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.

How can I get free POS machine in Nigeria?

Access Bank offer free POS terminal to anybody that meet up with their requirements. If you are access bank user, you can get it free of charge. The terminal is one of the most secure and free POS machine in nigeria. You have to visit any nearest branch of Access Bank to collect POS documents.

How much does it cost to start a POS business 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.

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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 much is the cost of POS machine?

Questions & Answers on POS Machine

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

Which POS is the best in Nigeria?

And they are the top and best of POS provider in nigeria.

OPay POS Machine.

  • NEPA bills.
  • DStv Subscription.
  • GOtv Subscription.
  • Betting Account deposit.

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.

What is the most profitable business in Nigeria?

1 Top Lucrative Business Ideas in Nigeria To Start In 2021.

  • 1.1 1. Real Estate Business.
  • 1.2 2. Cake and Cupcake Bakery.
  • 1.3 3. Sales of Mobile Phone Accessories.
  • 1.4 4. Blogging.
  • 1.5 5. Egg Supply and Distribution.
  • 1.6 6. Ice Block Production and Sale.
  • 1.7 7. Car Wash Business.
  • 1.8 8. Uberpreneur (Driver for Uber)

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.

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What business can I start with 50K?

Businesses you can start with 50K or less

  • Food Business: Without controversy, food is one of the basic human needs for survival, amongst others, like Shelter, Clothes. …
  • Plantain chips business: …
  • Popcorn business: …
  • Candle production: …
  • Sales of mobile accessories: …
  • Bead making and wire works: …
  • Sales of perfume and other cosmetics: …
  • Hair/Barbing saloon:

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 much do banks charge for POS?

Additional POS Fees

A POS charge can also be an additional fee that your bank charges when you use your debit card. If you choose “Debit” at checkout and use your PIN, banks sometimes charge an extra fee. 5 That charge is usually around one dollar or less.

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.

Can I buy POS machine?

As stated earlier, getting a POS machine in Nigeria is absolutely free of charge, provided you get yours from one of the reputable commercial banks in the country.

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How do I request a POS machine?

How to get a GTBank POS terminal in Nigeria (in 2020)

  1. You will need a Business Current Account. …
  2. You then need to either e-mail, go to your branch or speak to your account officer. …
  3. Following all checks and approval of the account, you should receive your POS in about 14 days, delivered to your business address.


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.
  4. Login to, create an account to get your wallet ID.


Hai Afrika!