Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,691,253 members, 6,341,046 topics. Date: Wednesday, 16 June 2021 at 12:22 AM

Share Your Experience As A POS Vendor - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / Share Your Experience As A POS Vendor (31438 Views)

Have You Mistakenly Credited A Bank Account Before? Share Your Experience / "My Experience As A Taxify Driver In Abuja" / How Can I Get A POS Machine? (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down)

Re: Share Your Experience As A POS Vendor by angelfallz(m): 3:17pm On Jun 10
My goodness, even elders?

Enyimbamercedes:
A friend narrated this scam that was used on them and i thought to share.

A well-spoken elderly lady came to withdraw 85,000 naira. The amount was typed into the terminal and given to her to enter her PIN. She acted like she was adjusting her glasses and moved a distance to enter her PIN due to what the operator thought was too much sun glare.

Unknowingly, the lady cleared the amount entered initially , changed it to 8,500 naira, entered her PIN and returned the terminal. The POS operator did not look at the receipt and gave the woman 85,000 naira.

A lot of scammers see POS operators as easy targets for scams which is really terrible considering the slim profit margins. A scam like the above one can wipe out 2 months profit!

1 Like

Re: Share Your Experience As A POS Vendor by bigcee(m): 3:17pm On Jun 10
Mekoss:
Well...I did 3 years in the business, for me as a vendor I’m done... I don’t think there will ever be another 2020 again... where we really made good money... I have had my share of good bad and the ugly... currently facing the bad, cos I was SHOT Yes... I’m well known In my community, I have branches... but I think I’m done... I was robbed 3 times (lots of money) but I also made lots of money
I just left the hospital, my girlfriend say make I no do again... so na to relocate, start new hustle,....
please create trend for UBer and BOLT... I don buy my Corolla ��
Baba, na man you be oh. May God bless your new hustle, amen.

2 Likes 2 Shares

Re: Share Your Experience As A POS Vendor by caandi(f): 3:18pm On Jun 10
Anything that has to do with money comes with risks.
Even working with the financial sector is worse
I’ve been a victim

Hello lovelies. Please help a sister. Pls support me by watching and subscribing to my YouTube channel by pressing the link bellow�������� it doesn’t take anything from you pls

https://www.youtube.com/watch?v=1grFh9chOY4
Pls subscribe!!!

6 Likes

Re: Share Your Experience As A POS Vendor by angelfallz(m): 3:18pm On Jun 10
Lord have mercy!
Which area did this happen? Is it common around there?
Let people know so that others wouldn't fall victim.

goldtube:
I still recall when I got robbed at gun point by 5 guys inside my car they took my atm card asked for my pin , then one visited the nearest pos and withdrew 150k from my account , well I just kept mute and drove of after the incident, my question is what if pursued the case , won’t the pos operator be in trouble?
Re: Share Your Experience As A POS Vendor by hope4nigeria(m): 3:18pm On Jun 10
teresafaith:
As the owner, sales rep or just helping out.
Share the good, the bad, ugly side of working as a pos agent.

The good
Making great friends and acquaintances. connecting to a greater scale if you know your onions.

I've heard of people who met their partners while working as a pos agent.

the bad
Debts and more debt
You'll see one old man/woman even young peeps will just come and be doing oju anu to please borrow them the smallest amount that they'll pay back, after giving them, they'll stop patronising you and will even stop passing the route of your shop lol grin

the ugly
This one happened to me recently but I serve a living God.
The man came with a jeep highly dressed with an expensive bling, he said he wanted 50k I charged him 1k he said no prob but he's doing transfer.

Inside me I was happy cos that means more commission, oga finished doing the transfer said I should check. While he wait inside his ac motor cos that day was hot af, after 5min he came and asked if I had seen the money I said no, he said maybe its network that he'll wait.

Another 10mins money never drop my scam rader began blinking po po po po.
Oga said I should give him 20k to settle someone while he wait till the money drops, I said mba.

