₦25,000

There was a time in the history of trading and commerce that one had to carry a lump sum amount of yams in exchange for a goat. Times changed and the mode of payment was cowries.

Further down the lane, paper currencies and coins became the means of transaction. Now in the 21st century all you need do is swipe a card, punch some digits and your transaction is successful.

A POS (Point Of Sale) terminal, more commonly called "POS machine" in Nigeria, is a portable device that allows businesses accept bank card payments for transactions. Most POS terminals are issued by banks. The POS system was introduced by the Central Bank of Nigeria in 2012 as part of its plan to enforce the cashless policy in financial transactions across the country.

Point-of-sale terminals have become necessary machines at any store or business that accepts electronic cards. This discusses some important points regarding the advantages of opting for a POS machines, selection process from the different products available and their price range.