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Is POS Business Profitable? - Business (2) - Nairaland

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Is POS Business Worth It? My Opinion / Is Gas Business Profitable / Is Data Reselling Business Profitable? Answered In Detailed (2) (3) (4)

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Re: Is POS Business Profitable? by Talkwisdom(m): 10:48am On Apr 11, 2019
Countersam:


Please how do I start thia business, what are the requirements. I have the traffic already
if you are in Enugu, Ebonyi and Anambra ,send me pm,I configure POS for banks

1 Like

Re: Is POS Business Profitable? by uuzba(m): 10:51am On Apr 11, 2019
TechCapon:
It's ...

He would have arrested her if not that I asked him to forgive her, the girl is too beautiful to face that kind of public embarrassment but he finally sacked her

....and she went with the N100,000?

And if it was one UGLY MAN, you would have all gathered to burn him with tire?

Everybody will face God's judgment

23 Likes 1 Share

Re: Is POS Business Profitable? by Lotel: 10:51am On Apr 11, 2019
TechCapon:
It's very profitable. I mean very profitable. A friend of mine opened up a POS cash withdrawal point in a rural community where there's no bank. Before he came to the community, the people always travel long distance to the town just to withdraw but his services eliminated the stress and risk.
His services also saved them money. Today he has 4 different branches and is planning to convert them into a microfinance bank.
The guy is rolling in money but the risk is too much because he's always moving around with huge amounts of physical cash and no security.
He has over 10 girls working for him as cashiers, he just sleeps at home and watch credit alert and debit alerts busting into his phone grin

One of his sales girls stole 100k cash from him and it took him 3 weeks to discover it, that's to tell you he has too much money grin

He would have arrested her if not that I asked him to forgive her, the girl is too beautiful to face that kind of public embarrassment but he finally sacked her
You talk too much

10 Likes

Re: Is POS Business Profitable? by qanda: 10:52am On Apr 11, 2019
Sure it is
Re: Is POS Business Profitable? by TechCapon(m): 10:54am On Apr 11, 2019
uuzba:


....and she went with the N100,000?

And if it was one UGLY MAN, you would have all gathered to burn him with tire?

Everybody will face God's judgment
I probably would have begged on his behalf
Re: Is POS Business Profitable? by ajumma(m): 10:56am On Apr 11, 2019
bajeen:
Some people get 'leg' for this NL o. Lol

How,pls educate us
Re: Is POS Business Profitable? by umbo: 10:58am On Apr 11, 2019
Ok
Re: Is POS Business Profitable? by centboy123456(m): 10:58am On Apr 11, 2019
TechCapon:
It's very profitable. I mean very profitable. A friend of mine opened up a POS cash withdrawal point in a rural community where there's no bank. Before he came to the community, the people always travel long distance to the town just to withdraw but his services eliminated the stress and risk.
His services also saved them money. Today he has 4 different branches and is planning to convert them into a microfinance bank.
The guy is rolling in money but the risk is too much because he's always moving around with huge amounts of physical cash and no security.
He has over 10 girls working for him as cashiers, he just sleeps at home and watch credit alert and debit alerts busting into his phone grin

One of his sales girls stole 100k cash from him and it took him 3 weeks to discover it, that's to tell you he has too much money grin

He would have arrested her if not that I asked him to forgive her, the girl is too beautiful to face that kind of public embarrassment but he finally sacked her

If you want to make good profit just move away from the city and open it in a community that has no banking services, pay policemen that will be patrolling the area with their hilux and you're good to go. I'm telling you from experience


but if it a guy now u will tell him to arrested him so because she is beautiful u told him not to arrest her guy it not fair at all or be like say u dry F/uck that girl

2 Likes 1 Share

Re: Is POS Business Profitable? by Valindazz(m): 10:59am On Apr 11, 2019
I have a shop currently where I’m doing it and other services. I can say it’s profitable. I make close to 20k weekly

13 Likes 1 Share

Re: Is POS Business Profitable? by heykaino: 10:59am On Apr 11, 2019
It's a profitable venture for now. A friend got sacked from his paid employment, he ventured into POS business. On the average daily, he makes 5k. He is in a rural community with relatively high population and far from where banks are located. Though like every business, it has it own risks.