When he saw that I wasn't fazed neither was I moved with his appearance, he suggested to send the money again but if the first 50k entered I should send it back to him and I should manage 5k for being an omo daada, oga did the second transfer showed me his bank app, our company's name and truly it showed successful even the first transfer details that they've not refunded him, I even saw his account balance wey be like recharge card pin grin sibe sibe this madam wasn't fazed.

Oga came back asked me how far, I said none of the two transfer dropped that means no money, he just hissed and drove off. till now I no see any 50k.

Pos work no easy honestly, the bad outweigh the good it's just God that's protecting most of us.

Please share your experience let's learn from each other.

I will not share because if I do, all of you go begin donate money now now

1 Like

Re: Share Your Experience As A POS Vendor by teresafaith(f): 3:19pm On Jun 10
CrazyCrane:
I love to patronize just one guy in my area.
Unfortunately,he wasn't around so I decided to patronize his neighbor,she was even rude to me......... undecided
I told her I wanted 35k
After the transaction,no receipt lipsrsealed
Went home to pick my box cus I was traveling.
Got to my destination I no see debit alert o
After 4days the money was still intact..
Came back home only to find out she's no longer there...
2months later,I saw her in a busy market and I called her,madame snubbed me o shocked
I walked up to her,she said she can't remember me.
I told her that there's a time she did a transaction for me and it didn't patch through but she paid me......... Pls can you give me your account number to refund you.
She was speechless smiley
Wow just wow
Your type rare gaan

3 Likes

Re: Share Your Experience As A POS Vendor by Ukpayahor: 3:20pm On Jun 10
.
Re: Share Your Experience As A POS Vendor by Enyimbamercedes: 3:21pm On Jun 10
angelfallz:
My goodness, even elders?


Wouldn't you trust an elderly looking person not to scam you? You would let your guard down

Re: Share Your Experience As A POS Vendor by Refinedbeing(m): 3:23pm On Jun 10
Teresafaith thanks for this. Created a thread seeking info about this business. I want to start the business and i need advice on which of the POS is the best to apply for, how to get a POS and other general advice. Thanks

1 Like

Re: Share Your Experience As A POS Vendor by hansomb: 3:26pm On Jun 10
Adesuwag:
what does this mean?
trying to capture his card details and his password through the lady I guess
Re: Share Your Experience As A POS Vendor by goldtube(m): 3:26pm On Jun 10
Bmaster:
nope he won't be in trouble, unless he accepted transfer,but since it's withdrawal he is free
Hmmm okay so what happens if a stolen atm card is used at your pos terminal, original card holder then filled a claim with his or her bank that he never made such transaction and he wants his money back?

1 Like

Re: Share Your Experience As A POS Vendor by Pastev1(m): 3:29pm On Jun 10
y dear you are on point.
If u no understand wat's involve in business,
pls don't even try to do it.
In Business, u must gain n lose.

My Goody
The truth is that i don't lack transport to work, offering n bottle of water daily

Bad.
Debtor n bagger refused to patronize neither refund the debt, in fact they will even turn ur enemy.

Urgly.
I thank God for my small smart sale girl,
a man came n claimed that i sent him to collect moni,
he even dialed diff no., pretended to call me n told my girl
to talk with her boss (me) n d girl told him, tel my oga to call my line.
wen d girl strted to raise her voice, d man ran. it happened 2x.
Also, a customer withdraws 2k once, according to him he got an alert 3x of 2k, 2k n 4k.
We battle to our diff banks till the point d guy brought bad boys to my shop,
at the end, i lost 6k 2dem 4peace 2rain.
But am still on biz, even have more outlets...

