Quick Overview

FEATURE	MONIEPOINT POS	OPAY POS
SETUP PROCESS	Moderate	Easy
TRANSACTION CHARGES	Low	Low
SETTLEMENT SPEED	Same day	Same day
NETWORK RELIABILITY	Very Strong	Good
BEST FOR	Busy Shops	Small Shops

MONIEPOINT POS REVIEW

PROS

• Very stable network
• Fast and reliable settlements
• Good customer support
• Trusted by high-volume merchants

CONS

• Slightly stricter onboarding
• Setup may take longer

Best for: Shops with high daily transactions that need consistent performance.

OPAY POS REVIEW

Opay POS is popular among small shop owners because of its low entry barrier and ease of use.

PROS

• Easy registration process
• Low transaction charges
• Simple interface
• Good for beginners

CONS

• Network can be unstable in some areas
• Customer support depends on location

Best for: Small Shops, Kiosks and new businesses

If you are still exploring your options, our guide on the best POS Machines for small shops in Nigeria covers more providers and recommendation

Charges Comparison

Both Moniepoint and Opay offer competitive transaction fees, but charges may vary slightly depending on transaction type and volume.

• Moniepoint: Generally lower charges for high-volume transactions
• Opay: Competitive rates for small to medium transaction volumes

If your shop handles many transactions daily, Moniepoint may save you more in the long run.

Interested in knowing more about POS Charges? Read my Guide on POS Charges per transaction in Nigeria: What every Business should know

Settlement Speed

Both providers offer same-day settlement, usually within hours.

• Moniepoint settlements are very consistent
• Opay settlements are fast but may occasionally delay depending on network issues

Also Read How Much POS Agents Make daily

Which POS Should You Choose?

Choose Moniepoint POS if:

• You run a busy shop
• You need high reliability
• You process many daily transactions

Choose OPAY POS if:

• You’re just starting
• You want easy onboarding
• You run a small shop or kiosk

Also read my detailed guide on How much capital is required to start a POS Business

My Perspective

Both Moniepoint and Opay POS are excellent options for Nigerian businesses.

• Best overall reliability: Moniepoint POS Request for POS
• Best for beginners: Opay POS Request for POS