opay pos machine

How To Apply for OPay POS Machine in Nigeria (2023)

Share This Post!

Are you looking for how to apply for Opay POS machine in Nigeria? OPay is a fast-growing Fintech start-up in Nigeria. OPay POS is a mobile payment platform that allows you to make payments at any point-of-sale terminal with your smartphone.

OPay POS is a Nigerian company that allows businesses to accept payments through their Point of Sale (POS) devices. Running an Opay POS in Nigeria makes you a “mini-bank” for your local environment.

This blog post will discuss how to apply for an OPay POS machine in Nigeria, their various charges, and earn more money from it. It will also explain how to obtain and use a POS (Point of Sale) terminal in Nigeria for withdrawals, transfers, deposits, and other transactions. OPay never charges for any transaction done on the OPay app.

Starting a POS business is very lucrative in Nigeria

RELATED POST: How to Start POS Business in Nigeria – Become a POS Agent in 2022

How Do I Qualify to Apply for an OPay POS in Nigeria

So, what are the requirements for applying for an OPay POS in Nigeria? We have provided an accurate guide below to help you out with this.

Criteria 1: The app’s transaction patterns and user interface must be known to agents. As a result, you must be able to use the OPay App to complete several transactions.

Criteria 2: You have to complete several transactions within four weeks of utilizing the OPay App.

ALSO READ: How To Get Free POS In Nigeria (2023)

How does opay pos work in Nigeria?

OPay POS (Point of Sale) is a mobile payment solution that allows merchants to accept payments from customers using their mobile phones. It works as follows:

  1. The merchant downloads the OPay app and signs up for an account.
  2. The merchant connects a POS device (such as a card reader) to their mobile phone.
  3. The customer opens the OPay app and initiates a payment by scanning a QR code displayed by the merchant.
  4. The customer enters the payment amount and confirms the transaction.
  5. The payment is processed and the funds are transferred to the merchant’s account.
  6. The app also provides features such as tracking sales, managing inventory and generating reports.

This system eliminates the need for merchants to have traditional card payment terminals and allows customers to make payments using their mobile phones.

How to Request an OPay POS Machine?

What is the procedure for requesting an OPay POS Machine? Follow the three-step method detailed below to obtain an OPay POS machine properly.

Before upgrading to KYC, click here to create an account

#1: You are required to upgrade KYC to Level 3

You must first upgrade your KYC level to ‘Merchant Level’ (level 3) to be eligible. Follow these procedures to upgrade your OPay Profile to KYC Level 3:

  • Go to the ‘Me’ section.
  • To access Account Details, click the picture icon (upper left).
  • Choose Upgrade to Level 3.
  • Upload a photo of yourself
  • Upload a valid ID card (for example, an international passport, a voter’s card, a national identification card, or a driver’s license).
  • Attach a current utility bill (PHCN bill, water bill, rent receipt, LAWMA waste bill)
  • Upload your BVN code/number.
  • Click on Submit

The OPay team will assess and approve/deny your KYC within 24-72 hours. Once your KYC is approved, you will receive email or SMS alerts.

#2: Change your profile to that of a merchant.

Once your profile has been upgraded to KYC 3, follow the below procedures to switch to a Merchant:

  • Go to the ‘Me’ section.
  • To access Account Details, click the picture icon (upper left).
  • Upgrade to Merchant by clicking Upgrade.
  • Fill in your company’s information (name, address, etc.) and click Next.
  • Complete the required fields.
  • Upgrade it by clicking the Upgrade button.

NOTE: Your request must be reviewed and approved/declined by the Opay Team.

#3: Apply as a merchant

You can now go to ‘Merchant Apply’ after upgrading to KYC level 3 and switching your OPay profile to Merchant.

The steps to successfully go to ‘Merchant Apply’ and request an OPay POS Machine in Nigeria are below:

  • Log in to your OPay app.
  • Select the ‘Merchant Apply’ option.
  • Fill out the form on the next page with all required information.
  • You are to Upload your last transaction for the past 3 (three) months in the space provided.
  • Then, upload a valid ID card (for example, an international passport, a voter’s card, a national identification card, or a driver’s license).
  • Take a picture of your workstation and upload it to the portal.
  • Send it for review.

