Nigeria

GTBank POS Machine Free Transaction Charges

Check GTBank POS processing charge and merchant payout in NGN.

Uses GTBank's published zero processing fee update effective February 11, 2025 for qualifying SME merchants.

Transaction Details

GTBank states processing fees for POS transactions were reduced to zero for qualifying SME merchants from February 11, 2025.

Result

Transaction Amount₦50,000.00
GTBank POS Charge₦0.00
Merchant Payout₦50,000.00

Charge Rule Used

PeriodRule
From February 11, 2025Processing fee for qualifying GTBank SME POS transactions is zero

FAQs

What charge does this page use for GTBank SME POS transactions?

Zero processing fee from GTBank's February 11, 2025 update for qualifying SME merchants.

Is this zero charge for every merchant account?

GTBank says this applies to qualifying SME merchants. Confirm with GTBank if you are unsure.

What does merchant payout mean here?

It is the transaction amount minus GTBank POS processing charge used on this page.

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