21 Likes 2 Shares

Re: Share Your Experience As A POS Vendor by pocohantas(f): 3:33pm On Jun 10
Mekoss:
Well...I did 3 years in the business, for me as a vendor I’m done... I don’t think there will ever be another 2020 again... where we really made good money... I have had my share of good bad and the ugly... currently facing the bad, cos I was SHOT Yes... I’m well known In my community, I have branches... but I think I’m done... I was robbed 3 times (lots of money) but I also made lots of money
I just left the hospital, my girlfriend say make I no do again... so na to relocate, start new hustle,....
please create trend for UBer and BOLT... I don buy my Corolla ��

There is an Uber thread in Business section. A very active one at that.

https://www.nairaland.com/2653841/uber-partner-lagos-please-share

Sorry about your experience. Glad you are good now. Abeg no do again because once they start attacking you, they don’t stop. POS vendors and pharmacies na the latest target.

2 Likes

Re: Share Your Experience As A POS Vendor by Mandyjosh: 3:36pm On Jun 10
Someone once told me how he was almost scammed during Xmas period.. The first one was fake transfer and the other was withdrawal alert as well. The first man can came to get 50k from his debit card using my friend pos stuff. He was in hurry to take the cash but my friend to he to wait awhile as he is yet to see is pos credit alert, though the guyy in question shown him his own debit alert. While he insisted that he would
part away waitany cash except the see credit alert from this on pos service provider this guy just martay..that was the first guy and 2nd scammer na man.....

2 Likes

Re: Share Your Experience As A POS Vendor by bigcee(m): 3:36pm On Jun 10
goldtube:

Hmmm okay so what happens if a stolen atm card is used at your pos terminal, original card holder then filled a claim with his or her bank that he never made such transaction and he wants his money back?
Good question?
Re: Share Your Experience As A POS Vendor by pocohantas(f): 3:40pm On Jun 10
Terasafaith, you mean Nigerians have turned you guys to microfinance banks (soft loan disbursers)??

Nawa o. Never knew people expect much from POS vendors too.

5 Likes

Re: Share Your Experience As A POS Vendor by Alimonu: 3:41pm On Jun 10
Personally, I own eight branches b4 but now I manage only 6.
Let me first start from my bad experiences:
Wen I started,
My first ugly experience was wen a trailer driver that was supposed to give soldiers 20k came to make withdrawal; he was debited for a declined transaction.
He called the military guys that were supposed to collect the money. I tried to explain to them but my explanation felled on deaf �.
The only thing I could do for them not to seize my POS and lock my shop was to pay them the 20k which I did.
The second ugly experience I had was transferring #250k to a wrong account number. What compounded my woes was that the money belonged to chairman of agberos at Alakija Lagos State.
He was the one that gave me space where I erected my container. He was preparing for his dad's burial, so he gave me the money to transfer to his sister. I didn't know the money was transferred to another of my customer's account.
I didn't know the customer bc I just started the business and didn't have any record book.
The dreaded chairman came to me that the sister was yet to see the money and I kept assuring him that it was network. Wen he came for the third time, I called the name for him and he was like: call the name again and I did he asked me who gave me that account number and name?
That was wen I knew that I was in for a big mess. He called his boys and told them what transpired and they all asked me to find his money and send to him.
To God be the glory, it was my GTB bank app that I used since the account was GTB I decided not to use opay.
I called GTB customer care line and they sent an indemnity form to my email address which I filled scanned and sent to them. They froze the account.
To cut the long story short, I borrowed money that night to settle the chairmoo. GTB contacted the owner of the account he said he didn't tell me to send money to his account and he wouldn't come to the bank. Wen they threatened him he gave us option of giving him 20/30% of the money b4 he would authorise them to return the money to me. Wen they further threatened him he went to the nearest branch and did the needful. I sha sent him 5k.
Thirdly, a guy came to my shop and told my attendant to transfer 65k and after he did , the guy gave him 6500. He asked him for the complete money and the customer said he told him 6500 and not 65000. To cut the long story short, the customer told him to follow him to his side which my guy did but the customer took him to cele church that that was where he lived, he told my guy that the money was sent to a girl in Ijebu ode, my guy called the lady the lady was very polite, she promised to return the balance he the money entered. For more than a year they refused to pick our calls. The customer told my guy to give him 5k transportation to go to Ijebu ode. Wen we wanted to arrest him we found out he wasn't living in that church.
Fourth bad experience was wen a man brought 85k to my female worker while I was away, she counted the money and told him it was 85k but the man said no, it was 89k my worker counted the money the second and third time and it was still 85k, the scammer made a call and told the person that the money was 85k that both him and my worker counted the money together. After the call he left and came back immediately and told my worker to transfer the 85k. He handed the girl the black nylon where the money was, and she foolishly dropped the money on the table and transferred the money. Wen the man left she opened the nylon and wat she saw was 100 notes just 15k.
My brothers in the Lord if I continued with the bad experience u won't like to open the business so lemme tell u the gud ones.
THE GOOD
I opened the business wit about 70k but today, I have a branch that was giving me at least 30k daily, some branches used to give me 20k, 15 and 10k depending on the location
CHALLENGES.
Remember me talking abt a branch giving me at least 30k right?.
That was then. Now, what I make in that my branch now is 15 to 20k because of competition.
So the major challenge is proliferation of the business. Competition has immensely affected the business.
TESTIMONY:
Just as the op stated, those men in the car that always wish to make transfer and show u app are mainly scammers.
They gave done it to my workers b4. One succeeded in scamming my worker 70k and I made sure she paid me the money bc she knew the rule and decided to do otherwise.
The other one didn't succeed.
Conclusively, the POS business is a very Iucrative business if u have a very good location and the cash.
Lastly, I give out Opay, KUDI AND MONIEPOINT POS.
MY NUMBER IS 07030763978

