Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,143,222 members, 7,780,420 topics. Date: Thursday, 28 March 2024 at 01:58 PM

Starting POS Business i need advice - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Starting POS Business i need advice (2079 Views)

Details On Starting POS Business / Is POS Business Profitable? / Business I Can Start With 400k In Lagos (2) (3) (4)

(1) (2) (Reply) (Go Down)

Starting POS Business i need advice by Refinedbeing(m): 12:24am On Jun 09, 2021
I'm trying to start POS business and i'll love to hear from people that are in this business or those that have in the past. I need advice on which of them is better, Opay, Quickteller paypoint, Paycentre, Paga, Firstmonie, Ecobank xpress point and others. What's the price of getting the POS and every other info.

1 Like

Re: Starting POS Business i need advice by Refinedbeing(m): 1:02pm On Jun 09, 2021
No one to advise me here?
Re: Starting POS Business i need advice by Refinedbeing(m): 2:11pm On Jun 09, 2021
Refinedbeing:
I'm trying to start POS business and i'll love to hear from people that are in this business or those that have in the past. I need advice on which of them is better, Opay, Quickteller paypoint, Paycentre, Paga, Firstmonie, Ecobank xpress point and others. What's the price of getting the POS and every other info.
Re: Starting POS Business i need advice by Hausa(m): 2:29pm On Jun 09, 2021
I currently leased the BaxiBox Credit card reader from a colleague for five months and I'm getting frustrated here.
5 people have withdrawn in the space of 5 days and while they got debited, the money never reflected on my card reader.

This is getting me frustrated as no normal machine is supposed to do this every now and then.
I don't even know what to do.

1 Like

Re: Starting POS Business i need advice by Refinedbeing(m): 2:42pm On Jun 09, 2021
Hausa:
I currently leased the BaxiBox Credit card reader from a colleague for five months and I'm getting frustrated here.
5 people have withdrawn in the space of 5 days and while they got debited, the money never reflected on my card reader.

This is getting me frustrated as no normal machine is supposed to do this every now and then.
I don't even know what to do.
Hmmm. Quite sad. Sorry about that. Why did you opt for Baxibox in the first place amongst all the trusted popular others? First time i'm hearing of Baxibox and this is one bad review. What's your next move now? Quitting Baxibox or the business?
Re: Starting POS Business i need advice by Refinedbeing(m): 2:43pm On Jun 09, 2021
richmond500:
Call on lalasticlala mynd44 and Dominique, if ur thread is worthy, they will help
Thanks bro.
Re: Starting POS Business i need advice by Hausa(m): 3:33pm On Jun 09, 2021
Refinedbeing:
Hmmm. Quite sad. Sorry about that. Why did you opt for Baxibox in the first place amongst all the trusted popular others? First time i'm hearing of Baxibox and this is one bad review. What's your next move now? Quitting Baxibox or the business?
Actually, I didn't opt for BaxiBox. My colleague doing the pos business had some issues and needed a quick bail out. He was going to give the machine to someone in Gombe when I weighed in and offered to give him 50k in a form of lease - for 5 months. He'd give me back the money after 5 months.

Because it's a school environment and we see each other everyday, I've given out 27k with the hope that once reversal is made to them, I'll get my money back. They haven't been reversed by their banks even after 24 hours and it's frustrating.

I'm now asking customers to do transfers only because I really cannot tell when the machine is going to fail me. This doesn't seem right given I encouraged the customers to come to me instead of going outside to stress themselves.
It's getting me frustrated.
The guy claims it's normal. But I very well know it isn't.
Re: Starting POS Business i need advice by Refinedbeing(m): 11:00am On Jun 10, 2021
Hausa:
Actually, I didn't opt for BaxiBox. My colleague doing the pos business had some issues and needed a quick bail out. He was going to give the machine to someone in Gombe when I weighed in and offered to give him 50k in a form of lease - for 5 months. He'd give me back the money after 5 months.

Because it's a school environment and we see each other everyday, I've given out 27k with the hope that once reversal is made to them, I'll get my money back. They haven't been reversed by their banks even after 24 hours and it's frustrating.

