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

If you're looking for a reliable and efficient way to accept payments for your small business or start-up, then a POS system is a must-have. Kudi POS is one of the most popular systems in Nigeria, offering a range of features that can help you streamline your operations and increase your revenue potential.

However, before you jump into obtaining a Kudi POS, you need to be aware of the cost breakdown and daily performance expectations. This comprehensive guide will take you through all the important details, from the initial investment and transaction fees to the expected daily revenue and profitability.

So, let's dive in and discover everything you need to know about obtaining Kudi POS.

What is Kudi POS?

Kudi POS is a portable Point of Sale (POS) device that allows businesses or individuals to accept payments from customers using various payment methods, including ATM cards, and transfers.

Kudi Financial Services Limited, a fintech firm based in Nigeria, is the one responsible for giving a solution to the problem. The company's primary mission is to deliver financial services to the unbanked and underbanked populations in the country.

Benefits of Using Kudi POS

Before we delve into the process of obtaining a Kudi POS machine, let's first highlight the key benefits of using this innovative payment solution:

Using Kudi POS can provide a number of benefits, including the following:

●        Instant transaction confirmation

●        Continuous reporting and analysis in real time

●        It offers an interface that is simple to use, and it is reasonably priced.

●        Outstanding support for customers

●        Transactions that are both safe and dependable

How to Get Kudi POS

The application process for a Kudi POS machine is broken down into the following steps:

●        Create your Kudi account by going to the website for https://nomba.com/Nomba.

●        To register with Kudi, simply fill out the registration form and send it in.

●        Make sure that your email address and phone number are correct by using the OTP.

●        To access your account, simply log in by following the on-screen prompts.

●        Locate "Accept Payments" in the sidebar of your website, and then choose the "Terminals" option.

●        Now, select the "Request Terminal" option by clicking on it.

●        Complete the Kudi POS registration form, and then send it in so that it can be evaluated.

●        After all of this has been finished, the team at Kudi Nomba will look over your application. This can take anything from twenty-four to forty-eight hours, on average. Keep in mind that they may grant or deny your request depending on their circumstances.

NOTE: if your application is  accepted, you will be provided with guidelines on how to get your POS machine. If your request was denied, you still have the option to submit a new one.

You may also submit a direct application for a Kudi POS machine without first completing any of the required steps online. The only thing you need to do is locate a Kudi branch that is close to you and go there in person or phone their customer care line. After that, you will need to provide them all of the requirements, and they will handle your request completely from beginning to end.

Kudi POS Withdrawal Charges

The percentage that Kudi POS adds to each transaction is, on average, 0.70 percent. That is, a charge of 0.70% of the total amount will be deducted from the funds whenever a transaction is processed using the Kudi POS system. Remember that this fee applies to all of your transactions, including deposits, withdrawals, and transfers. In addition, there aren't any other fees that sneak up on you.

Kudi POS Machine Price

It is completely free to apply for a Kudi POS. The Kudi POS machine, on the other hand, costs between N25,000 to N85,00. This is a one-time fee to acquire the Kudi Nomba POS machine. The machine is frequently accompanied by a free Kudi T-Shirt.

Kudi POS Daily Target

The daily target is the minimum number of transactions a business must handle to avoid incurring penalties. In order to use Kudi POS, businesses must process at least 30,000 per day. A penalty of 1,000 will be imposed to the business if the goal is not met. Companies need to make sure they hit their daily goals in order to avoid incurring this cost.

Tips for Maximizing Kudi POS Performance

Ensure Reliable Internet Connectivity: A solid internet connection is one of the most important criteria for effective Kudi POS performance. To avoid difficulties during transactions, make sure you have a dependable internet service provider (ISP) or consider using a backup connection, such as a mobile hotspot.

Encourage consumers to Use Various Payment Methods: Encourage your consumers to use various payment methods by prominently displaying signage showing the available options. Make it clear that you take debit cards, credit cards, and mobile wallets via Kudi POS. This saves your consumers time and enhances the possibility that they will complete purchases.

Provide Staff Training: If you have personnel who will be handling the Kudi POS machine, make sure they are well trained on how to utilize the equipment. Familiarize them with the transaction procedure, common problems, and offering excellent customer service. Staff that has been properly trained can make a huge difference in guaranteeing seamless transactions and client satisfaction.

Maintain Device and Software Updates: Update the software on your Kudi POS device on a regular basis to guarantee you have the most up-to-date features, security advancements, and bug fixes. These upgrades are critical for maintaining peak performance and avoiding complications with new payment technology or regulatory changes.

Provide Excellent Customer Service: Excellent customer service goes a long way toward developing loyalty and encouraging clients to use the Kudi POS terminal. Train your employees to give excellent customer service, to handle any issues or concerns as soon as possible, and to create a nice and speedy checkout procedure. Ensure that consumers feel valued and well-served throughout their interactions.

Monitor Transaction Security: It is your obligation as a business owner to safeguard the security of your clients' payment information. Familiarize yourself with Kudi POS's security features, such as encryption and tokenization, and educate your team on best practices for safely handling client payment information.

Regularly Review and Reconcile Transactions: Review and reconcile your Kudi POS transactions on a regular basis to ensure correctness and spot any inconsistencies. This technique assists you in quickly identifying and resolving any difficulties, limiting any financial losses or discrepancies in your records.

Keep Up on changes and New Features: Stay up to speed on the latest news and changes from Kudi POS. They may provide new features, improve functionality, or provide additional services that can benefit your company.

Frequently Asked Questions about Kudi POS

How much does kudi charge for withdrawal?

Withdrawals from 100 to 4,500 will cost you 25, and withdrawals from 4,501 to 25,000 will cost you 0.6%. For invoices between N25,000 and N500,000, there is a fee of N150. 

How much is kudi daily target?

The daily target is the minimum number of transactions a business must handle to avoid incurring penalties. In order to use Kudi POS, businesses must process at least 30,000 per day.

How much does kudi POS machine cost?

The Kudi POS machine costs between N25,000 to N85,00.

How much do POS agent charge customers?

Until recently, customers had to pay POS agents N100 for every N5,000 they withdrew and between N150 and N200 for every N10,000.  People now pay between N200 and N500 for every N1,000 in cash withdrawn, with a small minority still charging N100.

How much can one make from POS daily?

Depending on their region and the level of trust they've established with their local community, POS agents in Nigeria can make anywhere from N7,000 to N10,000 every day.

Conclusion

Kudi POS is a secure and flexible POS system that helps businesses accept a wide variety of payments and streamline their operations. Getting a Kudi POS machine is simple if you follow the processes laid out here, where you'll also want to keep withdrawal fees, machine costs, and your daily targets in mind.