POS Operators Increase Charges For Withdrawal, Deposit - Business

POS Operators Increase Charges For Withdrawal, Deposit - Business - Nairaland

Nairaland Forum › Nairaland General › Business › POS Operators Increase Charges For Withdrawal, Deposit (66552 Views)

POS Operators Increase Charges For Withdrawal, Deposit by Islie(op): 8:34pm On Jun 28, 2023

Point of Sales (POS) operators, under the aegis of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), Lagos state chapter, have increased charges for deposit and withdrawal.

With the new directive, Nigerians who want to deposit the sum of N1,000 and N4,900 will now have to pay service charge of N100; N5,000 and N10,900 will attract a service charge of N200; N11,000 and N20,900 will attract a service charge of N300; N21,000 and N30,900 will attract service fee of N400; N31,000 and N40,900 will attract service charge of N500 and from N41,000 to N50,000 will attract a service charge of N600.

For withdrawals up to N1,000 and N2,400, Nigerians are expected to pay a service charge of N100; withdrawal from N2,500 to N4,000 will incur a service charge of N200; withdrawal from N4,100 to N6,400, will incur a service fee N300; withdrawal from N6,100 to N7,400 will now attract a service charge of N400; withdrawal from N7,500 to N10,900 will incur a service charge of N500; withdrawal from N11,000 to N14,400, will attract a service charge of N600; withdrawal from N14,500 to N17,900 will be subject to a service charge of N700 and withdrawal from N18,000 to N20,000 will now attract a service charge of N800.

The new price list was unveiled at the 4th Annual AMMBAN Lagos Symposium themed “the impact of cashless policy on mobile money & agency banking.

The chairman of the AMMBAN, Lagos state chapter, Abiodun David disclosed that the new price was agreed upon by the Association in an effort to reduce extortion by POS agents on the general people and is also a reflection of the current economic climate in the nation.

While POS agents may go lower the price list depending on their region, David clarified that they are not permitted to go above the pricing list.

https://leadership.ng/pos-operators-increase-charges-for-withdrawal-deposit/

6 Likes 6 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by Candidlady: 8:34pm On Jun 28, 2023

The difference ain't that much compared to when we had cash scarcity

88 Likes 7 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by God1000(m): 8:36pm On Jun 28, 2023

We don't like each other in this country

Nigerians should desist from this act of
schadenfreude and profiteering

298 Likes 18 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by RESHARPENED: 8:42pm On Jun 28, 2023

God1000:
We don't like each other in this country

Nigerians are very eager to make life difficult for each other.

297 Likes 16 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by God1000(m): 8:44pm On Jun 28, 2023

RESHARPENED:
Nigerians are very eager to make life difficult for each other.

you are right, our people are wicked

191 Likes 9 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by Eagle360(m): 10:00pm On Jun 28, 2023

Renewed shege grin

148 Likes 12 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by oka4ugoo: 10:00pm On Jun 28, 2023*

Na from next month we go begin to feel the effect of subsidy removal.

By August everybody go turn snake. If no swallow a fellow snake you no go big. Na aggressive hustling, no pity, no mercy.

By then many go gree to collect than to allow armed robbers obtain from them their hustle.

47 Likes 3 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by Omooyinbo: 10:00pm On Jun 28, 2023

Haa

Re: POS Operators Increase Charges For Withdrawal, Deposit by YoungLionken(m): 10:01pm On Jun 28, 2023

Well, it's no longer news that the Nigerian government are not the only ones that are criminally minded and insensitive to the plight of others..

Nigerians only complain when it doesn't favour them..

PS: What's wrong with this guy below, why would you be happy that people are suffering, are you a witch, how much do you have that's making you feel you can't go broke or suffer later ?? Majority of Nigerians tried their best during the election, but BAT stole the mandate, are they supposed to die with it??

Cut the youths some slack, please!!!

44 Likes 5 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by slawomir: 10:01pm On Jun 28, 2023*

Damnnn niggarrrr
Hahah
So protest never still hit streets

The hardship is making me excited
Where are all those it will favor me and my family
Hahhaha
Una go suffer
Make we continue to dey play politics of tribalism
Una go suffer

Electricity tariff on the high....Tertiary institution fee on the high....Price of fuel on the high.....114 percent increase in the salary of elected politicians waiting to be approved by tinubu....Guess what POC every year have been introduced right about now....poc is proof of car ownership certificate of 1000 naira every year
Now pos charges on the increase

To the niggarrrr comments above...why should I pity anyone..a South African friend told me before the election that if tinubu get up to 50k votes he mean say we Nigerian youth don fuckkk up and we nor know ourselves

219 Likes 25 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by gift01: 10:01pm On Jun 28, 2023

After the reversal of the cashless wahala; the pos operators reverted back to status quo but they were not happy with what they were making. So this was inevitable

27 Likes 3 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by Nazgul: 10:01pm On Jun 28, 2023

RESHARPENED:
Nigerians are very eager to make life difficult for each other.

