In this article I'll be telling you how you can collect a pos machine from any online mobile Money in Nigeria. In my last article I gave some procedures on how to collect POS from any bank in Nigeria. In case you missed the article I will drop the link below this article if you prefer to use bank POS rather than online mobile Money or you can check my account to read the article titled:

"Procedures to Collect POS Machine from any Nigerian Bank to Start Making Daily Income"

One thing to consider before you choose whether to use bank POS or online mobile Money is the chargers. Most bank in Nigeria charge 0.7 percent on any transaction you make on their POS machine but some of online mobile Money charge 0.5% on any transaction you make on their POS machine.

It is very easy to start a POS business in Nigeria with a low capital of just N100, 000 when you have chosen a good location, make sure your location for the business is either a market or school environment because is the location that will determine the profit you will be making per day. If you choose a good location you can be making a minimum of N3000 per day from a POS business

For you to get a POS machine from any bank in Nigeria you must have a minimum of turnover of 1 million in just 30 days. But for online mobile Money the condition is different

Online Mobile Money will provide you with a POS usually within a month once they can monitor your transaction volume on transfers.

source and more:
http://www.sanwomi.com.ng/2020/05/procedures-to-collect-pos-machine-from.html

Some banks do not give you any target, I know of firtmonie and is not all banks that charge 0.7%, some charge higher. In firstmonie, the bank controls your charges. Like in every #100 charged, the bank pays you #45 as commission, .that's the only problem with firstmonie. You paid ur commission at the end of the month. The good thing about firstmonie is that, their network is very good.