Last Updated on April 1, 2025 by admin
Applying for an Opay POS machine can be a strategic move for businesses looking to enhance their payment processing capabilities and serve customers more efficiently.
The mobile app payment services made their debut in the Nigerian market back in 2010. Since then, Opay has emerged as one of the go-to payment processors for both merchants and consumers. there POS machines are known for their reliability, user-friendliness, and a variety of features that make them incredibly convenient for businesses across Nigeria.
The POS machine is like your business’s new best friend – it helps you accept card payments hassle-free. Whether you’re selling fruits yam or fixing cars, this little device is a game-changer for your business. Say goodbye to the “cash only” sign and hello to convenience!
Opay’s POS machines are versatile mobile payment devices that support a wide range of payment methods, including magnetic stripe cards, chip cards, contactless NFC payments, and QR code scanning. These devices run on an Android operating system with a quad-core processor, offering options for 1GB RAM with 8GB storage or 2GB RAM with 16GB storage
Read; How to activate Opay USSD code fo All transaction, transfer, airtime, OTP, Balance and data
Why Choose OPay pos machine
Choosing an OPay POS machine comes with several benefits that make it a popular choice for businesses in Nigeria. Here are some reasons why they stand out:
1. OPay offers low transaction fees, making it cost-effective for businesses to process payments and maximize profits.
2. Transactions are settled instantly, ensuring that you have quick access to your funds without delays.
3. OPay POS machines are designed to be durable and lightweight, making them easy to use and suitable for various business environments.
4. The POS machines support a wide range of payment methods, including:
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- Card payments (e.g., Visa, Mastercard, Verve).
- Bank transfers.
- QR code payments.
- Mobile money.
5. Beyond payment processing, OPay POS machines allow businesses to offer extra services such as:
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- Airtime and data purchases.
- Bill payments (e.g., electricity, cable TV).
- Money transfers.
6. OPay provides 24/7 customer support to assist with any issues or inquiries, ensuring smooth operations for your business.
7. Unlike some competitors, OPay does not require a minimum float balance, making it accessible for small and medium-sized businesses.
8. Applying for an OPay POS machine is straightforward and can be done through the OPay app or by contacting an OPay agent.
Read: How to contact Opay customer care service -Phone number
How to Apply for OPay POS Machine
To apply for an OPay POS machine, you must first create and activate your OPay account. Once your account is active, you need to upgrade it to a Merchant account. This upgrade is necessary to access the POS application process.
After upgrading, you can request a new POS terminal through the OPay platform. It is important to note that there are no charges to apply for the POS machine, but the cost of the device itself varies depending on the type you choose
- Visit the Google Play Store or Apple App Store and download the Opay Business App.
- Open the app and register as a merchant by providing your details, such as name, phone number, and email address.
- Upload the necessary documents, including:
- A valid government-issued ID (e.g., NIN, voter’s card, driver’s license, or international passport).
- Recent bank statements (last 2-3 months).
- Emergency contact details.
- A photo of your business location.
- Choose the type of POS machine you want (e.g., traditional POS or Android POS).
- Pay the required caution fee, which is typically:
- ₦45,000 for the traditional POS machine.
- ₦65,000 for the Android POS machine.
- ₦10,000 for the Mini POS machine.
- Complete the application process by submitting all the required information and documents.
- Opay will review your application, which may take up to one week. You’ll be notified via SMS, email, or phone call once your application is approved.
- After approval, you can pick up your POS machine at the designated location.
Alternative Option
You can also visit an Opay office or contact their customer service for assistance with the application process.
The approval process for an OPay POS machine application typically takes between 24 to 72 hours. After submitting your application with all the required documents and information, the OPay team will review your request. If approved, you can expect to receive your POS machine within a few days after the approval.
However, the exact timeframe may vary depending on factors such as the volume of applications being processed and the completeness of the information provided
Read: How to contact Palmpay customer care service ,Phone number and email address
How do I become an Opay merchant?
To become an OPay merchant, you need to complete the account registration form, which requires several pieces of information.
This includes your first name, last name, business name, phone number, email address, and a password with a minimum of 8 characters. You will also need to confirm your password and specify your merchant type, whether individual or corporate, as well as your average monthly collection.
Additionally, you must select the type of service you want from OPay, such as online, in-store POS, or both. Required documents include a national ID card, a utility bill, and a passport
How do Opay agents make money?
Opay agents make money by providing financial services to customers and earning commissions on each transaction. Here are the main ways they generate income:
1. Agents earn a percentage commission on services such as:
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- Cash Withdrawals: Customers can withdraw cash from their Opay wallets or bank accounts through the agent’s POS machine.
- Cash Deposits: Agents assist customers in depositing money into their Opay wallets or bank accounts.
- Money Transfers: Agents facilitate transfers to other Opay users or bank accounts and earn a fee for each transaction.
2.Agents sell airtime and data bundles to customers and earn a small profit margin on each sale.
3. Agents help customers pay utility bills (e.g., electricity, water, cable TV) and earn commissions for processing these payments.
4. By using Opay POS machines, agents can accept card payments for goods and services, earning transaction fees.
5. Opay offers bonuses to agents who refer new customers or merchants to the platform. This can be an additional source of income.
6. With the increasing adoption of digital payments in Nigeria, Opay agents benefit from a steady flow of customers needing financial services, ensuring consistent earnings.
Becoming an Opay agent is a great way to generate income while providing essential financial services to the community.
