Paycentre User Guide and How to Get Free POS
As the mobile money boom continues in Nigeria, more companies are joining the drive and paycentre is one of such companies currently riding the tide with their banners making it to multiple mobile banking/ agency banking outlets in the Nigerian streets.
Just like their counterparts; Opay and Readycash discussed earlier, Paycentre is also sharing the money from this multi-billion dollar industry with individuals across Nigeria who decide to signup as agents to carry out daily transactions using the Paycenter M-pad machine.
Read also: ReadyCash User Guide and How to Get Free POS
Table of Contents
What is Paycentre?
Paycentre Africa is one of the CBN licensed mobile money and agency banking services providers in Nigeria owned by the E-settlement group. Paycenter Africa is a secure agency banking service provider that allows individuals to carry out cash withdrawal, deposit, bill payments, and interbank transfers within their locality without visiting any bank branch.
Who is Behind Paycentre?
Paycentre is a product of E-settlement Limited, a Nigeria based company with registration number RC 1461681. E-settlement limited is an independent, private sector-led, limited liability company located in Lagos, Nigeria focused on providing Innovative, Dependable, Easy-to-use, Affordable, and Secure payment solutions to everyday financial problems in Africa. The company’s head office is located at 13, Hughes Avenue, Alagomeji, Yaba, Lagos State, Nigeria.
Other products from the same company include; Cashenvoy and Paypad.
Read also: Jamalife All You Need to Know and Why You Should Join
Complete Features of Paycentre App
The following services are available on the Paycentre app;
Account opening – allows you to open active bank accounts for individuals in selected banks in Nigeria without going to the bank.
Card Issuance – allows agents to give out valid ATM cards to interested customers and this card can be used in any bank ATM in Nigeria.
Cash deposit and withdrawal service – customers can deposit money into their own account and also carry out withdrawal when needed.
Fund transfer, bill payment, loan application, etc.
These are the various options available on the Paycentre agent app and you can explore all these once you become an agent.
Read also: Opay Loan and all you Need to Know about Opay Loan
How to Become a PayCentre Agent
To become a Paycentre agent, simply download the agent app from the Google play store using your Android phone, complete the agent application form, and submit the form. You can also contact me to guide you on this process especially if you’re within Rivers State and need to get the POS as soon as possible. After completing your application, wait for approval to get your agent ID to start operation.
It is important to note that you need an Android phone to become an agent and also to run this business successfully.
You will need the following to complete your application;
- Utility bill
- Passport photograph
- Your BVN
- Valid Identity Card
Benefits of Becoming an Agent
As a PayCentre agent, you are entitled to some benefits and some of the benefits are;
You earn commission on every transaction carried out by you through the agent app and also for withdrawers done through the M-pad machine. This commission depends on the amount withdrawn by the customer and usually ranges from 40-100 Naira per transaction(it can be more depending on the amount). You also earn a commission for each account you open and card activated through your agent center.
Access to loan – as an agent, you are qualified to apply for a loan to support your business.
Support service – you have access to support through an ambassador or online customer care service which you can access as soon as you need them.
Read also: Opay User Guide and How to Get a free POS
PayCentre Charges
| Service | Range | Charge(+0.75% VAT) |
| Withdrawal | N1k – N5,000 | 0.75% |
| N5,001 – N10,000 | N55 | |
| N10,001 – N15,000 | N75 | |
| N15,001 – N20,000 | N95 | |
| N20,001 – N25,000 | N115 | |
| N25,001 – N30,000 | N135 | |
| N30,001 – N40,000 | N165 | |
| Transfer/Deposit | N1 – N5,000 | N10.50 |
| N5,001 – N50,000 | N26.25 | |
| Above N50,000 | N50 | |
| Agent to Agent | N1 – N250,000(currently free) | N50(currently free) |
| We give back 20% of the funds’ transfer charges to the agent | ||
| Airtime | Agent earn 2% | |
| DSTV/GOTV/STARTIMES | Agent earn 1% | |
Paycentre has also announced the inclusion of cardless withdrawal service; this is a service where customers can withdraw money from their bank account without having an ATM card only through the use of USSD code and this is expected to start with over 10 banks in Nigeria.
