How to Calculate pos Business Profit

Calculating the profit made from POS business on a daily, weekly, and monthly basis is very easy, Most pos agents don't know how to calculate the profit and how much the company charges them. the most common mistake most make is writing down the whole charges without deducting the service charge as the profit which is very wrong. Below is a breakdown of how to calculate profit and daily transaction charges on POS business.

How to Calculate the Charges and Profit in POS Business

For both new and existing agents, the first thing to know is that the pos you are making use of charges you on every transaction carried out with the machine. The charges for both withdrawal and deposit are different and for withdrawal, the charges are based on a percentage which is mostly 0.5% and cap at 100 Naira for 20k and above while the deposit is mostly 20 Naira for any amount.

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