One of Nigeria’s most prominent digital banks, Kuda, has launched SoftPoS, which allows smartphone users to accept payments on their phones. The new “Software Point of Sale” feature allows you to receive contactless cards and turns your smartphone into a payment gateway. We will explain how to use Kuda SoftPoS to make money.
The feature works on any Android phone running on Android version 8.0 or higher with an NFC module. You can kiss goodbye to using PoS machines and solely depend on your phone with the new Kuda SoftPoS. The new feature lets you pay with a tap with your plastic or virtual ATM. This article will guide you on everything you need to know about the new update and how to make money from it.
How to Use Kuda SoftPoS to Make Money
How to turn on Sales Mode on the Kuda App
Before you can even make a dime from the new feature, you need to activate it on your mobile phone first. Sales mode is a feature on the kuda business mobile app, and it is your first step towards making money with the new feature.
It turns your mobile phone into a PoS terminal, and sales mode on SoftPoS allows you to use multiple smartphones as a PoS terminal. The mode will help you save money and monitor your business account constantly.
Here is how to turn on the sales mode:
- Ensure the Kuda Business mobile app is available on the smartphone; open the app and tap on sign in to use kuda business in sales mode.
- Type in the access code, then tap sign in.
- Tap on start to turn on Sales Mode.
How to receive a card Payment using the Kuda SoftPoS
- Log into your Kuda Business mobile app, and tap on sell.
- Type in the exact amount you are receiving from your customer.
- Tap charge, tap pay with card, and choose the type of account linked with your customer’s card and proceed.
- Tap your customer to tap their card against your phone, and then ask them to type their pin.
- Tap send a receipt or skip.
You need to ensure that the phone you’re using has Near Field Communication (NFC); if not, it won’t work.
How to Receive USSD or QR Code Payment
- Sign in to your kuda business mobile app and tap on sell.
- Type the amount you are receiving from your customer.
- Tap charge, tap pay with USSD, then choose the bank your customer wants to pay with.
- Ask your customer to dial the USSD code or scan the QR code with their phone.
- Tap Send Receipt or Skip.
This can be a great alternative if your customer’s phone doesn’t have NFC.
How to Receive Payment through Pay with Kuda
- Sign in to your kuda business mobile app and tap on sell.
- Type the amount you are receiving from your customer.
- Tap charge, and tap pay with kuda.
- Scan the QR code on your customer’s phone, then ask them to type their Pay ID, don’t save your customer’s Pay ID with you.
- Tap Send Receipt or Skip.
How to make Money using Kuda SoftPos
Making money with the new kuda feature is similar to making money with a traditional POS. You charge money depending on how much a customer is depositing or withdrawing using your service. Setting up your business at a location where customers can reach you easily is vital. The only difference in using this service is that you don’t have to carry and depend on a large POS terminal.
Conclusion
It is vital to have a phone with an NFC connection if you want to use the feature. Hopefully, this will serve as a complete guide, and in case you have any questions feel free to ask in the comment section below.
