How to track POS transaction in Nigeria?

Read all about how to track POS transaction in Nigeria.

The Point of Sales method of payment is becoming very popular in Nigeria, majority of medium scale and large scale business use the POS as a means of receiving payments from their customers.

As a customer, it is very convenient to use your ATM card to pay for goods & services, without the need to move around with physical cash.

The POS method of payment is usually a safe, fast and a secure way of making payments and also for receiving payments, if you are business owner.

With all the problems that the POS has solved, there is still the problem of theft, fraud and payment disputes. There are still some few people who see the POS system as a way of defrauding unknowing people.

There are many reasons why you may want to track a POS transaction, which can range from getting debited without your authorization and other form of Payment disputes.

In this post, I am going to be writing about all you will need to know about how to track POS transaction in Nigeria and more.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

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What is POS?

POS (point of sales) machine is a terminal that processes credit or debit cards and finalizes the transaction. The POS machine duties involves reading data of a client’s credit/debit card, transferring the money from the client’s account to the trader’s as well as recording the transaction details.

How to track POS transaction in Nigeria?

If you want to track POS transaction, you will need to get all the details of the transaction like the amount, the transaction date, the transaction time, transaction ID and every other necessary details of the transaction.

Once you do this, you will need to contact your debit card issuer i.e. your bank, you can do this by visiting the nearest bank branch.

You will have to explain the reason why you want to track the transaction and provide all the details listed earlier and request for them to investigate.

You should know that only your bank can successfully investigate the transaction, so the faster you contact them, the better.

If the issue is fraud related, then they will also block your ATM card i.e. if you have not already done this yourself, this is to prevent any further unauthorized transaction from going through.

Summary

With the above, you should now have an idea on how to track POS transaction in Nigeria. If you need further help, then don’t hesitate to contact us by visiting our contact us page or leaving us a comment below in the comment section and we will get back to you as soon as we possibly can.

Conclusion

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