How To Get And Start A POS Machine Business In Nigeria From Any Bank

By Andy   1 week ago   183
Business - Top Stories

How To Get And Start A POS Machine Business In Nigeria From Any Bank

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POS is also known as agent banking businessand anyone can start it in Nigeria. Talking about lucrative, the business is moving well and many are making real money from it.

I know of many people that are making a living with this business. Most of them are students and they are doing fine. So even if you are still a student in any institution in the country, you can use this to make extra income.

POS business involves the transfer of funds, withdrawal of funds, sale of recharged card, payment of other bills such as Gotv, Dstv, Startime, PHCN and many more.

POS is a service that is offered by financialinstitutions like Banks. The fee they charged is called a convenience fee. Also, you should know that this kind of business strife in an area where there is limited or no Banks and ATM.

This is to say, people will need the money and when they do, they will have no other option than to run to any available POS for the funds. To start-up POS business, you must have available cash to give out because most consumers will come for withdrawal than a deposit.

Remember, the services include withdrawal, transfer, bill payment and also recharged cards.

How to get POS Machine from First Bank

To get POS from First Bank you must have an account with the first bank. All you have to do is to visit any first bank branch and request for POS. After filling the POS form, it will be made available for free within a week. This is to say you won’t have to pay any money to get the POS machine from First Bank.

How to get POS Machine Zenith Bank

Zenith Bank requires you to have a current account with them before you can be allowed to request for it. The current account with them must be up to six months before your application.

To get the POS, you will need the following…Business Owner Account NumberBusiness Email AccountPhone NumbersOther details

How to get POS Machine From GTBank

To get a POS machine from GTBank you will also need to have a current account. Just like Zenith Bank, the account has to be six months old before the application. If you meet the requirement, you will fill a form and send it to [email protected] or any office is a charge.

How to get POS Machine from SKYE Bank

SKYE Bank is a little easy than other Banks. Both those with saving and current accounts apply. After filling in the form, you will have to wait for 14 days before you will get your POS machine.

How to get POS Machine from UBA Bank

To get POS from UBA is also simple as well. Their requirement is not that difficult to meets. All you need is to do do a minimum of N1,000,000 turnover per month, or N35,000 per day.

You can even request for more than one POS from UBA. To apply, you will have to print a form on the internet, scan it and deliver it to any UBA office close to you. After that, you will now have to go to e-Banking Helpdesk and log in, choose New Log, and select the e-Banking option, on the Request Type: Select Request, on the class select PoS, on the select PoS – TAMS (PoS Multi cards Acceptance) Request.

After completing the form, click CONTINUE and on the new screen that pops up, click Browse to attach the scanned mandate and submit. Now you will be issued a number similar to this IT201206283615 for future tracking.

UBA Bank will contact you to deliver the POS machine which usually takes up to 5-7 working days outside Lagos and 3 days within Lagos.

How to get POS From Access Bank

To get POS from access bank is similar to that of First Bank. You will need to have an account with them that is at least six months old. After that, you should visit any Access Bank branch close to you and apply for the POS Machine. If you meet their requirement which includes funds and many more. Then you will be issued the POS Machine.

How to get FCMB POS Machine

FCMB POS terminal allows you an online debit to cards used for transactions from the merchant location and the accounts. It accepts all cards variance issued in and outside Nigeria from cardholders of all the banks such as Verve, VISA, and MasterCard. You can also use their POS to do the following

Payment for goods and services purchaseCash Back servicesPre-Authorization serviceCard Not Present serviceAir time rechargeBill payment (PHCN, DSTV, etc)Payment Reversal optionEnd of the Day transaction reportCustomizable for different schools

To get the POS Machine, you will visit their Bank and fill a form. The requirements are similar to other banks and no much stress involved.

Union Bank POS also accepts all cards and can be used for collections in retail outlets, churches, hotels, fuel stations, restaurants, supermarkets, etc. Below are the benefits of Union Bank POS.

[NewsNaira]


POS ATM ONLINE BANKING ONLINE BUSINESS MAKE MONEY



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Ogbuewu Samuel
1 week ago

Wonderful article, keep me updated, thanks


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I will begin now


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Sunday Dung
1 week ago

I will begin


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Onyeka
1 week ago

Thanks for this.


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Samuel Davou
1 week ago

Great, will be useful


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Ojeyelu Sunday
1 week ago

Nice business


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Olumba Obinna
1 week ago

I still wonder how this business is profitable


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Good articlle


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Alozie Chinedu
1 week ago

Hmmmmm nice one


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Madaims
1 week ago

Nice idea


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Okeh Caroline
1 week ago

Great information. Thanks


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Ucha Queen
1 week ago

So they will kill people with extra charges


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Very positioned educative


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Pos machine


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Jajehfvsiefsuaceiaciavdjd


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Igbo Chukwudi
1 week ago

OK that good


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Ifeoluwa
1 week ago

Thank you but it doesn't say how much it might cost to get the machine


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Adoki Cynthia
1 week ago

I want to do it


(Quote) (Likes: 2)
Adoki Cynthia
1 week ago

I need help


(Quote) (Likes: 2)
Adoki Cynthia
1 week ago

Who cares about


(Quote) (Likes: 2)


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