How To Get ZenithBank POS Machine In Nigeria

Available Services On Zenith Bank POS Business Platform
Account opening.
Cash withdrawal.
Cash deposit.
Funds transfers.
Bills payment.
Airtime Purchase.

Requirement Needed To Open Zenith Bank POS Business

Are you planning to open a ZenithBank POS business in your locality, here are the requirement needed to open the business.

• You must have an existing retail/business outlet with a trading name.
• An existing retail/business outlet in a physical location for a minimum of 12 months.
• An outlet can be a school, market, shopping mall, fuel station, or any business outlet with reasonable human traffic.
• The outlet should accommodate a dedicated desk/counter and a minimum of one (1) staff to handle agent banking services.
• Must have maintained a Zenith bank corporate account for 6 months.
• Prospective individual agents can register with their names and personal Zenith bank accounts.

Registration Documents Required

Here are the list of document needed if you want to register properly: For corporate accounts.

• Duly completed registration/signup form with the following documents attached.
• Valid ID card
• Business address
• Business insurance policy
• Business license or permit
• Valid Tax Identification Number (TIN)
• Business registration certificate
• Business plan
• Valid business bank account
• 2 Passport photographs.
• Business address proof (e.g. utility bill, rent receipt, etc.)
• Certificate of Incorporation.
• Memorandum and Article of Association.

Here are the list of document needed  if you want to register properly: For individual accounts

• Duly completed registration/signup form with the following documents attached.
• Must be a registered business owner
• Proof of address (utility bill).
• Phone number
• Valid means of identification.
• Business insurance policy
• Business license or permit
• Business registration certificate
• 2 Passport photographs.

Also, see: How Much Is Baxi POS Machine In Nigeria

Function

1. Cardless payment

You can even complete your transactions without a card on POS but by using the following services:

• Pay with Transfer
• Scan to Pay
• USSD on POS

Pay with transfer – Pay with transfer is a unique integration that instantly prints a transaction receipt on the in-store POS terminal whenever a customer pays for goods or services by transfer.

How it works

• A virtual account is assigned to the preferred POS terminals
• You will request to make payment by transfer
• Cashier selects Pay with Transfer on the POS terminal and the virtual account is displayed.
• You can make payment to the account number displayed via the preferred mode of transfer
• Then, the POS terminal automatically prints the receipt if a transaction is successful

Benefits: Instant value, It is a cardless service on the POS
Settlement: Same day.

Scan To Pay – Scan To Pay is a fast, simple, and secure way of making payments at merchant’s outlets by simply scanning a QR code using a smartphone. QR is an acronym for Quick Response code.

USSD on POS – This payment option will enable any bank account holder to pay by simply dialing *966*000*code displayed on the POS# from the mobile phone number registered with their respective bank.

Features: USS ON POS is available across all networks in Nigeria and does not require data connectivity for transactions to be consummated.
Settlement of transactions is T + 1.

How it works:

• Select “USSD payment” on POS.
• Enter amount.
• Provide USSD code displayed on POS terminal.
• Dials USSD string and code displayed.
• Confirm payment with your “USSD PIN“. Then, you will receive a notification that you have been debited, and POS will print the receipt.

2. Multi-card Capability

3. Quicker Reconciliation

4. Fast Process

5. Newest Technology

6. Industry Standard Fraud Protection

7. High-end data security

8. Online reporting

9. Settlement

Also, see: How To Get Palmpay POS Machine In Nigeria

How To Request For A Zenith Bank POS Terminal

You can request a POS terminal through your relationship officer. Upon request and completion of the registration process, you will be issued a POS terminal free of charge to start your business transactions.

And you will also need to download and install the Zenith Bank agent banking app on your mobile device.

How To Apply For ZenithBank POS Machine

To apply for a ZenithBank POS machine, you are to:

• Visit your nearest ZenithBank branch and fill out an application form.
• Provide all the required documents and information requested on the application form, which may include your business registration certificate, identification documents, and proof of address.
• Once your application is processed and approved, you will be required to pay a one-time activation fee.

The bank will then ask you to install the Zenith Bank app and give you an activated POS machine. Provided that you have your business location, you will get it within a few days, depending on the availability of the device and your business location.

Frequently Asked Question

• How much can I withdraw from Zenith Bank POS daily?

In this table, you will see the daily amount you can withdraw from your card (daily limit).

• How much does the ZenithBank POS agent charge per transaction?

There are no charges, except for online fund transfers. Zenith to Zenith transfers incur no charges, Local Money Transfer (LMT) transfer fee is ₦210. A transfer from a Zenith account to other banks will incur NEFT or Interswitch charges depending on the switching platform used to make the transfer.

Note: 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.