Have You Tried POS Business?

[Bisolami]

POS means the point of sale. Here, different transactions go on. In my country, the POS owners d transactions like bank transactions. They help people to send money, deposit money into their bank accounts, and pay electricity bills alongside airtime.

They do almost everything that we can get done at the bank and the good thing about it is that we can find them anywhere. Do you have them in your country? Have you tried it before?

 

[Augustus kparobo]

No but it is now a very competitive business in my region as people are owning a POS machine on every corner

 

[Starmix]

I have not heard about this. There might be in my country I just do not concentrate on what's its nature.

 

[cherry123]

POS means the point of sale. Here, different transactions go on. In my country, the POS owners d transactions like bank transactions. They help people to send money, deposit money into their bank accounts, and pay electricity bills alongside airtime.

They do almost everything that we can get done at the bank and the good thing about it is that we can find them anywhere. Do you have them in your country? Have you tried it before?

This is a booming business now in my locality. it's seem every one is into it now. But it is also very risky you easily lose money with it.

 

[Shavkat]

We do have here, but I stopped because my bank account was compromised before. So, I have not re-enroll my bank account for this kind of feature.

 

[cherry123]

The business is really booming here but my problem is just the high risk involved especially in my location

 

[Hate2Wait]

What are the risks involved in this business can you please explain about these?

The business is really booming here but my problem is just the high risk involved especially in my location

 

[cherry123]

What are the risks involved in this business can you please explain about these?

Money are easily snatched from the operators and you can easily be scammed by those withdrawing money from you

 

[Yugocean]

All business now have PoS machines, and all customers have card, so it's common.
I use cash

 

[cherry123]

I think the poster was referring to those that are using it for business of deposit and withdrawal for money

 

[Hate2Wait]

Money are easily snatched from the operators and you can easily be scammed by those withdrawing money from you

Yes I can understand and it's a risky business because many people are just interested in hurting others for easy money

 

[Stardom22]

The POS business is very booming in my country. It's very profitable in my country as it eases the hustles of going to banking halls for transactions

 

[cherry123]

Yes I can understand and it's a risky business because many people are just interested in hurting others for easy money

Exactly, this happened to a friend and she almost ran mad. All her business money was snatched and this loan money it wasn't funny at all

 

[Niyi Briggs]

It is already saturated here in Nigeria. I wonder how they wil manage to get customers and make money. In one building, they might be up to 3 commercial pos.

 

[Hate2Wait]

Exactly, this happened to a friend and she almost ran mad. All her business money was snatched and this loan money it wasn't funny at all

This is why we need to be careful about it and should have someone with us when we are moving from one place to another with cash

 

[cherry123]

Security is always key you need to be careful with the people around to avoid any form of theft which is very rampant now

 

[Hate2Wait]

Whenever we are moving with cash we need to be extra careful or have some arrangement to deposit it to bank

 

[cherry123]

This is for customers so they need to keep the money with them till when needed.

 

[Hate2Wait]

We can have some sort of a way so we can disburse cash to someone and get check or something

 

[Enxx]

POS business is now a business that many people wants to do because it is very lucrative. And one thing that I like about it is that we can start with small amount of money