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Nairaland Forum / Nairaland / General / Business / POS Business Enquires (417 Views)
I Want To Start POS Business / Is POS Business Profitable? / How To Start A POS Business In Nigeria (2) (3) (4)
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POS Business Enquires by gibzzhd: 11:23am On Jul 11, 2020 |
Good day beloved nairalanders.Pls I need ideas on how much it cost to set up a POS business and how profitable it it.Thanks. |
Re: POS Business Enquires by BenGurion10: 4:25pm On Jul 11, 2020 |
You would need like 150_250k to set up depending how you want to set up. You need a stand or kiosks in a very nice location with high traffic of humans Then you need to get a reliable POS from a bank or any FinTech outlet Then you need capital of like 100-150k for withdrawal demands. It is capital intensive but you can always start small,mind you it is not as profitable as it was during the lockdown but you can still make it. I forgot to tell you,it's a very sensitive business,one extra zero to a figure can send you into big debts that you might not recover from anytime soon The security aspect of it is also there.threat of theft, dubious customers and overzealous staffs Just be careful |
Re: POS Business Enquires by gibzzhd: 3:30pm On Jul 12, 2020 |
BenGurion10:Thanks but how is the profit from each withdrawal.like do bank have their charges from what you charge customers? |
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