POS agents usually charge a fixed fee for each ₦10,000 (or part of it) withdrawn, or a percentage. With ₦200 per ₦10,000, a ₦30,000 withdrawal costs the customer ₦600. Your profit is that charge minus what your terminal provider takes. Set your own fees below, because charges differ by area and provider.
How the POS Charges Calculator works
- Enter the amount the customer withdraws.
- Choose a fee per ₦10,000 or a percentage, and enter your fee.
- Enter the terminal charge your provider takes, and its maximum if there is one.
- See the charge, your profit and the cash to give.
Worked example
A customer withdraws ₦30,000 at a POS stand that charges ₦200 per ₦10,000.
Customer pays: ₦600
Terminal charge (0.5%, capped at ₦100): ₦100
Agent profit: ₦500
Terminal charges vary by provider; enter yours.
Common mistakes to avoid
- Not knowing your provider's current terminal charge
- Charging differently for the same amount
- Not recording daily charges
Need a different calculator?
Show your charges clearly
Put a written price list on your stand. Customers trust agents who are clear about charges, and it stops arguments when a withdrawal crosses into the next ₦10,000.
Track your daily profit
At the end of each day, add up the charges collected and subtract terminal charges and cash-movement costs such as transport to the bank. A simple daily record shows whether the stand is really profitable.
Frequently asked questions
How much do POS agents charge per ₦10,000?
It varies by area and time, often between ₦100 and ₦300 per ₦10,000. Set yours and display it.
Do I charge for transfers too?
Many agents charge a small fee for transfers. Use the percentage option for those.
Should I give receipts?
Yes, for big withdrawals and transfers. It protects both you and the customer.
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