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Nairaland Forum / Nairaland / General / Business / POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? (30786 Views)
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Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by Nymeria247(m): 1:37pm On Jun 14, 2018 |
G8Arthur: The charge is not per transaction. The merchant is charged 0.75% for every transaction but the charge amount cannot exceed N1,200 per transaction. For instance if 0.75% of a purchased item = N5,000; the merchant would be charged N1,200. |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by Kapose: 2:14pm On Jun 14, 2018 |
gift01: Contact me, i will make POS available to you |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by Hardebayo(m): 2:50pm On Jun 14, 2018 |
My advise to anyone who wants POS for his or her business, kindly to to bank or become agent to one of mobile money companies like Paga e.t.c. Don't call anyone to arrange one for you so that you don't have to tell stories that touch the heart. 3 Likes 2 Shares |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by Hardebayo(m): 2:55pm On Jun 14, 2018 |
The easiest way to get POS is to have a business registered. This can be done under or at most 30k, with banks will easily get you POS. Though some banks give POS if you just have savings account with them, banks like WEMA, Unity bank. |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by BerryBlaster: 3:04pm On Jun 14, 2018 |
petsam11: The only reason why you are asked for a sales receipt is when your customer makes a charge back claim at his bank that he didnot receive value for the debit on your terminal. Discuss with your bank on alternatives. Your bank can be sending you mails for charge back claims and all you need to do is reply with the go ahead to debit or take a picture of the transaction receipt evidencing the transaction was succesful and send to your bank. The cost of a POS terminal is about 65,000. 1 Like 1 Share |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by kabtee(m): 3:04pm On Jun 14, 2018 |
petsam11: To start with, acquiring and deploying a POS terminal comes at a high cost to the any bank which necessitate the cost being passed to the merchant it's been deployed to. Although POS is freely deployed to the customers/merchants at the expense of the bank, but there are transaction fees which is charged per transaction. There are 4 major stakeholders in d POS business: the vendor, interswitch, the bank and the merchant (customer). The vendor is paid off (by the bank) for terminal acquisition and for maintenance; for every transaction, interswitch and the bank shares the transaction fee ranging from 0.2 - 0.75% of each transaction(there's a maximum regulatory cap per transaction tho); in an instance when u use a different bank's card on a different bank's terminal, each of the bank also gets to share out of the transaction fee. However, you can always negotiate with your bank to as low as 0.25%, where ur own bank is ready to sacrifice transaction fees for ur deposit volume...based on a justifiable cost-benefit analysis. As regards, the weekly reconciliation....I do advise people to always find out who their account officers are and have their contacts. This way u save ursef a lot of stress... Banks send automatic daily POS statement on your request at zero cost to the merchant. Customer service in banks is all dependent on relationships. 1 Like |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by BerryBlaster: 3:07pm On Jun 14, 2018 |
lilfreezy: 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 |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by javalady(f): 4:06pm On Jun 14, 2018 |
TroubleMaker47: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. 1 Like |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by javalady(f): 4:07pm On Jun 14, 2018 |
BerryBlaster:
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Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by aguiyi2: 4:12pm On Jun 14, 2018 |
TroubleMaker47:Lie from hells pit. |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by javalady(f): 4:15pm On Jun 14, 2018 |
aguiyi2:Better lie. Check the last post before yours, I uploaded today's POS sales. Some people just sabi lie. 1 Like |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by yakson123: 4:19pm On Jun 14, 2018 |
am a banker i work with one of the best in terms of payment and other financial transactions firstly i will tell you the truth is a nice business if you have the best channel i can guarantee you of a free pos and our other payment platforms ours is called HACKMAN PAY you can download it from play store we places premium on our esteemed agents network. this is reflected not only in agents relationship and complaints management, but more importantly in the commission structure. hackmanpay realizes the important of boosting agents productivity via returns on business, and goes further to implement a sharing structure that benefits agents even more for more information call me on 08139750651 for more info |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by TroubleMaker47(m): 5:22pm On Jun 14, 2018 |
javalady: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! |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by murphyonline(m): 5:53pm On Jun 14, 2018 |
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.
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Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by luvablesam(m): 7:45pm On Jun 14, 2018 |
What are the requirements to be an agent with heritage bank? |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by javalady(f): 8:13pm On Jun 14, 2018 |
TroubleMaker47:Oh, okay. |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by emeijeh(m): 8:22pm On Jun 14, 2018 |
Agentone1: How much for this special POS? |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by unearthed(m): 9:11pm On Jun 14, 2018 |
Howdy people.... If you are in benin and interested in Agency banking or POS acquisition with First Bank contact me on 07032506698. |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by dotun365: 10:15pm On Jun 14, 2018 |
gift01:You can't really blame them for the thorough KYC requirments. we've heard of one chance guys with POS machines lately 1 Like |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by mikeeze(m): 10:20pm On Jun 14, 2018 |
murphyonline:pls sir, how do i go about this.. I'm really interested in this.could i reach you via whatsapp or email |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by mikeeze(m): 10:22pm On Jun 14, 2018 |
idris4eva:pls how do I go about it . I Really need info on this,pls could you drop your contact or email? |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by Sochimaobim(m): 11:25pm On Jun 14, 2018 |
babane2016: Sterling Bank |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by lekanjeremiah(m): 11:42pm On Jun 14, 2018 |
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..... |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by justjentle(m): 12:07am On Jun 15, 2018 |
Contact unified payment. Pos is free of charge |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by LaudableXX: 12:50am On Jun 15, 2018 |
TroubleMaker47:Car dealers, hypermarkets that sell high-end electronic items, dealers in construction equipment & building materials etc. 4 Likes 1 Share |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by Nobody: 4:11am On Jun 15, 2018 |
gift01:Na Elephant bank worse pass You know wetin then talk? Dem say make I bring Company registration letter from CAC, TAX, Concept from Pastor & Imam, Concept from community leader, two guarantors with Current account and so on |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by Agentone1: 6:28am On Jun 15, 2018 |
emeijeh:Thank you for your interest, Kindly send a mail to support@agentone.ng |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by LaudableXX: 9:39am On Jun 15, 2018 |
lekanjeremiah:What about after-sales support/service & upgrades for the POS device? Who provides it? 3 Likes |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by LaudableXX: 9:40am On Jun 15, 2018 |
justjentle:Unified payment is known for all sorts of hidden charges. 1 Like 1 Share |
Re: POS For Business: How Stringent Is Your Bank's Conditions? How Else To Get POS? by Felimore: 10:29am On Jun 15, 2018 |
mikeeze:Please, I'm interested in ds Heritage Bank POS How do I go about it? Thanks |
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