OPay POS Machine Prices in Nigeria

In recent years, Opay has emerged as a leading fintech company in Nigeria, transforming from its roots in ride-hailing to providing innovative financial solutions. One of its sought-after services is the provision of POS machines, enabling individuals to dispense cash for small charges. If you’re considering joining this venture, read on to discover the latest Opay POS machine prices in Nigeria and a step-by-step guide on how to apply.

Opay POS Machine Prices in Nigeria

If you’re looking to venture into the Opay POS business, the good news is that Opay offers its POS machines at no cost to its customers. Here’s a breakdown of the latest Opay POS machine prices in Nigeria:

1. Brand new Opay POS terminal: N54,000 – N60,000
2. Opay Traditional POS: N55,000 – N62,000
3. Opay MPOS (new): N20,000 – N25,000
4. Android Opay POS machine: N70,000 – N73,000

Note: Prices are subject to change based on company adjustments and market forces. Regular updates will be provided to keep you informed.

Eligibility Criteria for Opay POS Machine Application in Nigeria

Before applying for an Opay POS machine, ensure you meet the eligibility criteria:

1. Own and operate an Opay account.
2. Bank Verification Number (BVN).
3. Bank account number.
4. Valid means of identification (National ID, driver’s license, voter’s card, or international passport).
5. Recent utility bill (electricity bill).
6. Passport photograph.
7. Picture of the business venue.
8. High volume of transactions on your bank statement.

How to Apply for an Opay POS Machine in Nigeria

The application process for an Opay POS machine is straightforward. Follow these steps:

Step 1: Download Opay Business

• Download the Opay Business app from Google PlayStore or Apple Store.
• Sign up and set up your account.

Step 2: Upgrade to KYC 3

• Tap on the “Account” icon.
• Tap on your name and select “Upgrade to KYC 2.”
• Provide necessary details, including BVN.
• Upgrade to KYC 3 by submitting proof of address, passport photograph, and valid identification.

Step 3: Switch to Merchant Profile

• Log in and tap on your name.
• Select “Upgrade to Merchant” and provide business information.
• Wait for approval.

Step 4: Apply for the POS machine

• Log in and tap on “Merchant Apply.”
• Provide necessary information and upload required documents.
• Wait for approval.

Step 5: Pick your POS machine

• Visit the nearest Opay office to pick up your approved POS machine.

Conclusion:

Becoming an Opay POS machine operator is an accessible and efficient process. With no cost for the machine and a user-friendly application process, Opay provides a lucrative opportunity for those looking to engage in the POS business in Nigeria. Stay updated on prices and eligibility criteria to make the most of this innovative fintech solution.