Baxi Box POS Charges & Commission Rates

Last updated on February 26th, 2024 at 08:44 am

Capricorn Digital Limited (CDL) owns the Baxi Box POS device – the Baxi Android POS and the mPOS device. The Baxi box Android POS device runs on Android 8.1 and costs ₦80,000 to buy and ₦15,000 to lease. The Baxi mPOS is a mobile point-of-sale system that resembles a calculator. It requires an Android phone to work and an external mobile Bluetooth printer before you can begin generating receipts for your customers.

Features of Baxi Box POS Device

Other fascinating features of the Baxi POS machine, withdrawal and fund transfer, are described below.

Account balance checking: Agents can now assist customers in checking their account balance via their ATM, thanks to the new Baxi pos 2.0.

Payment of Utility Bills: Baxi Box is the best for paying utility bills (such as electricity bills, recharge cards, and cable subscriptions), their platform is quite dependable, and you also receive a commission for any utility bill payments.

Multiple Fund transfer portal: Unlike other POS devices, Baxi Box’s Baxi app and pos have 3 functional bank transfer portals integrated (Zenith Bank, GTBank, Rubies Bank), so you can use whichever one you like to transfer money for your customers. They charge $30 for fund transfers and 0.55 per cent on any withdrawal transactions.

Recharge card sales: You may sell recharge cards and print out their pins using your POS and the Baxi app, and you’ll be paid a commission for each card you sell.

On the Baxi Box POS machine, you can do the following:

Cash withdrawal
Fund Transfer
Instant Settlement
Payment of Utility Bills
Cardless USSD withdrawal
Generate recharge card PIN/voucher to sell to customers
Create a virtual ATM card (MasterCard) that you can use to buy anything online
Buy Bulk SMS

Baxi Box POS Charges & Commissions

Transaction	Commissions
MTN Prepaid Recharge	1.60%
MTN Data Bundle Recharge	1.60%
Airtel Data Bundle Recharge	1.76%
Glo Data Bundle Recharge	2.80%
Glo Prepaid Recharge	2.80%
9Mobile Data Bundle Recharge	2.80%
Cash Transactions (0-20,000)	0.55%
Cash Transactions (20,001-100,000)	₦100 flat
Cash Deposit	₦30 flat
Ikedc Token Vending	1.20%
Ikedc Bill Payment	1.20%
Ekedc Prepaid	0.8%
Ekedc Postpaid	2.00%
Aedc Prepaid	0.96%
Aedc Postpaid	0.96%
Gotv (Regular Agent)	1.40%
Gotv (SabiMen Agent)	1.20%
Dstv (Regular Agent)	1.40%
Dstv (Sabimen Agent)	1.20%
Golden Chance Lotto (5/90)	20%

Breakdown of Baxi POS Transaction charges?

Baxi charges 0.55% on withdrawal and ₦30 flat on every deposit.

You will be charged ₦5.5 on every ₦1000 you withdraw for a customer. You will be charged ₦30 to transfer any amount, whether on the POS or on their app

Here’s the breakdown:

₦1000 charges – ₦5.5

₦2000 charges – ₦11

₦3000 charges – ₦16.5

₦4000 charges – ₦22

₦5000 charges – ₦27.5

₦6000 charges – ₦33

₦7000 charges – ₦38.5

₦8000 charges – ₦44

₦9000 charges – ₦49.5

₦10,000 charges – ₦55.5

₦11,000 charges – ₦60.5

₦12,000 charges – ₦66

₦13,000 charges – ₦71.5

₦14,000 charges – ₦77

₦15,000 charges – ₦82.5

₦16,000 charges – ₦88

₦17,000 charges – ₦93.5

₦18,000 charges – ₦99

₦19,000 charges – ₦104.5

₦20,000 charges – ₦100

Any amount above ₦20,000 charges is ₦100

Any amount above ₦100,000 charges is ₦150

How to apply for a Baxi POS Machine

All you need to get a Baxi POS is your ID card (a national ID card, Driver’s license, Voter’s card, or international passport). Also, you need a PHCN bill and a Passport photograph. This, plus a cautionary fee of ₦10,000 (for the mPOS) while ₦30,000 (for the android POS) is what you need to get the Baxi POS devices.

Below are the documents that you need to provide to get the Baxi POS machine:

A verified Identity card such as International Passport, National ID Card, or Voters Card
Utility Bill (Nepa Bill)
CAC Business certificate (Registered business only)
Valid BVN; the Bank Verification Number is used to confirm that your personal information submitted is valid for proper KYC documentation as required by the CBN
Account Number

During registration, you will be required to provide:

Your Valid email address

Your First name
Your last name.
Your gender.
State and Local government Area
Your Phone number.

How to register and create an account on Baxi POS App?

To register for Baxi POS;

Download the Baxi app from the play store
Open the app and click on sign up
Enter your username and password
Note: Make sure the username is more than 8 digits (a mixture of alphabet and numbers), then Input your desired password
Select your state and choose your local government. Then, thick the “I HAVE READ AND AGREE” box, and click on SIGN UP

After signing up, the next step is to complete your KYC by filling in your BVN and ID details, plus your passport. Also, fill in your next of kin and other personal information. Then make sure all the items listed below are marked in green (this shows that you have successfully uploaded the required document/information)

How to request a POS on your Baxi App

After filling in all necessary KYC information, proceed to request your POS device. Note that the cautionary fee for Baxi mPOS is ₦10,000 while that of the android is ₦30,000. To request for any of the two on your dashboard, you will see the option for POS click on it

Important: No stamp duty is attached to the Baxi POS transaction. Stamp duty is an extra ₦50 charged by the federal government on any withdrawal or inward transfer from ₦10,000 and above. This amount is not been charged on Baxi

How to Become a Baxi Box Agent and Get the POS for Your Business

Open your Google Playstore or Apple Store
Search For “Baxi Mobile”
Download and Install the app on your smartphone
Locate Baxi Mobile On your phone screen
Open and Register
Upgrade to Baxi Flex or Pro with your BVN
Request For the Baxi mPOS

How to fund the USSD wallet

Tap on your fund account icon
select USSD wallet funding
Select debiting account and amount from the drop-down
Dial the code generated and send money via the phone number registered with the bank
Input the transfer pin to complete the transaction.

How Dependable is the Baxi Box POS Network?

No POS is flawless and free from network issues; even bank ATMs occasionally experience network issues. I give Baxi an 80 per cent network rating for withdrawal transactions and a 97 per cent rating for fund transfers. Baxi customer support is also always prepared to address any issues.