NOTE: The Opay Team reviews your request and decides whether to approve or deny it.


How much is POS charges in Nigeria?

The POS fees charged by Opay are small, and it boasts one of the most affordable prices for its excellent services. The cost of using Opay POS varies depending on the transaction.

This fee fluctuates depending on how much money you’re transacting. The larger the amount of money you are transacting, the higher the fee.

OPAY charges 0.5 percent on withdrawals up to N20,000 and N100 on withdrawals beyond N20,000.

 They also charge N10 for deposits of N5000 and lower, N20 for deposits of N5,001 and up to N10,000, and N30 for any transfer exceeding N10,000.

Important note: Out of these charges, Opay will give you a commission or interest rate, which will be calculated based on your current level. Opay has four different levels based on the total number of withdrawals you make each month. Le

Below is the breakdown:

1.       Monthly withdrawal for regular merchants:  range N2,999,999

2.       Monthly withdrawals for gold merchants: range from N3,000,000 to N4,999,999.

3.       Monthly withdrawals for Platinum merchants: N5,000,000 or more


This implies that for any amount less than N20,000, you’ll be charged N5, and for any amount more than N20,000, you’ll be charged N100 (note that this applies to all merchants; the difference is in the commission/bonus Opay will return to their wallet dependent on the merchant level).

  • During withdrawals, Platinum merchants receive a 15% discount (commission).
  • During withdrawals, gold merchants receive a 10% discount (commission).
  • During withdrawals, regular merchants receive an 8% discount (commission).

While awaiting a deposit

  • Platinum merchants receive a 30% deposit reduction (commission)
  • On deposits, gold merchants receive a 25% discount (commission).
  • On deposits, regular merchants receive a 15% discount (commission).

FAQS about Opay Pos Machine

Where and How To Download the Opay POS App?

This link will take you to the Playstore, where you can download the Opay App for

For Android click here 

For iOS, click here

How much does it cost to apply for an OPay POS Machine in Nigeria?

One good thing about the OPay POS app is that it is free. You do not have to pay a dime before downloading it from the google play store. However, the most recent official OPay POS machine’s prices are as follows

  • N50,000 for the OPay Smart POS
  • N35,000 for the OPay Traditional POS, and
  • N8,500 for the OPay Mini POS.

CHECK OUT: 14 Genuine Online Investment Platforms In Nigeria

When will I receive the OPay POS after I apply?

For pending OPay POS requests, the turnaround time is 24 hours. This means that if you apply for an OPay POS Machine in Nigeria at 2 p.m. today, you will receive it by 2 p.m. the next day. Once it is authorized or denied, you will receive an SMS/email.

Become an OPay Merchant

What are the costs and commission structure for OPay POS?

The commission structure and costs for Opay POS are determined by the amount of transactions processed through the terminal.

What if there’s a problem with the POS equipment later?

Once your request for the POS terminal has been granted, the support staff in charge of agents will call you to arrange for the pickup of the POS equipment for immediate usage. In addition, an engineer will be assigned to you and other OPay agents in your area.

Where Can I Pick up my Opay POS Machine?

Once your application for Opay POS is approved, you will be alerted via email about your pickup location.

Conclusion: OPay POS

OPay POS is a payment platform that allows businesses to accept card payments from their customers. The application process for OPay POS is straightforward, and there are no monthly fees or subscription charges for using the OPay POS service. Starting a POS business is very lucrative in Nigeria

Contact OPay through email at [email protected] if you have any questions or concerns about any of these steps.

Contact OPay customer service via chat at +234 (01) 8888329.

For fraud-related issues with the Opay POS machine, visit https://opayweb.com/contact-us

Opay Office Address

Alexander House, Otunba Jobi Fele Way. Ikeja. Lagos, Nigeria.

Our office service hours are Monday – Friday from 9 a.m. to 5 p.m. (WAT)

For information Visit OPay POS

Share This Post!

Leave a Reply

Your email address will not be published. Required fields are marked *