What Is FairMoney POS?
FairMoney POS is a business platform from FairMoney MFB that allows agents to execute transactions such as cash withdrawal, cash deposit, money transfers and bill payment, among others. It is gaining popularity among POS operators in Nigeria, partly due to its extremely fast transaction capability, efficient network switches and easy to use system.
FairMoney POS Options Available in 2025
Touchscreen POS (MP45 Android POS)
Price: NGN 20,000 – NGN 25,000
Features: Android interface, QR scanner, 4G/Wi-Fi, built in printer.
Best for: Supermarkets, restaurants, boutiques.
Button POS (Mini POS)
Price: NGN 30,000 – NGN 35,000
Features: built in printer, Tactile keypad, 3G/4G, durable design.
Best for: Market traders, roadside vendors.
FairMoney POS Pricing Breakdown
Withdrawals: NGN 10 – NGN 20 /per NGP 1,000 (lower than many competitors)
Transfers: NGN 50 – NGN 100 depending on a given amount.
Deposits: Usually free.
Reversals: 24 – 48 hours. No reversal fees.
How to Apply for a FairMoney POS Machine This Year
Option 1: Via the FairMoney App
1. Download the app on Android or iOS.
2. Register and apply in the POS/Agent section.
3. Upload BVN, ID, utility bill and business.
4. Wait for 24-72 hours to get approval and get your POS delivered.
Option 2: Via Verified Field Officer
1. Submit your documents in person.
2. Business location may be verified.
3. POS is delivered with full onboarding.
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Performance & Network
FairMoney POS uses multi network SIM cards switching automatically between MTN, Airtel, Glo and 9mobile to ensure uptime. Transactions lightning-speed:
Withdrawals: 2-5 seconds.
Bills/Airtime: 5-10 seconds.
Reversals: up to 48 hours.
POS Unboxing: What to Expect
POS terminal.
SIM card.
Charger.
User manual.
Free onboarding support.
