Pmedia7787:


I started this business ..now with 6 pos points without at traning

I don't know what's hard in it

Everyone is not you.
So you don't have any of your staff that had shortage b4 abi?
Or since you started, you have not had shortage b4?

Is their charges not much nd hope it is not about target stuff

jagaban002:

Money point Pos

P

jagaban002:

Money point Pos

is their charges not much nd hope it is not about target stuff

jagaban002:

Money point Pos

is their charges not much nd hope it is not about target stuff

Pmedia7787:

I started this business ..now with 6 pos points without at traning
I don't know what's hard in it

do you still need the AdWords account?

Pls, I want to start the pos biz, how do I go about it.

Pmedia7787:
You forgot ,that pos providers charge too

Accelerex currently charges about 120 naira on 10200 withdrawn

Opay charges lesser

So for most of the 100 naira as you described

Pos providers charge between 7-23 naira

Meaning profit are from 77-93 ad some times..it could just be 50 naira depending on the provider

Not every pos point makes money..though most do make money

very true. I own a pos shop though I use Kudi terminal. Imagine making 5100 a day and kudi's charge is about 2000.

Pmedia7787:


What's a graduate going to do ...in a pos point.. That's a job for secondary school student and probably ND students on IT

I don't see it as a right move for a graduate to apply for such a job

The graduate can actually run such a shop for under 100,000

And if the graduate has enough grey matter..the graduate can do it for under 70,000

Pos jobs are not for graduates

But a graduate can run them as a business



As per risk...yes its true..when the person is not smart

My sister who is clocking 30 lost about 100k in a day

Na kill I wan kill her considering that her point only does about 7k a week which is low in pos biz

BT the fact that the money increases is OK by me

lol. My friend we both started together has lost so much that he folded up in less than 2months

Jimmyubah2:

How do you start up without knowing the ins and out of the business?
Work for someone first then get the experience b4 setting up your own.
POS business no be beans.
I am into it too and I know the risks involved.
You said the risk involved is too low abi?
When the person input 200 naira instead of 200,000 and then pay the customer 200,000 then you will know how far.

exactly what my friend was doing. Input 1500 and paid the person 15000. Another transaction, he input 4000 and paid 40000. He has made this mistake more than 6 times

jossy468:
Me am a graduate doing the business.... I work under someone for a month.... Now in less than 3 month I made more than 300k from it

very possible depending on your location. I make approximately 15k weekly. That is about 60k monthly. Some months are good, you can make up to 80k or 100k

Pmedia7787:


I started this business ..now with 6 pos points without at traning

I don't know what's hard in it

pls when did you start? How long before you openes a second branch? Getting pos cashier assistant is so difficult in Benin

ogeodi:
Pls, I want to start the pos biz, how do I go about it.

do you have a salary job? If no, kindly source for capital, apply for pos machine either from bank or other options like opay, kudi, moniepoint etc. I won advice you to build a kiosk, kindly meet someone who have a shop in a busy environment and ask to pay half the rent. That way, you get to share the shop with the person.

Pls have at least 300k as capital. When costumers come to your shop to withdraw 200k sometimes more than that and you say you don't have, some avoid your shop cause they see it as a waste of time

Be vigilant, avoid mistakes (very important)

Ryan03:
exactly what my friend was doing. Input 1500 and paid the person 15000. Another transaction, he input 4000 and paid 40000. He has made this mistake more than 6 times

My friend's attendant inputed 1500 and paid 150000 today.
That's shortage of 148500.

Jimmyubah2:

My friend's attendant inputed 1500 and paid 150000 today.
That's shortage of 148500.

I nor go see sleep

Thanks. I have a shop I just want to add it for extra income. Amongst the three you listed which one is the best. Thks

Ryan03:
do you have a salary job? If no, kindly source for capital, apply for pos machine either from bank or other options like opay, kudi, moniepoint etc. I won advice you to build a kiosk, kindly meet someone who have a shop in a busy environment and ask to pay half the rent. That way, you get to share the shop with the person.

Pls have at least 300k as capital. When costumers come to your shop to withdraw 200k sometimes more than that and you say you don't have, some avoid your shop cause they see it as a waste of time

Be vigilant, avoid mistakes (very important)

Jimmyubah2:

How do you start up without knowing the ins and out of the business?
Work for someone first then get the experience b4 setting up your own.
POS business no be beans.
I am into it too and I know the risks involved.
You said the risk involved is too low abi?
When the person input 200 naira instead of 200,000 and then pay the customer 200,000 then you will know how far.

U are right. I once made a similar mistake, but on a little amount, reason cos I was distracted and multitasking at a go, instead of inputting a sum of 1,050, I went on 2 input 105 and paid d customer 1,000, I've been conscious nd more careful ever since.

ogeodi:
Thanks. I have a shop I just want to add it for extra income. Amongst the three you listed which one is the best. Thks

there is no best. Although I heard opay have 85% when rating good network. I use Kudi but encounter network issues every Thursday as from 12pm. Due to this issue, I use my friend opay every Thursday. Aside the Thursday disturbance, kudi is nice

Ryan03:
I nor go see sleep

As in eh!!! That's why I prefer terminal that has coma (,) when inputting figures.

