Moniepoint Card sales agents are the distributors of Moniepoint ATM Cards across Nigeria. In other words, a Moniepoint card sales agent is an individual or business working with Moniepoint to distribute or help customers access Moniepoint’s Debit Card.
As a card sales agent, you can typically create a Moniepoint account for new customers and assists both new and old customers with acquiring Moniepoint debit cards, activating them, and understanding how to use them for transactions.
Becoming a card sales agent for Moniepoint is a very easy process and in this article, we are going to walk you through the step by steps process.
Requirements to Become a Card Agent for Moniepoint
Here are the requirements and criteria you must meet to become a Moniepoint card agents and start making money on the platform:
- A Moniepoint Business Account
- The Business Banking Account must be in KYC Level 3 or higher.
- Have a Minimum of N2000 in your Account to Restock Moniepoint Debit Cards from your Business Relationship Manager (BRM).
Becoming a Moniepoint Card Sales Agents
Follow these steps to become a card sales agent for Moniepoint and start distributing and activating Debit Cards for Moniepoint customers.
STEP 1: Download Moniepoint Business App
The first thing you need to do if you want to become Moniepoint card sales agent is to download and install the Moniepoint business banking app from Google Play Store or Apple App Store.
If you are a Moniepoint business banking user already, you can omit this step one and step two and proceed to step three. Note, Moniepoint POS agent can also become a card sales agent under one account.
STEP 2: Register Moniepoint Business Banking Account
Once you install the Moniepoint Business Banking App, open it and create an account. You can also easily create a Moniepoint business account via web through the atm.moniepoint.com login page. On the page, just click on “Sign Up an Account”.
However, you need to provide a valid email address, National Identification Number (NIN), Bank Verification Number (BVN) and working phone number to register an account with Moniepoint.
You will receive a one-time password on the provided email address and phone number. Confirm the codes and proceed to your Moniepoint Business Banking Account to setup your business profile.
STEP 3: Complete Your KYC
To become a successful Moniepoint Card Sales Agent, you need to verify your business account to at least Level 3. To do that, a Utility Bill, Proof of Home or Business Address will be need alongside your BVN and NIN which have been submitted upon account registration.
Once these documents are submitted and your business account is verified to KYC Level 3, then you can proceed to register to become a card sale agent on your Moniepoint Business Banking App. Let’s proceed.
STEP 4: Register to Become a Card Sales Agent
To become a card sales agent for Moniepoint, you need to register with your Business Relationship Manager (BRM) through your Moniepoint Business Banking Account after you’ve upgraded it to KYC Level 3.
To register as a card sales agent, follow the steps outlined below:
- Login to your Moniepoint Business Banking via App.
- Scroll down and click on “Card Sales”.
- Follow the next processes to register your account. The process includes choosing nearby business relationships manager whom you can get Moniepoint Debit cards from and entering your address where you want your cards to be delivered to.
Once you’re done setting up your Card Sales Agent Account, you can begin to create accounts for customers through your Moniepoint referral code. New accounts created will be under your network. You can also push card to existing Moniepoint account holders that’s not under your network.
All you need to do is tell your potential customers to download and install the Moniepoint app from their device’s App Store and input your referral code while signing up. You will also earn more through the referral process, doubling the money you can earn as a card sales agents.
STEP 5: Accept Cards Request from your Aggregator
Once you register to become a Card Sales agent, the assigned business relationship manager (BRM) (also known as Aggregator) will push a carton of cards to you. All you need to do is accept the cards in your sales dashboard.
To accept the cards, login to your “Card Sales” dashboard in your Moniepoint Business App and click on “Accept Request”. The amount of cards in a carton is 20 cards and once you accept request, the carton of cards will be delivered to your doorstep or you can go to your BRM to collect the card.
The BRM’s contact number will be provided for you and the BRM will be a nearby one. You can also chat him/her on WhatsApp to build a strong business relationship.
So, per carton of cards requested, you will be debited N2000 and you will be able to earn N18,000 from it, making it expected margin on sales calculated to N16,000. In other words, selling 20 Moniepoint’s Debit Card will make you N16,000.
It has a very low capital investment. If you request 5 cartons of cards (100 cards) which worth N10,000, you will earn N80,000 after selling all the cards.
STEP 6: Push/Sell Card to Customers
Once your Carton of Cards arrives, you can begin to sell the debit cards to both new and existing Moniepoint customers regardless of their account type. To push a card to a customer, follow the steps below:
- Login to your Card Sales dashboard and click the “+” sign button on the dashboard.
- Click “Assign Card to a Customer” and enter the customer’s account number.
- The details of the customer account will be popped up. Confirm the details if they’re correct and click “Assign Card”.
- The customer will be debited N1000 and you will be created N900. Once you accept the term and condition, you will receive a message that says “Card Assigned Successfully”.
That’s not all though. The customer needs to login to his or her Moniepoint account to activate the card.
STEP 6: Activate the Debit Card
Once you have successfully assigned the card to a customer, you also need to monitor the customers to activate the card from their Moniepoint dashboard.
To do that, tell the customers to login to their dashboard. The customers should click on the notification icon located at the top right of their dashboard and click on the request card message.
Once the card request message page comes out, the customer should click on “Order a Card”. Note, there must be a minimum of N1,000 in the customer’s account to accept the card. Once the card is accepted, the N1000 will be debited from the customer’s account and the customer will proceed to activation of the debit card where he/she will be required to set up a Card PIN.
Once the customer enter a new PIN, he/she will need to re-enter the PIN to confirm it. Once the card PIN has been successfully set up, the Moniepoint Debit Card has been successfully activated and ready for use at any ATM, POS and for web purchases.
Moniepoint Card Sales Agent Salary
As a Moniepoint Card Sales Agent, you don’t collect salaries or wages. You earn a commission on every card sells. Once you sell a card, your customer will be debited N1000 and you will be credited N900. N100 goes to Moniepoint.
Meanwhile, you will need to pay N2000 per 20 cards you get from Moniepoint. With the 20 cards, you will sell them for N18,000, making N16,000 as gain. So, that’s how Card sales agent earnings are calculated.
Here’s a table summarizing the earnings and costs as a Moniepoint Card Sales Agent:
| Description | Amount (Naira) |
|---|---|
| Commission per card sold | N900 |
| Moniepoint’s portion per card sold | N100 |
| Customer debited per card | N1000 |
| Cost of 20 cards (paid to Moniepoint) | N2000 |
| Revenue from selling 20 cards | N18,000 |
| Total profit from 20 cards | N16,000 |
- For each card sold: You earn N900, and Moniepoint takes N100.
- For a batch of 20 cards: You pay N2000 upfront, sell them for N18,000, and end up with N16,000 as your gain after covering the initial cost.
Furthermore, once you create an account for new users, you will also make money from them through your referral earnings. This is always wise to create an account for customers and request a card for them to double your earnings on the Moniepoint platform.
All your earnings will be credited to your Moniepoint account and they are withdraw-able anytime anywhere.
