Fortis Point of Sale (POS) Offer
Fortis Microfinance Bank PLC is pleased to introduce to you our online multi-card Point of Sale (POS) for the payment convenience of your customers. The POS is designed to offer you utmost security and convenience of accepting debit and credit card transactions done with Visa, Verve and MasterCard cards issued both in Nigeria and abroad! With over tens of million cards already issued by Nigerian Banks and still growing, the POS terminal offers you one of the most compelling means of growing your business while eliminating cash handling difficulties and serves you convenience that you can only imagine.
How The POS Works
Step 1: Insert card
Step 2: Select Account
Step 3: Press keys with digits to enter value of goods e.g. N39, 798:00k
Step 4: Press green key to validate amount
Step 5: Enters PIN and presses green key to confirm PIN
Step 6: Terminal screen reads transaction status - approved or declined
Step 7: Press green key to print customers receipt
Step 8: Press green key to print duplicate (merchants) receipt.
When is my account credited for a successful transaction?
I.Cardholder gets instant debit for a successful transaction, so there is the peace of mind that you will be paid for approved amount
II. Merchant (business owner) receives credit within 24 hours (except weekends).
Why do I need to have a PoS for my business?
o Better and faster way of making payments
o Convenient to use for all amounts as cash payment could be bulky
o Reduces risks of theft and cash handling
o Transactions can be monitored online real time
o Report can be generated anytime on the POS terminal for you
o Increases sales as customers buy more with cards than cash at hand
o The economy now demands card payment as a preferred option to cash with large handling charges imposed for individuals and companies who withdraw and pay in cash.
Extral Benefits Includes;
o Cash handling charges will be eliminated once more people pay with cards.
o Free support services such as repairs, training, terminal upgrade, settlement reports
o Free merchandizing and promotional materials; stickers, danglers, decals, etc.
o Zero COT for our Businessextra customers
o Easy access to business loans
o Entrepreneurial guide at a discounted rate
o Customers of Best-Performing locations will be
rewarded with gift items to encourage loyalty
o Promotional items such as signages, stickers, danglers will be provided free of charge.
Who Needs a POS?
With regards to CBN policy on cash lodgments and withdrawals, all businesses that accept cash up to N500, 000 for individuals and up to N3, 000,000 for corporate customers for their daily business transactions require a POS terminal to avoid being charged from 2% in excess of the approved free lodgment limit. These include Supermarkets, Hotels & Restaurants, Electronic Shops, Pharmacies, Boutiques, Hospitals, Distributorships, Airlines, Fat Food, Church/NGO, Telecoms etc.
How to apply for a PoS?
I. Kindly pick up an application form from any of our branches nearest to you OR through your Relationship Officer
II. Fill up the form and return the same after completion
III. ThePOS terminal is deployed at your business location within 4 working days free of charge!
Terms and condition for free POS deployment apply
POS in branch Point Of Sale offers the customer variety of advantages and Fortis is positioned to help customers maximize these advantages. This is a device through which withdrawals can be effected using any bank’s debit card.
Its features include: • Account Inquiry
• Cash Withdrawal
You can enjoy this service at any of our following branches:
For additional information on our POS terminals, please contact us at: firstname.lastname@example.org or call us email@example.com