[color=#000000][/color]How much cash would a dealer need for daily transactions

johhbekeboh09:
How much cash would a dealer need for daily transactions

100k and above,it all depends on your location and security of the place

kashtanyi:


100k and above,it all depends on your location and security of the place

@kashtanyi

Thanks for your inputs
I also need to know the followings:
.What do Banks/DStv/PHCN require to appoint an agent?
.Any Govt registration for this business?
.Other requirements?
e.g total cash/capital for the business

Looking forward to your reply.

kashtanyi:


100k and above,it all depends on your location and security of the place

How could 100K daily yield in commission

kashtanyi:


100k and above,it all depends on your location and security of the place

Thankful @kashtanyi
How much commission can 100K yield?

johhbekeboh09:


Thankful @kashtanyi
How much commission can 100K yield?

It all depends on the area.
If the area is busy,very busy. At least 5-10k daily.
But if the area is normal, around 2-5k daily.

It all falls on the area.

kashtanyi:

It all depends on the area. If the area is busy,very busy. At least 5-10k daily. But if the area is normal, around 2-5k daily.
It all falls on the area.

You sound like an agent @kashkanyi Like banks say 'our system's down!'..Is the business network dependent?

kashtanyi:

It all depends on the area. If the area is busy,very busy. At least 5-10k daily. But if the area is normal, around 2-5k daily.
It all falls on the area.

You sound like an agent @kashkanyi Like banks say 'our system's down!'..Is the business network dependent?

johhbekeboh09:


You sound like an agent @kashkanyi
Like banks say 'our system's down!'..Is the business network dependent?

Sure..I prefer banks..the network is top notch and your money is 100% safe.
The reason I prefer bank is,your complain can easily be resolved that same day.

Yes am a firstmonie and zenith bank mobile agent..
The commission they both pay is awesome.

kashtanyi:


Sure..I prefer banks..the network is top notch and your money is 100% safe.
The reason I prefer bank is,your complain can easily be resolved that same day.

Yes am a firstmonie and zenith bank mobile agent..
The commission they both pay is awesome.

Please can you share more light or drop your phone number I need to know more please

bamidele89:


Please can you share more light or drop your phone number I need to know more please

08035708702 .pls no calls,just WhatsApp only.

kashtanyi:

Sure..I prefer banks..the network is top notch and your money is 100% safe. The reason I prefer bank is,your complain can easily be resolved that same day.
Yes am a firstmonie and zenith bank mobile agent.. The commission they both pay is awesome.

How can we have personal/physical contact

johhbekeboh09:


How can we have personal/physical contact

Am currently in Benin..
If you are in Benin, we can meet up

kashtanyi:

Am currently in Benin.. If you are in Benin, we can meet up

I recide in Lagos Give me your facebook account (Me John Chukwuwinke Bekebho )

kashtanyi:


Sure..I prefer banks..the network is top notch and your money is 100% safe.
The reason I prefer bank is,your complain can easily be resolved that same day.

Yes am a firstmonie and zenith bank mobile agent..
The commission they both pay is awesome.

can I contact you ?

Kennyfancy:
can I contact you ?

Sure.but no calls.here is my WhatsApp number 08035708702

johhbekeboh09:

I recide in Lagos
Give me your facebook account (Me John Chukwuwinke Bekebho )

Am not on Facebook

kashtanyi:

Am not on Facebook

Here's my phone # 08125206928

kashtanyi:


Sure..I prefer banks..the network is top notch and your money is 100% safe.
The reason I prefer bank is,your complain can easily be resolved that same day.

Yes am a firstmonie and zenith bank mobile agent..
The commission they both pay is awesome.

johhbekeboh09:

I recide in Lagos
Give me your facebook account (Me John Chukwuwinke Bekebho )

kashtanyi:


Sure..I prefer banks..the network is top notch and your money is 100% safe.
The reason I prefer bank is,your complain can easily be resolved that same day.

Yes am a firstmonie and zenith bank mobile agent..
The commission they both pay is awesome.

Wish a you great week @kashkanyi!

*Do Host (banks) offer agents training prior to commencement of business?

* One can have multiple hosts?

johhbekeboh09:


Wish a you great week @kashkanyi!

*Do Host (banks) offer agents training prior to commencement of business?
Yes

* One can have multiple hosts?

Of course.but don't let them (bank) be aware of that

kashtanyi:

Of course.but don't let them (bank) be aware of that

What least/reasonable amount should i budget for this business

johhbekeboh09:


What least/reasonable amount should i budget for this business

300k and above for a start. Study your environment (security reasons)

kashtanyi:

300k and above for a start. Study your environment (security reasons)

Hi Kashtanyi. Been awhile...hope your week turned out good.

kashtanyi:


300k and above for a start. Study your environment (security reasons)

Hi, can't someone start with less than 300k ? And if one is a multiple agent to different banks, how will you be using one POS card reader for customers of different banks? Or will y be operating different POS sex readers according to the bank of the customer?

Keyulover:
Hi, can't someone start with less than 300k ? And if one is a multiple agent to different banks, how will you be using one POS card reader for customers of different banks? Or will y be operating different POS sex readers according to the bank of the customer?

You can use any amount of your choice,it all falls on how busy the location is..
Sure you can use any of the machine to process any withdrawals or bank transfer.
Sometime their might be network issues on one machine,you can just switch to the other one

johhbekeboh09:


Hi Kashtanyi.
Been awhile...hope your week turned out good.

Sure...and thanks

kashtanyi:

300k and above for a start. Study your environment (security reasons)

"Study your environment (security reasons)" Please expound on above!

kashtanyi:


You can use any amount of your choice,it all falls on how busy the location is..
Sure you can use any of the machine to process any withdrawals or bank transfer.
Sometime their might be network issues on one machine,you can just switch to the other one

Thanks for the response. But could you please tell me what is required of a prospective agent and the modalities involved before becoming an agent. Also the gain/ commission an agent makes from at least 50-100 thousand Naira transaction in a day or two. I'll appreciate your response.

johhbekeboh09:


"Study your environment (security reasons)"
Please expound on above!

Before setting up your shop,you need to know if the area is safe from armed robbers..their are some areas were pos agents get robbed occasionally.. You need to be careful about that as well.

Security first.

Keyulover:
Thanks for the response. But could you please tell me what is required of a prospective agent and the modalities involved before becoming an agent. Also the gain/ commission an agent makes from at least 50-100 thousand Naira transaction in a day or two. I'll appreciate your response.

The requirements is for you to have a functioning android phone and a shop or location you have in mind.
You have to meet some certain conditions of the bank before you will be given the machine..the conditions are in the areas of transactions you do in a day,week or month.
The number of transactions.
Or you can simply opt to buy the machine from other companies.
As for the profit margins,I can't really say,everything depends on busy the area is.banks pay you commission for working with them, other companies do not,so you will have to add your own charges to be able to make profit.

You can check the profit Sharing formula of first bank below,same with zenith bank.

kashtanyi:


Before setting up your shop,you need to know if the area is safe from armed robbers..their are some areas were pos agents get robbed occasionally.. You need to be careful about that as well.

Security first.

Sadly, i just read an incident, where a female POS agent was killed by armed men in Edo State yesterday (afternoon) 4/11/20.

How's your weekend turning out?

johhbekeboh09:


Sadly, i just read an incident, where a female POS agent was killed by armed men in Edo State yesterday (afternoon) 4/11/20.

How's your weekend turning out?

So sad about that...working from home most times