Business transactions have gone to another level especially in Nigeria. These days most there are a lot of POS agent sending and receiving money. The initiative have greatly impacted the lives of Nigerians positively because it’s easier now to send or receive money locally instead of going to the bank and queueing up.
For small businesses, most transaction now are done either with a direct transfer or through a POS machine. Because of the new way of transacting business now in the country, the demand for Opay POS machine has increased. And in this article, we will be showing you how to collect free Opay POS machine whether you are in Lagos, Abuja, or any city you are in Nigeria.
Opay is a licensed Mobile Money Operator (MMO) by Central Bank of Nigeria (CBN). They have the approval of the country’s apex bank to operate as an international money transfer agent facilitating remittances to B2B, B2P and P2P in the country.
Opay POS machine has provided secure and convenient payment solutions to individuals, small business owners and entrepreneurs.
What is Opay POS?
Opay POS (Point of Sale) is a payment terminal that enables a business owner to seamlessly accept payment from customers. It is one of the top mobile payment platforms in Nigeria which improves customer experiences for all types of businesses.
This helps to facilitate transaction by making payments process through debit cards or mobile wallet easier and more efficient.
What Can Opay POS Do?
There are several things Opay POS machine can do. The following are what you can do with Opay POS machine;
Cash withdrawal.
Fund transfer.
Instant settlement.
Check customers’ account balances.
Payment of utility bills.
How to Get an Opay POS Machine
Firstly, you need to download the Opay app
Create an account if you haven’t already. But if you have, sign into your profile
Upgrade your account from KYC 1 to level 3
Then on your Opay app, go to “Me”
Tap the picture icon on the top left to go to Account Details
Tap Upgrade to Level 3
Upload your picture
Upload a valid ID card such as NIN, Voter’s card, driver’s license
Upload a recent utility bill
Upload your BVN
Submit
Once you have submitted your application, the Opay team will then start reviewing your application. Usually the review and approval takes about 2 – 3 days. Once your application is accepted, you will receive an SMS and email notification.
How Much is Opay POS Machine?
The current price for an Opay Smart POS machine is N85,000. A traditional Opay POS machine is N50,000 while Opay Mini POS machine is N35,000.
However, the Opay POS machine application is free but if you want to be an Opay POS agent, you must have at least N20,000 caution fee in your Opay wallet. Once your POS application is approved, the caution fee will then be debited from your wallet and refunded to you only when you as an Opay agent return the POS machine to the company.
Requirements to Get an Opay POS Machine
To get an Opay POS machine, here are the requirements you need to provide;
Your Bank Verification Number (BVN)
A utility bill that is within the last three months for merchant registration as proof of address
Copy of your NIN, Voter’s card, driver’s license.
1 passport photograph.
How to Register as an Opay Agent
To register as an Opay agent, you must first of all have an Opay app. In the Opay app, you must upgrade from KYC 1 to KYC 2. And to do this, you must provide your BVN, date of birth, state of residence .
If you are just an Opay user and you want to be an Opay agent, you can upgrade from user to agen through the following ways
Open the Opay app
Tap on Account and then tap on your current KYC level located below your name.
Tap on upgrade to be an agent
Once you have upgraded successfully to KYC 2 level, you are now an Opay agent
If you are applying to be an Opay agent for the first time ever then follow the steps below
Log onto Opay official website and click on ‘Merchant’
Then click on ‘creat an Online Merchant Account ‘. If you want to sign up as just an online agent without a POS machine, then click in ‘Create a POS Merchant Account’. But if you want to get the POS Machine, the fill out the forms for both categories of applications.
Alternatively, you can download the Opay app from the Google Play store. Register your account. And send an email to ng-support@opay-inc.com requesting merchant registration form.
Conclusion
To get an Opay POS machine is easy regardless of the state you are in Nigeria. All you have to do is follow the instructions given above. There are different kinds of Opay machines and anyone of them can perform a transaction with ease.