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Point of Sale (PoS) Terminals
A PoS terminal is a portable electronic device that enables the processing of credit and debit card payments for products and services at retail locations. The PoS terminal provides a convenient, modern and efficient means of processing payment online in real-time.

Features of the PoS

  • Fast processing: The transactions can be processed within four-to-eight seconds via an internet connection
  • Multi card acceptability: The PoS terminal accepts all cards including international Visa and Mastercard debit/credit cards and all local debit/credit cards
  • EMV compliant: The PoS terminal is EMV compliant and accepts the more secure Chip and PIN cards that prevent fraud
  • Online real-time reporting and quicker balancing: The terminal conveniently views real-time data, search transactions, customizes reports and analyse sales trends
  • Newest technology: The PoS uses the latest equipment, including up-to-date software designed to help reduce fraud and enhance data security

Requirements for a Prospective Merchant

How to acquire a PoS terminal:
  • A prospective Merchant must maintain a Current account with Access Bank.
  • The Merchant is required to complete a PoS Application form.
  • Following receipt and approval of the completed PoS application, the PoS machine will be deployed to the Merchant’s sales location within 72 hours in Lagos and 8 days in upcountry locations.

Benefits of the PoS - Merchants   
  • Reduces exposure to loss due to armed robbery or pilferage by employees
  • Eliminates the cash handling charges incurred when cash is taken to the bank which also results in reduced operational costs
  • Eliminates the inconvenience of the cheque confirmation and clearing period
  • Provides instant confirmation of payment for goods
  • Facilitation of  account reconciliation
  • Increases sales opportunities as Merchants have access to both cash and card-carrying customers
  • Increases potential for customers to make spontaneous purchases

Benefits of the PoS - Customers             
  • Reduces risks associated with cash handling
  • Faster and easier payment processing
  • Fewer customer charges

If you need more assistance, please call +234 1-2802500, +234 1-2712005-7 or email


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