Paycentre Current Charges
If you are a paycentre user, I’m sure you must have noticed some changes in charges per transaction. This change is as result of the reduction in charges per transaction and here is the current transaction charges.
From N1 to N10,000 = 0.50% (One Naira to Ten thousand Naira, charge is fifty percent)
From N10,001 – N15,000 = N65( sixty five Naira)
N15,001 – N20,000 = N80(Eighty Naira)
N20,000 and above N90(ninety Naira)
These are the current charges, you can make adjustments to your own charges base on this list. Note that these charges is just for withdrawal.
How to Get PayCentre M-Pos(Pinpad or Paypad Card Reader)
As an agent, you are entitled to a Pinpad machine(also known as M-pos or Paypad card reader) to help you run your mobile money shop more effectively. In other to get a Pinpad, there are few things you are required to do this;
All agents who wish to apply for M-pos are required to pay N10,000(ten thousand Naira) maintenance fee and branding materials fee of N4,000(four thousand naira). After a successful payment, the agent is issued a Pinpad by the company’s Ambassador. You can contact me(07035543056) as an Ambassador covering Rivers State and Bayelsa.
Read also: Do you make money from social media?
Responsibilities of An Agent
As an agent, you are required to have at least N100,000(one hundred thousand naira) at every point in time. The 100,000 should be divided into 2(two) with N50,000(fifty thousand at hand and the other N50,000(fifty thousand naira) in your bank account to cover your transactions.
Agents should also have a functional Android phone with browsing data to carry out transactions.
Read also: The A-Z Guide on Resolution Technologies (RESOTECH)
Paycentre Traditional POS Launched(TPOS) Click to Read Full details
Final words
PayCentre is quite popular in some states in Nigeria but is yet to reach its full potential so you still have enough time to join the company and earn commissions from your transactions. You can also run VTU services and earn a good commission from recharge cards alone.
Thank you for reading this post, sharing is caring, please do share this post with your friends, and don’t forget to like us on Facebook, Twitter, Instagram, YouTube, and other social network channels for regular updates.
How can I apply for Paycentre POS?
interested, thanks for updating me. May d Almighty God continue to strengthening u……..amen
How can I apply for the POS pls
I have get e pos device but I don’t know how to operate it
Is very easy and straight forward. Just try to play around with it. Use the app on your phone to try carrying out a transaction then link the device its very easy
i have one given to me by my bro, how do i transfer tbe ownership, so that i can have my particulars registered on it…and secondly, from which acciunt are we running the transactions from..and finally, how do we withdraw to make turn ober
If you have the agent account details since its your brother’s, then there is no need applying for a change this is because you will need to return the device to the company and then have it reassigned to you. If you are to use it with the current details, you just have to transfer the money in your agent account to your own account without having to edit your brother’s own kinked to the agent account. This will work perfectly without issues. Feel free to ask further questions.
I need paycentre POS urgently, how can i get it,? the location address at akpajo is nowhere to be found. What do i do
I will appreciate your quick response.
Thanks.
The Port Harcourt office have been close for sometime now. You can get from us but right now, we are out of stock till end of the month. You can give me a call by then to know if its available.
I need playcenter POS urgently, how can I get it,? the location address Close to Abeokuta Ogun State, Update me sir What do I do
I will appreciate your quick response.
Is paycenter POS functional in ondo state?
Yes, it works all over Nigeria
Pls is d machine available for pick up now
Yes, the device is available
The 20% of the transaction that will be given to the agent,
Is it 20% of all transaction (withdrawal and deposit)?
Please make me understand u more
The 20% is for agent to agent transfers only and this was applicable when there was 50 Naira charge for agent to agent transfer but this is now 100% free so the 20% is no longer valid. For all other transactions, the agent earns up to 50% or more depending on how much the agent charges. Note that that of airtime and bills payment is as stated on the table.
Pls where can i get your pos in ibadan
Go to the office in Ibadan. Is at 45, Soun Ajagungbade Street, off Aare avenue, Bodija, Ibadan.
I need a pay center pos ,pls where is your office in Ondo state
Could anyone please share PayCentre Lagos(yaba) address with me
Thanks in anticipation
How can I be an aggregator