Opay POS Machines 2024: How to Apply, New Price & Charges

Opay POS Machines 2024: In recent years, the use of Point of Sale (POS) machines has become increasingly popular in Nigeria, revolutionizing the way businesses handle payments.

Also, with recent cash scarcity in the country, there is a high volume of individuals looking to use POS to ease their daily transactions and aid a cashless economy, a new policy in town. 

Opay, a leading financial technology company, offers reliable and efficient POS machines to facilitate seamless transactions for merchants. 

In this blog post, we will delve into the details of Opay POS machines in 2024, including how to apply for one, the new pricing structure, and the associated charges.

By understanding the application process and the costs involved, businesses can make informed decisions about integrating Opay POS machines into their operations.

What is Opay POS? 

Opay POS is a portable device that allows businesses to accept payments through various methods, including card payments, mobile wallets, and QR code scanning.

It offers a convenient and secure way for merchants to process transactions quickly, enhancing customer experience and improving business efficiency. 

There are different types of Opay POS, all with different features and usage structures. Let’s quickly look into the types available.

Types of Opay POS

There are 3 most used Opay POS, they are:

1. Opay smart POS Machine: this is a POS machine that works on an android system, it uses a card terminal.
2. Opay mini POS machine: this is the most portable and durable POS machine, it’s very easy to use.
3. Traditional Opay POS Machine: it is the first set of POS rolled out by Opay

Depending on your preference and use, these POS machines have different features and have different prices. Since you now know the types of Opay POS available, let’s quickly check their benefits and prices

Why should you choose Opay POS Machines 

Opay POS machines offer several advantages for businesses, including:

1. Increased payment options: With Opay POS, businesses can accept a wide range of payment methods, including card payments, mobile wallets, and QR codes, providing customers with more flexibility.
2. Improved efficiency: POS machines facilitate faster transactions, reducing waiting times for customers and improving overall business efficiency.
3. Enhanced security: Opay POS machines prioritize security, ensuring that transactions are encrypted and protected against fraud.
4. Detailed transaction records: The POS machines provide detailed transaction records, allowing businesses to track and analyze sales data, streamline inventory management, and gain insights into customer preferences.

OPay POS machine price

The pricing of Opay POS machines in Nigeria is determined by the specific type of machine. The Opay Smart (android) POS is priced at N50,000, the Opay Traditional POS costs N35,000, and the Opay Mini POS is priced at N8,500.

It is important to note that while there is no charge for the Opay POS application form, the cost mentioned above is applicable for acquiring the device itself.

Now, it’s time to apply for Opay POS machine

How to Apply Opay POS Machine in Nigeria 2024

There are two ways to apply Opay POS machine, these two ways are:

1. Via the Opay website
2. Via the Opay App

Follow the guides below to apply for Opay POS machine either through the website or the Opay Mobile App

How to Apply Opay POS Machine Via Opay Website

To apply for an Opay POS machine online, follow these simple steps:

1. Visit the Opay website: Start by visiting the official Opay website (www.opayweb.com) and navigate to the POS machine section.
2. Fill out the application form: Provide the required information in the application form, including your business details, contact information, and the location where you plan to use the POS machine.
3. Submit the application: After completing the form, submit it online. Opay will review your application and contact you for further processing.
4. Verification and documentation: Opay may request additional documents, such as your business registration certificate and identification proof, to verify your application.
5. Installation and training: Once your application is approved, an Opay representative will install the POS machine at your business location and provide necessary training on its usage.

That’s it! Continue enjoying your Opay POS machine

How to Apply Opay POS Machine via Opay Mobile App

To apply for Opay POS machine on the mobile App, follow these guides:

1. Install the Opay mobile app on your phone.
2. Open the app and proceed to sign up for a new account.
3. Provide the necessary information and ensure accuracy while filling out the registration form.
4. Once your account is created, proceed to complete the Know Your Customer (KYC) verification process.
5. Follow the instructions and provide the required documents to upgrade your account to KYC level 3.
6. After successfully upgrading to KYC level 3, navigate to your account settings and switch to a Merchant Account.
7. In your Merchant Account, locate and click on the “Merchant Apply” button.
8. Fill out the Opay POS registration form with all the correct and relevant details.
9. Make sure to upload the necessary documents as specified in the registration form.
10. Additionally, capture a snapshot of your business station and upload it as requested.
11. Finally, submit your application for review, and await the Opay team’s assessment and response.

The OPay assessment team will get back to you if you are qualified for the collection of the OPay POS. They will get it delivered to your location and will train you on the usage. 

Nairagrowth’s conclusion on Opay POS machine

Opay POS machines offer businesses a convenient and reliable solution for processing payments. By understanding the application process, pricing structure, and associated charges, businesses can make informed decisions about integrating Opay POS machines into their operations. 

The seamless transaction experience, increased payment options, and enhanced security make Opay POS machines a valuable tool for businesses of all sizes.

Apply for an Opay POS machine today and take advantage of the benefits it brings to your business, improving customer experience and boosting overall efficiency.

However, if you still have any questions regarding this post simply leave us a comment in the comment box below, and we will get back to you as soon as possible!