Flutterwave POS: All You Need To Know

The Flutterwave POS helps you receive payments from customers for both goods and services. For those who simply want to start a cash withdrawal business, the Flutterwave POS is a good platform as it accepts all ATM cards in Nigeria, including Interswitch, MasterCard, Visa, and Verve.

In this article, I will explain in detail how to get a Flutterwave POS and answer any important questions you might have about the POS machine.

Flutterwave POS Features

Flutterwave Android POS

You can use a POS terminal to carry out various transactions like bill payments, fund transfers, and cash withdrawals. Flutterwave POS offers the following features below:

Fast transfers: You can transfer money directly from a customer’s bank account to yours (merchant) in just a matter of seconds any time any day.

Pay Bills: Using Flutterwave POS, you can pay numerous bills. For example, you can pay for airtime, data, electricity, and cable TV from your Flutterwave wallet.

Flutterwave POS Charges

Flutterwave charges 0.6% and N20 on average on every deposit of any amount.

For every N1000 you withdraw for a customer, they will charge you N6 and for transfer of any amount they will charge you N20

The table below presents further explanation of charges per amount:

Amount	Charges
N1000	N6
N2000	N12
N3000	N18
N4000	N24
N5000	N30
N6000	N36
N7000	N42
N8000	N48
N9000	N54
N10000	N60

For any amount greater than N20,000 the same trend is maintained. Flutterwave POS doesn’t charge for stamp duty. Normally, A N50 stamp duty is charged by the Federal Government on any withdrawal or transfer of N10,000 or more.

Flutterwave POS app

The Mobile POS (POS App) integrates the features of several devices into one, enabling you to perform a lot of transactions and recordings, leading to seamless transactions. You can download the Flutterwave POS app from the Google Play Store or Apple Store for iPhone. All that you need to do is to search for “Flutterwave POS”.

The mobile app turns your mobile phone into a mobile POS. Instead of using ATM cards, you can generate a payment link using the app allowing you to accept payments from your customers

Flutterwave POS app accepts more payment types than any physical POS. Payment types such as; card payments, bank transfers, Paga, mobile money, PayPal, and USSD.

How to Get Flutterwave POS Machine

Step 1 — How to register and apply for a POS Machine

Download the Flutterwave POS from the Google play store or App store.

Launch the Application
Click on sign up (account creation)
Fill in the necessary details (First name, Last Name, Phone number, Business Information, etc.)
Enter your referral code (Aggregator code)
Create login details after filling out the form (email and password)
Check the ‘I agree’ box
Click Register

Step 2 — Needed documents for account upgrading

You will be needing the following documents to enable the upgrading of your account

A verified Identity card such as International Passport, National ID Card, or Voters Card
Utility Bill (Nepa Bill)
Business License (For Registered businesses only)
Valid BVN
Account Number
Valid email address

After the submission of the needed documents to your aggregator, your aggregator will then forward them to the Flutterwave team. After that, your account will be upgraded and a POS will be linked to your account. Flutterwave uses BVN to validate your account for proper KYC documentation as required by the CBN. The Flutterwave POS is free, but a cautionary fee of N10,000 is needed to get the POS.

Note: Remember you have to contact any Flutterwave aggregator close to you in order to get the referral code.

What other services does Fluttewave offer?

There are numerous services rendered by Fluttervave, generally, the following services are offered:

offered:

Checkout

One of the simplest and easiest ways for you to collect online payment from your customers regardless of where they are is, using the checkout system. This service exists on the web and mobile. Essentially, all that is required is to integrate it on the checkout page of your business site, and certainly, you are good to go.

Card issuing

Flutterwave allows you to create and manage virtual cards through its card-issuing platform. In other words, you can create a 16 digits number together with a CVV code that you can use to purchase goods and pay for services remotely. There is the ability to set spending or site-specific limits and Flutterwave stores the cards with their API.

Online Store

Thankfully, for anyone looking to run an online business at the lowest cost, Flutterwave provides a very good platform. Within a few minutes, you are done with setting up a store and most importantly, listing your products and their details to entice potential customers. The only thing left for you to do after that is to start sharing your store link for people to see.

Invoicing

Creating professional-looking invoices is crucial in businesses. Invoice by Flutterwave helps you create and manage invoices with your clients. It helps you to keep track of all the payments made and makes them easily and readily available and accessible to you at all times.

Payment Links

Flutterwave payment links were designed for owners of businesses who are in need of a platform to accept payments from their customers. Essentially, after setting up, the next step needed for you is to share your payment link with customers with which they can make payments.

Get Flutterwave POS Today

Flutterwave POS offers low and fair charges to help you run and improve your business effectively. You can make withdrawals and make cash transfers with minimal transaction charges. The POS can serve cash transaction purposes with competitive pricing and user-friendly technology.

I have performed several cash transactions on it with ease and it is a very fast and reliable POS for businesses. With this POS you can pay for electricity bills, cable subscriptions (DSTV, GOTV, Startimes), Water bills, etc. In cases of failed transactions, you can easily reach their customer service unit for complaints and they will respond promptly. I recommend this POS for starters in the agent banking space and also for established businesses.

FAQs About Flutterwave POS

Does Flutterwave have a POS?

Yes. The Flutterwave POS like any other POS out there allows both deposit and withdrawal of money using your debit card (ATM card). You can also pay for utilities such as electricity bill, and cable subscription (DSTV, GOTV, Startimes etc).

Aside from the physical POS, there is the Mobile POS (Mobile app) that can be downloaded from Play Store or Apple Store. It may take a day to a week to get a Flutterwave POS. The Flutterwave POS is approved and certified by the Central Bank of Nigeria (CBN).

How do I get a Flutterwave POS machine?

To get a Flutterwave POS or to become an agent, you will need to contact any Flutterwave aggregator close to you. Your closest aggregator will answer all necessary questions pertaining to getting the POS and all the necessary documents needed for submission.

Search for a POS aggregator on the Flutterwave website. You will see tons of aggregators on this platform, find the ones closest to you.

How much is the transaction fee for Flutterwave?

Flutterwave charges 0.6% and N20 on average for every deposit of any amount.

For withdrawals, Flutterwave charges 0.6% and N20 on average on every deposit of any amount.

For every N1000 you withdraw for a customer, they will charge you N6 and for transfer of any amount they will charge you N20

How can I become a Flutterwave POS agent?

To become a Flutterwave agent, you will need to contact any Flutterwave aggregator close to you. All you need is your ID card (whether national ID card, Driver’s license, Voter’s card, or international passport), Nepa bill, and passport photograph. All these plus a cautionary fee of N10,000 is what you need to get the POS.

Flutterwave POS: All You Need To Know