Point of Sales (PoS)
Our POS terminals allow cards to be used for transactions at a merchant store. Both the merchant and the customer will receive instant notification after the transaction is completed.
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