udumosam23:


Give us @Lisanet Intergrity & technology LTD your location. We'll train your staff and help you manage your biz until you learn the ropes.

You can also sponsor a paypoint in any location and get 60% of accrued interest.

udumosam23:
One of the major reasons why people still shy away from using POS is the high charges in some areas. If you must do well, you have to be coutious about this and take your customer relation very seriously.

For people who are already bank agents, the bank already have a back charge against the customer that covers for both the bank and the agent, so extra charge are unnecessary except for bigger amounts from 20k above.

Although most agents complain that the % isn't enough, so they add extra charges to make it up. Ideally, a customer shouldn't pay more than 100 for every 10,000 and for amounts above 50k, flat of nothing more than 500.

One of the reasons I excel wherever I open a point is charge strategy. I already know banks peg their charge at 100 below 10k, and 200 above 10k. All I have to do is charge 50 below 5k, 100 below 20k, and 200 above 20k.

Since I only pay 30 naira per transaction, I'll still have my commission even if I were to charge 50 naira flat rate for all amount.

Second strategy is I keep deposits at 200 naira flat rate, and even offer free deposit by weekend for amounts above 100k.
The reason is, I'll built a trust that will enable people do more of deposit which will help me pay those who come for withdrawal without necessarily going to the bank. Also, I can delay the deposit till 4pm if it is not urgent, then I must have rotate the money like twice.

Chrisakuneme:
Ahh. Fake currency is a big problem.

Thanks for sharing your experience.

udumosam23:
Some banks and organizations train their agents quarterly or periodically. But this training isn't all encompassing. They're far from the true field experience.

Truth is, agency banking is still in its developing stage in Nigeria. Most people who teach about it are only illusive.

Most people assume it's all about operating the POS and counting money. It's much more about that. Issues related to POS business can make you loose money beyond imagination. Issues includes:

-Reverse transactions
-Charge backs
- Delayed or unsuccessful transactions which indicated successful in the receipt.
- wrong figure permutations and mistake of transfer to wrong accounts.
- double impact of transaction for a single frequency.

Now these and many more issues abound. There some that are even so strange that you'll wonder how it happened. For instance, I've withdrawn from a diamond visa card the transaction was successful and impacted in my account, I paid. Next day same amount left my account.

There are other problems of fake currency, money laundry 419 etc.

You have to learn how to mitigate through this challenges and keep your capital intact.

Let me stop here for now. I'll be back shortly.

Rollsnjaguar:
Best news of the Month, I love this man.
He has singlehandedly tarred all the street within his domain.

sinadrey:
Please Please
I need breeders to buy from

sinadrey:

I love animals
Currently have two dogs (Box head female rottweiler and a male Bull mastiff) and a year old barren virgin female rabbit


I want to go into rabbit farming /guinea pig /grass farming

I need advice tho

Once I get started
I will open a trend

siryomecs:

U forgot California
Its d second to newzealnd in meat consumption

Squad4:


Bro, where are you located? What breed are these your rabbits? I need New Zealand White and Flemish Giant rabbits!

lanre2009:
нow мany raввιтѕ can тнe cage accιмodaтe?

lanre2009:
нow мany raввιтѕ can тнe cage accιмodaтe?

ednut1:
after 10 years on nairaland. it is sad to admit nairaland has lost it. see the kin topics wey dey mk Frontpage.