29 Likes 2 Shares

Re: Share Your Experience As A POS Vendor by teresafaith(f): 3:42pm On Jun 10
Refinedbeing:
Teresafaith thanks for this. Created a thread seeking info about this business. I want to start the business and i need advice on which of the POS is the best to apply for, how to get a POS and other general advice. Thanks
Try applying for an opay android pos
Their charges are 6% on any amount (withdrwal)
10 for deposit from 1k to 5k
20 for deposit from 5.1k to 10k
30 for deposit from 10.1k and above

And you still enjoy 25% cash back from all your commission daily

11 Likes

Re: Share Your Experience As A POS Vendor by teresafaith(f): 3:47pm On Jun 10
pocohantas:
Terasafaith, you mean Nigerians have turned you guys to microfinance banks (soft loan disbursers)??

Nawa o. Never knew people expect much from POS vendors too.
I don pay gbese tire on top 'abeg borrow me I'll give you back'.
Pos business, you must wicked small or else na village dey call you so

2 Likes

Re: Share Your Experience As A POS Vendor by amrichy(m): 3:48pm On Jun 10
tasceige:


Practically trying to get the details of my card, the printed figures, expiry details, and Security.

With this details without your pin they can buy loads of stuffs with your card untraceable even with without authentication.

Wow... I find this info very valuable
Re: Share Your Experience As A POS Vendor by Ategberoson(m): 3:55pm On Jun 10
setobaba:
Someone should create another thread for bolt or Uber driver vendor

Meanwhile

Quality female slant back puppy for sale at Abeokuta
Age 9 weeks
Asking price is 50k
See profile for WhatsApp contact only



bro create it, we will back you up on the thread



I've one pencil light Camry in good condition that's hungry for movement at home
Re: Share Your Experience As A POS Vendor by tasceige(m): 3:57pm On Jun 10
explosiveskull:


I tore the nylon that has our names and those long numbers with expiring date on my own card. The card is just plain and naked but I copied all those details to some book tucked in somewhere private.

I noticed that recently all these dirty cultists as aye and bagas will form they are fighting to rob people and their targets are pos vendors and pharmacies, they purposely shot one of my friends that owns a chemist store after asking the guy where he belongs and the guy told them he doesn't belong anywhere, they still shot him but thank God he survived.