Ryan03:
there is no best. Although I heard opay have 85% when rating good network. I use Kudi but encounter network issues every Thursday as from 12pm. Due to this issue, I use my friend opay every Thursday. Aside the Thursday disturbance, kudi is nice

Moniepoint is way ahead of both kudi and opay in terms of charges and network.
Opay now charges 0.6 for any transaction less than 20k.

Jimmyubah2:

Moniepoint is way ahead of both kudi and opay in terms of charges and network.
Opay now charges 0.6 for any transaction less than 20k.

o have been hearing of moniepoint but the number of agents using it is low. What's their charge like?

Jimmyubah2:

Moniepoint is way ahead of both kudi and opay in terms of charges and network.
Opay now charges 0.6 for any transaction less than 20k.

kudi takes 0.6 for all transactions less than 20k. But 25k-500k is 150. That's where I make my profit sometimes. I charge 1k-1.5k for 100k. I sometimes get tow of such transactions. Some days I get up to 2 or 3 persons who come with their card to withdraw and transfer 200k and above. That way, I don't even use my money, I can charge 2.5k-3k for withdraw and transfer of 200k. I will make about 2.3k from it. Three customers like that and I already have 6k do the day. My small transactions give me at least 2k (bad days) per day so at the end of the day, I take like 8k-10k home

Although somedays I only make 4-5l

Ryan03:
o have been hearing of moniepoint but the number of agents using it is low. What's their charge like?

Ah!!! Where is your location?
Moniepoint is so popular where I am.
They charge 0.5 for any transaction (withdrawal) less than 20k.
They charge 20 naira for any amount you are transferring.
Moniepoint is simply the best.

Jimmyubah2:

Ah!!! Where is your location?
Moniepoint is so popular where I am.
They charge 0.5 for any transaction (withdrawal) less than 20k.
They charge 20 naira for any amount you are transferring.
Moniepoint is simply the best.

kudi also charge 20 naira for all transfers. I'm in Benin

Ryan03:
kudi takes 0.6 for all transactions less than 20k. But 25k-500k is 150. That's where I make my profit sometimes. I charge 1k-1.5k for 100k. I sometimes get tow of such transactions. Some days I get up to 2 or 3 persons who come with their card to withdraw and transfer 200k and above. That way, I don't even use my money, I can charge 2.5k-3k for withdraw and transfer of 200k. I will make about 2.3k from it. Three customers like that and I already have 6k do the day. My small transactions give me at least 2k (bad days) per day so at the end of the day, I take like 8k-10k home

Although somedays I only make 4-5l

Nice one. But those higher transactions don't come too often.

Jimmyubah2:

Nice one. But those higher transactions don't come too often.

I get them alot cause I am directly opposite a market. Those market women can transfer money eh, and on the main market days, I go into the market to transact. No shame o boss, we are even up to four people doing it and thankfully, the market is big enough that your money will finish and you have to hurry to the bank again. I make up to 10k on market days and sometimes even 14k

Ryan03:
kudi also charge 20 naira for all transfers. I'm in Benin

OK. I am in Gombe.
HERE in the North, Hausa people have spoiled the business.
That transaction that u charge 1k to 1.5k, here some people do it for just 500 naira or less.

Jimmyubah2:
My friend's attendant inputed 1500 and paid 150000 today. That's shortage of 148500.

They don't read the receipt?

Ryan03:
I get them alot cause I am directly opposite a market. Those market women can transfer money eh, and on the main market days, I go into the market to transact. No shame o boss, we are even up to four people doing it and thankfully, the market is big enough that your money will finish and you have to hurry to the bank again. I make up to 10k on market days and sometimes even 14k

Wow!!!! You have got a juicy location o.
I am happy for you.

jmoore:


They don't read the receipt?

Hmmmm!!! Same thing I told them.

Jimmyubah2:

OK. I am in Gombe.
HERE in the North, Hausa people have spoiled the business.
That transaction that u charge 1k to 1.5k, here some people do it for just 500 naira or less.

it's same here. But I don't care, you can kindly go to those places. They are doing theirselves cause at the end of the week, they can barely make 5k and they start complaining that the business is not productive. I am able to pay 15k weekly in my daily contribution. Its 500 daily but I pay one month in one week hence I pay 4months in just one month. That is aside my feeding and little little expenses. I usually pay myself that 60k monthly before adding the changes I left at home, sometimes up to 20k. I receive salary of 50k monthly from work, I pay the attendant 15k. So I still have enough for myself

Jimmyubah2:

Wow!!!! You have got a juicy location o.
I am happy for you.

thanks

Ryan03:
it's same here. But I don't care, you can kindly go to those places. They are doing theirselves cause at the end of the week, they can barely make 5k and they start complaining that the business is not productive. I am able to pay 15k weekly in my daily contribution. Its 500 daily but I pay one month in one week hence I pay 4months in just one month. That is aside my feeding and little little expenses. I usually pay myself that 60k monthly before adding the changes I left at home, sometimes up to 20k. I receive salary of 50k monthly from work, I pay the attendant 15k. So I still have enough for myself

That's cool bro.
The day you will mistakingly use moniepoint eh!!! U wouldn't want to use another terminal again.