Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,034 members, 7,956,828 topics. Date: Monday, 23 September 2024 at 08:08 PM |
Nairaland Forum / Nairaland / General / Business / What Are The Requirements For Getting A POS Machine? (153727 Views)
"Don't Tell Me Nonsense": Photo Of An Igbo Man's Shop With 7 POS Machines / How To Earn More Using The Pos Machine / What Are The Requirements For Starting A Newspaper (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Re: What Are The Requirements For Getting A POS Machine? by mcdokwe(m): 7:39am On May 08, 2017 |
Like other posters have said, you need either a current account or a business account. There are also variants of the machine, the normal pos, the mpos, but ulyou can also request the mmoney, which requires the payee to pay you using the ussd |
Re: What Are The Requirements For Getting A POS Machine? by Patented: 7:40am On May 08, 2017 |
your questions are best answered e relevant bank. |
Re: What Are The Requirements For Getting A POS Machine? by Celcius: 7:43am On May 08, 2017 |
...and everyone is just missing the most important one: Average Turnover.
N1.5 million for Classic Saving for most banks.
N2 million for Corporate account. |
Re: What Are The Requirements For Getting A POS Machine? by rill: 7:43am On May 08, 2017 |
damosade: WTF 1 Like |
Re: What Are The Requirements For Getting A POS Machine? by Eseblanco(m): 7:50am On May 08, 2017 |
sassygal: No payment for the POS?? |
Re: What Are The Requirements For Getting A POS Machine? by eleojo23: 7:51am On May 08, 2017 |
This post took 2.5 years to reach front page 2 Likes |
Re: What Are The Requirements For Getting A POS Machine? by Ghost01(m): 7:51am On May 08, 2017 |
If you have an account that is, at least, six months old and with a monthly turnover that is not less than N500k with Sterling Bank, you can apply for a POS terminal. The terminal is free but the bank gets 0.75% commission on every purchase to a maximum of N1200. 4 Likes 1 Share |
Re: What Are The Requirements For Getting A POS Machine? by ibrolis(m): 7:53am On May 08, 2017 |
Ok Ogetogeo: |
Re: What Are The Requirements For Getting A POS Machine? by Atmmachine(m): 7:55am On May 08, 2017 |
This is 2017 Who still uses a POS machine ?? I swear, many people still live under the rocks |
Re: What Are The Requirements For Getting A POS Machine? by eleojo23: 7:57am On May 08, 2017 |
Atmmachine:What do you mean please? Is it out of place? |
Re: What Are The Requirements For Getting A POS Machine? by Exponental(m): 8:01am On May 08, 2017 |
Atmmachine:So, what's in vogue now and what do you use 3 Likes |
Re: What Are The Requirements For Getting A POS Machine? by lyntiffany(f): 8:01am On May 08, 2017 |
cyif2003:Diamond bank is the worst, I tried getting one from them January this year uptill now nothing has been done. Last I went there they were telling me soon POS won't be advisable for business owners like me that there is an app that will be given to me all I need is to fill another form then a code for the operation will be released to me. According to them the app runs on every smartphone and can use for any transaction. My dear I have done everything required of me but am yet to see either POS nor any code from them. 1 Like |
Re: What Are The Requirements For Getting A POS Machine? by tugrow(m): 8:02am On May 08, 2017 |
eleojo23:is not 1 Like |
Re: What Are The Requirements For Getting A POS Machine? by toprealman: 8:05am On May 08, 2017 |
So banks accept them red land ladies as biz outfit. Issorite. |
Re: What Are The Requirements For Getting A POS Machine? by amakadihot87(f): 8:12am On May 08, 2017 |
maduka001:.................savings account?itaught a savings account cant hold up to N1000,000 without killing someone with charges.the other day my friend did some transaction with his savings account and was charged 14k because his account balance exceeded 2M.but it was Diamond bank though |
Re: What Are The Requirements For Getting A POS Machine? by cosade(m): 8:14am On May 08, 2017 |
ol2012: You need to be mindful of what your POS is used for because you'll be held responsible if a stolen debit card is used on it. Imagine if the card was taking at gun point, that is armed robbery which attracts death penalty! For businesses with POS it is a good practice to have CCTV installed in their business premises. 2 Likes 1 Share |
Re: What Are The Requirements For Getting A POS Machine? by dingbang(m): 8:16am On May 08, 2017 |
If POS machines are assigned to businesses alone then that means Churches are businesses... |
