G8Arthur:

Sorry is this charge per transaction?

gift01:
Finally what I've been waiting for. Stanbic told me to bring loads of documents like company registration, tax receipt and so on. Just left them for good and I need it so badly

petsam11:


I created this topic because I want to know. Because one of the banks that I applied to, for the POS said it is free of charge but that they will continue to deduct 0.75% for each/every transaction and so many other things.
But while going through the whole terms and conditions, it appeared too stringent and annoying. E come be like Greek gift...

One other conditions that I find very annoying and stressful is the one of coming every week to the bank to submit payment/sales slips that was done via the POS... Like how can I be doing that every week when one of the major reasons of me wanting to get this POS is to cut my movement in and out of the bank?
Again, why should they always be requesting for a payment slip every week when every transaction made with the POS must reflect in their system? Or are they trying to tell me that the POS machine is a manual/ledger stuff? Cos I don't understand. Or that the POS is always prone to malfunction which they still disclaimed that they will have nothing to do with it if it happens?
That's why I am here to get more information as regards everything that concerns POS. And to know if I can acquire it outside a bank and how much it may cost...
Pls bankers and ppl that know about the POS machine should please inform me better.
Thanks!

petsam11:
Please, for those using POS in their businesses, how do you cope with the bank's stringent conditions of exempting themselves from any form of problem or penalty that might arise while using the POS machine, but push the goal post and always kick the ball to the customer who needs the POS?

Do you always go to the bank every week to submit your payment/sales slips? Which I think is very annoying and "blood-sucking".

What other stressful and stringent conditions do you find annoying and tiring about/with the bank?

Which bank has very good customer friendly conditions when it comes to POS machine?

Again, are there other ways to get POS machines (cheaper) rather than from the bank, that won't require you going to the bank every week for submission of your sales slips and other stressful conditions?

lilfreezy:
0.75% you say so if I make let's say 20million, the bank will get 150k. Mehn that's too much. Nawa o. After I pay tax, pay rent, pay electricity bills for the business and buy fuel for lack of power.

Running a business is this country is frustrating

TroubleMaker47:

Who makes POS sales of over 2million?
By the way POS has a max cap of 2k on commission,
Ie whether u recieve payment of 1million or 2 million or even 10milllion, the bank gets a flat commission of 2k

BerryBlaster:


There is actually a cap charge of 2000 naira. Your bank cannot charge you more than 2k per transaction. And the POS limit is 3million daily

TroubleMaker47:

Who makes POS sales of over 2million?
By the way POS has a max cap of 2k on commission,
Ie whether u recieve payment of 1million or 2 million or even 10milllion, the bank gets a flat commission of 2k

aguiyi2:
Lie from hells pit.

javalady:
I make more than 20m POS sales in a month so what are you saying.

I took a pic of today's sales but I'm unable to uplaod it here.

TroubleMaker47:

I said in a single transaction!
Like a single customer comes and purchase of over 2million den pay via POS.
Most times customers prefer to do a transfer!

Agentone1:
You can easily get POS ...

Very cute Android POS devices with fingerprints, Camera, Iris scanners, RFID reader, bar code scanners,fix or swipe card, interface with color screen and can host multiple applications etc...

Mail: support@agentone.ng if interested

gift01:
Finally what I've been waiting for. Stanbic told me to bring loads of documents like company registration, tax receipt and so on. Just left them for good and I need it so badly

murphyonline:
Am an agent banking operator with heritage bank and there service has been awesome to me because av been using it for the past 1 yr. Heritage Bank charge a flat rate of #50 on every transaction irrespective of the amount and they also give u a branded well secure qiosk built like atm for ur busniess purpose. I think heritage is d best.

idris4eva:
I'm a registered paga agent and I got my pos for 85k with 10wraps of paper roll (gtb) but it was link to the paga account

And they are charging 1% on every transaction like if a customer withdraw 5k they deduct 50 and I charge #200 that's still cool at least you still have a #150 gain

babane2016:
Please which bank supplied yours

TroubleMaker47:
Who makes POS sales of over 2million?
By the way POS has a max cap of 2k on commission,
Ie whether u recieve payment of 1million or 2 million or even 10milllion, the bank gets a flat commission of 2k

gift01:
Finally what I've been waiting for. Stanbic told me to bring loads of documents like company registration, tax receipt and so on. Just left them for good and I need it so badly

emeijeh:


How much for this special POS?

lekanjeremiah:
Just go for Citiserve limited pos terminal which cost 50k.... Which will be link to your own prefer bank account........ If needed kindly call me on this number for verification 07066213135 - Ayo Citiserve limited.....

justjentle:
Contact unified payment. Pos is free of charge

mikeeze:
pls sir, how do i go about this.. I'm really interested in this.could i reach you via whatsapp or email