NewStats: 3,261,548 , 8,174,359 topics. Date: Thursday, 29 May 2025 at 03:57 PM 5t5k1f

Painful, Nigerians should expect everything to skyrock in the coming day's...........

Inosky:


It's 150 on 5k, sometimes it's even 200 on 5k.

Any means to increase that amount, I will just stop using POS, it's better to go to bank, and withdraw and do your transactions

If that's how it is why are they blaming the government?

How much is the vendor deducting per transaction?

They just want to gain and not pay any tax!

AntiChristian:


You still didn't answer the question asked! Can you see the reason some fail exams and have carry overs?

No questions to answer. What's the profit margin before? Considering the high costs of things. You can't understand, wickedness has blocked your sight. You're guys are just being who you truly are, heartless and wicked.

Not less than 5 different levies are being paid by these people. Why not seek knowledge before assuming. This is 2024,no one makes a statement without ing. Go and .

valuedammy:


The POS Mobile Money Operator will also deduct their fees how much is left for the POS owner.

The POS Owner will pay for space, pay the staff managing the business cos u don't expect a family Man to manage a POS business himself.

The owner will also run around everyday under risk to source for cash in running the business.

1. POS business doesn't need much infrastructure to operate!

2. How much is the deductions?

3. How much is the profit?

4. You'll have your cash sources before you start such business.

5. Just like any business you should be able to pay your staff.

IamANigerianMan:

Mercy on what? These guy are charged between N10 and N20 for the transaction of N10,000 and above, if government decided to add N50, they still gain N130... We are the problem don't bring God, we are wicked and evil... So the gain or profit of N130 is not enough... Government should ban that nonsense if they add a dine...

consider their own cost of living, most pos operators also pay their employees

Is it not the same POS littered around everywhere, where the owners find it hard to do 10 transactions in a day?

Dalohad:
Nigeria should start thinking about pulling out their monies from the bank and doing business cash-only.

30 years ago, these greedy buffoons were always lamenting that 85% of Nigeria are unbanked, as they do not have bank s.

Fast forward to today, they are frustrating bank s owner with all manners of levies, fees and charges..Criminals.

Totally agree with you. I lived in United States which is a developed nation with less than.4% unemployment rate & starting hourly rate of $17. I can open a simple current with no fees & charges. What a country!

IamANigerianMan:

I don't know why some of you don't do research before make comments, Nigerians are greedy, these POS companies charge them flat rate as low as N20, some N10 for every transaction, even if government decided to add N50 now, it is still N70 or N60, they still gain N130 or N20 for transaction of N10,000.. I blame government in all this, how can they allow this for a long time... No country allow everything to free like Nigeria

Why should Nigeria even use POS in the first place?

POS operation wasn't meant to be a stand alone business.. I was meant for business owners..

IamANigerianMan:

Mercy on what? These guy are charged between N10 and N20 for the transaction of N10,000 and above, if government decided to add N50, they still gain N130... We are the problem don't bring God, we are wicked and evil... So the gain or profit of N130 is not enough... Government should ban that nonsense if they add a dine...

You are actually wrong
Let me break it down for you
The terminal charge 50naira for withdrawal of 10,000 naira and 100 naira on 20,000 and above.

With the limit on ATM withdrawal by banks, POS have to go extra miles to source for cash, if they go to bank, bank will also deduct another 35naira per every 5000 naira withdrawn, what about the transportation fare to get to the bank ? POS also pay for space they rent.

Now the average cost POS charge for trying to withdraw 10,000 naira in my area is 200, terminal will take 50 naira, if the money was withdrawn at ATM, ATM will take 70 naira, plus the cost of transport, plus cost of space, plus electronic transfer levy and other miscellaneous charges. So you want POS operator to barely see 100 naira profits on 100,000 naira capital ?

With the situation in the country many POS are already out of business, the business won't survive because this government will use their policy to kill it. I haven't mention CAC registration and tax remittance that this government is demanding from POS operator, after that's implemented it will finally die.

AntiChristian:


100 on 5k...

200 on 10k..

300 on 15k...

