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Enterprise Academy

Point of Sales (PoS)

Point of Sales (Pos)

This is a device that enables customers make payments for goods and services at merchant location.

Some of the benefits

Easy

Ease of integration to merchants’ system and reconciliation

Flexibility

Availability of multiple payment options on the POS terminal 

Mobile

Collecting payment through Near Field Communication (NFC) enabled devices

Secure

Faster and secure way of carrying cash around

What you get
  • Receive payments on the go
  • Accept payments from all types of debit cards
  • Review sales and end-of-transaction reports
  • Pay bills and purchase airtime 
How to get it
  • Fully completed merchant onboarding form 

The following  will be required in addition, for international card acceptance:

  • Merchant site inspection  by the  Bank

  • Indemnity for Naira/USD settlement

Sign up as a merchant here

Frequently Asked Questions (FAQs)
  • What is a POS terminal?

A POS is a device that enables customers make payments for goods and services at merchant locations or remotely via payment cards or other available options.

  • How can I request for a POS terminal?

You can request for a POS terminal by either visiting any of our branches to complete a request form or online through our Quick Service Portal.

  • How long does it take to deploy POS terminal(s) to merchants?

Turn Around Time (TAT) for Lagos is 5 working days, outside of Lagos is 10 working days

  • What is the expected minimum monthly turnover of merchants who require POS?

A minimum of N1,000,000 turnover is expected per month

  • Can a merchant have multiple POS machines?

Yes, a merchant with large area coverage or many cashier outlets with high turnover that is in multiples of N1,000,000 can have multiple POS Machines

  • Who are the target merchants?

Any established businesses or stores where there is trade of goods and service.

  • What if the cardholder's account is debited without approved receipt printed on the POS Terminal?

The cardholder should be advised to visit the nearest branch of his bank to lodge a chargeback complaint.

  • When do I get settled for transactions done on my POS?

Settlement is T+1 That is, (transaction day + 1 day) within 24hours

  • What you get
  • How to get it
  • Frequently Asked Questions (FAQs)
  • Receive payments on the go
  • Accept payments from all types of debit cards
  • Review sales and end-of-transaction reports
  • Pay bills and purchase airtime 
  • Fully completed merchant onboarding form 

The following  will be required in addition, for international card acceptance:

  • Merchant site inspection  by the  Bank

  • Indemnity for Naira/USD settlement

Sign up as a merchant here

  • What is a POS terminal?

A POS is a device that enables customers make payments for goods and services at merchant locations or remotely via payment cards or other available options.

  • How can I request for a POS terminal?

You can request for a POS terminal by either visiting any of our branches to complete a request form or online through our Quick Service Portal.

  • How long does it take to deploy POS terminal(s) to merchants?

Turn Around Time (TAT) for Lagos is 5 working days, outside of Lagos is 10 working days

  • What is the expected minimum monthly turnover of merchants who require POS?

A minimum of N1,000,000 turnover is expected per month

  • Can a merchant have multiple POS machines?

Yes, a merchant with large area coverage or many cashier outlets with high turnover that is in multiples of N1,000,000 can have multiple POS Machines

  • Who are the target merchants?

Any established businesses or stores where there is trade of goods and service.

  • What if the cardholder's account is debited without approved receipt printed on the POS Terminal?

The cardholder should be advised to visit the nearest branch of his bank to lodge a chargeback complaint.

  • When do I get settled for transactions done on my POS?

Settlement is T+1 That is, (transaction day + 1 day) within 24hours