Don't blame them. So many of them have staffs they pay, and the ones that run it by themselves, have the ever rising inflation to deal with.

Even landlords are increasing their rents...

82 Likes 4 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by samsegs(m): 10:01pm On Jun 28, 2023

Normal naau....

2 Likes 1 Share

Re: POS Operators Increase Charges For Withdrawal, Deposit by 9182736455O1999(m): 10:02pm On Jun 28, 2023

Na fuel scarcity cause this one too? undecided

7 Likes 1 Share

Re: POS Operators Increase Charges For Withdrawal, Deposit by jaxxy(m): 10:02pm On Jun 28, 2023

Everybody dey vex

Re: POS Operators Increase Charges For Withdrawal, Deposit by EdiskyHarry: 10:02pm On Jun 28, 2023*

With the increment in fuel price expect everything to go up as well.

8 Likes 4 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by millionboi2: 10:02pm On Jun 28, 2023

Small small e go reach every sector

8 Likes 2 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by LofP(m): 10:02pm On Jun 28, 2023

Bank ATMs are close to me. I'd rather go to an ATM.

70 Likes 2 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by BabaCommander: 10:02pm On Jun 28, 2023

@Falseprophet should please, come and tell us to increase the price of seeds and offerings in the church. cheesy

10 Likes

Re: POS Operators Increase Charges For Withdrawal, Deposit by fadsam: 10:03pm On Jun 28, 2023

Pos Agents don get association too?...wonder shall never end

41 Likes 3 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by inoki247: 10:03pm On Jun 28, 2023

Lol Lagos chapter...

So POS people get association...

22 Likes 1 Share

Re: POS Operators Increase Charges For Withdrawal, Deposit by millionboi2: 10:03pm On Jun 28, 2023

I go use ATM na

14 Likes 2 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by Aduke96: 10:03pm On Jun 28, 2023

This is a very crucial moment for every citizen of Nigerians, Traders desist from adding to our burdens.
it is well!

3 Likes 2 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by Nobody: 10:03pm On Jun 28, 2023

slawomir:
Damnnn niggarrrr

Hahah

So protest never still hit streets

The hardship is making me excited

Your leg press pause? Enter street naw.

25 Likes 2 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by YousefNiyi: 10:04pm On Jun 28, 2023

It's still too expensive

3 Likes

Re: POS Operators Increase Charges For Withdrawal, Deposit by Unclefemolala(m): 10:04pm On Jun 28, 2023

Clowns, left to me they'll be out of business . I've never used them before I pay with my card at stores or make transfers if i have no cash

25 Likes 1 Share

Re: POS Operators Increase Charges For Withdrawal, Deposit by Stevenson20: 10:04pm On Jun 28, 2023

Fasten your seat belts guys, from frying pan to fire 🔥

This season film go sweet die.

This government go favour me and my family grin

28 Likes 2 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by Confirm4real(m): 10:04pm On Jun 28, 2023

E remain Oloshos to adjust their prices under Tinubu grin

13 Likes 1 Share

Re: POS Operators Increase Charges For Withdrawal, Deposit by fitinwell: 10:05pm On Jun 28, 2023

Islie:
https://leadership.ng/pos-operators-increase-charges-for-withdrawal-deposit/

Oya nah

Re: POS Operators Increase Charges For Withdrawal, Deposit by AlabiKILLER2021(m): 10:05pm On Jun 28, 2023

slawomir:
Damnnn niggarrrr

Hahah

So protest never still hit streets

The hardship is making me excited

Coward

Lead and we will follow you

10 Likes

Re: POS Operators Increase Charges For Withdrawal, Deposit by Angelfrost(m): 10:05pm On Jun 28, 2023

Back to queuing up in Banks...!

The poor and average earners just can't catch a break!

4 Likes 2 Shares

Re: POS Operators Increase Charges For Withdrawal, Deposit by uuzba(m): 10:05pm On Jun 28, 2023

The one they did us in Feb/March is still paining their body.
They've come back for revenge.

7 Likes 1 Share

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