KippaPay POS – How to get the POS, Requirements, Targets, Charges, and Features
KippaPay is yet another agency banking platform that has made its way into the Nigeria fintech space with their POS still attempting to penetrate the market to compete with other companies in the space.
Although there are banners in shops, tables, and umbrellas on the streets, the Nigerian agency banking space still has more room for growth, and having new platforms who deer to try is a better way to reach the over 59 million under-banked Nigerians in various localities within the country.
Read also: DotPay POS – How to get the POS
What is KippaPay?
KippaPay is a baby product of a Nigerian-based fintech company called Kippa. The company launched its payment service called Kippa Payment in 2022 with the aim of providing SMEs with a seamless cash transfer experience and bill payment with minimal charges while helping to keep business records.
Who is Behind Kippa?
KippaPay has Kennedy Ekezie listed as its founder and CEO on Linkedin. The company is duly registered in Nigeria and has been in operation since 2021 ahead of the launch of its payment service.
Features of KippaPay POS
The KippaPay POS is an Android-based POS with the ability to carry out card withdrawals, print receipts, pay bills, and do transfers, cardless withdrawals, and USSD withdrawal services. They don’t have a balance-checking feature(at the time of this article) for customers who wish to check their card balance before performing transactions.
Read also: Opay User Guide and How to Get POS
How Much Is KippaPay POS?
The KippaPay POS is not for sale however, agents are to pay a caution fee which is capped at 25,000(this means you are not to pay above 25,000 to get the POS from any aggregator or ambassador). This money can be paid before or during delivery depending on your prospective agent’s agreement with the aggregator or ambassador(beware of scammers only pay if you can trust the aggregator or ambassador.)
Caution Fee Refund
Since the KippaPay POS is not for sale, agents who do not wish to continue with the business for any reason must return their POS and in turn, get a refund of N10,000(Ten thousand Naira) provided the agent returned the machine and all accessories intact within 4 months from the date of activation. A lesser amount might be offered where the machine is functional but accessories are damaged or lost.
Note: This refund is usually done by the company hence you don’t expect an instant refund from your aggregator. Make sure to give your aggregator your desired account number for the refund.
Read also: Dotpay Loan – How to Apply
KippaPay Agent Target
Unlike some companies which require a certain amount of money as a transaction target or a number of transactions, KippaPay has no targets at all; but the agent must continuously use their machine to stay active. It is important to note that your aggregator can retrieve the POS if he or she feels you are not performing well enough to keep using the POS.
Kippa POS Charges
In case you are wondering what the charges for KippaPay POS are, below is the breakdown of charges per transaction. Note that the company charges 0.5% hence the below calculation.
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Breakdown of charges
- 1k = 5 naira
- 2k = 10 naira
- 3k = 15 naira
- 4k = 20 naira
- 5k = 25 naira
- 6k = 30 naira
- 7k = 35 naira
- 8k = 40 naira
- 9k = 45 naira
- 10k = 50 naira
- 11k = 55 naira
- 12k = 60 naira
- 13k = 65 naira
- 14k = 70 naira
- 15k = 75 naira
- 16k = 80 naira
- 17k = 85 naira
- 18k = 90 naira
- 19k = 95 naira
- 20k = 100 naira
- 20k to infinity = 100 naira.
- Deposit is N25 flat rate.
How To Become A KippaPay Agent
To become a KippaPay POS agent, you need to complete the agent registration form and provide a valid means of identification (National Identity card, NIN slip, international passport, driver’s license, Voters Card, etc), a recent utility bill(not more than 3 months) and passport photograph. The agent registration can be done by an approved aggregator (Contact me via Whatsapp at 07035543056). You can also get the KippaPay POS from any trusted aggregator you know.
Read also: Paycentre User Guide and How to Get Free POS
List of Requirements Needed
- Utility bill
- Passport photograph
- Your BVN
- Valid Identity Card
Read also: Paycentre Loan – How to Apply
Read also: CBN NIRSAL Non-Interest Targeted Facility Loan 2023
Final words
KippaPay is new but since the company has already used almost a year to test run the payment service, I strongly believe they will deliver quality service to their customers. So feel free to order the terminal.
Also, take a minute to watch the KippaPay POS Unboxing video to see live images and accessories. Please share and recommend this article to others and also refer others to order the POS.
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