I'm now asking customers to do transfers only because I really cannot tell when the machine is going to fail me. This doesn't seem right given I encouraged the customers to come to me instead of going outside to stress themselves.
It's getting me frustrated.
The guy claims it's normal. But I very well know it isn't.
It can be frustrating for real. How much money did you start with aside what you gave for lease? I'm thinking Opay
Re: Starting POS Business i need advice by Hausa(m): 12:18am On Jun 11, 2021
Refinedbeing:
It can be frustrating for real. How much money did you start with aside what you gave for lease? I'm thinking Opay
Just like 40k.

Not a major business. Just side hustle.
What's Opay?
Re: Starting POS Business i need advice by Xray65: 7:53am On Jun 11, 2021
Refinedbeing:
I'm trying to start POS business and i'll love to hear from people that are in this business or those that have in the past. I need advice on which of them is better, Opay, Quickteller paypoint, Paycentre, Paga, Firstmonie, Ecobank xpress point and others. What's the price of getting the POS and every other info.

Hi. Good Morning. I'm also planning to start the same business and still confused as to which platform to choose. I've sent you a DM, please reply. Let's discuss.
Re: Starting POS Business i need advice by Ademat7(m): 10:53am On Jun 11, 2021
Refinedbeing:
I'm trying to start POS business and i'll love to hear from people that are in this business or those that have in the past. I need advice on which of them is better, Opay, Quickteller paypoint, Paycentre, Paga, Firstmonie, Ecobank xpress point and others. What's the price of getting the POS and every other info.
Paycenter is okay
Firstmonie require a process of tax registration cos it's like current account
Re: Starting POS Business i need advice by Refinedbeing(m): 9:56pm On Jun 26, 2021
Xray65:


Hi. Good Morning. I'm also planning to start the same business and still confused as to which platform to choose. I've sent you a DM, please reply. Let's discuss.
Learning here too bro.
Re: Starting POS Business i need advice by Refinedbeing(m): 9:57pm On Jun 26, 2021
Ademat7:

Paycenter is okay
Firstmonie require a process of tax registration cos it's like current account
Thanks.
Re: Starting POS Business i need advice by truvine(m): 4:13pm On Jun 27, 2021
Opay still the best in service and charges.
Go for OPAY
Re: Starting POS Business i need advice by biomi: 9:14pm On Jun 27, 2021
Moniepoint is the best for now[color=#000000][/color]

1 Like

Re: Starting POS Business i need advice by Refinedbeing(m): 5:33pm On Jul 20, 2021
biomi:
Moniepoint is the best for now[color=#000000][/color]
What is the charges and requirements like?
Re: Starting POS Business i need advice by jospepper(m): 6:35pm On Jul 20, 2021
ReadyCash is very good. Excellent network, no target, low charges and easy to get.
Re: Starting POS Business i need advice by infinixhot3(m): 6:52pm On Jul 20, 2021
Go for OPAY to avoid unnecessary debiting, fail transaction, etc.

OPAY is the best when it comes to charges. It's the cheapest.

OPAY customer service is very okay

Their terminal price are

Smart( Android POS ) 50k
Traditional ( Analogue or button POS) 35k
Mini MPOS ( calculate one) 8.5k


These are official price, price may be more that the stated above if you're getting it from an aggregator.


FYI, I'm in the business and I can joyfully tell you that the business is ok if you have a reasonable capital and a good location.
Re: Starting POS Business i need advice by akingold2: 7:27pm On Jul 20, 2021
Does opay set target
Re: Starting POS Business i need advice by infinixhot3(m): 10:13pm On Jul 20, 2021
akingold2:

Does opay set target

Yes OPAY set targets of continuous usage of their device.

4 days of no transactions, the terminal will be blocked until you carry out 5 different transaction worth 50k or more.


This policy recently employed because of some abandoned usage of their terminals

1 Like

Re: Starting POS Business i need advice by LordPherule(m): 8:20am On Jul 21, 2021
Refinedbeing:
I'm trying to start POS business and i'll love to hear from people that are in this business or those that have in the past. I need advice on which of them is better, Opay, Quickteller paypoint, Paycentre, Paga, Firstmonie, Ecobank xpress point and others. What's the price of getting the POS and every other info.

