How much can I make daily from POS business in Lagos?
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If you're serious with your POS business in Lagos, you can make ₦5,000 to ₦15,000 daily, depending on your location and how many customers you get. I dey run my own POS stand inside Ikotun market and I see at least 200 customers daily. Here’s how the money breaks down: 1. Cash Withdrawal Charges – IRead more
If you’re serious with your POS business in Lagos, you can make ₦5,000 to ₦15,000 daily, depending on your location and how many customers you get.
I dey run my own POS stand inside Ikotun market and I see at least 200 customers daily. Here’s how the money breaks down:
1. Cash Withdrawal Charges – If you charge ₦100 per ₦5,000, and 100 people withdraw ₦5k daily, that’s ₦10,000 already.
2. Deposits & Transfers – I charge ₦50 to ₦100 for deposits, and people dey send money steady on Mondays and Fridays.
3. Other Services – Airtime, cable, utility payment go add small extra.
But no lie, everything depends on:
Your location (bus stop, busy junctions pay more)
Your daily float (you need cash to serve people)
Bank/network wahala (network dey kill business sometimes)
I started with Moniepoint, then opened second POS with Opay. Moniepoint get better commission, but Opay fast pass.
No sitdown for quiet area o. Lagos POS na hustle, not cruise.
If you position well, you fit collect like ₦300k–₦450k monthly with steady effort.
See lessMaking money from a POS business in Lagos depends on several factors: location, daily customer traffic, and how you manage your float. If you position your POS at a busy market or near a transport hub, you can easily see between ₦7,000 to ₦15,000 daily. For example, a friend of mine runs a POS in YaRead more
Making money from a POS business in Lagos depends on several factors: location, daily customer traffic, and how you manage your float. If you position your POS at a busy market or near a transport hub, you can easily see between ₦7,000 to ₦15,000 daily. For example, a friend of mine runs a POS in Yaba market and makes about ₦10,000 daily on average.
Your income mainly comes from transaction charges. If you charge ₦100 for every ₦5,000 withdrawal and you serve 100 customers, that’s ₦10,000 already. Add deposits, transfers, airtime sales, and bill payments, and your daily earnings can increase.
However, be mindful of challenges: occasional network downtimes, bank system glitches, and cash float shortages can affect daily income.
In summary, a well-managed POS in a busy Lagos location can fetch you ₦200,000 to ₦400,000 monthly if you stay consistent and deliver good customer service. Start small, build trust, and expand your float gradually.
See lessA lot of money can be made by being a pos agent wherever you are bought it all depends on the population of the people in your neighborhood and also how you treat your customers because there are the one that will introduce more customers to you. You have to make sure that the locality that yRead more
A lot of money can be made by being a pos agent wherever you are bought it all depends on the population of the people in your neighborhood and also how you treat your customers because there are the one that will introduce more customers to you.
You have to make sure that the locality that you choose for your business is a very lucrative and busy area which is the best place to get customers
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