Alex
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A merchant account is a type of bank account that allows you to accept payments from your customers.
You’ll need to provide some documentation, including your business registration documents and your identification documents.
Step 3 Apply for a POS terminal machine
Once you’ve opened a merchant account, you can apply for a POS terminal machine.
The bank will provide you with instructions on how to set up the machine.
Step 5 Start accepting payments
You now have a POS terminal machine for your business in Nigeria.
Do your research and find a bank that offers a POS terminal machine that meets your needs.
Step 2 Open a merchant account
To get a POS terminal machine, you’ll need to open a merchant account with the bank you’ve chosen.
Keypoints
- Required documents to get a POS machine
- Financial institutions giving out POS machines in Nigeria
- Final thoughts