5 Likes

Re: Is POS Business Profitable? by centboy123456(m): 10:59am On Apr 11, 2019
shedgoz:
Yes it is. I've been in the business for over 5 years


how is d business I will love to start
Re: Is POS Business Profitable? by ppogba: 11:01am On Apr 11, 2019
AntiZombie:



and who told you money market business and Bonds are for poor people

the financial advise on NL at times is a joke


What do you expect? When it it not about Tonto Dike and Regina Daniels.

To even advice anyone to dabble into NSE now is a no no.
Re: Is POS Business Profitable? by Valindazz(m): 11:01am On Apr 11, 2019
Not really, it’s my business here in enugu and it’s profitable. I make more than 20k weekly from it and i added nepa payment and other things too.
Donphykson:
I think its profitable depending on location..if u have atleast 20 people a day its okay..

1 Like

Re: Is POS Business Profitable? by MISTAICEY02288(m): 11:01am On Apr 11, 2019
Valindazz:
I have a shop currently where I’m doing it and other services. I can say it’s profitable. I make close to 20k weekly

Bro please can you enlighten me on how to start it please...
Re: Is POS Business Profitable? by centboy123456(m): 11:03am On Apr 11, 2019
Valindazz:
I have a shop currently where I’m doing it and other services. I can say it’s profitable. I make close to 20k weekly


how much will I use to start up
Re: Is POS Business Profitable? by Nobody: 11:04am On Apr 11, 2019
anybody that is planning to start pos business can reach me on 09070314423

3 Likes

Re: Is POS Business Profitable? by Nobody: 11:06am On Apr 11, 2019
Buy a POS machine instead. Don't waste time waiting for the bank. 60k in less than 2 weeks.

3 Likes

Re: Is POS Business Profitable? by Valindazz(m): 11:07am On Apr 11, 2019
Bank charges 7.50 naira on every 1k so when someone comes to withdraw 1000, i charge them 100naira so so you minus the 7.50 from 100, the rest is your gain. Then, add nepa payment to it and cable subscription. Bank give out pos free but it have to have someone to help you fasten up the process. Then also, you need money in your account for deposit too. When someone comes to deposit 10k to another account, i charge 150, then normally bank charges for transfer frm cbn is 52naira which you know, the rest is your gain. My first trail, i made 31k that week and i was like wow.
MISTAICEY02288:


Bro please can you enlighten me on how to start it please...

15 Likes

Re: Is POS Business Profitable? by Valindazz(m): 11:09am On Apr 11, 2019
Any amount, but 100k in your account will be a good start and 50k cash. You will be having turn up daily.
centboy123456:



how much will I use to start up

5 Likes

Re: Is POS Business Profitable? by SouthSouth1914: 11:10am On Apr 11, 2019
AntiZombie:



and who told you money market business and Bonds are for poor people

the financial advise on NL at times is a joke

Funny you are quick to jump into conclusion. My comments do not in any discourage anyone going into POS business! Please read carefully and be guided. Cheers
Re: Is POS Business Profitable? by kidap: 11:11am On Apr 11, 2019
Get more info on Servpoint.net

1 Like

Re: Is POS Business Profitable? by MISTAICEY02288(m): 11:12am On Apr 11, 2019
Valindazz:
Bank charges 7.50 naira on every 1k so when someone comes to withdraw 1000, i charge them 100naira so so you minus the 7.50 from 100, the rest is your gain. Then, add nepa payment to it and cable subscription. Bank give out pos free but it have to have someone to help you fasten up the process. Then also, you need money in your account for deposit too. When someone comes to deposit 10k to another account, i charge 150, then normally bank charges for transfer frm cbn is 52naira which you know, the rest is your gain. My first trail, i made 31k that week and i was like wow.

