I have 500k and i intend to start pos business....I don't really know much about the biz,i need someone that's well versed in the business to enlighten me.

My bank is Gtbank savings account....
What's the procedure for obtaining the pos machine?i learnt it's free.

Please padon my mumu questions,i need Clarification.

If someone makes a payment of 20k(or if someone wants to withdraw 20k) and i intend to charge the person 200naira,will money be deducted and how much?

If someone wants to transfer money,can i use my phone instead of using the pos since the bank charge is minimal 52naira


Is this business lucrative and how do one go about it?

Start up for "Agency banking" in fcmb is around 300k.
Since you have 500k, you can go ahead and register with them.
I don't know about GTB.


NB "POS business is not as lucrative as it used to be.
Invest the 500k in something else.

nonut:
Start up for "Agency banking" in fcmb is around 300k.
Since you have 500k, you can go ahead and register with them.
I don't know about GTB.


NB "POS business is not as lucrative as it used to be.
Invest the 500k in something else.

please can you throw more light on the agency banking

if i invest 300k there,whats the ROI ?is is weekly or monthly and how much

Kingsley10000:
please can you throw more light on the agency banking

if i invest 300k there,whats the ROI ?is is weekly or monthly and how much

Walk in to the nearest fcmb and they will explain in detail.

nonut:

Walk in to the nearest fcmb and they will explain in detail.

fcmb the best?why did you recommend it for me

thanks anyway

Kingsley10000:
fcmb the best?why did you recommend it for me

thanks anyway

I made enquiries in fcmb some months ago.
First monie from first bank is okay too, but there's a big chance someone close to the place you want to setup, is already registered with them.
The proximity between two Agency from the same bank outlet must be nothing less than 200m.
Go to the bank and get a better explanation from them.