Are you looking to streamline your retail store’s payment process and improve customer experience? Look no further than Lenco POS, a reliable and efficient point-of-sale system designed to meet the needs of modern businesses.

In this comprehensive guide, we will walk you through the steps of acquiring a Lenco POS for your retail store, explore the pricing options available, and highlight the key features that make Lenco POS a top choice for merchants. So, let’s dive in and discover how Lenco POS can revolutionize your business operations.

Steps to Order a Lenco POS

To get started with Lenco POS, follow these simple steps:

1. Place your order: Visit the Lenco POS website and make your order by filling out the necessary information. Ensure that you have enough funds in your Lenco account to cover the cost of the POS option you wish to order.
2. Create a Lenco account: If you don’t already have a Lenco account, you can quickly sign up on their website. Having a Lenco account is essential for seamless payment processing and managing your POS terminal.
3. Approve payment: After placing your order, send an email to Lenco approving the debit of your account for the sum of your order. This step allows Lenco to initiate the payment process and start preparing your POS terminal for delivery.
4. Delivery: Once your order is confirmed, Lenco will ship your POS terminal within 1-2 working days. You can expect a prompt and secure delivery of your Lenco POS system to your retail store.

Pricing Options for Lenco POS

Lenco POS offers various pricing options to cater to the diverse needs of merchants. Here is a breakdown of the pricing options available:

Pricing Option	Purchase Price (₦)	Caution Fee (₦)	Insurance (₦)	Weekly Repayment (₦)	Merchant Service Charge (MSC)	Minimum Monthly Transaction Count	Minimum Monthly Transaction Volume (₦)	Extra Condition
Buy Once	₦75,000	NA	NA	NA	0.4% capped at ₦300	NA	NA	NA
Lease Terminal	NA	₦20,000 (refundable)	₦1,500	NA	0.4% capped at ₦300	400	₦3,000,000	Terminal withdrawal if the minimum requirement is not met within 60 days of deployment
PaySmallSmall	NA	₦20,000 (non-refundable)	₦1,500	₦2,000	0.4% capped at ₦300	400	NA	Terminal withdrawal if the agent or merchant defaults in the weekly repayment for six weeks

Option 1 – Buy Once – OUTRIGHT PURCHASE

If you prefer to own the POS terminal outright, the Buy Once option is ideal for you. Here are the key features of this pricing option:

• Purchase Price: ₦75,000
• Terminal Ownership: When you buy the POS terminal, it becomes your property, eliminating the need to meet any specific transaction count.
• Merchant Service Charge (MSC): For all transactions, you will be charged 0.4% of the transaction amount, capped at ₦300.
• Instant Settlement: Lenco settles you instantly for all payments processed through the terminal.

Option 2 – Lease Terminal – LEASE (RECOMMENDED FOR MERCHANT COLLECTIONS)

The Lease Terminal option is recommended for merchants who handle a significant volume of transactions. Here are the details of this pricing option:

• Caution Fee: ₦20,000 (refundable deposit)
• Insurance: ₦1,500
• Merchant Service Charge (MSC): For all transactions, you will be charged 0.4% of the transaction amount, capped at ₦300.
• Terminal Performance Requirement:
  • Minimum monthly transaction count: 400
  • Minimum monthly transaction volume: ₦3,000,000

Please note that failure to meet the minimum requirements within 60 days of deployment may result in the withdrawal of the terminal.

Option 3 – PaySmallSmall – BUY BY WEEKLY INSTALMENT PAYMENT

The PaySmallSmall option allows you to purchase the POS terminal through weekly installment payments. Here’s what you need to know about this pricing option:

• Caution Fee: ₦20,000 (non-refundable deposit)
• Weekly Repayment: ₦2,000
• Insurance: ₦1,500
• Merchant Service Charge (MSC): For all transactions, you will be charged 0.4% of the transaction amount, capped at ₦300.
• Instant Settlement: Lenco settles you instantly for all payments processed through the terminal.

It’s important to note that if you default on the weekly repayment for six weeks, the terminal may be withdrawn.

Key Features of Lenco POS

Lenco POS offers a range of features that make it a popular choice among merchants. Here are some key features to consider:

1. Streamlined Payment Process: Lenco POS simplifies the payment process, allowing you to accept various payment methods, including cards, mobile wallets, and online payments.
2. Fast and Reliable Transactions: With Lenco POS, you can process transactions quickly and efficiently, minimizing waiting times for your customers.
3. Secure and Encrypted: Lenco POS prioritizes data security, ensuring that all transactions are encrypted and protected from unauthorized access.
4. Real-time Reporting: Gain valuable insights into your business performance with Lenco POS’s real-time reporting features. Track sales, monitor inventory, and analyze customer behavior to make informed decisions.
5. User-friendly Interface: Lenco POS is designed with an intuitive interface, making it easy for your staff to navigate and process transactions with minimal training.
6. Prompt Customer Support: Lenco provides reliable customer support to address any technical issues or queries you may have, ensuring uninterrupted operation of your POS system.
7. Seamless Integration: Lenco POS integrates seamlessly with other business tools and software, allowing you to streamline your operations and improve overall efficiency.

Conclusion

Acquiring a Lenco POS for your retail store is a wise investment that can significantly enhance your payment processing capabilities. Whether you choose to buy the terminal outright, lease it, or opt for a buy-by-weekly installment plan, Lenco POS offers flexible pricing options to suit your needs. With its robust features and user-friendly interface, Lenco POS empowers you to provide a seamless payment experience to your customers while efficiently managing your business operations. So, take the leap and equip your retail store with a Lenco POS today!