POS transaction fees are transparent and deducted automatically.

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 after each transaction.
• You don't need to collect fees from customers.
• Fees are shown in your transaction history.

Example

• Customer withdraws ₦10,000: Fee = ₦50 (0.5% of ₦10,000)
• Customer withdraws ₦50,000: Fee = ₦200 (capped)
• Customer withdraws ₦100,000: Fee = ₦200 (capped)

Settlement

• Transaction fees are deducted before settlement.
• Your settlement amount is net of fees.
• You can view fee breakdowns in Business > Settlements.

Tips

• Encourage customers to withdraw larger amounts to maximise your earnings.
• Use the fee calculator in the app to estimate charges before transactions.

Tip: POS fees are among the lowest in the industry. You keep most of what you earn.

Need a hand? Email hello@cashmatrix.ng.