Payforce POS - How To Get POS, POS Charge, How To Become Agent, And How It Works

Payforce POS – How to Get POS, POS Charge, How to Become Agent, and How it Works

Payforce POS has been in the Nigerian agency banking industry for some years now although they were acquired by Fairmoney in the past year and now, they are known as Payforce by Fairmoney.

Payforce even before its acquisition by the now mother company Fairmoney was doing relatively well and was rated as one of the best in the Nigeria agency banking industry because of its reliable network and speedy delivery in all channels of transactions.

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Payforce by Fairmoney What’s In It For You

With the acquisition of Payforce by Fairmoney, Payforce POS agents now have more access to the Fairmoney services including instant account numbers for their business, access to business loans, and other mouth-watering benefits for carrying out daily transactions through the POS.

Read also: Dot Pos All You Need To Know

How to Get Payforce POS

If you are interested in becoming a payforc agent, you can get the POS from either their office or you can simply reach out to any of their aggregators within your state to get the POS and get it registered instantly.

How Much Is Payforce POS?

The official price for this POS is N21,500(Twenty One thousand five hundred Naira) this amount includes an insurance charge. However, you can get it from some agents at N25,000(twenty-five thousand Naira). You can also get it from me if you are in Rivers State, Imo, Bayelsa. Click here to order now on Whatsapp(Note: No payment on delivery outside Port Harcourt).

Current Payforce POS Charges

Payforce has different categories of charges according to the agents’ or customers’ performance and the charges are as follows;

Level	Amount Daily	Transfer Charge	Cashback	Withdrawal Charge
Chairman	N600,000	N19.5(Nineteen Naira Fify Kobo	22%	0.39% Capped at N78
Boss	N400,000	N20 (Twenty Naira)	20%	0.4% Capped at N80
Master	N300,000	N21.5(Twenty One Naira, Fifty Kobo)	15%	0.425% Capped at N85
Starter	N80,000	N22.5(Twenty Two Naira, Fify Kobo)	10%	0.45% Capped at N90

Note: The charges above are the new charges as recently released by the company.

Breaking Down the Payforce Withdrawal Charges

The amount you are charged as an agent depends on your daily transaction amount as shown in the above table. To demonstrate this, we will use N1000(One thousand Naira) for all levels including; Chairman, Boss, Master, and Starter.

For Chairman, the charge for N1,000 is N3.9(Three Naira, Ninety Kobo)

Charman, N1,000 = N3.9
Boss, N1,000 = N4
Master, N1,000 = N4.25
Starter, N1,000 = N4.5

How to Calculate Payforce POS Charges

To know the amount you are charged for any transaction, simply divide the amount by 100 then multiply by the percentage that fits the category or level you fall under.

E.g 10,000/100 = 100×0.45 = N45 (In this example, the starter was used hence 0.45).

Read also: Dotpay Loan – How to Apply,

How to Become a Payforce Agent

To become a payforce agent, you will need to create a payforce profile(Don’t do this without knowing where to get the POS because the aggregator code is required for him or her to activate your account and mapped your POS). To create a profile, you need to install the Payforce App then you also need the following documents;

A valid ID Card(NIN, Voters Card or International Passport)
Recent Utility Bill(Nepa Bill for Address verification)
A selfie Image and Your personal details

You must also pay for the POS(Note outright purchase).

POS Target

Payforce doesn’t really give her agents targets however, your machine must perform transactions to remain active or you risk retrieval if you consistently fail to perform transactions.

How Long Does It Take To Activate An Agent Account?

As a new Payforce agent or a prospect, you might be wondering how long it will take for your account to be activated. The answer to this is, it depends on how clear your documents are and the day of the week you submitted your information. For some persons, it takes less than 24 hours, while for others, it takes up to 72 hours.

Do I Need A BVN To Create a Payforce Account?

Yes, you must have a BVN number that matches the details you are providing during registration. Don’t worry, your data is safe.

How Fast Can I Get A Payforce POS

How fast you can get it depends on a few things and they include;

Availability of POS at the time
Your location and availability of aggregator in that location
Do you have a valid ID and Utility bill without it, even if you see an aggregator, you can’t get the terminal.

Note: It is not advisable to buy an already activated POS that doesn’t have your personal details. This is very risky and can get you in trouble or cause you to lose money.

Do you have any questions regarding Payforce POS? Or Do you want to get one now? Leave a comment below let’s help you out.

Please only contact me if you need POS in the locations mentioned. I am not a customer care representative so, don’t call me for complaints or issues with your aggregator.

How it Works

As an agent of Payforce or a customer, you use the POS to make sales or run a POS business. How often you use the POS determines your charges and the category you will be placed as mentioned above. You will also get cashback for each transaction you perform using the POS hence, you make more money outside the charges you collect from your customers.

POS business is still very lucrative but you must find a location with a good population and a bit far from the bank. You can offer some discounts as a beginner to attract more customers and gradually grow from there.

The profit in the POS business is not so much but it can be a lot over time as your customer base increases you must try to avoid losses at all costs and you can do this more by double-checking every transaction before you proceed to avoid overpaying anyone.

PayForce Office Address

There are various offices across the country but the head office is at No. 19A, Adeyemo Alakija Street, Victoria Island, Lagos, Nigeria. Or Plot 265, S.E Asabe Street, Mabushi, Abuja, Nigeria

Payforce Customer Care Number

(+234 818 0000 553) or 07000102030

Read also: Nigeria Loan Apps and USSD Code

Final Words

Finally, remember to run the business on your own for some time before employing someone. This will enable you to understand the business better and also know your profit margin.

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Payforce POS – How to Get POS, POS Charge, How to Become Agent, and How it Works

Payforce by Fairmoney What’s In It For You