Starting a POS business in Nigeria has unarguably been one of the most lucrative businesses and not just that, it is the saving grace of people on everything that has to do with transactions. POS business has helped in saving time, energy in visiting banks and provide fast and easy transactions for both payment/withdrawal methods. This article provides the perfect guide for you to become successful as you're starting out with your POS business.

Table of contents:

1. What is the full meaning of POS?
2. How does POS machine work?
3. How profitable is POS business in Nigeria.
4. How to start POS business in Nigeria.
5. Criteria for obtaining a POS machineB.
6. Banks you can get POS machine from in Nigeria.
7. How to succeed in POS business.
8. Pro's and Con's of POS business.

HOW DOES POS BUSINESS WORK?

POS machine allows people carry out transactions with their ATM cards which range from withdrawal, deposits, payment of bills such as school fees, DStv, GOtv, tax, goods in supermarkets, fuel in fuel stations, etc. It is good because it allows you to pay for your goods and services even without you holding physical cash (cashless). With your ATM card you are good to go.

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