Welcome, Today we’ll be discussing on How To Get Baxi POS: Baxi POS Charges, Daily Target, POS Machine Price and Requirements.
Baxi provides merchant Point-of-Sale (POS) terminals to SMEs in Nigeria for accepting payments. Their affordable POS solutions help businesses go cashless and grow sales volumes backed by quality support.
As a leading fintech platform, Baxi aims to drive financial inclusion in Nigeria by providing accessible tools for vendors. Their Android POS devices and seamless operations facilitate digital payments acceptance for merchants nationwide.
Getting Started with Baxi POS
Here is a step-by-step guide to acquiring and activating Baxi POS services:
Fill Application Form
Complete online POS registration form with required business details and owner bio-data.
Get Approval
If qualified, you will receive account activation email and details in 1-3 working days.
Make Payment
Pay subsidized prices for Baxi POS device bundle + starter kit based on plan selected.
Activate and Use
Your Baxi POS machine will be couriered to your shop location ready for immediate use.
Baxi POS Machine Pricing Plans
Baxi offers POS solutions with flexible business models to suit every merchant:
Rent Plans
– 6 Months Rental – 26,000 Naira
– 12 Months Rental – 36,000 Naira
Outright Purchase
– 80,000 Naira one-time price for full ownership
Trade Partner Purchase
– Special rates when bundled with merchant account from approved Baxi partners
Baxi POS Support Services
Baxi aims to provide dedicated assistance and resources to help vendors succeed including:
24/7 Customer Service
Get help from agents via calls, WhatsApp, email, ticketing for any issues.
Remote Troubleshooting
Specialized support engineers can remotely access devices to diagnose and fix problems.
Software Updates
Regular performance enhancements and security patches installed over the air.
Marketing Materials
Free POS branding stickers, flags and posters to help promote cashless payments.
BAZI POS Daily Target
Baxi POS does not have a daily transaction target for merchants.
However, there may be a minimum balance requirement in the merchant’s bank account, which is used to settle transactions made on the Baxi POS device.
Merchants are free to process transactions on the Baxi POS device as often as needed without any restrictions on the number of transactions or the transaction amount.
However, it is important to note that the transaction fees associated with each transaction will be deducted from the transaction amount.
As a Baxi POS merchant, you’re encouraged to use the Baxi POS device frequently to maximize your earnings and provide convenient payment options for your customers.
The Baxi POS device is designed to be user-friendly and reliable, allowing merchants to process transactions quickly and efficiently.
Baxi Merchant Target Requirements
To qualify and maintain a Baxi POS device, merchants must achieve minimum monthly targets including:
Transaction Volumes
Minimum of 500 successful customer payments every 30 days.
Transaction Value
Process at least 300,000 Naira in total monthly sales on POS.
Customer Growth
Acquire at least 10 new cashless payment customers every month.
Uptime and Usage
POS device must maintain 95% uptime and utilization rates.
Baxi Merchant POS Commission Charges
Baxi applies competitive commission fees on payments via POS including:
Debit Cards
1.25% on every debit card swipe or NIP transaction
Credit Cards
2.15% per transaction for Visa and Mastercards
USSD Payments
55 Naira flat rates on each *270#/Interswitch payment
Bank Transfers
25 Naira flat fee per successful account transfer
FAQS About How To Get Baxi POS: Baxi POS Charges, Daily Target, POS Machine Price and Requirements
1. Where is Baxi POS available in Nigeria?
Baxi POS machines and merchant solutions are currently available for SMEs based in cities like Lagos, Abuja, Kano, Port Harcourt, Ibadan and Kaduna.
2. What documents do I need to get Baxi POS?
You need valid business registration documents like CAC, TIN number, business address evidence and owner’s valid ID like national ID card or voters card.
3. Does Baxi provide free POS machine?
No Baxi does not currently offer fully free POS terminals. Their merchant solutions have partially subsidized costs but require upfront payments under rental or outright purchase plans.
4. Can I pay Baxi POS fees daily, weekly or monthly?
Yes, Baxi provides flexible payment cycles according to merchant preference. You can pay service fees daily, weekly or monthly instead of per transaction.
5. What happens if my Baxi POS gets stolen?
Contact the Baxi security team immediately to temporarily suspend the POS and freeze associated merchant wallet account as prevention against potential fraud.
6. Will I have exclusive territorial rights as a Baxi agent?
No, but Baxi limits the proximity of merchants to avoid unfair competition. They aim to ensure viable opportunities and sales volumes for every vendor using their POS solutions.
7. Can I use a personal bank account for my Baxi POS?
No, you must have a valid current business bank account under your shop’s registered name. Personal bank accounts cannot be linked to a merchant POS wallet.
8. What is the difference between renting and buying Baxi POS?
Renting allows cheaper access without large upfront costs but paid over 6 or 12 months. Outright buying enables full ownership with no recurring fees after lump purchase amount.
9. How much does it cost to buy Baxi POS machine?
Baxi merchant point of sale terminal outright purchase is 75,000 Naira. Additional costs apply for starter kit items like receipt printer, extra batteries, etc.
10. What networks can Baxi POS use without internet?
Baxi POS leverages the Interswitch network infrastructure allowing seamless payments connectivity even without internet via channels like Quickteller and USSD.
11. Can I use just any POS machine with Baxi?
No. Due to technical and security reasons, you can only use your approved Baxi provided POS hardware for transactions under their merchant solutions program.
12. Will Baxi POS work outside Nigeria?
No, Baxi POS payment solutions are specifically designed for Nigerian business environments only for now. Use outside Nigeria is not currently supported.
13. Does Baxi provide staff training on POS use?
Yes. Their merchant onboarding includes complimentary basic staff training to get started with seamless device operations, troubleshooting and general usage.
14. What are the maintenance costs for Baxi POS?
There are no designated maintenance fees. Costs for repairs from damage or replacement of lost accessories like printers or batteries are billed accordingly.
15. Can I process international payments on my POS?
No, Baxi POS solutions are currently approved for only domestic Nigerian payments and transactions by customers within the country.
16. How long does Baxi POS approval process take?
Merchant screening and account activations typically complete within a maximum 3 working days after submitting registration forms and documents.
17. Do I need a generator to use Baxi POS?
While not mandatory, having a power backup solution is highly recommended to prevent transaction failures during public electricity outages.
18. What types of businesses can apply for Baxi POS?
Their merchant solutions suits Nigerian SMEs like shops, pharmacies, grocery stores, restaurants and service providers that need to accept cashless payments.
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Conclusion
Adopting Baxi merchant POS solutions empowers Nigerian SMEs to offer seamless cashless experiences and grow revenues.
Contact a Baxi agent for any other questions about getting started with their POS services.
After reading this article now you know How To Get Baxi POS: Baxi POS Charges, Daily Target, POS Machine Price and Requirements.
