How To Get Kudi POS – Kudi Pos withdrawal charges, machine price and daily target

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Welcome, today we’ll be discussing on How To Get Kudi POS – Kudi Pos withdrawal charges, machine price and daily target.

Kudi POS is a point-of-sale service offered by Kudi Money, a fintech company in Nigeria. It allows merchants and businesses to accept card and wallet payments from customers.

The Kudi POS works with an android device or POS terminal. It accepts payments from debit cards, credit cards, bank transfers and popular e-wallets like OPay, Flutterwave, and Paystack.

What are the benefits of using Kudi POS?

Here are some of the key benefits of using Kudi POS for your business:

  • Accept payments seamlessly from cards and popular e-wallets
  • No need for a separate merchant account to accept payments
  • Low transaction charges – 1.4% for cards and 1% for wallets
  • Daily automated settlements ensure you get your money on time
  • Dedicated account manager for support
  • Real-time notification on transactions
  • Detailed reports and statements
  • Portable and easy to use on android devices
  • Suitable for small, medium and large-scale businesses

What are the charges and commission for Kudi POS?

Here is an overview of the charges and commission for using the Kudi POS solution:

  • Activation fee: Free
  • Monthly rental: None
  • Transaction charges:
    • Card payments – 1.4% charge per transaction
    • Wallet payments – 1% per transaction
  • Settlement: Daily (transfers to your bank account)
  • Withdrawal fee: None
  • TIPS enabled: Yes

So in summary, you only pay between 1% to 1.4% per transaction as charges. There are no hidden costs. Settlements are done automatically to your bank daily.

What devices can I use for Kudi POS?

You can use an android device like a smartphone or tablet to accept payments on Kudi POS. The app works best on recent android versions like 8.0 and above.

You also have the option to purchase a dedicated POS machine from Kudi Money. These POS machines come pre-configured to work seamlessly with the Kudi POS app.

How much does the Kudi POS machine cost?

The Kudi POS android machine is available for purchase at N45,000. This is a one-time cost, with no monthly rentals.

This device is specially built to work optimally with the Kudi POS app. It runs an Android OS and comes preloaded with the app.

The advantages of getting the POS machine include hassle-free configuration, dedicated customer support, robust device suited for businesses, ability to print receipts via Bluetooth printer pairing.

How many transactions can I run on Kudi POS daily?

Kudi POS has flexible limits that adjust based on your transaction history and account standing.

When starting out, you typically get a limit of around 50,000 Naira per day. As you use the POS over time and have regular settlements, your limits get increased.

It’s possible to process 200,000 Naira or more in transactions after using the POS for a few months successfully. Reach out to your account manager for more details on this.

The key thing is there are no rigid caps – Kudi POS aims to provide limits suitable for each merchant based on legitimate factors.

How long does Kudi POS withdrawal take?

The withdrawal time is very fast with Kudi POS. The moment settlement is triggered, the money reaches your bank account within 24 hours.

Mostly, merchants see the money reflecting in their bank account on the same day the settlement happens in morning periods.

So withdrawals with Kudi POS typically take between few hours to max 1 day after settlement. Much faster compared to traditional merchant accounts.

Can I use Kudi POS offline?

No, Kudi POS currently does not support offline transactions. You need an active internet connection on your device to accept payments.

The app needs to connect with Kudi’s servers to verify transactions, generate invoices and process payments in real-time. Without internet, this information exchange is not possible.

However, many affordable data plans and internet availability these days ensure this is a small requirement compared to benefits. Kudi also has inhouse wifi device options coming soon.

How do I contact Kudi POS customer care?

You can reach the Kudi POS customer support through the following channels:

  • Phone -01 888 5008
  • Email –
  • Whatsapp – Send a message to 09085570684.

The customer care team is available on all days 9 AM to 6 PM. You can reach out for any assistance related to transactions, settlements, device issues and more.

Each merchant also gets an dedicated account manager for faster resolution of concerns.

How do I track my Kudi POS transactions?

The Kudi POS system offers detailed control and transparency on transactions.

You can check all your payments in real-time on the app dashboard itself. The dashboard shows transaction amount, date, reference IDs and mode of payment.

You also get automated email and SMS notifications confirming every payment received.

For a consolidated report, you can generate payment statements that capture data for custom defined periods like daily, weekly or monthly.

These detailed statements can also be exported as Excel files for integration with accounting tools like Quickbooks.

Is Kudi POS safe to use?

Yes, Kudi POS offers bank-grade security and compliance not found at informal payment processors.

All data transfer happens over secure protocols like HTTPS/TLS. Sensitive card information is tokenized and not stored on merchant devices.

The platform is PCI-DSS certified meaning it meets global security standards for processing card data.

So you get a very high level of security, data privacy and compliance with Kudi POS suitable even for large scale enterprises.

How To Get Kudi POS – Kudi Pos withdrawal charges, machine price and daily target

What are the requirements to use Kudi POS?

The prerequisites to start using Kudi POS are very minimal. This enables most businesses to easily adopt digital payments.

Here is an overview of the requirements:

  • Active bank account
  • Smartphone or tablet with Android 8.0+
  • Valid ID document like national ID, passport or drivers licence
  • Internet/data connectivity
  • Products or service offering

That’s all! Account opening is very fast and you can typically start accepting payments in 1-2 days.

How popular is Kudi POS in Nigeria?

Even though launched recently in 2021, Kudi POS has seen tremendous adoption across Nigeria.

As per latest reports, Kudi POS is now live in 5,136 towns and cities across all 36 states in Nigeria.

Over 15,000 SME merchants actively use the platform, recording over 5 million transactions worth 12 billion Naira.

Several large enterprise clients spanning hospitals, schools, FMCGs companies have also partnered with Kudi POS.

So within 2 years, Kudi POS has emerged as one of the top POS solutions tailored specifically for Nigerian businesses.

What are the alternatives to Kudi POS?

Some of the popular alternatives for point-of-sale services in Nigeria include:

  • Paystack POS: Offers fixed and wireless terminals with custom apps for large businesses
  • Sparkle POS: Features Android POS systems with bookkeeping integrations
  • VTPass: Cloud-based POS targeted at SMEs with flexibility options
  • Jumia PAY: POS for Jumia vendors with central reporting dashboard
  • Moniepoint: Low-cost smart POS systems for small merchants

However, Kudi POS ticks all boxes like convenience, transparent pricing, local customer support that makes it a preferred choice for majority SMEs in the Nigerian market.

Why choose Kudi POS over other options?

Kudi POS beats most other POS solutions in Nigeria on important aspects like:

  1. Cost – Very minimal 1% to 1.4% charges, free device options
  2. Speed – Automatic next day settlements to your bank
  3. Security – Bank-grade security protocols
  4. Convenience – No separate merchant account, easy integration
  5. Support – Dedicated account manager
  6. Brand – Established fintech player with funding pedigree

So when you evaluate based on pricing, reliability, features and brand credibility – Kudi POS clearly stands out as a top choice for smart businesses looking to digitize their payments.

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Kudi POS offers an innovative, affordable and secure solution for Nigerian SMEs and larger enterprises to adopt digital payments.

Automated settlements, minimal transaction charges, dedicated support and flexibility in usage makes it one of the top POS platform tailored for the local context.

With digital payments adoption accelerating across Nigeria, Kudi POS presents a future-ready platform to boost business revenues at modest costs.

After reading this blog you know about How To Get Kudi POS – Kudi Pos withdrawal charges, machine price and daily target

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