Hmmm thanks for the insight bro. I really appreciate... But please can you gimme an estimate on how much at least i can start this business with... Forget about the cost of shop, i can sort that out easily... Just the capital for the business alone.. Thanks
Re: Is POS Business Profitable? by Countersam(m): 11:13am On Apr 11, 2019
Talkwisdom:

if you are in Enugu, Ebonyi and Anambra ,send me pm,I configure POS for banks
Am outside naija, Lagos is closest
Re: Is POS Business Profitable? by Obatise: 11:15am On Apr 11, 2019
MISTAICEY02288:


Hmmm thanks for the insight bro. I really appreciate... But please can you gimme an estimate on how much at least i can start this business with... Forget about the cost of shop, i can sort that out easily... Just the capital for the business alone.. Thanks

100 to 150K will be good

3 Likes

Re: Is POS Business Profitable? by Acidosis(m): 11:16am On Apr 11, 2019
I think it is profitable but ensure you have an exit strategy. Businesses like that thrive on very low skill sets and have higher chances of drowning. Such businesses attract people who are in to make money and cash out real quick, like they did to ankara business, makeup, recharge card, etc. As soon as you start seeing free seminars every Saturday at all corners of the country, please run, your business don cast.

To survive and thrive for long, you need either a capital intensive business or a knowledge intensive business. Both rarely attract people.

When/if you don't have an alternate idea, then stay innovative. Your biggest customers for instance are the illiterates in the society. Think of how to impress them, and find a way to make that transaction seamless and simple. A sales girl once offered to pick my beans after I had purchased some quantity in her shop. That's innovation! By doing more, you can stay longer and earn more.

34 Likes 4 Shares

Re: Is POS Business Profitable? by missyojo(f): 11:17am On Apr 11, 2019
Valindazz:
Bank charges 7.50 naira on every 1k so when someone comes to withdraw 1000, i charge them 100naira so so you minus the 7.50 from 100, the rest is your gain. Then, add nepa payment to it and cable subscription. Bank give out pos free but it have to have someone to help you fasten up the process. Then also, you need money in your account for deposit too. When someone comes to deposit 10k to another account, i charge 150, then normally bank charges for transfer frm cbn is 52naira which you know, the rest is your gain. My first trail, i made 31k that week and i was like wow.

Good morning Sir, please what are the requirements needed to start a pos business. Like how do one get the machine and how much must one have in a bank account to start with. Your response would be highly appreciated.

1 Like

Re: Is POS Business Profitable? by MISTAICEY02288(m): 11:22am On Apr 11, 2019
Obatise:


100 to 150K will be good

Oh okay bro. Thanks.. God bless
Re: Is POS Business Profitable? by ndako89: 11:23am On Apr 11, 2019
Valindazz:
Bank charges 7.50 naira on every 1k so when someone comes to withdraw 1000, i charge them 100naira so so you minus the 7.50 from 100, the rest is your gain. Then, add nepa payment to it and cable subscription. Bank give out pos free but it have to have someone to help you fasten up the process. Then also, you need money in your account for deposit too. When someone comes to deposit 10k to another account, i charge 150, then normally bank charges for transfer frm cbn is 52naira which you know, the rest is your gain. My first trail, i made 31k that week and i was like wow.
you get brain.infact you get brain.no be all this nonsense explanation wey others dey give above me.

6 Likes 1 Share

Re: Is POS Business Profitable? by MISTAICEY02288(m): 11:23am On Apr 11, 2019
Obatise:


100 to 150K will be good

Oh okay. Thanks and God bless you smiley
Re: Is POS Business Profitable? by logan2(m): 11:24am On Apr 11, 2019
highly saturated right now ,i dont recommend it for any serious bussiness person

1 Like

Re: Is POS Business Profitable? by addizzle(f): 11:34am On Apr 11, 2019
holina:
Very profitable, but almost everyone w doing it. who will patronize who when everyone has it
my dear dats not d spirit of a business person...D sky is too large for 1bird oo...we can be thousands selling a particular product n sure we all can still make it...u can't he d only person selling a particular thing na...bliv me ones others seeing u progressing in dat line boom dy will also av 1.so will u ask them not to?

1 Like

Re: Is POS Business Profitable? by Valindazz(m): 11:35am On Apr 11, 2019
Go to your bank and they fill a form. Everything is free there try and get your acct officers no and use call and finish en life so they will process it and deliver it to you within 2weeks. You don’t need any money to start it. Just have a reason amount you can use and be transacting. If you start with 50k, that means that you will not let anyone come and withdraw more than 50k na.
missyojo:


Good morning Sir, please what are the requirements needed to start a pos business. Like how do one get the machine and how much must one have in a bank account to start with. Your response would be highly appreciated.

6 Likes 1 Share

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