How Much Does it Cost to Get a POS Machine from Opay?

If you’re a business owner in Nigeria, you know how important it is to accept payments from your customers in a fast and convenient way. You also know how expensive and frustrating it can be to get a POS machine from some of the traditional providers.

That’s why you should consider getting a POS machine from Opay, one of the leading fintech companies in Africa. Opay offers a range of products and services that make your life easier, such as mobile money, savings, loans, bills payment, and more.

But what makes Opay stand out from the crowd is their mini POS machine, a portable and powerful device that lets you perform transactions like check-outs, withdrawals, deposits, airtime/data top-ups, and other mobile banking services.

In this blog post, I’ll show you how to get a POS machine from Opay, how much it costs, and why it’s the best option for your business. Let’s get started!

How to Apply for a POS Machine from Opay

Applying for a POS machine from Opay is very simple. You can do it from the comfort of your smartphone, using the Opay Business app. Here are the steps you need to follow:

  • Download and install the Opay Business app from the Play Store or the App Store.
  • If you already have an Opay account, log in using your phone number and password. If not, sign up for a free account and verify your identity.
  • Tap on the “My POS” icon at the bottom of the screen.
  • Tap on the “Apply for POS” button and select the type of POS machine you want. You can choose between the mini POS and the regular POS. The mini POS is smaller, cheaper, and more functional than the regular POS, so I recommend you go for that one.
  • Select the state and city where you want to pick up your POS machine. You can also request delivery, but you’ll have to pay an extra fee for that.
  • Provide your bank statement for the last two or three months. This is to prove that you have enough transactions and income to qualify for a POS machine. You can upload a PDF file or take a photo of your statement.
  • Provide one or two emergency contacts. These are people who can vouch for you in case of any issues with your POS machine or your account.
  • Pay the caution fee. This is a refundable deposit that you have to pay to secure your POS machine. The amount depends on the type of POS machine you choose. For the mini POS, the caution fee is N10,000, while for the regular POS, it’s N20,000. You can pay with your Opay balance, bank transfer, or card.
  • Provide a photo of your valid government-issued ID and a photo of your shop or business location. This is to verify your identity and address.
  • Submit your application and wait for approval. This can take up to one week, depending on the volume of applications and the availability of POS machines. You’ll receive a notification via SMS, phone call, or email when your application is approved or rejected.
See also How Much Is Opay POS Machine, Price (Daily Target & Commission)

That’s it! You’ve successfully applied for a POS machine from Opay. Once you get your POS machine, you can start accepting payments from your customers and enjoy the benefits of Opay.

How Much Does It Cost to Get a POS Machine from Opay

As I mentioned earlier, the cost of getting a POS machine from Opay depends on the type of POS machine you choose and whether you want to pick it up or have it delivered.

Here’s a breakdown of the costs involved:

  • Caution fee:

  • This is a refundable deposit that you pay when you apply for a POS machine. For the mini POS, it’s N10,000, while for the regular POS, it’s N20,000. You can get your caution fee back if you return your POS machine in good condition or if you upgrade to a preferred merchant status.
  • Delivery fee:

  • This is an optional fee that you pay if you want your POS machine delivered to your location. The delivery fee varies depending on your location and the availability of delivery agents. You can check the delivery fee on the Opay Business app before you place your order.
  • Transaction fee:

  • This is the fee that you pay for every transaction that you make with your POS machine. The transaction fee is 0.6% for the mini POS and 0.75% for the regular POS. However, you can reduce your transaction fee to 0.5% if you upgrade to a preferred merchant status. To do that, you need to have at least 100 transactions per month and maintain a minimum balance of N10,000 in your Opay account.
See also How Much Is Opay POS Machine, Price (Daily Target & Commission)

As you can see, the cost of getting a POS machine from Opay is very affordable compared to other providers. You don’t have to pay any monthly or annual fees, and you can get your caution fee back if you meet the requirements.

Why You Should Get a POS Machine from Opay

Now that you know how to get a POS machine from Opay and how much it costs, you might be wondering why you should choose Opay over other providers.

Well, there are many reasons why Opay is the best option for your business. Here are some of them:

  • Opay is more than just a POS provider. It’s a complete fintech platform that offers a range of products and services that can help you grow your business and improve your financial well-being. You can use Opay to save money, borrow money, pay bills, buy airtime and data, and more.
  • Opay has a large and loyal customer base. Opay has over 5 million users in Nigeria, who use the app for various purposes. By getting a POS machine from Opay, you can tap into this huge market and attract more customers to your business. You can also offer incentives and discounts to Opay users to increase your sales and revenue.
  • Opay has a reliable and secure network. Opay uses advanced technology and encryption to ensure that your transactions are fast, smooth, and safe. You don’t have to worry about network failures, fraud, or theft. You can also monitor your transactions and balance on the Opay Business app, and get support from the Opay customer care team anytime you need it.
  • Opay has a flexible and friendly policy. Opay doesn’t impose any strict or hidden rules or fees on its merchants. You can get a POS machine from Opay without any guarantee deposit, monthly fees, or hidden charges. You can also get instant settlement for your transactions, and enjoy lower charges if you upgrade to a preferred merchant status.
See also How Much Is Opay POS Machine, Price (Daily Target & Commission)

FAQs

Here are some of the frequently asked questions about getting a POS machine from Opay:

  • How long does it take to get a POS machine from Opay?

  • It can take up to one week to get a POS machine from Opay, depending on the availability of POS machines and the volume of applications. You’ll receive a notification when your application is approved or rejected, and when your POS machine is ready for pick up or delivery.
  • How do I activate my POS machine from Opay?

  • To activate your POS machine from Opay, you need to download and install the Opay POS software on your smartphone. You’ll receive a link to download the software and a QR code to scan when you get your POS machine. Once you scan the QR code, your POS machine will be activated and ready to use.
  • How do I use my POS machine from Opay?

  • To use your POS machine from Opay, you need to connect it to your smartphone via Bluetooth. Then, you can use the Opay POS app to perform transactions such as check-outs, withdrawals, deposits, airtime/data top-ups, and other mobile banking services. You can also print receipts and check your transaction history on the app.
  • How do I get support for my POS machine from Opay?

  • If you have any issues or questions about your POS machine from Opay, you can contact the Opay customer care team via social media, telephone, or email. The contact details are:
  • Social media: @OPayNigeria on Facebook, Twitter, and Instagram
  • Telephone: 0700 8888328 or 01 888328 (App & Card queries), 0700 8888329 or 01 888329 (POS Business queries)
  • Email: [email protected] (App & Card queries), [email protected] (POS Business queries)

Conclusion

Getting a POS machine from Opay is one of the best decisions you can make for your business. Not only will you be able to accept payments from your customers in a fast and convenient way, but you’ll also enjoy the benefits of Opay’s products and services, such as savings, loans, bills payment, and more.

Opay’s POS machines are affordable, reliable, and secure. You can get one without any hassle, and start using it right away. You can also reduce your transaction fees and get your caution fee back if you upgrade to a preferred merchant status.

So what are you waiting for? Apply for a POS machine from Opay today and take your business to the next level!

I hope you enjoyed this blog post and found it helpful. If you did, please share it with your friends and leave a comment below. I’d love to hear your thoughts and feedback. Thanks for reading!

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