Flutterwave is a Nigerian Fintech company that provides payment service to individuals as well as businesses. It was founded by Iyinoluwa Aboyeji, Olugbenga Agboola, and Adeleke Adekoya in 2016 and has its headquarters in San Francisco, California.
The company has a large number of customers across Africa including Kenya, South Africa, Ghana and Nigeria. Part of the service they offer include online payment platform, online store, physical and virtual cards, Flutterwave POS (Point of Sale) machine and more.
The Flutterwave POS machine is a mobile device that enables businesses to accept payments from their customers using debit and credit cards. It is one of the best POS machine in Nigeria. In this article, we will guide you through the steps involved in applying for a Flutterwave POS machine.
Before we do that let us first of all discuss a little about the Flutterwave POS machine and how much it cost to get it.
How Much Is Flutterwave POS Machine
If you want to get a flutterwave POS machine you will have to pay the sum of N10,000. This fee is regarded as a cautionary fee and not the amount of the POS. The cautionary fee is stipulated in case of damages.
How Much Does Flutterwave Charge Per transaction?
Flutterwave charges a fee of 0.6% on withdrawal and N20 on average on every deposit of any amount. This means you will be charged N20 when you make a deposit using their platform or POS no matter the amount you deposit.
What Do I Need To Apply For A Flutterwave POS?
In order to apply for a flutterwave POS machine you will need certain information and documents. They are listed below:
- A means of Identification (Drivers license, voter’s card, National identity card, or International Passport)
- Utility Bill
- Account Number
- Business License (Registered Business only)
- Email Address
- Phone Number
- N10,000 caution fee
How To Get Flutterwave POS Machine
Visit the Flutterwave Website
The first thing you should do in applying for a Flutterwave POS machine is to visit the Flutterwave website at www.flutterwave.com. Once you are on the website, you will be presented with a variety of payment solutions that Flutterwave provides. Scroll down the page until you see the “POS” option, and click on it.
Provide your Business Information
After clicking on the “POS” option, you will be directed to a page where you will need to provide some information about your business. This information includes your business name, business type, business registration number, and your contact information. It is important to ensure that the information you provide is accurate and up to date.
Provide your Personal Information
Asides from your business information, you will also need to provide your personal information. This includes your full name, email address, and phone number. It is important to provide accurate and up-to-date information as this will be used to contact you during the application process.
Provide your Business Location
You will also need to provide your business location in the form that you will be filling. This includes your country, state, city, and your business address. It is important to provide accurate information as this will be used to determine whether Flutterwave POS is available in your location.
Provide your Bank Information
In order to receive payment from the Flutterwave POS machine, you will need to provide your Bank information. This includes your bank name, account name, account number, and your bank verification number (BVN). It is important to ensure that the information you provide is accurate and up to date.
Provide your Business Documentation
Flutterwave requires some business documentation as part of the application process. This includes a copy of your business registration certificate, a copy of your identification card, and a utility bill that shows your business address. Make sure that all documents are in a readable format and that they are up to date.
Submit and Wait For Response
Once you have filled out all the required information, you can submit and wait for Flutterwave’s response. The response time varies, but you can expect to hear back from Flutterwave within a few business days. If your application is approved, you will be contacted by a Flutterwave representative who will guide you through the rest of the process.
Complete the Onboarding Process
After your application is approved you will need to complete the onboarding process. This involves providing additional information about your business, such as your business model, the products and services you offer, and your expected transaction volume. You will also need to complete a training session on how to use the Flutterwave POS machine.
Once you have completed the onboarding process you will receive your Flutterwave POS machine. The machine will be delivered to your business address, and you will need to sign for it upon delivery. After you have received it, you can start accepting payment with it immediately.
Applying for a Flutterwave POS machine is a straightforward process that can be completed online. By providing accurate information and documentation, you can increase your chances of getting approved.