OPay POS: How to Apply, Charges and FAQs (2023)

The first step to being eligible for an OPay POS in Nigeria (2023) is that you need to first become an agent.

How to become an OPay agent - All you have to do is to download the OPay app from the Google Play or Apple App Store and then sign up as an agent. This will enable you to be eligible for the OPay POS machine which can serve as a plus to you to generate extra income in your area.

After you have successfully signed up on the app to be an agent, you must get used to the app interface in no time and know how to use the app to perform some basic transactions. It is also important that you should have performed a notable number of transactions on the app after which you can now proceed to get the OPay POS machine.

Simple Steps to Becoming MTN, GLO, Airtel Sim Registration Agent

How to Request an OPay POS Machine

There are majorly three steps you must follow in order to make your request, the steps involved are outlined below respectively:

Upgrade Your KYC to Level 3

Out of the three steps involved, this is the first important step to take. On the OPay app, after you have registered, you need to upgrade your KYC to Merchant Level 3 by following the below steps:

• On the OPay app, click on “Me”, it will take you to your profile.
• Click on the picture profile account and then go to “Account Details”.
• Tap on “Upgrade to Level 3”.
• For you to be upgraded to level 3, you are required to upload your picture, a valid Government ID (Voter’s Card, Driver’s Licence, National ID or an International Passport), and a recent utility bill (PHCN bill, LAWMA bill or Water bill).
• Fill in your BVN details.
• Then Click on Submit.

After you have submitted your details, the OPay team will verify your documents validity so as to approve your upgrade.

Switching Profile to Merchant

Now that you have upgraded your account to Level 3, the next thing which is the second step is to proceed to switching profile to “Merchant”.

• On the OPay app again, go to “Me” to gain access to your profile.
• Click on the picture profile account and then go to “Account Details”.
• Then click on “Upgrade to Merchant.”
• You will be required to enter your business information, enter all the required information.
• Click on upgrade.

After your submission, the OPay team will then verify your documents so as to approve your upgrade.

Merchant Application

Now that you have successfully upgraded to Merchant, the next thing which is last thing to do is to proceed to “Merchant Apply”. This is where you apply to become an OPay POS Merchant.

• Open your OPay app and then go to “Merchant Apply”.
• Fill out the form displayed to you with the required information.
• Upload your last 3 months' transaction history.
• Upload a valid Government ID.
• It is expected that you must have set up a business centre for you to have requested an OPay POS. You will be required to take a picture of your business centre and upload it to the portal.
• Submit when you are done.

After your submission, the OPay team will now review and verify your uploaded documents in order to approve your request.

Frequently Asked Questions (FAQs) and OPay POS Charges

There are some other important things you should know about regarding OPay and its POS system.

• How Much to Apply for the POS Machine in Nigeria? –Application is used to be free but the latest official POS prices for OPay POS machines are N50,000 for OPay Smart POS, OPay Traditional POS costs N35,000, while N8,500 for OPay Mini POS respectively. Please note that prices may change with time.
• After I apply, when will I get the POS? –After you have successfully completed your OPay POS Merchant application, it takes an average of 24hrs for the OPay team to give you back a response. You will receive an SMS/Email notification once your request is approved or declined.
• What are the OPay POS charges and commission structure? –The charges on Opay POS and the commission structure vary according to the volume of the transactions done on the POS terminal.
• What if I have an issue with the POS device afterwards? –An engineer will surely be assigned to you right from the OPay team after your request for a POS has been granted. You can lodge all complaint with the engineer.

You are now finally in business.