Hello nairalanders, am about to become a Firstmonie agent but i need some advice from agents that already in the business. Have the following questions:
1. What is the profit?
2. Is it base on commission? If Yes what are the commission?
3. How can one get started and what is the financial commitment for a start?

1. I can definitely help you with this, first see this link for more insight http://mobileincomeschool.com/forums/topic/why-and-how-to-become-a-mobile-money-agent/.

2. Making Money as a Firstmonie agent is on commission bases.
Your earn some commission, when customers withdraw from their account from your agent outlet, you earn commission when customers pay bills from your outlet. You earn N70 naira if you are able to Register AND FUND a customer at least N500 minimum (I think this is still the biggest commission with 1st money).

However, you can charge extra fee on some of these transaction (Not official sha o, but legal), but considering your location and the cost to your business.

The money majorly is on the number of transactions you are able to carry out as an agent.

The other big deal is, the number of customers you are able to register as an Agent, these customers are tied to you for life, this means you earn a tiny fraction on transactions they do anytime, anywhere.

Between firstmonie and pagatech agent,which is best to register to?

As a Firstmonie agent, you can make money in the form of commission which is paid to your account on a monthly bases. contact us if you need training and the materials on how to start an agency banking business in Nigeria. As a POS Cash Withdrawal and Transfer Service Provider in Lagos Nigeria, we have the experience and resources to set you on your way to financial success.

Are you still in operation? I need your training. What's the cost? Contact me: Comrade Adekunle, 09066874322, adedavies2018@gmail.com.