Home»Banks, Cards & Fintech Help»Page 8

Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Nwachukwu Blessing
Nwachukwu Blessing
Asked: July 28, 2025In:

cheap nigeria posnigeria pospospos machine
  1. Brumi Kom
    Brumi Kom Newcomer

    In 2025, the cheapest POS machine you can get without stress is from Moniepoint. They’re still offering it for around ₦21,500 with easy onboarding and low daily targets. The thing I like about them is that once you meet the transaction requirement, you don’t get charged hidden fees like some other pRead more

    In 2025, the cheapest POS machine you can get without stress is from Moniepoint. They’re still offering it for around ₦21,500 with easy onboarding and low daily targets. The thing I like about them is that once you meet the transaction requirement, you don’t get charged hidden fees like some other platforms.

    If you’re just starting out, Opay is also a strong option. You can get their mini POS for between ₦15,000 to ₦20,000 depending on your agent. But the full Android type costs more. Some people say Palmpay gives out free POS—yes, but only if you’re hitting serious targets monthly. If you don’t, they’ll collect it back or fine you.

    From experience, I’d say don’t chase the cheapest blindly. Look at how fast it works, how easy it is to get support, and how much they’ll deduct per transaction. Cheap POS with bad support can frustrate your customers and kill your street credibility.

    If you’re serious about the business, go for one with low charges and stable uptime. It’s better to invest once than replace POS every few months.

    See less
Carpon
CarponExpert Mind
Asked: August 2, 2025In:

commercial bankmobile banksopay
  1. De Mogul
    De Mogul Expert Mind A student

    Both commercial banks and some online banking fintech that we know are actually the same because they have almost the same feature.    The reason why some people think that the fintech who are into banking and finance are much better is because of how fast they are which is one of the advantageRead more

    Both commercial banks and some online banking fintech that we know are actually the same because they have almost the same feature. 

     

    The reason why some people think that the fintech who are into banking and finance are much better is because of how fast they are which is one of the advantage.

    So for that reason alone I think I will always go for the online banking apps like opay

    See less
eldavis
eldavisEnlightened Mentor
Asked: May 12, 2026In:

  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    Banks don’t “rarely” issue Visa or Mastercard—they issue them through partnerships, but not to every customer automatically. These cards usually require higher trust levels because they can be used internationally and for online payments. Banks check KYC details, account activity, income, and sometiRead more

    Banks don’t “rarely” issue Visa or Mastercard—they issue them through partnerships, but not to every customer automatically. These cards usually require higher trust levels because they can be used internationally and for online payments. Banks check KYC details, account activity, income, and sometimes credit history before approving them.

    Many customers are first given basic ATM/debit cards, then upgraded later once their account shows steady usage and good standing.

    See less
eldavis
eldavisEnlightened Mentor
Asked: August 13, 2025In:

  1. Inem
    Inem Knowledge Seeker

    You can't open a normal PayPal account in Nigeria that would be able to receive funds. You can however receive funds using a merchant PayPal account in Nigeria. That is quite tasking. You would need to submit a business registration certificate to open the PayPal merchant account. And you would needRead more

    You can’t open a normal PayPal account in Nigeria that would be able to receive funds. You can however receive funds using a merchant PayPal account in Nigeria. That is quite tasking. You would need to submit a business registration certificate to open the PayPal merchant account. And you would need to set up the account through an e-commerce platform for it to work in receiving payments from Nigeria.

    See less
Augusta
AugustaEnlightened Mentor
Asked: April 26, 2026In:

I do sometimes go to withdraw money from a nearby ATM or pos and noticed that my debit card would be declining but would later respond after a while what could be causing this initial declined?

  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    There are actually several reasons as to why most debit cards might not respond. In most cases, it could be due to a technical issue with the card reader or the payment system. Then if it's an old card, it's also possible that the card is worn out or faulty which is why it has become hard for it toRead more

    There are actually several reasons as to why most debit cards might not respond. In most cases, it could be due to a technical issue with the card reader or the payment system. Then if it’s an old card, it’s also possible that the card is worn out or faulty which is why it has become hard for it to read correctly. Then it could simply be network issue from the bank itself. In such case, you can easily try again after awhile. 

