PalmPay POS Daily Target for Agents and Merchants

Does PalmPay POS have daily target? Yes, the POS terminals have daily target of N20,000 and here’s everything you need to know about it.
PalmPay POS

As a merchant or agent looking to venture into point-of-sales (POS) business in Nigeria, one of the factors you need to consider before choosing a POS terminal is daily target. Studies and interviews with operators suggest 60-80% of POS agents in Nigeria work with daily targets, mostly imposed by their POS providers.

In this article, we’ll walk you through everything you needed to know about Palmpay POS Daily Target. Let’s get started!

PalmPay POS Daily Target

There is a ₦20,000 daily target on all PalmPay POS Machines. However, this daily target is only applicable to agents and merchants who purchased the POS device on cautionary fee.

PalmPay offers mainly two types of POS terminals; Linux POS and Smart POS. The Linux POS cost ₦22,000 on caution, which includes ₦20,000 for the lease and ₦2,000 for POS Care. Meanwhile, if you’re purchasing outrightly, it’ll cost ₦32,000, which consist of ₦30,000 for the device and an additional ₦2,000 for POS Care.

Option Cost Breakdown Total Cost Daily Target
Lease Price ₦20,000 + ₦2,000 (POS Care) ₦22,000 Yes, there’s a daily target
Outright Purchase ₦30,000 + ₦2,000 (POS Care) ₦32,000 No, there’s no daily target

In a nutshell, PalmPay POS Machines have a daily target of ₦20,000 when agents or merchants buy it on lease price (cautionary fee) and have no daily target when they buy it on outright purchase.

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About the author

Temmy Samuel
Founded Mainwave Digital Media, Temmy Samuel is a financial advisor and journalist, blending financial expertise with storytelling skills to simplify complex financial topics for readers and clients alike. Learn More About Temmy Samuel

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