I will advice you to get 2 POS machines in case one fails. I suggest OPay and Paycentre (Pro: portable, con: no hard copy receipt), else get one you can afford or prefer.

A piece of advice for you: don't be too leap. There are fake alerts, and there are card theft. Be careful when/whom to take transfer from into your azza.

1 Like

Re: Starting POS Business i need advice by LordPherule(m): 8:23am On Jul 21, 2021
Don't forget I still buy funds and support with payment solution like Zelle, PayPal, eBay, and Payoneer funds at a sweet rate.
I redeem gift cards and e-code at first-hand rates as the foreign exchanger you give.

Tested and Trusted! Many transactions that many can vouch for me.

Re: Starting POS Business i need advice by Hausa(m): 9:21pm On Jul 21, 2021
LordPherule:


I will advice you to get 2 POS machines in case one fails. I suggest OPay and Paycentre (Pro: portable, con: no hard copy receipt), else get one you can afford or prefer.

A piece of advice for you: don't be too leap. There are fake alerts, and there are card theft. Be careful when/whom to take transfer from into your azza.
You said to be careful who to take alerts from. Kindly elucidate.

Thanks.
Re: Starting POS Business i need advice by akingold2: 3:33pm On Jul 22, 2021
Is it possible to carry out transactions after your terminal is blocked for non usage in order to reactivate it?
Re: Starting POS Business i need advice by truvine(m): 8:05am On Jul 23, 2021
akingold2:
Is it possible to carry out transactions after your terminal is blocked for non usage in order to reactivate it?
Yes, you can do POS withdrawals but you wouldn't be able to transfer the funds out.
The blockage is on Outward
Re: Starting POS Business i need advice by Olasty(f): 9:31am On Jul 23, 2021
Hausa:
Actually, I didn't opt for BaxiBox. My colleague doing the pos business had some issues and needed a quick bail out. He was going to give the machine to someone in Gombe when I weighed in and offered to give him 50k in a form of lease - for 5 months. He'd give me back the money after 5 months.

Because it's a school environment and we see each other everyday, I've given out 27k with the hope that once reversal is made to them, I'll get my money back. They haven't been reversed by their banks even after 24 hours and it's frustrating.

I'm now asking customers to do transfers only because I really cannot tell when the machine is going to fail me. This doesn't seem right given I encouraged the customers to come to me instead of going outside to stress themselves.
It's getting me frustrated.
The guy claims it's normal. But I very well know it isn't.

Baxipos is a Nigeria scamming business
They dealt with me no be small you better drop their pos before it plunge you in to great debt

Shalom
Re: Starting POS Business i need advice by Refinedbeing(m): 4:04am On Jul 24, 2021
Olasty:


Baxipos is a Nigeria scamming business
They dealt with me no be small you better drop their pos before it plunge you in to great debt

Shalom
How did they scam you?
Re: Starting POS Business i need advice by Hausa(m): 11:27am On Jul 24, 2021
Olasty:


Baxipos is a Nigeria scamming business
They dealt with me no be small you better drop their pos before it plunge you in to great debt

Shalom
Do you mind narrating your story?
Re: Starting POS Business i need advice by Naughtysex: 11:38am On Jul 24, 2021
infinixhot3:



FYI, I'm in the business and I can joyfully tell you that the business is ok if you have a reasonable capital and a good location.


Please like how much is reasonable for capital (after buying the POS machine)?
thank you
Re: Starting POS Business i need advice by infinixhot3(m): 12:05pm On Jul 24, 2021
Naughtysex:
Please like how much is reasonable for capital (after buying the POS machine)?
thank you

100k is okay.

You put 2
30k for your wallet for deposit and 70k cash for withdrawal.


As time goes on you grow from it.
Re: Starting POS Business i need advice by Naughtysex: 1:28pm On Jul 24, 2021
infinixhot3:

100k is okay.
You put 2 30k for your wallet for deposit and 70k cash for withdrawal.

As time goes on you grow from it.
Thanks bro

(1) (2) (Reply)

Custom Printed Resealable Bags To Order In Nigeria From VICTOR OSCAR COMPANY / Yuletide: Be Fire Safety Conscious, LASG Tells Market Men And Women / Ideas On How To Invest #1,000,000 Needed

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 39
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.