     

     

    See less
Wiseblessing01
Wiseblessing01Newcomer
Asked: January 9, 2026In:

This question encourages people to discuss ways to manage debt responsibly while maintaining comfort in daily living. It focuses on realistic strategies such as prioritizing high-interest debt, consolidating loans, negotiating terms, and setting manageable repayment plans. Respondents can share personal ...

  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor

    To bring down your debt without disrupting your daily routine, start by setting up a practical budget and focusing on paying off high-interest debts first. Try to make regular extra payments, even if they're small, trim any non-essential expenses, and maintain your crucial purchases for peace of minRead more

    To bring down your debt without disrupting your daily routine, start by setting up a practical budget and focusing on paying off high-interest debts first. Try to make regular extra payments, even if they’re small, trim any non-essential expenses, and maintain your crucial purchases for peace of mind. You could also consider negotiating for lower interest rates or combining loans. The secret is to keep making steady headway, stay disciplined, and find a good balance between repaying what you owe and meeting your daily requirements.

    See less
Augusta
AugustaEnlightened Mentor
Asked: May 10, 2026In:

  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    Am not sure since i don't use union bank myself but from what i have heard, they seem to have a good network system, and their services are reliable. I have been to union bank a few times to make some payments and one thing i liked about the bank was how quick their service was and the fact that theRead more

    Am not sure since i don’t use union bank myself but from what i have heard, they seem to have a good network system, and their services are reliable. I have been to union bank a few times to make some payments and one thing i liked about the bank was how quick their service was and the fact that there was no crowd there. 

    See less
Carpon
CarponExpert Mind
Asked: August 2, 2025In:

paypal in nigeria
  1. Anonymous
    Anonymous

    Step 1: Sign Up on PayPal Nigeria Go to paypal.com/ng, choose Business Account, enter your email, phone number, and address. Accept the terms and confirm via email. Step 2: Link a Valid Card Use a Visa or Mastercard—Verve cards usually fail. PayPal charges a small verification fee ($1–$2) to confirmRead more

    Step 1: Sign Up on PayPal Nigeria
    Go to paypal.com/ng, choose Business Account, enter your email, phone number, and address. Accept the terms and confirm via email.

    Step 2: Link a Valid Card
    Use a Visa or Mastercard—Verve cards usually fail. PayPal charges a small verification fee ($1–$2) to confirm the card. Confirm via OTP from your SMS.

    Step 3: How to Receive Money
    Since Nigerian PayPal accounts are limited to sending only, to receive money you have three options:
    • Open a PayPal Business account under an eligible country (Lesotho, South Africa, UAE).
    • Use Flutterwave Business—enable PayPal on your checkout page and receive payments that way.
    • Receive payments, then withdraw via Payoneer, Wise, Skrill, Binance P2P.

    You cannot withdraw directly to a Nigerian bank from PayPal. Always use one of the exchange or withdrawal services mentioned.

    See less
Augusta
AugustaEnlightened Mentor
Asked: October 2, 2025In:

Online banking is a service that allows you to manage your bank accounts, pay bills, and transfer funds over the internet using a computer or mobile device. How does this service saved us money?

  1. Mike Larry
    Mike Larry Active Contributor

    Online banking helps people save money in many ways. It reduces transport costs since you don’t need to visit a physical branch. Many banks also offer lower fees for online transfers compared to traditional methods. It saves time, which can be used productively elsewhere, and makes it easier to tracRead more

    Online banking helps people save money in many ways. It reduces transport costs since you don’t need to visit a physical branch. Many banks also offer lower fees for online transfers compared to traditional methods. It saves time, which can be used productively elsewhere, and makes it easier to track expenses through instant alerts and statements, helping you avoid unnecessary charges or overspending. Convenience and efficiency turn into real financial savings over time.

    See less