How To Start A POS Business in Nigeria Today? Requirements

Firstly, you have to know how much is your start up capital aside cost of getting the POS Terminal (machine) and cost of getting a location and materials such as table and chair with umbrella.

Now you have those in place, all you need is to decide which POS terminal machine to get and from which POS provider company.

That would also help you determine the cost of the terminal.

Moniepoint POS terminal is ₦22,500
Opay POS terminal is ₦49,000
Palmpay POS terminal is ₦50,000

You can research on others or I drop it later.

Next thing is you can consider getting a CAC certificate to be able to use the business account of your POS system.

While some can allow you use the POS without Business Application, others can be compulsory.

Decide if it is your full name you want customer to see or just a nickname, business name (it must be registered with CAC).

Ensure you know the security level of the location you want to start your POS Business in.

Ensure to keep records of your POS transaction (online or offline).

Always crosscheck your book keeping with the POS terminal transaction history.

Also make sure you collect your charges from customers before or after successful transaction.

Cut the print out for customers, do not allow them cut it the paper themselves.