Wow!!! Thank God for life.
God help us.
Re: Share Your Experience As A POS Vendor by dave4rella(m): 3:58pm On Jun 10
shocked
Interesting thread
I had an opportunity to open the business in my friends motor spare parts shop as an attachment, but I didnt do that, someone else did and attached to his neighbor, now she's cashing out...
Very nice location in a popular junction in lagos

6 Likes

Re: Share Your Experience As A POS Vendor by pocohantas(f): 3:58pm On Jun 10
teresafaith:

I don pay gbese tire on top 'abeg borrow me I'll give you back'.
Pos business, you must wicked small or else na village dey call you so

You need to be wicked to do business in this country o. I can only imagine how hard it must be for you. There is this POS guy I use, he runs the business with his wife. They are very polite and would sometimes ask if I am going to the market so they can give me smaller bills cheesy.

Anyway, someone opened very close to them, e no reach 1 month, the person close shop. I guess I am not the only one that decided to stick to them, even when they don’t open early. lipsrsealed

22 Likes 2 Shares

Re: Share Your Experience As A POS Vendor by Salt06(m): 3:59pm On Jun 10
teresafaith:
As the owner, sales rep or just helping out.
Share the good, the bad, ugly side of working as a pos agent.

The good
Making great friends and acquaintances. connecting to a greater scale if you know your onions.

I've heard of people who met their partners while working as a pos agent.

the bad
Debts and more debt
You'll see one old man/woman even young peeps will just come and be doing oju anu to please borrow them the smallest amount that they'll pay back, after giving them, they'll stop patronising you and will even stop passing the route of your shop lol grin

the ugly
This one happened to me recently but I serve a living God.
The man came with a jeep highly dressed with an expensive bling, he said he wanted 50k I charged him 1k he said no prob but he's doing transfer.

Inside me I was happy cos that means more commission, oga finished doing the transfer said I should check. While he wait inside his ac motor cos that day was hot af, after 5min he came and asked if I had seen the money I said no, he said maybe its network that he'll wait.

Another 10mins money never drop my scam rader began blinking po po po po.
Oga said I should give him 20k to settle someone while he wait till the money drops, I said mba.

When he saw that I wasn't fazed neither was I moved with his appearance, he suggested to send the money again but if the first 50k entered I should send it back to him and I should manage 5k for being an omo daada, oga did the second transfer showed me his bank app, our company's name and truly it showed successful even the first transfer details that they've not refunded him, I even saw his account balance wey be like recharge card pin grin sibe sibe this madam wasn't fazed.

Oga came back asked me how far, I said none of the two transfer dropped that means no money, he just hissed and drove off. till now I no see any 50k.

Pos work no easy honestly, the bad outweigh the good it's just God that's protecting most of us.

Please share your experience let's learn from each other.

Na wa o. Means the well dressed man was a scammer. Hmmm.... Naija which way.
I Respect you. You really tried
Chai, One can't afford to be emotional/ carried away by people's appearance in business

2 Likes

Re: Share Your Experience As A POS Vendor by Salt06(m): 4:07pm On Jun 10
CrazyCrane:
I love to patronize just one guy in my area.
Unfortunately,he wasn't around so I decided to patronize his neighbor,she was even rude to me......... undecided
I told her I wanted 35k
After the transaction,no receipt lipsrsealed
Went home to pick my box cus I was traveling.
Got to my destination I no see debit alert o
After 4days the money was still intact..
Came back home only to find out she's no longer there...
2months later,I saw her in a busy market and I called her,madame snubbed me o shocked
I walked up to her,she said she can't remember me.
I told her that there's a time she did a transaction for me and it didn't patch through but she paid me......... Pls can you give me your account number to refund you.
She was speechless smiley
wow. That's so sweet of you.
God Bless you

1 Like

Re: Share Your Experience As A POS Vendor by matthew080: 4:08pm On Jun 10
Pos biz is not easy
I started last year July
With just 45k capital after setting my kiosk
Now I got 3kiosk
Make around 20k per day

