How to Apply and Get OPay POS Machine – You will be given the opportunity to function as a “mini-bank” for the people in your immediate neighbourhood if you sign up to become an OPay agent. According to the information provided in another article, OPay is a Nigerian fintech company that is experiencing rapid growth. They are the industry leaders in a variety of fields, and agency banking is one of those fields. When you have more time, you can review the OPay Agent guide. This article serves as a guide for Opay agents in Nigeria on how to get or apply for a POS terminal, which can be used for withdrawing money, transferring money, depositing money, and other financial transactions. You will be able to increase the amount of money you make as an agent in your community if you do this.
After you have successfully registered on the OPay Agent Portal to become an OPay agent, you will be able to submit an application for a POS terminal or machine.
How do I determine if I meet the requirements to apply for an OPay POS in Nigeria?
Agents are required to have a thorough understanding of the transaction logic and user interface of the app. Therefore, in order to use the OPay app effectively, you should be able to carry out more than one transaction at a time.
After downloading and installing the OPay app, you must complete a large number of transactions within the first four weeks.
How do I Make a Request for an OPay Point-of-Sale Machine?
The very first thing you need to do is download the OPay app on your mobile device.
Log into your profile, please.
Upgrade KYC to Level 3
The following steps need to be taken in order to bring your OPay Profile up to KYC Level 3:
Click on the ‘Me’ link.
To access your account details, select the image button located in the upper left corner of the screen.
Simply click the Upgrade to Level 3 button.
Please upload your photo.
You will need to upload a valid ID card, such as a passport, voter card, national identification card, or driver’s license.
Please upload a recent copy of your utility bill (PHCN bill, water bill, rent receipt, LAWMA waste bill)
Upload over your BVN.
Submit
The OPay Team will review your Know Your Customer (KYC) information and either approve or decline it within 24 to 72 hours. Once your Know Your Customer (KYC) request is approved, you will receive notifications via email and text message.
4. Change Your Profile to That of a Merchant
In order to switch your profile to Merchant profile once it has been upgraded to KYC 3, follow the steps outlined in the following guide:
Click on the ‘Me’ link.
To access your account details, select the image button located in the upper left corner of the screen.
Simply click the Upgrade to Merchant button.
After you have entered your Business Information (such as the name of your company, address, etc.), click the Next button.
Please provide the necessary information.
Click Upgrade
Your request will be examined by the Opay Team, who will then either grant it or deny it.
5. Applying to be a Merchant
You are now able to go to the “Merchant Apply” page once you have upgraded to KYC level 3 and have changed your OPay profile to reflect that you are a merchant.
The following is a condensed and simplified process flow that will guide you through requesting or applying for an OPay POS Machine in Nigeria by going to the “Merchant Apply” website.
Launch the OPay app on your machine and sign in.
Select the ‘Merchant Apply’ option on the opay-pos-merchant-apply-banknaijaicon website.
On the following page, fill in all of the required information as it is requested.
Please upload a history of your financial dealings for the past three months.
You will need to upload a valid ID card, such as a passport, voter card, national identification card, or driver’s license.
Capture an image of your working space, and then submit it through the upload system.
Send in for consideration.
***The Opay Team will review your request and either approve or decline it.
FAQS
Where can I find the Opay app, and how do I download it?
You can download the Opay application for Android by following this LINK and downloading it from the Play app.
If you have an Apple device, you can get the Opay app from the App Store by clicking on this LINK.
In Nigeria, how much does it cost to apply for an OPay POS machine?
However, the most recent official POS prices for OPay POS machines are N50,000 for an OPay Smart POS, N35,000 for an OPay Traditional POS, and N8,500 for an OPay Mini POS. The OPay POS application is COMPLETELY FREE, but the prices for the OPay POS machines are as follows:
When will I receive the OPay POS after I have applied for it?
The pending OPay POS requests have a turn-around time of twenty-four hours. This indicates that if you apply for an OPay POS Machine in Nigeria at two o’clock today, you will have it before two o’clock tomorrow if you do not experience any delays. You will be notified via email or text message once your request has been accepted or approved.
How much do OPay POS charges cost, and what is the commission breakdown?
The Opay POS charge structure and commission percentages change depending on the total number of transactions processed through the terminal.
What happens if I have a problem with the POS device after it has already been used?
After the approval of your request for the POS terminal, the support team that is in charge of agents will get in touch with you regarding the pick-up of the POS device so that you can start using it right away. You and the other OPay agents in your area will each have a dedicated engineer to assist you with any technical issues that may arise. It is now time to begin a business.
