What happens to ATM machines? POS is not a must.

May the new pos charges favour the bigots and sycophants that supported this INEC select.

Their joy will eventually turn to sorrow.

I pray it favors you all and ya families.

Bodexinvest:
What happens to ATM machines? POS is not a must.

You won't see money in most around you. The ones that have...business or same pos people have withdrawn all inside... they know when d bankers load and are first to withdraw with many cards

One thing is sure, their greediness will make them lose customers. Why won't I use the excess charges they will collect from me for transportation to the nearest ATM ? Nobody will tell them to crash the rate when they are not making reruns like before

They will start complaining of low patronage soon. Especially now that almost every trader has an account with the likes of Opay. We have various options for payment transactions. We can simply do a transfer, use POS where applicable or withdraw from ATMs.

I wish them well.

Only in Nigeria. Wickedness

It’s not as if their cost of production had increased, na them dey mint the money?

On top my money you De review price.

Angelfrost:
Just trek to your bank and withdraw your money...!

This is typically Naira Redesign/Scarcity all over again!

How did we make POS operators this powerful sef??! Naija matter ehn!!!

Do not get it twisted. The cost of Maintenance,Paper Roll,Servicing the PoS terminal,Cost of fuel and other requisites stuff that warrant the increase of Service Charge. A lot of People are misquoting the aforementioned. What POS is increasing is the service Charge.

I think this is a Lagos thing. 🤣🤣 Pos operators of Nigeria indeed.

Aotoidee123:
Do not get it twisted. The cost of Maintenance,Paper Roll,Servicing the PoS terminal,Cost of fuel and other requisites stuff that warrant the increase of Service Charge. A lot of People are misquoting the aforementioned. What POS is increasing is the service Charge.

Okay... Thanks for clarifying this!

Why would l patronize POS operators ( some of whom are even yahoo boys,) when bank and ATM plenty for Gbagada , somolu and palm groove my hoods?

For my ikoyi office nko where zenith and ecobank on rewane road no dey see queue? Not to talk of bank ATMs wey full Awolowo Road in lkoyi

POS, una dey ment

We move to ATM. Awon useless association.

ajepako:
Why would l patronize POS operators ( some whom are even yahoo boys,) when bank and ATM plenty for Gbagada , somolu and palm groove my hoods?

For my ikoyi office nko where zenith and ecobank on rewane road no dey see queue?

POS, una dey ment

you dey mind one toothless group of lazy people forming association with zero benefits to its members.
When demand drop, na same independent marketers go drop the price down.

jumper524:
you dey mind one toothless group of lazy people forming association with zero benefits to its members.
When demand drop, na sane independent marketers go drop the price down.

Can you imagine?

Even when they were at the peak of their power during naira scarcity, l didn't patronize POS ( when two of my kid brothers are bank executives and senior lT/ software executive) also with ATM right in the estate where l work?

So, it is now that naira is abundant that l will pay for their exorbitant changes?

Once again, Dem dey ment

SEE ME SEE WAHALA..EVEN POS PEOPLE DON GET UNION........

Even in the most capitalist of economies in the western world price fixing by groups of companies or association of same business concern is met with severe sanctions because it negates the whole ideal and principles of free market economy.
But here electricity distribution companies would fix uniform prices,motor unions at parks would fix prices,Cement manufacturers almost have same prices and this pos people have followed the same ignominious footstep.
Why would pos charge be same in Ikoyi and ajegunle or Ikorodu,Lekki or alimossho?

Harrynight:



How does the high cost of fuel affects POS services?

Many if not most have to take transport to the banks to get cash on a daily or at least regular basis.So increasing their price is justified,but the idea of fixing uniform prices for Lagos State is just foolish.
Let each pos operator fix commission he/she feel is economically viable.

I wan buy something from you, you fit collect transfer. Oyo is your case

God1000:
Nigerians are wicked

I'm not a POS operator but things are getting expensive, transport fare and food is now expensive, many people have added price to their goods, what do you expect the POS Operators to do? How do you expect them to shoulder the inflation? They have to increase their price too.

Is boharri still power ?

Harrynight:



How does the high cost of fuel affects POS services?

Has bank increase withdrawal charges to enable post operators increased from their ends?

Or do we just take advantage of circumstances to extorts from people and enlarge our pockets??

I'm not a POS but know this, transport fare and food is now expensive, POS operator when de buy 4 seed of tomatoe for N200 don de buy am for N500, POS operator no go pay transport go work? POS operator no go buy food chop? I nor know how una de reason sometimes. Many people have added price to their goods, what do you expect the POS Operators to do? How do you expect them to shoulder the inflation? They have to increase their price too.

Angelfrost:
Just trek to your bank and withdraw your money...!

This is typically Naira Redesign/Scarcity all over again!

How did we make POS operators this powerful sef??! Naija matter ehn!!!

I'm not a POS operator but things are getting expensive, transport fare and food is now expensive, many people have added price to their goods, what do you expect the POS Operators to do? How do you expect them to shoulder the inflation? They have to increase their price too.

Emmapub:
I don’t blame them but CBN and the commercial Banks who I believe has given them the power they now have …

I'm not a POS operator but things are getting expensive, transport fare and food is now expensive, many people have added price to their goods, what do you expect the POS Operators to do? How do you expect them to shoulder the inflation? They have to increase their price too.

sharminator5:
Everybody want to cash out in this country... And d poor mases suffer d more... God will help us

I'm not a POS operator but things are getting expensive, transport fare and food is now expensive, many people have added price to their goods, what do you expect the POS Operators to do? How do you expect them to shoulder the inflation? They have to increase their price too.

Jmarjr:
Nigerians and wickedness. ....5&6

I'm not a POS operator but things are getting expensive, transport fare and food is now expensive, many people have added price to their goods, what do you expect the POS Operators to do? How do you expect them to shoulder the inflation? They have to increase their price too.

Nothing like this anywhere. That market is being determined by the forces of demand and supply.

However, things are getting expensive and it is only logical for the operators to increase their cost of service for business survival.

Na to jejely go ATM go withdraw

Na bank sure pass oo.. And when you use the bank, make sure you withdraw sufficient cash....

That's how to boycott all these small small charges.

Who even use them? What happens tomillions of ATM everywhere? Maybe in very remote villages where there are no bank. I dont remember last time I used pos

Price fixing is illegal in Nigeria, just giving a directive alone is enough for the government to have arrest the executives of this useless Pos association, there should be competing in price and services for a free economy to grow, Nigeria is not a socialist or communist country where price fixing is allowed, the promoters of this association should be arrested by EfCC for economic sabotage, if Pos business no pay u..try another business not to dey compel people.