How to use your phone as a pos device with Squad.
Squad is a payment platform from gtbank. Squad as a platform allows business owners to accept payment from their customers by transferring or using their smartphone to debit their cards without using a regular pos machine.
How does Squad Business works?
In order to access the service, the squad Business app must be downloaded from your app store, Then the user will register and update their KYC which can be done in any Gtbank. after this has been down the squad pos will have to b downloaded from the app store and it only supports smartphones that are NFC enabled which will allow it to communicate with the debit card.
How to use the Squad Business pos feature
- Download your Squadpos from the squad app
- Phone must be NFC enabled
- Tap on the squad pos after installation
- place the debit where the NFC is
- insert the pin and make payment.
Note the squad pos only works master and visa contactless card
Squad Business charges
For every payment made by your customer, you will be charged 1% as transaction fees