I honestly do not know why you will go into any business without making profit. No wonder have received several mails, calls and whatsApp chat requesting how they are going to make money by being a QuickTeller PayPoint Agent.
I have good news for you if you are thinking of becoming a QuickTeller PayPoint Agent but worried on how to make profit. Today’s piece is going to be dedicated to how your profits are calculated as a QuickTeller PayPoint Agent. However, it is good you read my previous post on how to be a QuickTeller PayPoint Agent; here is the link in case you missed it.
I will make this post a question and answered post so that you can have clear understood of what is happening here. The questions have received is stated bellow:
Question 1: How much do I need to start this business (QuickTeller PayPoint Agent)?
Answer: You will need only TEN THOUSAND NAIRA to get started! This you will definitely increase on the long run, but it’s all you need for a START.
Question 2: What is the need for the TEN THOUSAND NAIRA?
Answer: That is the money used to found your account for you to start the business.
Question 3: Who owns the TEN THOUSAND NAIRA; me or QuickTeller?
Answer: You! This TEN THOUSAND NAIRA is completely your money! You can use it to start the business and make money with it before you start investing more into the business.
Question 4: Why do I need to invest TEN THOUSAND NAIRA?
Answer: It is the minimum you must invest for Quick Teller to know you are ready for the business.
Question 5: How do I make money by being a QuickTeller PayPoint Agent?
Answer: You make money through what is called CONVENIENCES FEE! This FREE is what you charge whenever you make any transactions. This CONVENIENCES FEE varies according to transaction:
- From 1 – 5,000 the official convenience FEE is 100 but you can charge more if you want.
- From 5,001 – 10,000 the official convenience FEE is 150 but you can charge more than that.
- From 10,001 – 20,000 the official convenience FEE is 200 buy you can charge more than that.
- Anything above 100,000 the official convenience FEE is 500 but you can charge more.
Question 6: What exactly is the CONVENIENCES FEE?
Answer: It is the extra FEE you charged over every transaction!
Question 7: What happens if the transaction FEE is around 35,000 or something different from the ranges started above?
Answer: You will be given a comprehensive list that carries all the related charges!
Question 8: Do I Completely own the Convenience FEE?
Answer: No!!! The Convenience FEE is sheared 50/50 between you and Quick Teller. E.g If you made a transaction of 5,000; your official conveniences FEE is 100. You will take 50 while Quick Teller takes 50.
Question 9: What happens if I charge more for the conveniences FEE?
Answer: You keep the extra while you and Quick Teller shear the normal Conveniences FEE.