Recent statistics show that several banks/financial institutions are beginning to take their bank services to the consumers. Zenith bank which is also a financial institution isn’t left out in this, Zenith bank is one of the leading commercial banks in the country, this financial institution has taken banking to its grassroots, and it has also deepened financial inclusions.
Zenith Bank’s POS services are quite easy to use and also very affordable. As a customer, you can only have access to Zenith Bank’s through a Zenith Bank POS agent, through a Zenith Bank POS agent, services dispensed by Zenith Bank will extend across all market segments. Through this arrangement, the Zenith Bank POS agent will be able to render local financial transactions like cash withdrawals, cash deposits, and airtime purchases.
What Would You Enjoy as a Zenith Bank POS Agent?
You stand to gain a lot as a Zenith Bank POS agent, some of the benefits of this role include:
● Adequate Cash Management
A Zenith Bank POS agent would have an operational store where cash would be moved effectively, this could be herculean, but in the long run, it pays! Effective cash management is also certain as you get to credit your personal account with the amount of cash you deducted from your customer.
● Steady Increase in Sales
The Zenith Bank POS agent business ensures that you’ve extra traffic or more consumers visiting your store for better great patronage, this causes sales increases.
● Increase in Income From POS Charges
Commissions are always accrued to each transaction that you carry out, Zenith Bank gets to pay you as an agent a certain percentage of what the customer is charged. This definitely makes a good source of income.
● Cross-Selling Becomes Less Difficult
There’s absolutely nothing wrong with telling your customers about other businesses that you run. As a POS agent, you could easily get your customer to purchase other products that you sell.
What is Zenith Bank’s POS Charge Like?
Just as discussed earlier, Zenith Bank’s POS is quite affordable to use as their charges are very reasonable. For deposits and withdrawals between NGN1 – NGN100,000, the agent is expected to charge between NGN50 – NGN300 and the minimum agent commission is about 45%.
Requirements for a Zenith Bank POS
To own a Zenith bank POS, you would’ve to meet the following requirements:
- Have an existing business with a certified business name
- The outlet in which you operate must have heavy traffic. The outlet could be a market, school, filling station, and lots more
- A dedicated desk should also be in place, and this should be manned for POS agent banking services
- You must also have been a Zenith Bank account owner for at least half a year
- A valid ID card and two recent passport photographs should also be in place
- You must also have a working capital of at least NGN50,000
FAQs on Zenith Bank POS
● How Can I Get a Zenith Bank POS?
You can obtain a Zenith Bank POS by simply following the steps discussed in the article. You’ve to be sure of all the details you’re providing and be able to adequately supply all required entries.
● What is a Zenith Bank POS App?
This refers to the application that Zenith bank grants its POS owners. This application allows POS owners to perform sundry tasks, you can only make use of this app if you have a POS machine.
Conclusion
It’s a good thing you know about Zenith Bank POS now. It’s a good way of adding more cash to your annual income. It does zero harm but improves your business perception and at the same time makes commission for you. Cross-selling is also possible with Zenith bank POS.
