Do you want to be your own boss? Do you want to be financially free? in that case, then becoming a Moniepoint aggregator or agent will be the correct possibility for you.
Moniepoint is a main payments platform in Nigeria, and they offer different services that can help you develop your business and attain new clients. As an aggregator or agent, you will be able to offer extensive different financial services to your customers. Tall and short, in this article, I will show you how to become a
What is a Moniepoint Aggregator?
As a Moniepoint aggregator, you act as an intermediary between customers and Moniepoint’s financial services. You are responsible for acquiring and managing a network of Moniepoint agents who will facilitate transactions on behalf of customers. Aggregators play a vital role in expanding Moniepoint’s reach, as they bring on board agents from different locations, increasing accessibility to financial services.
Who is a Moniepoint Agent?
Moniepoint agents are the frontline representatives of the platform. They serve as direct points of contact for customers, assisting them with various financial transactions, such as cash withdrawals, fund transfers, bill payments, and more. Agents are equipped with the necessary tools, including a mobile device and a Moniepoint terminal, to provide these services seamlessly.
Requirements for Becoming a Moniepoint Aggregator and Agent
To become a Moniepoint aggregator and agent, certain prerequisites must be met:
Meet the Eligibility Criteria
The eligibility criteria may vary, but generally, the following requirements are essential:
1 Personal Identification Documents
You must possess valid identification documents, such as a national ID card, international passport, or driver’s license. These documents verify your identity and ensure compliance with regulatory standards.
Business Registration (For Aggregators)
As an aggregator, you will need to register your business with the appropriate government authorities. This process ensures legitimacy and enables Moniepoint to establish a formal partnership with your entity.
Training and Certification
Both aggregators and agents undergo training to understand Moniepoint’s services, technology, and operational processes. This training equips you with the necessary skills to perform your role efficiently.
Steps to Become a Moniepoint Aggregator and Agent
Now that you meet the requirements let’s explore the step-by-step process to become a Moniepoint aggregator and agent:
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Step 1: Find a Moniepoint aggregator office or authorized agent. You can find a list of Moniepoint offices and authorized agents on the Moniepoint website.
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Step 2: Request a Moniepoint form. Once you’ve found an office or agent, ask for a Moniepoint form. The form will ask for your personal information, contact information, and any other relevant information.
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Step 3: Fill out the Moniepoint form. Be sure to fill out the form completely and accurately.
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Step 4: Pay the required fee. The required fee for a Moniepoint POS device is N21,500.
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Step 5: Submit the Moniepoint form. Once you’ve filled out the form and paid the required fee, submit the form to the Moniepoint office or authorized agent.
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Step 6: Wait for approval. Once your application has been submitted, it will be reviewed by Moniepoint. If your application is approved, you will be contacted by Moniepoint and provided with your Moniepoint POS device.
Benefits of Becoming a Moniepoint Aggregator and Agent
Now that you are officially a Moniepoint aggregator and agent, let’s explore the benefits
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Earn commissions on transactions. As an aggregator, you will earn a commission on all transactions conducted through your agent platform. This can be a significant source of income, especially if you have a large number of agents. This commission can be inform of
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Cash withdrawals: 0.5% of the transaction amount for withdrawals between N1 to N20,000. They charge a flat rate of N100 for transactions above N20,000.
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Transfers: N20 for transfers.
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Data top-up: 3% commission for MTN data top-up.
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Bill payments: Varies depending on the biller.
For example, if you facilitate a cash withdrawal of N10,000, you will earn a commission of N50. This is equivalent to 0.5% of the transaction amount. If you facilitate a transfer of N10,000, you will earn a commission of N20. This is a flat rate.
Conclusion
Thanks for reading to this juncture. By following the steps outlined in this guide, you can establish a successful and rewarding aMoniepoint Aggregator.
FAQS
Does Moniepoint pay commission?
Yes, Moniepoint pays commission to its agents and aggregators. The commission structure is as follows:
Read also: How to Become an Opay Aggregator and Agent
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Cash withdrawals: 0.5% of the transaction amount for withdrawals between N1 to N20,000. They charge a flat rate of N100 for transactions above N20,000.
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Transfers: N20 for transfers.
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Data top-up: 3% commission for MTN data top-up.
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Bill payments: Varies depending on the biller.
How much does it cost to get Moniepoint?
The cost of getting Moniepoint is N21,500. This covers a N10,000 caution fee, N10,000 logistics fee, and N1,500 insurance fee for 1 year.
How much is Moniepoint atm card?
The cost of a Moniepoint ATM card is N1,500. This covers the cost of the card issuance and logistics fees. The card is delivered to your doorstep within 48 hours of making the payment.
