Bankly is a digital savings and transaction platform that gives users the ability to save to their wallet with tokens on Bankly vouchers without issue. This process is more like the process of recharging your sim whenever you are low on credit.
Bankly allows you to recharge your account balance, there is a Bankly app available on Google Play Store for Android users, you can also make use of it via an ATM, SMS, USSD, mobile wallets, or using a POS machine. Performing transactions like airtime purchases, bill payments, money transfers, and others is made simpler.
The requirement to get a Bankly POS
Before you apply for a Bankly POS you need to make sure you meet the below requirements:
Navigate to the agent dashboard and select POS from the page
Click on Request POS, check the notice to accept the POS Terms and Conditions
View the Daily POS transaction targets (targets that must be met)
Proceed by selecting the number of terminals you need and then upload an EOD
Confirm your POS (point of sale) request, input your transaction PIN, and click Done
Now keep these requirements in check, you need the following:
A valid Identity card (National ID, Voter’s card, International passport e.t.c)
A Verified BVN (Bank Verification Number)
Utility Bill ( Nepa bill, Water bill, etc.)
A valid bank account
Business license (in case it’s a business)
Personal information (Name, Gender, Address, Phone number, Email address, etc.)
How to Become a Bankly Agent
Generally starting a POS business require investment known as startup capital.
As a Bankly agent, you can make from N150,000 to N200,000 and above. You get a commission on every transaction you carry out such as cash deposit, cash withdrawal, airtime purchase, and bill payments, Bankly charges a 2% commission on bill payments.
You can request a Bankly POS via the App or the website, there is a rule governing the POS which is the retrieval of POS if more or 30 transactions are not made a day.
To get a Bankly POS follow these steps:
- Navigate to the official website here
- Scroll and click on the Become a Bankly Agent button
- Fill out the form and click on submit
You also have another way to get a Bankly POS
This one needs you to buy to the POS through a Bankly Aggregator
You can always find one in your area, just go to them and you will be registered
Pay and get your Bankly POS
Bankly POS charges
The Bankly POS charges 0.3% for each POS withdrawal, and the transfer charge is N35 flat rate. These are the charges you charged each customer depending on their transaction type and amount. This shows that for every N1000 you withdraw for a customer, they get deducted 5 Naira and for a deposit or transfer they get charged N10 depending on the amount.
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How much can I get the Bankly POS?
A Bankly POS costs N15,000 depending on your choice, you can be refunded N10,000 if the POS machine is returned in good condition. You also can purchase off the POS depending on your choice.
For free POS, you need to meet the daily 30 target transaction, or else the POS will be retrieved from you.
Read Also: Kudi POS (Nomba): How To Become An Agent In Steps
How much commission is given to Bankly?
Below is a list of the commissions you can earn with Bankly POS when you carry out transactions like;
MTN 1.6% commission
Glo 2.8% commission
Airtel’s 1.76% commission
Etisalat 2.8% commission
TV Subscription.
DStv 1.2% to 1.4% commission.
GOtv 1.2% to 1.4% commission.
IKEDC 1.2% commission
IBEDC 0.8% commission*.
AEDC 0.96% commission
Benefits of being a Bankly POS Agent
As a Bankly agent, you get to enjoy some financial benefits. It is categorized below;
An agent with 50,000 points becomes an Oga and can get up to N50,000 loan
A Bankly agent with 300,000 points becomes a Supa and can get up to N300,000 loan and a weekend overdraft.
An agent with 500,000 points becomes a Chairman and can get up to N500,000 loan, weekend drafts, and health insurance.
How to download the Bankly app
To download the Bankly app is easy, all you need to do is follow these:
Go to Google Play Store on your Android device
Search for Bankly Agent, click on install
Open and start the registration
How to fund your Bankly wallet
To fund your Bankly wallet, have several ways to do that;
You can fund your walled via Bank transfer
ATM payment
Card usage
Bankly Customer care
In case you encounter an error while using any of Bankly’s services you can contact them using;
Hotline: 080 399 000 60
Email address: hello@bankly.ng
Office address: 11b Oko Awo St, Eti-Osa 101241, Victori Island
Here are some other Content you might like
- The Cheapest POS Charges In Nigeria
- Get Your Opay Pos Machine for your Business
- List of pos machine with no target
