The introduction of the POS machine in Nigeria has given individuals a great sense of relief and comfort, carrying out transactions several transactions for different businesses and it has also been a great source of income for different hustlers. If you are looking to employ the use of an Access Bank POS machine for your business activities, you will have to understand the basics of the Access Bank POS machine operation.
How Does the Access Bank POS Machine Work?
A Point Of Sale Machine is a portable device that allows all kinds of businesses to accept card payments for services rendered.
Several small business owners find the utilization of Point Of Sale Machine terminals as a payment method which is much more preferable than cash payment. The POS terminal option eliminates the issue of not having change for customers during transactions, and it also reduces the level of theft.
The POS machine is very common and it’s used in virtually all supermarkets.
How to Get a POS Machine from Access Bank
To obtain a POS machine from Access Bank, you must have the following:
A functional Access Bank Account
Before Access Bank grants an individual or business a POS terminal, you’ll be required to maintain a functional bank account with them.
POS Agreement and Document
You will also need to obtain legal documents from the Access bank’s account officers. You could obtain these documents from any Access Bank branch. Your documents will comprise your personal details like:
- National identity card or any other valid means of identification
- Recent passport photographs
- Utility Bills
Some other documents might be needed but this will vary.
What is Access Bank POS Charges Like?
Access Bank POS support and terminals are not absolutely free, as customers will be required to pay a certain fee per transaction. The fee typically is about 1.25% per cap or NGN2,000.
What Are the Benefits of an Access Bank Point of Service Machine for Your Business?
There are several benefits of using Acces Bank POS machine, some of these benefits include:
- Reduced risk of theft and robbery
- It’s a much faster and quicker way of completing all kinds of transactions
- It’s a much better means of ensuring customer satisfaction
- It eradicated the quest for change because the exact amount is charged from the consumer’s bank account
- Bank congestion is reduced to the nearest minimum as cash gets credited to your bank account with zero rush to deposit cash in your bank account
- Adequate collection management is assured
- Instant value is received for different payments made
- Account reconciliation is absolutely improved
- Adequate eliminates the struggle of confirming and clearing bank Cheques
Aside from Access Bank, other banks that offer POS services include:
- Zenith Bank
- First Bank
- Polaris Bank
- Diamond Bank
How Can You Maintain Your Access Bank POS Machine?
To keep your Access Bank POS Machine in excellent condition, there are things you will be required to do some things occasionally. These things include:
Back it up
Even though you’d like to have thoughts that your POS servers are immune to faults other POS machines might have experienced, it’s wise to have a good backup system. Have a system that backs up your data occasionally, make sure you have an employee that allows you to accomplish this every day.
Maintain a clean hardware
Don’t underestimate POS hardware damage. The hardware gets used occasionally and it spilled on with some regularity. By taking enough time to clean up the equipment, interruptions could be avoided.
Purge old data
Just like your PC, your Acess bank POS machine could get bogged downloaded with useless information. Allow your POS machine to perform its best by purging useless data.