CBN Reviews POS Charges From 0.2% To 0.75%!!! – Business

CBN Reviews POS Charges From 0.2% To 0.75%!!! – Business – Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Reviews POS Charges From 0.2% To 0.75%!!! (54 Views)

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CBN Reviews POS Charges From 0.2% To 0.75%!!! by TroubleMaker47(m): 10:44am On Feb 11
I just got an email from my bank that CBN has directed all banks to increase the service charge from 0.2% for wholesalers to 0.75% !!! And also increased the service charge cap from 1,000naira to 2,000naira!!!
Staring from 1st March, 2019

For goodness sakes why is this goverment bent on destroying business with there silly policies!!

Re: CBN Reviews POS Charges From 0.2% To 0.75%!!! by bigtt76(f): 10:48am On Feb 11
But they’ve been charging this for long naaaaaa angry or rather my bank been charging me this for long undecided

TroubleMaker47:
I just got an email from my bank that CBN has directed all banks to increase the service charge from 0.2% for wholesalers to 0.75% !!! And also increased the service charge cap from 1,000naira to 2,000naira!!!
Staring from 1st March, 2019

For goodness sakes why is this goverment bent on destroying business with there silly policies!!

Re: CBN Reviews POS Charges From 0.2% To 0.75%!!! by TroubleMaker47(m): 10:50am On Feb 11

bigtt76:
But they’ve been charging this for long naaaaaa angry or rather my bank been charging me this for long undecided

They Included wholesale in that ridiculous tarrif.
Do you sale wholesale?

Re: CBN Reviews POS Charges From 0.2% To 0.75%!!! by TroubleMaker47(m): 10:54am On Feb 11

Wholesale businesses sale with very little gain in other to break even, with dis now they are simply telling we wholesalers to dispose of the POS machines and resort to the cash or transfer, which isn’t safe due to robbery and fraud.

Re: CBN Reviews POS Charges From 0.2% To 0.75%!!! by bigtt76(f): 11:05am On Feb 11
No. Actually using it for customized payment collections for an IGR project

TroubleMaker47:

They Included wholesale in that ridiculous tarrif.
Do you sale wholesale?