This biz just overnight turn me to somebody
Presently my capital is around a million
Omo I thanks allah
And the person who introduced this biz I Nigeria,
I will like to know how much other vendors make per day

17 Likes 2 Shares

Re: Share Your Experience As A POS Vendor by Salt06(m): 4:08pm On Jun 10
Rexnegro:
I'm certain God almighty want me to learn something from you ehn cos just this morning I started POS service outfit gbam a pos thread on front page. Is God not wonderful ? just this morning I opened the shop for the first time, like right now sef I'm inside the shop typing this. God Should just protect us from evil doers Amen .
Amen!
Cool.
God bless your biz!
Re: Share Your Experience As A POS Vendor by teresafaith(f): 4:10pm On Jun 10
pocohantas:


You need to wicked to do business in this country o. I can only imagine how hard it must be for you. There is this POS guy I use, he runs the business with his wife. They are very polite and would sometimes ask if I am going to the market so they can give me smaller bills cheesy.

Anyway, someone opened very close to them, e no reach 1 month, the person close shop. I guess I am not the only one that decided to stick to them, even when they don’t open early. lipsrsealed
My boss wey be say na baba alaanu, before I started working for him he spend nothing less than 10k daily on top this borrow me.

And most of this customers forget or maybe they just don't care that it's this same cash that's needed to run the business.
Na wa
Re: Share Your Experience As A POS Vendor by stupidmod3: 4:12pm On Jun 10
teresafaith:
As the owner, sales rep or just helping out.
Share the good, the bad, ugly side of working as a pos agent.

The good
Making great friends and acquaintances. connecting to a greater scale if you know your onions.

I've heard of people who met their partners while working as a pos agent.

the bad
Debts and more debt
You'll see one old man/woman even young peeps will just come and be doing oju anu to please borrow them the smallest amount that they'll pay back, after giving them, they'll stop patronising you and will even stop passing the route of your shop lol grin

the ugly
This one happened to me recently but I serve a living God.
The man came with a jeep highly dressed with an expensive bling, he said he wanted 50k I charged him 1k he said no prob but he's doing transfer.

Inside me I was happy cos that means more commission, oga finished doing the transfer said I should check. While he wait inside his ac motor cos that day was hot af, after 5min he came and asked if I had seen the money I said no, he said maybe its network that he'll wait.

Another 10mins money never drop my scam rader began blinking po po po po.
Oga said I should give him 20k to settle someone while he wait till the money drops, I said mba.

When he saw that I wasn't fazed neither was I moved with his appearance, he suggested to send the money again but if the first 50k entered I should send it back to him and I should manage 5k for being an omo daada, oga did the second transfer showed me his bank app, our company's name and truly it showed successful even the first transfer details that they've not refunded him, I even saw his account balance wey be like recharge card pin grin sibe sibe this madam wasn't fazed.

Oga came back asked me how far, I said none of the two transfer dropped that means no money, he just hissed and drove off. till now I no see any 50k.

Pos work no easy honestly, the bad outweigh the good it's just God that's protecting most of us.

Please share your experience let's learn from each other.

n u no tell oga make e wait then make u arrange boys for am.

ur toosters will b coming many wan chop u, dats all

why borrow, na lending center abi pos center lol

2 Likes

Re: Share Your Experience As A POS Vendor by setobaba: 4:15pm On Jun 10
[quote author=Achovich720 post=102579893][/quote]
What’s your offer ??
Re: Share Your Experience As A POS Vendor by setobaba: 4:16pm On Jun 10
Ategberoson:




bro create it, we will back you up on the thread



I've one pencil light Camry in good condition that's hungry for movement at home
Okay will do just that

(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply)

Naira Records Gain Against Dollar / Tony Elumelu Steps Out With Wife As They Attends 2019 UBA CEO Award / Why Nigeria Banned Bitcoin - What You Should Know

(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 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 250
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.