sunnystar
Active member
POS refers to point of sale wherein transaction can be made with your ATM without using ATM machine in the bank. POS machine is mobile (i.e you can take it from one place to another).
However if you're interested in POS business. You will need to go to bank as an agent with little capital. It does not require huge capital. At least, you can start with $300 if you will buy the POS machine in the bank. Sometimes you can be given freely based on your relationship with the bank staffs.
So when this machine is given to you, an account will be open which will enable you to receive your money whenever you make transaction with your customers' ATM. This account do not always have ATM. So whenever you need money you will have to go to bank and make withdrawal. Besides, this is what I do to make a living here in my country.
However if you're interested in POS business. You will need to go to bank as an agent with little capital. It does not require huge capital. At least, you can start with $300 if you will buy the POS machine in the bank. Sometimes you can be given freely based on your relationship with the bank staffs.
So when this machine is given to you, an account will be open which will enable you to receive your money whenever you make transaction with your customers' ATM. This account do not always have ATM. So whenever you need money you will have to go to bank and make withdrawal. Besides, this is what I do to make a living here in my country.