A point of sale machine (POS machine) is an electronic portable device used to process card payments at retail locations. It allows business, private organizations to accept bank cards to make payment transactions. A point of sale machine (POS) can help reads the information on a customer's credit card or debit card. Checks whether the funds in a customer's bank account are sufficient. whether using current account or savings account.
The use of POS maching helps enforce the cashless policy. Hence, you can make financial transactions without going to a bank. Most POS terminals are issued by bank.
The use of point of sale pos was approved by the central bank of Nigeria to make every transaction eazy and curb creminal act. (Point of sale system) Pos system was introduced to banks in Nigeria in 2012.
With a card swipe machine you can now make a successful transaction from your bank accoount through a credit card not debit card. There are differnet types of POS machine this includes a touch pos, android pos, mobile pos and more.
Pos terminal are now located accross the whole of Nigeria.
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The prices in nigeria pos machines in Nigeria is ₦0. In other words, getting a POS terminal is absolutely free of charge to get from Nigeria banks. However, every transaction done through the use of POS comes with a charge of 0.75% to a maximum cap of N1,200 in Nigeria.
There is the need to get evry necessary pos hardware needed for a quick transaction. This incudes: , barcode scanner,, card credit reader,label printer and more.
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