Point of Sale (POS) agents have become an essential part of everyday life in Nigeria. From cities to small towns, people rely on these agents to withdraw cash, send money, and perform other banking transactions — without stepping into a bank.
As cash scarcity and long bank queues persist, the POS business is booming. But one question remains on many minds:
👉 How much do POS agents actually make in Nigeria every month?
In this guide, we’ll break it down for you — from daily earnings to monthly profits, and factors that affect income.
Who Is a POS Agent?
A POS agent is a licensed individual or business owner who provides basic banking services using a POS machine.
They typically offer services such as:
Cash withdrawals
Deposits
Money transfers
Airtime and data sales
Bill payments (electricity, cable TV, internet, etc.)
POS agents earn through commissions and service charges for each transaction they perform.
How Do POS Agents Make Money?
Here’s how they typically earn:
1️⃣ Service charges – Agents charge customers a fee for each transaction. Example: ₦100–₦300 for a cash withdrawal.
2️⃣ Bank commissions – Some banks pay agents small commissions for processing certain transactions.
3️⃣ Value-added services – Some agents also make money from selling airtime, data, and bill payments.
How Much Do POS Agents Make Daily?
Here’s an average breakdown:
| Transaction Type | Average Daily Volume | Average Fee (₦) | Daily Earning (₦) |
|---|---|---|---|
| Cash Withdrawals | 40–50 | 100–300 | ₦4,000–₦15,000 |
| Deposits/Transfers | 10–20 | 50–150 | ₦500–₦3,000 |
| Airtime/Data Sales | 5–10 | 20–100 | ₦100–₦1,000 |
| Bill Payments | 1–5 | 50–200 | ₦50–₦1,000 |
👉 Estimated Daily Earnings: ₦5,000–₦20,000+ (depending on location & traffic)
How Much Do POS Agents Make Monthly?
Assuming an average of ₦10,000/day, here’s a rough estimate:
| Frequency | Potential Income |
|---|---|
| Daily | ₦10,000 |
| Weekly (6 days) | ₦60,000 |
| Monthly (24–26 days) | ₦240,000–₦260,000 |
👉 Typical Monthly Range:
₦150,000 to ₦500,000+
Top agents in busy locations (markets, commercial areas) can even make ₦700k+ monthly.
Factors That Affect POS Agent Income
📍 Location – Agents in busy areas earn more.
⏰ Operating hours – Longer hours = more transactions.
⚙️ Service quality – Fast service & friendly behavior attract more customers.
🏦 Bank relationships – Some banks offer better commission structures.
Is POS Business Worth It?
Low startup cost
Steady demand
Can be scaled easily
Daily cash flow
Challenges:
⚠️ Network downtime
⚠️ Security risks (carry out in safe locations)
⚠️ Competition in busy areas
Final Thoughts
POS agents in Nigeria can comfortably make ₦150k–₦500k per month, depending on their effort, location, and service quality.
The business remains one of the most profitable small businesses in the country today — especially for those who take the time to learn, provide great service, and choose good locations.
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FAQ
1. How much does it cost to start a POS business in Nigeria?
₦50,000–₦150,000 (POS machine, initial float, shop setup).
2. Is POS business profitable?
Yes — consistent agents earn steady monthly income.
3. What is the best location for a POS business?
Markets, commercial centers, student areas, transport hubs.
4. Do I need a license to operate as a POS agent?
No— most banks just require registration and onboarding.
5. What bank is best for POS business?
Popular options include First Bank, Opay, Moniepoint, Palmpay.
