5 Mistakes That Kill POS Business in Lagos (Avoid These in 2026)




I have seen many POS businesses close in Lagos. They all made these same 5 mistakes. Avoid them.


*Mistake 1: Sitting in a Hidden Place*

Don't open your POS inside street where nobody passes. Go to junction, bus stop, market entrance. Location is everything. If 100 people pass your shop daily, at least 20 will do transaction.


*Mistake 2: Having Only One POS*

Network will fail you. If you have only Moniepoint and it fails, customer will go to your neighbor. Always have 2 POS: Moniepoint + Opay.


*Mistake 3: Not Having Change*

Always keep ₦20,000 in small notes: ₦100, ₦200, ₦500. If customer wants to withdraw ₦5,000 and you give all ₦1,000 notes, market woman will not take it.


*Mistake 4: Being Rude*

POS business is customer service. Greet: "Good morning sir, welcome". Smile. If you frown, they will not come back. I lost 10 customers because I was moody one day.


*Mistake 5: Not Writing Daily Profit*

Many people eat their profit. Buy a small notebook. Every night write: How much profit today? How much I spent? If you don't track, you will think you are making money but you are losing.


*Bonus Tip:* Save your profit in Moniepoint Safebox daily. Don't keep all cash in shop.


Read also:

- Opay vs Moniepoint vs Palmpay: Which is Best?

- How to Get Moniepoint POS in 24 Hours


*Conclusion:* Avoid these 5 mistakes and your POS business will grow.


*Question: Which mistake have you made before? Comment below.*


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