₦airaland Forum

tuzle:
with the competition around the money they make isn't that much except u are in a open place. Some don't make up to 10k profit in a month.

Anyone running the business without making 10k in a month should consider another business.

SmartyPants:
That is if you're using an agent. If you do your business registration on your own what CAC charges is 10k.

Oh. I see. Thanks

Chizy12345:
banks are selling the cash to pos agents and they are no more loading cash at the atm machines like before. all these things will now reduce. how can you use money and buy your own money in your country. they want to return cash back to atm machines

This is absolutely not correct. I'm a POS agent and I can tell you boldly that, banks don't borrow agents money unless the agents that have the particular bank's POS machine and it will take months before the agent gets the opportunity.

kenn4rill:
Always looking for any available means of frustrating businesses, even the least POS business sef Dem done dey put eyes. Very wicked government

What's wrong if they register their business?

I am tired of this government, the ordinary citizens are in real trouble

codemaster2much:
but why now, this is one of the business young people can venture into with little constraints,

And what's wrong if they register their business?

Inspirer1:
how?
Hope it's not about their #100 charges.
Instead of paying #500 to transport myself to and from a bank to withdraw money, is it not better that I stroll to a nearby pos operator to withdraw and part with #100?

It's an anomaly.
we should normalize cashless transactions and increase ATMs in strategic areas and mandate banks to load regularly.
All these started from 20k daily maximum ATM withdrawal.
For example, I usually withdraw 100k once for my monthly cash run arounds but now one have to go to bank 5 times.

johnjay4u2u:
It's an anomaly.
we should normalize cashless transactions and increase ATMs in strategic areas and mandate banks to load regularly.
All these started from 20k daily maximum ATM withdrawal.
For example, I usually withdraw 100k once for my monthly cash run arounds but now one have to go to bank 5 times.

so how's this the fault of POS agents that made you to call them parasites.

Valwezzy:
Hmmm

What's the fate of those roadside POS kiosk or those shops that just combine the POS biz with their main business, and don't make up to 1k per day?

How they wan take see money to register?

My brother, once you understand APC ideology and what it stands for... there is NOTHING they will dishout that will surprise you again. None. Absolutely NONE!

kenn4rill:
Always looking for any available means of frustrating businesses, even the least POS business sef Dem done dey put eyes. Very wicked government

The idiots don't even know the primary uses of a pos machine so businesses that don't dispense cash to people but use the pos machines to receive payments for goods and services will now go to CAC to register the machine as a totally different business?

BEAT THE CBN REGISTRATION DEADLINE

With the recent directive from the CBN mandating POS operators to register with CAC on or before 7th July, we have decided to support POS operators who do not yet have their business registered with a 25% discount on our registration service.

This is our own way of saying “ we see you and we understand the upheaval which the timeline involved may cause and we are willing to make compliance easy for as many businesses as possible”.

Take advantage of our offer today and if you know anyone who needs this, kindly share this post with them.

Contact us on any of the numbers listed on the flyer.

kenn4rill:
Always looking for any available means of frustrating businesses, even the least POS business sef Dem done dey put eyes. Very wicked government

You’re not thinking about it critically.

POS is the most common way for fraudsters and cybercriminals to steal money.
If Police wants to extort, they take you to POS.
When WhatsApp hackers want to steal, they send you untraceable POS account details.


If POS businesses register, it strips them of invisibility and reduces their role in fraud commission.

Dear POS Operator,

Staying compliant with regulations is vital for the smooth operation of your business.

Contact us at 0906 027 8910 to register your business today.

My brother, I'm just looking at some people comments here and I wonder the kind of reasoning some of us have.
A lot of people using the POS machine use as a means of receiving cash for there businesses and I wonder after somebody going to the bank, eg, First Bank to get a POS for there business and still going to the CAC just to register the same machine just for them to still start tasking for just one single POS.
My brother, APC done finish our youths for this country because a lot of us have sold our brains and can't just think for ourselves.

Mrexcell:
The idiots don't even know the primary uses of a pos machine so businesses that don't dispense cash to people but use the pos machines to receive payments for goods and services will now go to CAC to register the machine as a totally different business?

Can one combine a POS business and clothing service a single CAC registration?