Are you a POS agent, and do you feel profit is tied to withdrawal charges alone? If you didn’t know, there’s another way to make a profit from cashback rewards. Each time you sell airtime, data, TV subscriptions, or utilities, your service provider credits you with a tiny percentage, typically 2-3% of the transaction value. For instance, a ₦5,000 GOTV payment can drop ₦100–₦150 straight into your wallet, no extra hustle required. Multiply that by dozens of transactions a day, and the numbers become real money. This post will walk you through cashback rewards and benefits.
What Are Cashback Rewards?
Cashback rewards are micro-commissions paid by your aggregator, bank, or fintech partner every time you process “value-added” services like airtime, data, cable TV, electricity, tax, or exam pins.
If a customer pays ₦10,000 for PHCN tokens, → Provider settles the bill → Provider credits your agent wallet with 2–3 % (₦200–₦300). Most platforms pay instantly, while others batch-pay at the end of the day.
Ways Cashback Rewards Boost Your Business
- Pure extra income
If you processed ten electricity tokens of ₦15,000 each at a 3 % cashback rate, you would have made a ₦450 profit. This aside, withdrawal and deposit fees are earned while standing behind the same counter.
- Customer Loyalty
People like one-stop shops. When customers realise they can pay DSTV, buy airtime, and withdraw cash in one visit, they return and even bring friends. - Flexible promos
Do you want to have a competitive edge over the next kiosk? Pass 1% of your cashback to customers as a discount. You still keep the other 1-2% and win their loyalty. - Stable cash flow
Withdrawals deplete your float, but bill payments leave your funds untouched. Cashback drops even on Sundays, so you have a consistent income.
Quick Tips to Maximise Your Cashback
- Pick the right provider: Compare POS terminals and providers’ incentives. Some pay only 1.5 %, others like Kashzoo pay 2- 3 %.
- Track daily: Add a “Cashback” column to your reconciliation sheet so every kobo is accounted for.
- Stay compliant: Follow CBN caps and your provider’s fee guide to avoid penalties.
- Advertise visibly: A simple sign like “Pay bills here & save time” can pull foot traffic from the sidewalk.
Our Take
Cashback rewards are incentives for any Nigerian POS agent who offers bill payments and other services. They cost nothing, demand no extra space, and can quietly add tens of thousands of naira to your monthly profit. If you already have a POS with the cashback feature, activate it on your POS menu today and start earning. If you don’t, contact Kashzoo for a POS terminal that guarantees 2-3% cashback rewards.
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