Moniepoint is a popular financial services platform that provides many services. These include selling airtime, paying bills, and doing withdrawals and deposits.
It’s part of the broader digital transformation in financial services. It offers a portable Point Of Sale (POS) solution. It is for small and medium-sized businesses and individual entrepreneurs.
In this blog post, I will guide you on how to purchase airtime and data directly from your Moniepoint POS machine.
This is vital for business owners who want to offer these services to their customers. It’s also for people who want an easy way to recharge their phones or buy internet data.Â
Requirement For Airtime or Data on Moniepoint POS
You must fulfil the following requirements to be able to purchase airtime or data from your Moniepoint POS:
- You must have an active account with Moniepoint. This involves signing up with Moniepoint. You will then undergo a process to verify your business or personal use.
- You must have a physical Moniepoint POS terminal. Moniepoint provides this device after you finish setting up your account.
- Ensure your Moniepoint account has enough funds to cover the cost of the airtime or data you intend to buy. You can top up your account through bank transfer or deposit through an agent.
- You’ll need an active mobile number to receive the airtime or data. This can be your number or the number of the customer purchasing the airtime or data.
- Familiarize yourself with the Moniepoint POS terminal’s menu and functions. Knowing how to navigate the options makes the process smoother and faster.
- Know the network provider (e.g., MTN, Glo, Airtel, 9Mobile) for the number you’re buying airtime or data for. You’ll need to select the right provider during the transaction.
How To Buy Airtime on Moniepoint POS
Here’s how you can buy airtime on your Moniepoint POS:
- Click on the “Airtime” option on the Moniepoint POS terminal.
- Enter the amount of airtime you want to purchase.
- Select the network provider (e.g., MTN) for the airtime purchase.
- Input the phone number to which you want to send the airtime.
- Proceed with the transaction. Follow the prompts on the screen. Enter your merchant PIN and confirm the transaction.
How To Buy Data on Moniepoint POS
- Load your Moniepoint account with enough funds to cover the data purchase.
- Get through the POS menu to find the data purchase option.
- Select the appropriate mobile network provider for the data purchase.
- Enter the customer’s mobile number and select the data plan.
- Confirm and complete the transaction.
Note: The POS charges and commissions for data top-up vary by network provider. MTN’s commission is 3%, Glo’s is 4%, 9Mobile’s is 4.5%, and Airtel’s is 4%. This shows you can do these transactions from your Moniepoint POS. You also earn commissions on each one.
Alternative Methods for Purchasing Data & Airtime
Banking apps
Most Nigerian banks have mobile apps. These apps let you buy airtime and data from their bank accounts. This service is often accessible under the “bill payments” or “airtime & data” section within the app.
USSD banking
For those without smartphones or internet access, USSD (unstructured supplementary service data) codes are a direct way to buy airtime and data. By dialing a specific code (e.g., 737# for Gtbank, 904# for MTN direct recharge), you can buy airtime and data bundles directly from your bank account.
Telecom provider apps
Major network providers in Nigeria, such as MTN, GLO, airtel, and 9mobile, have their mobile apps. These apps let you buy airtime and data. They often offer extra bonuses, discounts, or data plans not found elsewhere.
Online retailers and e-commerce platforms
Websites like Jumia and Konga have expanded their services to include the sale of airtime and data. You can purchase directly from these platforms, often enjoying discounts or cashback offers.
Fintech and mobile money apps
Fintech platforms like Opay, Palmpay, and Paylater offer the ability to buy airtime and data. They offer them at low prices.
These apps also provide various payment options, including bank transfers, loans, debit cards, and even QR code payments.
Social media and messaging services
Some vendors and services offer airtime and data for purchase. You can buy through social media platforms or messaging apps like WhatsApp.
This method is becoming more popular for its convenience. It also allows for real-time deal negotiation and support.
FAQs
How do I buy airtime with Moniepoint POS?
To buy airtime with Moniepoint POS, simply navigate the menu, select the network provider, enter the phone number, and confirm the amount to complete the transaction.
How do I check my MTN data balance on Moniepoint POS?
To check your MTN data balance on Moniepoint POS, turn on the device, access the menu, select ‘Account Balance,’ enter your PIN, and view your data balance.
What is the code for Moniepoint recharge?
*894# is the code for airtime recharge on Moniepoint POS. You can dial this code and follow the prompts to recharge airtime directly from your bank account linked to Moniepoint.