400 on 20k..

If FG collect 50 on 10k and above you still no go gain at all?

As a POS operator which tax do you pay directly to the government?

Terminal will also deduct its charges, 50 naira on 10,000 and 100 naira on 20k and above.

ATM also charge 35naira for every 5k withdrawal if you source for cash at the bank, what about transportation ? what about space rent ? include the recent EMT charges.

This Government is also working toward remitting tax from POS and CAC registration that cost 20k, i can see the business dying off in the future.

Jostoman:
If youths come out to protest now they will say they want to distabilize their government.

Very wicked government, they can not create Job for their citizens but they will like to destroy and frustrate those that are struggling to survive with small business.

Honestly, it is only in Nigeria that they take from the poor to make the rich richer

AntiChristian:


1. POS business doesn't need much infrastructure to operate!

2. How much is the deductions?

3. How much is the profit?

4. You'll have your cash sources before you start such business.

5. Just like any business you should be able to pay your staff.

So he should be fetching money from trees to pay staffs ? not all POS operators have the opportunity to source for cash from traders, especially the one outside market area, besides Nigeria won't let you benefit from them for free, you will see them doing shakara and want you to become their servants that do things for them because you are benefitting a little from them. Many POS operators still use Banks to source for Cash because Nigerians won't help you for free.

AntiChristian:


100 on 5k...

200 on 10k..

300 on 15k...

400 on 20k..

If FG collect 50 on 10k and above you still no go gain at all?

As a POS operator which tax do you pay directly to the government?

Typical Agbado phoool.... mentality of Ewedu munchers

Capernum:


You're not being considerate. You're not significantly different from Tinubu. All the agbado munchers have one thing in common. They are always callous and heartless.

They don't have any thing intelligent to contribute at all... Dat's why they cannot stimulate d economy na to dey jealous Igbos wey still manage to keep things moving in dis critical time

IamANigerianMan:

Mercy on what? These guy are charged between N10 and N20 for the transaction of N10,000 and above, if government decided to add N50, they still gain N130... We are the problem don't bring God, we are wicked and evil... So the gain or profit of N130 is not enough... Government should ban that nonsense if they add a dine...

Dont speak what you don't know bro.
If they ban POS.. you will suffer most because cash will not be available to you again. If you are tired goto ATM na..

Loverboi2cute:


Typical Agbado phoool.... mentality of Ewedu munchers

Attack the messenger and avoid the message!
Typical of an ignorant dingbat!

Try and engage the message!

PureFace1:


So he should be fetching money from trees to pay staffs ? not all POS operators have the opportunity to source for cash from traders, especially the one outside market area, besides Nigeria won't let you benefit from them for free, you will see them doing shakara and want you to become their servants that do things for them because you are benefitting a little from them. Many POS operators still use Banks to source for Cash because Nigerians won't help you for free.

As a business man you'll always need to source your raw materials at the cheapest rate and with the right quality. That's the business man's cup of tea! What tax does the POS vendor pay directly to the government?

Very heartless government continually putting it's people in pains and some people won't still learn their lesson all cause of some imaginary tribal wars.

nedekid:

Are you listening to yourself? So a grown person earning according to you N80 after N20 bank charges on a transaction of 10k should be contented with 20 - N30 instead?
Pos which is the only succor for thousand of unemployed Nigerians to have something doing in this challenging times. How much is 20 naira with the current inflation. How many transactions will the Pos operator make to gain 1k? 50 transactions? Oga you wicked ohh.
Nothing apc and it's misfits wount destroy, opay etc the bank of the common man, they have slapped charges, post operators, the only means of survival for thousands they threaten by those charges, yet you call it free.

Nigerians and MUMU are just 5and 6, you know how much is the profit of MTN , glo, Airtel from N1000 recharge card you bought, their gain 50kobo, do you know how much Dangote get from one bag of cement as a profit N250... But these people pay their workers... The company that gave them POS charge N50 according to you... These companies has a lot o workers, and others service providers but you without any service getting x3 of that money... Go and sleep a beg , your type will blame government tomorrow.

