What are the POS transaction fees?
Cash withdrawal: 0.5% capped at ₦200. Balance inquiry: ₦20. Fund transfer: ₦10 flat. Fees are deducted from your merchant wallet after each transactio...
Last updated August 5, 2026
POS transaction fees are transparent and automatically deducted.
Transaction fees
| Transaction type | Fee |
|-----------------|-----|
| Cash withdrawal | 0.5% (capped at ₦200) |
| Balance inquiry | ₦20 |
| Fund transfer | ₦10 flat |
How fees work
- Fees are deducted automatically from your merchant wallet.
- You don't need to collect fees from customers.
- Fees are shown in your transaction history.
Fee examples
| Customer action | Amount | Fee |
|----------------|--------|-----|
| Withdraws ₦5,000 | ₦5,000 | ₦25 (0.5%) |
| Withdraws ₦20,000 | ₦20,000 | ₦100 (0.5%) |
| Withdraws ₦50,000 | ₦50,000 | ₦200 (capped) |
| Withdraws ₦100,000 | ₦100,000 | ₦200 (capped) |
Settlement
- Fees are deducted before settlement.
- Your settlement amount is net of fees.
- View fee breakdowns in Business > Settlements.
Tip: POS fees are among the lowest in the industry.
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