POS Pricing Options:
Please find the POS pricing table below to help you decide on what you can order:
| Buy Once | Buy by Weekly Installment | Lease |
Purchase price | ₦75,000 | NA | NA |
Caution fee | NA | ₦20,000 (non-refundable) | ₦20,000 (refundable) |
Insurance | NA | ₦1,500 | ₦1,500 |
Weekly repayment | NA | ₦2,000 | NA |
Merchant Service Charge (MSC) | 0.5% capped at ₦100 | 0.5% capped at ₦100 | 0.5% capped at ₦100 |
Minimum monthly transaction count | NA | NA | 400 |
Minimum monthly transaction volume | NA | NA | ₦3,000,000 |
Extra condition | NA | Terminal withdrawal if there's a default in weekly repayment for six weeks | Terminal withdrawal if the minimum requirement is not met within 60days of deployment |
See below for more breakdown of the Pricing Options:
Option 1 – Buy Once - OUTRIGHT PURCHASE
Purchase Price - ₦75,000
You own the terminal. Hence, you do not have to meet up with any transaction count, and the terminal cannot be withdrawn.
Merchant Service Charge (MSC) - 0.5% capped at ₦100 (For all transactions, you would be charged 0.5%. However, the most you can ever be charged is ₦100).
Instant settlement - We settle you instantly for all payments through the terminal.
Option 2 – Lease Terminal - LEASE (RECOMMENDED FOR MERCHANT COLLECTIONS)
Caution Fee – ₦20,000 (Refundable deposit)
Insurance - ₦1,500
Merchant Service Charge (MSC) - 0.5% capped at ₦100 (For all transactions, you would be charged 0.5%. However, the most you can ever be charged is ₦100)
Instant settlement - We settle you instantly for all payments through the terminal.
Terminal Performance Requirement:
Minimum monthly transaction count – 400
Minimum monthly transaction volume – ₦3m
P.S. – The terminal will be withdrawn if the merchant does not meet the minimum requirement within 60 days of deployment.
Option 3 - PaySmallSmall - BUY BY WEEKLY INSTALMENT PAYMENT
Caution Fee – ₦20,000 (Non-refundable deposit)
Weekly repayment - ₦2,000
Insurance - ₦1,500
Merchant Service Charge (MSC) - 0.5% capped at ₦100 (For all transactions, you would be charged 0.5%. However, the most you can ever be charged is ₦100).
Instant settlement - We settle you instantly for all payments through the terminal.
P.S. – The terminal will be withdrawn if the agent or merchant defaults in the weekly repayment for six weeks.
The Lenco POS is strictly for collections; as such, you cannot access agency banking features such as withdrawal, bill payment, airtime, and data purchase.