Re: What Are The Requirements For Getting A POS Machine? by chukwudi3(m): 8:23am On May 08, 2017 |
[quote author=deniguy01 post=55397108] bro, if u got one, I got a business for you. .its gonna generate a lot of cash hmmm. Malaysia connection. Too bad |
Re: What Are The Requirements For Getting A POS Machine? by FearFactor1: 8:34am On May 08, 2017 |
cyif2003: Here'a why u need a turnover agreement before we deploy a POS terminal. 1. The bank buys the terminal. Between 100 to 150k depending on type and model 2. The bank pays the service provider. For network or cos 3. The bank pays for routine maintenance, b/w 10k to 20k mostly. 3. They also provide paper from time to time. Can u bear all these cost?? |
Re: What Are The Requirements For Getting A POS Machine? by FearFactor1: 8:35am On May 08, 2017 |
JohnNgene: cyif2003: Here'a why u need a turnover agreement before we deploy a POS terminal. 1. The bank buys the terminal. Between 100 to 150k depending on type and model 2. The bank pays the service provider. For network or cos 3. The bank pays for routine maintenance, b/w 10k to 20k mostly. 3. They also provide paper from time to time. Can u bear all these cost?? |
Re: What Are The Requirements For Getting A POS Machine? by emeijeh(m): 8:35am On May 08, 2017 |
[quote author=chukwudi3 post=56313539][/quote] E no pass malaysian things |
Re: What Are The Requirements For Getting A POS Machine? by ayusco85(m): 8:36am On May 08, 2017 |
Ogetogeo: I rather you go for MCASH. Thank me later. |
Re: What Are The Requirements For Getting A POS Machine? by xtianh(m): 8:39am On May 08, 2017 |
@ op if u are resident in Abuja I can get you a union bank Nexgo pos with either mtn or etisalat as the network provider. All you need is to meet the requirements as stipulated earlier. A registered business name, traceable business address, business account number and able to pay the monthly bank charge for the pos. Pm me if interested |
Re: What Are The Requirements For Getting A POS Machine? by Rexology: 9:09am On May 08, 2017 |
maduka001:IT MUST BE BUSINESS ACCOUNT IN EVERY BANK |
Re: What Are The Requirements For Getting A POS Machine? by Rexology: 9:10am On May 08, 2017 |
Ogetogeo:It MUST be a Business Account in every Bank |
Re: What Are The Requirements For Getting A POS Machine? by dahdah: 9:14am On May 08, 2017 |
ayusco85: I've been looking for someone to put me through on the MCASH stuff, I heard its an instant value Pos. Please how do I get that ? |
Re: What Are The Requirements For Getting A POS Machine? by goldenceo1: 9:15am On May 08, 2017 |
deniguy01: 19 boy. 1 Like |
Re: What Are The Requirements For Getting A POS Machine? by Neozy(m): 9:36am On May 08, 2017 |
eleojo23:everything causing delay should die by fire 2 Likes |
Re: What Are The Requirements For Getting A POS Machine? by adollyboy(m): 9:43am On May 08, 2017 |
When I visited my bank, UBA@Acme road, Lagos, recently, I was told that that my business must be turning over one million naira(1,000,000) every month. I just ran away. Then I went to first bank on the same road, they told me I must guarantee or be sure that at least 20 customers will use it in a day. Because that is the condition they (marketers)can use to convince the management for approval. But allocation is free sha! And for every transaction, there will be a charge. (I have forgotten that) may be 0.75 or 0.25 sha! 2 Likes |
Re: What Are The Requirements For Getting A POS Machine? by adollyboy(m): 9:47am On May 08, 2017 |
Some banks accept savings account while others do not allow savings account holder. But purely current account |
Re: What Are The Requirements For Getting A POS Machine? by Iykon1313(m): 9:54am On May 08, 2017 |
My experience is different, sterling bank promised me ten days but now I am into the second month. All they do is tell me to keep putting money in the account besides I don't v access to withdraw from the account yet. My business is just a month old. And the want me to put money there without withdrawal till it gets to 500k. |
Re: What Are The Requirements For Getting A POS Machine? by Firstinline(m): 10:15am On May 08, 2017 |
For U.B.A: you must have a business or corporate account with them, you will be required to submit all your certificate of incorporation and registration papers. Your business must have a minimum turnover of one million naira monthly. |
Learn How To Offer Graphics Design On Fiverr - Without Being A Photoshop/ai Pro / How to make money with pictures... / 16 Businesses To Start In Nigeria With N50,000 Or Less
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 43 |