All The ldl0ts Here Lamenting Against POS Operators And Criticizing Them. Dont Worry Your Dreams Will Soon Materialize. The POS Business Will Soon Die Off With Stvpid Policies Of This Vseless GOvernment. By Then I Guess You Fuuls Will Be Happy. The Banks Will Show You People Pepper By Then.

IamANigerianMan:

I don't know why some of you don't do research before make comments, Nigerians are greedy, these POS companies charge them flat rate as low as N20, some N10 for every transaction, even if government decided to add N50 now, it is still N70 or N60, they still gain N130 or N20 for transaction of N10,000.. I blame government in all this, how can they allow this for a long time... No country allow everything to free like Nigeria

and you are confident to say something you have no knowledge about...

PureFace1:


Terminal will also deduct its charges, 50 naira on 10,000 and 100 naira on 20k and above.

ATM also charge 35naira for every 5k withdrawal if you source for cash at the bank, what about transportation ? what about space rent ? include the recent EMT charges.

This Government is also working toward remitting tax from POS and CAC registration that cost 20k, i can see the business dying off in the future.

The aim of a successful business especially a POS biz is to have as many customers as possible to break even! You gain 150 on every 10k if you charge 200.

CAC registration is a one off transaction. Then yearly you can be tax based on your declared profit. If you make no profit you won't be taxed!

All your expenses would have to be deducted before you are taxed.

The Business won't die off! Those who can't compete will be the ones to die!
It's the survival of the fittest as usual!

Capernum:


No questions to answer. What's the profit margin before? Considering the high costs of things. You can't understand, wickedness has blocked your sight. You're guys are just being who you truly are, heartless and wicked.

Not less than 5 different levies are being paid by these people. Why not seek knowledge before assuming. This is 2024,no one makes a statement without ing. Go and .

Engage appropriately! The essence of the POS business is to get as many as possible customers as you can. Even if it is 100 that's charged per 10k you'll still make your profit with your clientele base!

Mention the five different levies that are consistent charged and not one off?

AntiChristian:


1. POS business doesn't need much infrastructure to operate!

2. How much is the deductions?

3. How much is the profit?

4. You'll have your cash sources before you start such business.

5. Just like any business you should be able to pay your staff.

just shut up because you know nothing about POS business you only talk if you have idea on how to run the business . Do you think the POS operators get their cash for free

Lordsnow007:
just shut up because you know nothing about POS business you only talk if you have idea on how to run the business . Do you think the POS operators get their cash for free

You don't source your raw materials for free!

If you do then it has no value!

Work on having a larger clientele base or some high profile clients!

Take the shut up home please no be you give me data money to come here!

I noticed it already

IamANigerianMan:

Mercy on what? These guy are charged between N10 and N20 for the transaction of N10,000 and above, if government decided to add N50, they still gain N130... We are the problem don't bring God, we are wicked and evil... So the gain or profit of N130 is not enough... Government should ban that nonsense if they add a dine...

Have you ever done business in your life before??

Jostoman:
If youths come out to protest now they will say they want to distabilize their government.

Very wicked government, they can not create Job for their citizens but they will like to destroy and frustrate those that are struggling to survive with small business.

..that is the renewed hope they were telling nigerians about

Renewed hope to renewed shege 🙄

IamANigerianMan:

Mercy on what? These guy are charged between N10 and N20 for the transaction of N10,000 and above, if government decided to add N50, they still gain N130... We are the problem don't bring God, we are wicked and evil... So the gain or profit of N130 is not enough... Government should ban that nonsense if they add a dine...

Speak for yourself. You are wicked and evil.
That's also why you want government to ban it because you failed. You now want everyone to fail too. You are wicked and evil. You said it not me.

Inosky:


It's 150 on 5k, sometimes it's even 200 on 5k.

Any means to increase that amount, I will just stop using POS, it's better to go to bank, and withdraw and do your transactions

You will definitely stop using it because they will surely increase it. The POS are really trying, they will be charged for each transaction from the head office of their terminal, they will run around in other to get cash. They will pay for kiosk, feed their family. So they have to increase it in other to survive.