How can I get POS in Nigeria?

How much is needed to open a POS in Nigeria?

However, the cost to start a pos business in Nigeria should be around ₦250,000 at least. If you intend to offer just one service (e.g withdrawal) ₦150,000 will do. Note that you’ll need some cash at hand to make the withdraws possible. Also, prices of starting are subject to change on your location.

How can I get free POS in Nigeria?

The best way to get a free POS machine in nigeria is to go through your banks. To get the POS machine from bank, create an account with the bank. If you have account with them already, good.


  1. Nice business location.
  2. Minimum of N50,000 in your access bank.
  3. A Valid ID card. …
  4. Utility (NEPA) bills.

How do I get a POS machine in Nigeria?

To get a POS machine from any bank, all you need is to have an account (preferably current or corporate account) with the bank. Some banks are even fine with you having just a savings account with them. Note, however, that there are now some other organizations issuing POS machines at a one-time fee.

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How much is POS charge in Nigeria?

The maximum total fee that a merchant shall be charged for any POS transaction shall be 1.25% of the transaction value subject to a maximum of N2, 000.00. Exceptions may apply in respect of travel and entertainment merchants including but not limited to hotels, restaurants, airlines, etc.

How do I get a Paycenter POS?

How to be a PayCentre Agent

  1. Agent Sign Up. It takes a few seconds to complete our sign up form here.
  2. Chat With Us. Our representatives will be in touch within 48 working hours.
  3. Get Trained. You will be trained extensively on what it takes to be a PayCentre Agent.
  4. Become an Agent. Start making money immediately.

Which POS is the best in Nigeria?

Best POS [machine] Agency In Nigeria 2021

  • here are the best POS with high commission rate in Nigeria.
  • Uba POS machine.
  • First monie POS machine.
  • Kudi POS machine.
  • OPay POS machine.
  • Moniepoint POS machine.
  • Flutterwave POS machine.
  • POS.

Where can I get free POS?

Comparison of 8 Free POS Systems

Imonggo Digital receipts, customer management, employee management, mobile access
Loyverse Digital receipts, inventory management, analytics, employee management, customer management, mobile access
Linga Digital receipts, analytics, employee management

How much does a POS machine cost?

Questions & Answers on POS Machine

Type Min Price Max Price
Automatic Rs 2360/Piece Rs 84000/Piece
Manual Rs 3000/Piece Rs 12500/Piece

How can I apply for GTB POS?

How To Get A GTBank POS Terminal

  1. Visit any GTBank branch nearest to you and meet a customer care staff.
  2. Request for a POS application form and agreement form.
  3. If your request form is approved, you will be informed to collect your POS.
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How do I get Firstmonie POS?

How To Become Firstmonie Agent

  1. Own an existing business with good patronage.
  2. A visible business location which is easily accessible.
  3. Minimum working capital of N50,000.
  4. Complete Agent registration form and execute agreement.
  5. Valid identification – Voter’s card, Driver’s License, International Passport, National ID card.

Which bank POS machine is best?

Now that you know the basics let’s move forward and discuss various card swiping machine providers online in India.

  • 1) Ezetap. …
  • 2) mPOS by ICICI Merchant Services. …
  • 3) HDFC Merchant Services. …
  • 7) SBI POS Terminals. …
  • 8) PayUmoney POS. …
  • 9) PayTM POS.

Is POS profitable?

POS business is a legitimate way to make money in Nigeria. It’s more profitable in communities with no banks and places where ATMs are not enough to serve the financial needs of the community. … It is a profitable business and one of the best means of getting passive income.

What is the cheapest POS system?

How to Choose a Better (and Cheaper) Point of Sale System for Your Small Business

  • Vend. Vend is one of the most popular and easiest POS solutions, used by retailers of all sizes to manage sales, customers, inventory and rewards. …
  • Square. Square is popular because the app is free and easy. …
  • QuickBooks. …
  • Revel. …
  • ShopKeep. …
  • Groupon.

How can I get ITEX POS?

How do I become an ITEX Agent

  1. Log on to to download the KYC Agent/Registration form or walk into any of our service centers to request for the KYC/Agent registration form.
  2. Fill the KYC forms/agent registration forms.
  3. Make payment to ITEX account for a POS Terminal.
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