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Nairaland Forum / Nairaland / General / Business / How Are POS Operators Coping With The Current Cash Crunch? (16157 Views)
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Re: How Are POS Operators Coping With The Current Cash Crunch? by Olodo24: 9:17pm On Feb 23, 2023 |
babtoundey:That's the standard rate in this part of PH. 300 per 1k. Some even charge 400. It's really terrible. My small money has been exhausted via POS charges. This hasty policy isn't fair at all |
Re: How Are POS Operators Coping With The Current Cash Crunch? by ufotunang: 9:24pm On Feb 23, 2023 |
Many POS bussiness has closed down..see what Buhari and APC has caused... increasing the rate of unemployment..the change and next level nigerians voted for... nawaoooo |
Re: How Are POS Operators Coping With The Current Cash Crunch? by Tunagee(m): 9:30pm On Feb 23, 2023 |
edoairways: No mind dem. |
Re: How Are POS Operators Coping With The Current Cash Crunch? by Goodlady(f): 9:40pm On Feb 23, 2023 |
TheMostComplex1:No. From the records, GEJ's govt was very corrupt |
Re: How Are POS Operators Coping With The Current Cash Crunch? by babtoundey(m): 9:44pm On Feb 23, 2023 |
Olodo24: It's very terrible. Everyone in Nigeria is Buhari 1 Like |
Re: How Are POS Operators Coping With The Current Cash Crunch? by uchennaq(m): 10:04pm On Feb 23, 2023 |
POS operators are doing well. Some now make what they make in 3 days in just 1 day. They have opened accounts in so many banks now. Collecting maybe 10k from each banks of let's say 5 to 10 banks can give you 50k to 100k. Some are now charging 1500 for 5k. Do the maths your self and see the massive profit. My advice, stop blaming your village issue problem on POS people. A lot of them are millionaires already and they will continue making money, is just that you don't see it. Money don't last in their hands as people rush it because they need it. Government is your problem and not POS people. Why una never kill boutique operators that sell cloths of 1k for 10k? 1 Like |
Re: How Are POS Operators Coping With The Current Cash Crunch? by iamsolasoul(f): 1:05am On Feb 24, 2023 |
Lookingback: Yes I just need the destination and the date local or international |
Re: How Are POS Operators Coping With The Current Cash Crunch? by ikorodureporta: 4:01am On Feb 24, 2023 |
Wise ones don enta market dey go do business with traders & customers using ATM |
Re: How Are POS Operators Coping With The Current Cash Crunch? by edoairways: 7:49am On Feb 24, 2023 |
President2001:1. Majority of Nigerians may be exposed as opined by you however many of them find it difficult to use the on line platform. Many are skeptical about the policy since it take days for their money to be reversed. We still have poor network signal from our telecom operators. Before the implementation of such policy, bank like zenith had been having network downtime. 2. Even if they visit banks to make withdrawals, there are still many that would still using the thirty party. Many still want to use cash to transact business. Most banks rarely have cash at night at the ATM machine. 3. Pos agent are still relevant, many banks are located in cities and town hence it is difficult for rural dwellers to access their services. Infact they gain more in rural areas than cities and towns 2 Likes |
Re: How Are POS Operators Coping With The Current Cash Crunch? by abidem4real: 9:18am On Feb 24, 2023 |
Axis313:They had already enriched themselves during the severe heat of the saga. How they are coping now shouldn't be the business of any reasonable Nigerian. Nigerian leaders are bad obviously but Nigerian citizens are worse. They always take advantage of maladministration of Nigerian leaders to enrich themselves even at the expense of their fellow Nigerians. |
Re: How Are POS Operators Coping With The Current Cash Crunch? by Nobody: 9:25am On Feb 24, 2023 |
