Our Policy

Last Updated: 12th Dec,2025

This Policy Page outlines the rules, guidelines, and operational policies governing the use of www.posmachineng.com and services provided by PosMachineNG (“we,” “our,” “us”). By accessing or using our website and services, you agree to comply with these policies.

  1. Service Policy

PosMachineNG provides business support services including:

POS terminal onboarding and deployment

Business assistance and merchant support

Access to business loans through licensed financial partners

Sale of approved digital business tools

All services are subject to availability, verification, and compliance with regulatory requirements.

  1. POS Terminal Policy

POS terminals are issued through partner financial institutions.

Deployment and activation depend on successful verification and approval.

Transaction limits, fees, and commissions are set by the issuing bank.

Users must operate POS terminals strictly for lawful and approved transactions.

Misuse of POS terminals may lead to suspension or termination of service.

  1. Loan Policy

Loan services are provided solely by third-party licensed financial institutions.

Loan approval is not guaranteed and depends on eligibility and credit assessment.

Interest rates, repayment terms, and penalties are determined by the lender.

PosMachineNG is not responsible for loan rejection or changes in loan terms.

  1. Digital Product Policy

Digital products (including Moniebook) are delivered electronically.

All sales of digital products are final and non-refundable, except where required by law.

Users are responsible for safeguarding access credentials.

Unauthorized distribution or resale is prohibited.

  1. Payment & Charges Policy

All applicable fees, transaction charges, and commissions are determined by partner financial institutions.

Charges may change without prior notice.

PosMachineNG is not responsible for regulatory or bank-imposed fee changes.

  1. User Conduct Policy

Users agree to:

Provide accurate and truthful information

Use services responsibly and legally

Protect account credentials and POS devices

Report lost, stolen, or compromised POS terminals immediately

Comply with all Nigerian financial regulations

  1. Data & Privacy Policy

User data is collected solely for service delivery, verification, and support.

We do not sell or misuse customer data.

Personal information may be shared with partner institutions strictly for service purposes.

Users are encouraged to review our Privacy Policy for full details.

  1. Third-Party Services Policy

PosMachineNG may collaborate with third-party service providers including banks and payment processors.

We are not responsible for third-party system failures, policy changes, or service disruptions.

  1. Service Suspension & Termination Policy

We reserve the right to suspend or terminate services if:

False or misleading information is provided

Fraudulent or illegal activities are suspected

Regulatory compliance requirements are not met

These policies are violated

  1. Policy Updates

PosMachineNG may update these policies at any time. Changes will be posted on this page and continued use of our services indicates acceptance of the updated policy.

  1. Governing Law

These policies are governed by the laws of the Federal Republic of Nigeria.

  1. Contact Information

For questions or clarifications regarding this Policy Page, contact us:

PosMachineNG
Website: www.posmachineng.com
Email: chimezie.amaluo@moniepoint.com
Phone/WhatsApp: [09156000799]