Benefits of Choosing FaziPay POS for your Businesses

Fazipay POS
May 25, 2023
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Many businesses out there need help getting payments for their daily transactions. With a reliable means of collecting payments, companies could gain out on deals, lose customers, or experience delays in receiving payments, which can impact sales and profit.

On the other hand, agency banking is becoming one of the fast-growing sectors in sub-Saharan Africa, including Nigeria. According to NIBSS, over N12.8 trillion mobile transactions were conducted within the first nine months of 2022. This amount is double the previous year within the same period to show the growth of modern banking.

Furthermore, it is projected that mobile and electronic transactions in Nigeria will further rise in the rest of the year. This trend is due to many reasons, such as increased spending during the festive season, forced inflation rate and current monetary policies. Meanwhile, the financial inclusion goal of the CBN can only be achieved if digital payment is encouraged to reach the unbanked and underbanked population through agency banking.

New Features and Services on the FaziPay POS

To boost your sales, we have created a fast, zealous, and innovative way of helping you transact smoothly. FaziPay POS helps business owners collect payment for daily transactions, making it easy for customers to transact. We also offer bill payment services. Let us look at the services available on the FaziPay POS.

1. Cash services

A Point-of-Sale machine’s primary service is facilitating cash transactions using debit and credit cards. It makes it easy to transact without carrying cash, and you can use the card to get some money if needed. Using a POS for transactions can be a standalone business, as is now common in Nigeria.

People who need cash can always approach a POS terminal to withdraw some money using their cards. This is becoming more acceptable against joining long queues at ATM posts. You can quickly transfer, withdraw or deposit cash using your card at a POS point. FaziPay promises the most efficient platform in Nigeria to carry out these transactions.

2. Cable TV subscription

Entertainment and sports are also part of Nigeria’s most thriving sectors, and both depend on banking services. It is common these days to find a home with cable TV, a service that often requires a monthly subscription to remain connected. Standard cable TV service providers in Nigeria include DSTV, GOtv and Startimes. You can now renew your subscription to these services using the mobile payment option via FaziPay POS.

3. Taxes

Another unique FaziPay POS offers is the ability to pay your taxes without reaching tax offices. We provide a digital platform for tax remittance for individuals and businesses. You can complete your remittances to the FIRS through FaziPay POS. All you need to do is approach a POS Agent, and he will use your payment details to complete the transaction.

4. Transport and Logistics

Do you need to pay for delivery services? You can pay for DHL logistics services through FaziPay POS. as a result, the digital e-payment solutions available for logistics are also instant, safe and secure. The payments are also very flexible and adaptable to use. All you need to provide is the code of the amount you want to make with FaziPay.

5. Electricity bill payments

As for paying for electricity, you can trust FaziPay to make regular payments of

Ibadan DISCO Electricity Bills
Ikeja Electric Bills
Eko DISCO Electricity Bills
Kaduna DISCO Electricity Bills
Port Harcourt DISCO Electricity Bills
Kano DISCO Electricity Bills
Enugu DISCO Electricity Bills
Abuja Electricity Bills
Jos Electricity Bills

6. Insurance

Are you also looking to buy or renew your insurance service? You don’t have to sit other it: FaziPay gets you protected. You can pay for Health, Malaria, and Motor insurance through FaziPay.

7. Sports Betting

One of the most recent services we have added to our platform enables agents to fund sports betting accounts. FaziPay supports the following betting accounts:

BET9JA
NAIRABET
1XBET
BETWAY
BETKING
SUPABET
MERRYBET
BANGBET
CLOUDBET
LIVESCORE BET
BETLION
BETLAND
NAIJABET

8. Toll payments

Some of the other services you can find on FaziPay is the payment for toll gate top-ups, mainly the Lekki Conservation Company (LCC) payment.

9. Airtime top-up, EPIN and Internet Data Subscription

Customers can also recharge their lines with airtime and data via FaziPay. Recharge is instant on network providers, including MTN Nigeria, Airtel, Glo, Glo EPIN, and 9Mobile, 9Mobile PIn. We also support data subscriptions for each network provider.

10. School and Professional services

Students can complete their school payments and other professional dues via the Fazipay platform. In addition, we support result-checking PIN for WAEC while working on other similar services.

11. Solar subscription

FaziPay, a significant renewable energy distributor, offers solar products with flexible payment plans. These payments could be a regular subscription with generated codes or a monthly/weekly repayment plan. In addition, we partner with over 50 Solar Home Service (SHS) providers to make solar products available and accessible to off-grid users.

On the other hand, your business can also partner with us for payment collection with these services. As a FaziPay Agent, you also get a commission between 3 to 5% of the cost of any solar product you sell. This commitment applies to both outright sales and the sola subscription service.

Why Choose FAZIPAY POS?

There are many options for choosing a POS provider for your business. The FaziPay POS is specially designed to function and profit for your companies. Moreover, we have produced a credible alternative to the status quo through the following unique features.

1. Free POS

FaziPay offers a FREE POS Terminal to customers who need a payment collection for daily business transactions. However, we require a caution fee of N10,000 to ensure that agents manage the machine properly. In addition, it motivates you to continue to use it for transactions.

2. NO Stamp duty

There are no stamp duties or hidden charges on our POS terminal transactions.

3. 5% on Solar Product sales

As a FaziPay agent, you can earn up to 5% commission on selling solar products. For example, if you sell a product worth N1,000,000, you can get a commission of N50,000. That is a fantastic opportunity to double your income from POS transactions.

4. Lowest Cashout rate: 0.49% capped @ #90

With Fazipay, all cashout transactions are at 0.49%, capped at N90, the lowest cashout rate in Nigeria. So, for instance, if a customer withdraws N10,000, you are only charged N49. And any withdrawal above N20,000 only attracts a charge of N90.

5. Android POS terminal

Our new POS terminal uses the Android OS with a user-friendly interface combining screen touch with buttons. You will find the best Android POS terminal in Nigeria.