Most are just doing transfers, very very few have cash. This cashless policy has opened by eyes to the deficiencies in the business sector. Many Small and Medium Nigerian businessess dont have POS machines, I mean they re way more cheaper and portable compared to how they were 15 years ago. You needed to a computer terminal with those touch screen monitors back then , but now you have a pocket device that you can carry about. There is the traditional one and the android version, people dont know these devices are for business, they think its only about collecting cash. Thats the mindset of a typical Rivers person who has never been to places like SPARS or shoprite. How can someone have a business worth over 1million naira and not have a single POS machine, no bank account to transfer to. I see bakeries in PH who only insist on cash even in this cash crunch era, but many are changing their mindset and adapting, especially those selling perishables, when you try to prove stubborn the loses go shine your eye. Kudos to the policy, it causing people to have a rethink about what cash is meant for, no more spraying cash about , no more hoarding it any how as it can be redesigned on short notice. It will expose loafers, scammers and parasites as they will become part of the regulated financial system whether they like it or not. Business that wont adapt to it will become extinct over time, it will create a new generation of millionaires who adapt to it , good one for our youths if only they learn to read and think with their heads. |
Re: How Are POS Operators Coping With The Current Cash Crunch? by ImoleNaija: 9:31am On Feb 24, 2023 |
edoairways: Tunagee: Mr. A is just being greedy. |
Re: How Are POS Operators Coping With The Current Cash Crunch? by Ayodeoba: 11:09am On Feb 24, 2023 |
chatinent:you were wishing for their end and they won’t pity you too based on the stress and high price they pay to get you cash |
Re: How Are POS Operators Coping With The Current Cash Crunch? by chatinent: 11:14am On Feb 24, 2023 |
Ayodeoba: The way you guys make conclusions tho. |
Re: How Are POS Operators Coping With The Current Cash Crunch? by Lookingback: 11:19am On Feb 24, 2023 |
iamsolasoul: International 1st ticket Abuja to toronto. July 28 2nd ticket Calgary to Lagos March 18th |
Re: How Are POS Operators Coping With The Current Cash Crunch? by DasBeste: 9:29pm On Feb 24, 2023 |
Everybody will soon have their own POS machine thereby putting these evil POS operators out of business for good. |
Re: How Are POS Operators Coping With The Current Cash Crunch? by iamsolasoul(f): 9:59am On Feb 25, 2023 |
Lookingback: Good morning , sorry for my late response long day okay do you have a preferred class of travel ? Economy for 1st ticket is $903 payable in GBP it’s a British Airways flight connecting in London , Air Canada operated by Lufthansa connecting in Frankfurt you are looking at $1,112 payable in GBP $1,112 in Naira is N 512,500 or £930 |
Re: How Are POS Operators Coping With The Current Cash Crunch? by Lookingback: 10:34am On Feb 25, 2023 |
iamsolasoul: Please put all cost in Naira. |
Re: How Are POS Operators Coping With The Current Cash Crunch? by iamsolasoul(f): 9:17pm On Feb 25, 2023 |
Lookingback: Ok thanks for your patience We only accept payments via GBP please add a short description when paying but we can provide the NGN equivalent but you are paying in GBP only transfer issues are a problem. We have to brief our bank as well before hand that we are receiving a payment These prices are valid today only $903 is about N415,777 online but could be different when you actually transfer as well it’s also £ 755 |
Re: How Are POS Operators Coping With The Current Cash Crunch? by iamsolasoul(f): 10:09pm On Feb 25, 2023 |
Lookingback: Please note all these fares are 1 month return tickets The second ticket Calgary to Lagos 18 March Delta Airlines £1460 or N804,000 long layover in LAX Multiple carriers West Jet and British Airways £1,528 or N841,000 It’s just easier to bank and do business from the UK than to be filling form |
Re: How Are POS Operators Coping With The Current Cash Crunch? by Lookingback: 11:43am On Feb 26, 2023 |
iamsolasoul: Ok. The first ticket, Abuja to Toronto is a one way ticket, And layover shouldnt be over 4to 5hrs. The second ticket , Calgary to Lagos is a two way ticket but the return date is beyond one month( Vacation things in Nigeria). Layover shouldnt be more than 4 to 5 hrs. Thanks |
Re: How Are POS Operators Coping With The Current Cash Crunch? by iamsolasoul(f): 4:41pm On Feb 26, 2023 |
Lookingback: I will revert this evening with One way fare and also two months or three? Please note all Fares are only guaranteed by purchase |
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