navigate to the Terminal Page.
- Select either the Live Terminal or Test Terminal and complete your purchase.
Option 2: Via Email
- Send an email to terminal@paystack.com.
- Include your business details and request for the terminal.
Delivery Timeline: You will receive your terminal within 7 business days of completing your purchase.
Key Features of the Paystack POS Terminal
1. Multiple Payment Channels
Unlike most POS devices that accept only card payments, the Paystack POS supports:
- Card Payments: Visa, Mastercard, Verve.
- USSD Transactions: Supported by multiple banks.
- Bank Transfers: Seamless and secure.
2. Real-Time Transaction Tracking
All transactions processed through the POS are instantly visible on the Paystack Dashboard, enabling easy reconciliation.
3. Split Payments
Businesses with multiple revenue streams can use Paystack POS to split a single payment into different bank accounts automatically.
4. Integration with Existing Systems
The terminal integrates seamlessly with your existing inventory and sales management systems, reducing manual processes.
5. End-of-Day Accounting
View individual terminal transactions in real-time, making daily reconciliations faster and error-free.
The Paystack Terminal App
The Paystack Terminal App, also known as the Paystack Merchant App, complements the POS terminal by providing:
- Real-time transaction management on the go.
- Multi-user access for team members.
- Quick setup for businesses without prior Paystack accounts.
Availability: Download the app for free on Google Play Store or Paystack’s Website.
Paystack Network Reliability
Paystack boasts one of the highest transaction success rates in the industry. If a transaction fails on Paystack, it’s unlikely to succeed elsewhere. The platform also suggests alternative payment channels, such as switching from card to QR code, ensuring seamless payment experiences.
Paystack Customer Support
Paystack provides reliable customer support through:
- Email: Send inquiries to support@paystack.com.
- Phone: Call +234-163-16160 for immediate assistance.
- In-Person Support: Visit the Paystack head office at 126 Joel Ogunnaike Street, Ikeja GRA, Lagos, Nigeria.
FAQs About the Paystack POS Terminal
1. How can I get a Paystack POS Terminal?
Log in to the Paystack Dashboard, navigate to the Terminal Page, and place an order. Alternatively, email terminal@paystack.co to request one.
2. How long does it take to receive the POS terminal?
Terminals are delivered within 7 business days of purchase.
3. What is the maximum fee per transaction?
The maximum fee per transaction is capped at ₦2,000.
4. Can I integrate the terminal with my existing systems?
Yes, Paystack POS integrates with your current inventory and sales management systems.
Why Choose the Paystack POS Terminal?
The Paystack POS Terminal stands out for its versatility, reliability, and ease of use. With features like multiple payment channels, split payments, and integration capabilities, it’s the ideal choice for businesses looking to enhance customer satisfaction and operational efficiency.
Whether you run a retail store, restaurant, or service-based business, the Paystack POS Terminal offers a secure, fast, and seamless payment experience.
Conclusion: Invest in a Paystack POS Terminal Today
The Paystack POS Terminal is more than just a payment device—it’s a complete business solution. With fair pricing, advanced features, and robust customer support, it’s a worthwhile investment for any business aiming to streamline operations and boost revenue.
Ready to transform your business? Get your Paystack POS Terminal today and experience seamless payment processing like never before.
Call to Action
Start accepting payments with ease! Visit Paystack to order your POS Terminal and take your business to the next level.