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Stats: 2,402,191 members, 5,374,582 topics. Date: Saturday, 18 January 2020 at 10:38 PM
|Re: Is POS Business Profitable? by AntiZombie: 11:35am On Apr 11, 2019|
online recharge killed recharge card printing biz
the major guy In Akwa Ibom even went into politics as the biz is no more moving
and invested in other business
cards are mostly seen in villages these days
in the past few years i might have loaded a card like 3-5 times
1 Like 1 Share
|Re: Is POS Business Profitable? by holina: 11:41am On Apr 11, 2019|
|Re: Is POS Business Profitable? by GrammarNazi1(m): 11:41am On Apr 11, 2019|
|Re: Is POS Business Profitable? by TANID(m): 11:43am On Apr 11, 2019|
Mrkumareze:You Done Kill Me O o o o
with laf seriously i don die of laugh
|Re: Is POS Business Profitable? by benson4u(m): 11:44am On Apr 11, 2019|
Op I'm into it, in fact I'm a Quickteller agent. Though it is saturated but there's is huge profit to make from it if you play your cards well. As an advice don't go into it as your major business but use as an extra way to generate money to an already existing business of yours.
|Re: Is POS Business Profitable? by paully005(m): 11:51am On Apr 11, 2019|
|Re: Is POS Business Profitable? by DonBenny77(m): 11:51am On Apr 11, 2019|
TechCapon:Yeah he succeeded because it's a rural area
|Re: Is POS Business Profitable? by Donraqh(m): 11:52am On Apr 11, 2019|
Point of sale (POS) is a gold mine in rural areas where there are no banks in place.
|Re: Is POS Business Profitable? by Tony818(m): 12:02pm On Apr 11, 2019|
Read this post about pos business https://www.informationhive.com.ng/how-to-start-pos-business-in-nigeria/
I worked with first bank so I can confidently tell you that pos business is really profitable. Just visit any first bank branch for briefing. But also note that before you can be accepted as a first bank agent you must have an existing business because it requires much cashflow.
The profitability of this business depends on your location. In fact first bank won't accept you as their agent if your area is not viable
|Re: Is POS Business Profitable? by sowilli: 12:03pm On Apr 11, 2019|
We make mediocrity come out of every situation. We turn good things to bad things. POS is not a business, using it as a business simply means abusing the purpose it was created for. Cashless not cash withdraws. POS are supposed to be alternatives to ATM but we are using it as ATMs already in this country. Some will blame it on poverty but I see this differently.
|Re: Is POS Business Profitable? by sowilli: 12:10pm On Apr 11, 2019|
DonBenny77:the solution to non availability of atms or banks in the rural area is not POS. It’s mobile fintech like MPesa in Kenya. How does MPsea work- my sim serves as a bank account, if I sell goods and services around, you can come withdraw from me or you pay into my mpesa account which is my mobile number. So as a store owner, I don’t have to go to the banks to deposit money. I will always have people who will come to me when they need cash. That’s cashless everywhere. The whole idea of POS is to enhance a cashless society, the whole idea of mobile fintech is to enable a cashless society. Using POS as a means of cash withdrawal means you will have people moving with huge amount of cash which doesn’t solve the problem it was created for. Why are banks allowing this? Because they have 5 or 10 Naira to make from every transaction. This is why they will do every thing to kill mobile finanacial technologies. We won’t get anywhere with this mindset. Now, one start wondering where are the financial regulators.
|Re: Is POS Business Profitable? by HIGHESTPOPORI(m): 12:12pm On Apr 11, 2019|
benson4u:Am a Paga agent,I want to knw how much is the commission for gotv plus sub on quickteller,Paga is now 138 for each transaction
|Re: Is POS Business Profitable? by GoodMuyis(m): 12:14pm On Apr 11, 2019|
Not with 18k Min-Wage
|Re: Is POS Business Profitable? by Defela111: 12:20pm On Apr 11, 2019|
As for the requirements, it depends on your bank. Gtbank told me I need to turned over like N1m a month before I could be considered for POS, FCMB asked me to turn over like N5m a month to qualify. However, another option was to purchase the POS from the bank. Gtbank at N100k and FCMB at N73k. If you purchase the machine from them, it means you owned it, the bank cannot come to retrieve it if you don't make sales, remember banks are in it to make commission from your POS sales.
|Re: Is POS Business Profitable? by InvisibleB: 12:20pm On Apr 11, 2019|
Must one have a current account? I wanted to use savings. Which bank are you using? Is POS free?
|Re: Is POS Business Profitable? by benson4u(m): 12:24pm On Apr 11, 2019|
HIGHESTPOPORI:Charge is #100 for every utility bills payment through Quickteller.
|Re: Is POS Business Profitable? by Taeewo(m): 12:33pm On Apr 11, 2019|
HIGHESTPOPORI:With paylater app, u subscribed free for dstv without transaction fee.
|Re: Is POS Business Profitable? by benson4u(m): 12:39pm On Apr 11, 2019|
Taeewo:Paylater is for individual or personal use. You can't use it as an agency app, cause it accepts at maximum only your credit card.
|Re: Is POS Business Profitable? by deltateam: 12:40pm On Apr 11, 2019|
You didn't answer the question.
|Re: Is POS Business Profitable? by Nobody: 12:40pm On Apr 11, 2019|
Are there Different in mobile money and POS. coz mobile money apps can also be used to do this transaction
|Re: Is POS Business Profitable? by RealityShot: 12:46pm On Apr 11, 2019|
BTW.. Which MOD put this on FP??.?
Is this not the kind of business that was rubbed N203 million in Dubai?
If boys get mind go rub this biz at international, how e go be for Naija?
BE WARNED O... My pheephul
|Re: Is POS Business Profitable? by SouthSouth1914: 12:49pm On Apr 11, 2019|
What stopped you from answering ??
|Re: Is POS Business Profitable? by deltateam: 12:59pm On Apr 11, 2019|
I don't know that's why I was silent and read comments. Not talking out of point.
|Re: Is POS Business Profitable? by Offpoint: 1:05pm On Apr 11, 2019|
Mrkumareze:lol, naso NAIJA don worst reach?
|Re: Is POS Business Profitable? by Hollumedeyyyy: 1:05pm On Apr 11, 2019|
SouthSouth1914:share light on this FG BOLD
|Re: Is POS Business Profitable? by missyojo(f): 1:12pm On Apr 11, 2019|
Alright, thank you sir for your response. I appreciate
|Re: Is POS Business Profitable? by SouthSouth1914: 1:15pm On Apr 11, 2019|
When you buy FGN Bonds, you are lending to the FGN for a specified period of time. The FGN Bonds are considered as the safest of all investments in domestic debt market because it is backed by the 'full faith and credit' of the Federal Government, and as such it is classified as a risk free debt instrument.
|Re: Is POS Business Profitable? by Pridestorm: 1:37pm On Apr 11, 2019|
I feel am too bro.
1 Like 1 Share
|Re: Is POS Business Profitable? by GidiWoodsMan(m): 1:45pm On Apr 11, 2019|
He's not talking about transaction processing. People have been using it to pay out cash in underbanked neighbourhoods since forever. And now CBN has officially approved it for atm services.
How has he managed to keep armed robbers away? Boys no dey take eye see that kind cashflow na to bust the place asap. Na popo go even clear them say no shaking, just pay us our share
|Re: Is POS Business Profitable? by Taeewo(m): 1:59pm On Apr 11, 2019|
benson4u:You can use paylater as agency, paylater has advanced that u can even deposit money on the app like u operating mobile wallet.
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