If you’re a business owner or entrepreneur in Nigeria, accepting payments from customers is crucial to the success of your business. One way to accept payments is through a Point of Sale (POS) system, which allows you to accept debit and credit card payments from your customers. Hope Bank is one of the banks in Nigeria that offers POS services to its customers. In this article, we will walk you through the steps to apply for a Hope Bank POS in Nigeria.

Step 1: Gather Your Business Documents

Before you can apply for a Hope Bank POS, you need to have the necessary business documents. These documents include:

• A valid means of identification (national ID card, driver’s license, international passport, or voter’s card)
• Certificate of incorporation
• Business registration document
• Utility bill (not older than three months)
• Tax identification number (TIN)
• Bank statement (not older than three months)

Make sure that you have all these documents ready before proceeding to the next step.

Step 2: Visit a Hope Bank Branch

The next step is to visit a Hope Bank branch nearest to you. You can use the Hope Bank website to find the nearest branch to you. Once you get to the branch, ask to speak with a customer service representative about getting a POS for your business.

Step 3: Provide Your Business Information

The customer service representative will ask you for information about your business. This information includes your business name, business address, business registration number, TIN, and the type of business you run. You will also be asked about your expected transaction volume, your current bank account details, and the type of POS machine you want.

Step 4: Provide Personal Information

After providing your business information, the customer service representative will ask you for personal information. This includes your full name, home address, email address, and phone number.

Step 5: Submit Your Application

Once you have provided all the required information, the customer service representative will give you an application form to fill out. The form will require you to provide all the information you have already given and any additional information that may be necessary. Fill out the form completely and accurately, then submit it along with the required business documents.

Step 6: Wait for Approval

After submitting your application, you will need to wait for approval. The approval process usually takes a few days to a week. Once your application is approved, you will be notified and asked to come back to the branch to pick up your POS machine.

Step 7: Install and Activate Your POS

After picking up your POS machine, you will need to install and activate it. The customer service representative will guide you through the installation and activation process. Once your POS is installed and activated, you can start accepting debit and credit card payments from your customers.

FAQS ON HOPE BANK POS

HOW MUCH IS HOPE BANK POS ?

Hope Bank will only charge you N20,000 as a cautionary fee for the Hope Bank POS

How long will it take you to get a Hope Bank POS

Usually it can take between a day  to 1 week to get a Hope Bank POS. 

What is Hope Bank code?

Hope Bank USSD code is *569*9#. This is the code to create an account on Hope Bank and also perform other forms of transactions like transfer, aitime purchase, gotv payment, dstv payment, data purchase and lots more

HOW MUCH DOES HOPE BANK CHARGE FOR POS

How does Hope Bank POS charge?

Hope Bank charges N30 on withdrawal and N10 to N20 on every deposit of depending on the amount

Hope Bank POS charge for withdrawal

That means if you withdraw as follow

N1000 charges is N30

N2000 charges is N30

N3000 charges is N30

N4000 charges is N30

N5000 charges is N30

N6000 charges is N30

N7000 charges is N30

N8000 charges is N30

N9000 charges is N30

N10,000 charges is N30

N11,000 charges is N50

N12,000 charges is N50

N13,000 charges is N50

N14,000 charges is N50

N15,000 charges is N50

N16,000 charges is N50

N17,000 charges is N50

N18,000 charges is N50

N19,000 charges is N50

N20,000 charges is N50

Any amount above N20,000 charges is N50

Any amount above N100,000 charges is N50

Hope Bank POS charge for deposit/transfer

That means if you deposit as follow

N1000 charges is N10

N2000 charges is N10

N3000 charges is N10

N4000 charges is N10

N5000 charges is N10

N6000 charges is N10

N7000 charges is N10

N8000 charges is N10

N9000 charges is N10

N10,000 charges is N10

N11,000 charges is N20

N12,000 charges is N20

N13,000 charges is N20

N14,000 charges is N20

N15,000 charges is N20

N16,000 charges is N20

N17,000 charges is N20

N18,000 charges is N20

N19,000 charges is N20

N20,000 charges is N20

Any amount above N20,000 charges is N20

Any amount above N100,000 charges is N20

How to fund your Hope Bank wallet

There are several ways to fund your Hope Bank account

The first way is via Bank transfer. That is, Hope Bank provides you with a unique account number which is usually displayed at the top of your dashboard, you can copy this account number and go to your other bank mobile app to transfer any amount you wish to fund your wallet (just the way you do normal bank transfer). After dialing the code and processing the transaction successfully, check your wallet to see if it reflect. 

How do I contact Hope Bank customer care if i have any issue

Hope Bank has one of the most responsive customer support in agency banking.You can always reach them via their email info@hopepsbank.com

Whatsapp 09017856291

Call: 01-2272871

Physical address: Hope Payment Service Bank Ltd,

Commerce House,

1, Idowu Taylor Street,

Victoria Island, Lagos.

How much commission does Hope Bank give on services

Here are the commissions Hope Bank will pay you as an agent when you buy airtime, or pay for Tv subscription for a customer or pay electricity bill for customers

MTN 2.8% commission

Glo  3.80% commission

Etisalat  3.30% commission

Airtel 3.80% commission

FOR TV Subscription.

DStv N60 commission.

GOtv N60 commission.

IKEDC 1.7% of value plus N50 commission

PHEDC 0.8% of value plus N50  commission

ENUGU POSTPAID 0.8% of value plus N50 commission

IBEDC 1.8% of value plus N50  commission*.

KEDCO 1.8% of value plus N50 Commission

For questions or further details, talk to us in the comments and we will respond swiftly