How to Apply For Opay POS Machine and Become an Agent

As an OPay agent, you have the opportunity to become a “mini-bank” for your local community with the Opay POS Machine. OPay is a rapidly growing fintech company in Nigeria, excelling in various areas including agency banking. This article serves as a guide for OPay agents on how to obtain and apply for a POS (Point of Sale) terminal in Nigeria, enabling you to offer withdrawal, transfer, and deposit services, among others, and generate additional income within your neighborhood.

Once you have successfully signed up to become an OPay agent through the OPay Agent Portal, you can proceed to apply for a POS terminal/machine. It is important for agents to be familiar with the transaction patterns and user interface of the OPay App, as you will be required to perform multiple transactions using the app. Furthermore, agents are expected to complete a high volume of transactions within four weeks of using the OPay App.

How to Apply For OPay POS Machine

To request an OPay POS machine, follow these steps:

Download the OPay App onto your device.

1. Sign in to your profile if you already have a profile or create a new profile on the app.
2. Upgrade your Know Your Customer (KYC) status to Level 3. To do this, follow these steps: 
   • Go to the “Me” section.
   • Click on the picture icon located at the top left to access your Account Details. 
   • Select “Upgrade to Level 3.” 
   • Upload your picture. 
   • Upload a valid ID card (International Passport, Voters’ Card, National ID, or Driver’s License). 
   • Upload a recent utility bill (e.g., PHCN bill, water bill, rent receipt, LAWMA waste bill). 
   • Upload your Bank Verification Number (BVN). 
   • Submit your information. 

Please note that it may take 24-72 hours for the OPay team to review and approve/decline your KYC upgrade. You will receive email and SMS notifications once your KYC is approved.

Switch your profile to Merchant

• Go to the “Me” section. 
• Click on the picture icon located at the top left to access your Account Details. 
• Select “Upgrade to Merchant.” 
• Provide your business information, including the name and address. 
• Fill in the required information.
• Click “Upgrade.” 

The OPay team will review and approve/decline your request.

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Applying for Opay POS Machine

Apply as a Merchant – Once you have upgraded to KYC Level 3 and switched your OPay profile to Merchant, follow these steps: 

• Log in to the OPay app on your device. 
• Choose the “Merchant Apply” icon. 
• Enter all the necessary information as requested. 
• Upload your transaction history for the past three months. 
• Upload a valid ID card (International Passport, Voters’ Card, National ID, or Driver’s License). 
• Take a snapshot of your business station and upload it to the portal. 
• Submit your application for review.

Cost of OPay POS Machine

Applying for an OPay POS machine in Nigeria is free of charge. However, the latest official prices for OPay POS machines are as follows: N50,000 for OPay Smart POS, N35,000 for OPay Traditional POS, and N8,500 for OPay Mini POS.

After submitting your application, the turnaround time for pending POS requests is typically 24 hours. This means that if you apply for an OPay POS Machine in Nigeria at 2 pm today, you can expect to receive it before 2 pm tomorrow. You will receive an SMS or email notification once your application is approved or declined.

POS Charges and Commission Structure

OPay POS charges and commission structures vary based on the transaction volume conducted through the terminal.

If you encounter any issues with the POS device after receiving it, you will be contacted by the support team responsible for agents regarding its pickup and immediate use. An engineer will also be assigned to assist you and other OPay agents in your area. Your business as an OPay agent can then commence.

OPay POS Agent FAQs

Q: What is OPay?

A: OPay is a fast-rising fintech company in Nigeria that offers various financial services, including agency banking.

Q: How can I become an OPay agent?

A: To become an OPay agent, you need to sign up through the OPay Agent Portal and fulfill the necessary requirements.

Q: What is a POS terminal?

A: A POS (Point of Sale) terminal is a device that allows users to perform financial transactions such as withdrawals, transfers, and deposits.

Q: How can I request an OPay POS machine?

A: To request an OPay POS machine, you need to download the OPay App, sign into your profile, upgrade your KYC status to Level 3, switch your profile to Merchant, and then apply for the POS machine through the “Merchant Apply” section in the app.

Q: How much does it cost to apply for an OPay POS machine?

A: Applying for an OPay POS machine is free of charge. However, there are specific prices for different types of POS machines available.

Q: How long does it take to receive an OPay POS machine after applying?

A: The turnaround time for pending POS requests is typically 24 hours. You will be notified via SMS or email once your application is approved or declined.

Q: What are the charges and commission structures for using the OPay POS terminal?

A: The charges and commission structures for the OPay POS terminal vary depending on the transaction volume conducted through the device.

Q: What should I do if I encounter issues with the POS device?

A: If you experience any issues with the POS device, you will be contacted by the support team responsible for agents who will assist you. An assigned engineer will provide support for you and other OPay agents in your area.

Q: Can I perform multiple transactions using the OPay App?

A: Yes, as an OPay agent, you are expected to be able to perform multiple transactions using the OPay App, so it’s essential to familiarize yourself with its transaction patterns and user interface.

Q: How can I generate more income as an OPay agent?

A: As an OPay agent with a POS terminal, you can offer financial services to your neighborhood, such as withdrawals, transfers, and deposits, which will allow you to generate additional income.