How Much Is Opay POS Machine, Price (Daily Target & Commission)

If you’re looking for a way to make money in Nigeria, you might have heard of Opay POS machines. These are devices that allow you to accept payments from your customers using their mobile phones, cards, or QR codes. You can also use them to offer other services like withdrawals, deposits, airtime, data, bills, and more.

But how much does an Opay POS machine cost? What are the different types of Opay POS machines? And how much can you earn from using them? In this article, I’ll answer all these questions and more. I’ll also show you how to apply for an Opay POS machine, how to use the Opay business app, and how to contact Opay agents.

What is Opay POS Machine?

Opay POS machine is a portable device that allows you to accept payments from your customers using various methods. You can use it to scan QR codes, swipe cards, or enter phone numbers. You can also use it to perform other transactions like withdrawals, deposits, airtime, data, bills, and more.

The Opay POS machine is powered by Opay, a leading mobile money platform in Nigeria. Opay is a subsidiary of Opera, the company behind the popular Opera browser and Opera News app. Opay has over 5 million users and 300,000 agents in Nigeria, making it one of the largest and most trusted payment platforms in the country.

Why Should You Use Opay POS Machine?

There are many benefits of using Opay POS machine for your business. Here are some of them:

  • It’s easy to use:

  • You don’t need any technical skills or experience to use Opay POS machine. It has a simple and user-friendly interface that guides you through every step of the transaction. You can also use the Opay business app on your smartphone to manage your account, monitor your transactions, and access other features.
  • It’s fast and reliable:

  • Opay POS machine works with any network and any bank in Nigeria. You don’t have to worry about network failures, delays, or errors. You can process payments in seconds and get instant settlement for your transactions. You can also withdraw your money anytime, anywhere, using any ATM or Opay agent.
  • It’s affordable and profitable:

  • Opay POS machine is cheaper than most other POS machines in the market. You don’t have to pay any caution fee, rental fee, or maintenance fee. You only pay a small commission per transaction, which is as low as 0.5% for preferred merchants. You can also earn extra income by offering other services like withdrawals, deposits, airtime, data, bills, and more.
  • It’s secure and compliant:

  • Opay POS machine is equipped with advanced security features that protect your data and your customers’ data. It also complies with the standards and regulations of the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS). You can rest assured that your transactions are safe and legal.
See also How Much Does it Cost to Get a POS Machine from Opay?

How Much Is Opay POS Machine?

The cost of Opay POS machine depends on the type and model of the device. There are two main types of Opay POS machines: mini POS and regular POS.

Mini POS

Mini POS is a small and compact device that fits in your pocket. It has a built-in printer, a keypad, and a screen. It can scan QR codes, swipe cards, and enter phone numbers. It can also perform other transactions like withdrawals, deposits, airtime, data, bills, and more.

The price of mini POS ranges from N20,000 to N30,000, depending on the model and the availability. You can get a mini POS for free if you meet certain criteria, such as having a high transaction volume, a good credit score, and a referral from an existing Opay agent.

Regular POS

Regular POS is a larger and more advanced device that comes with a separate printer, a keypad, a screen, and a barcode scanner. It can scan QR codes, swipe cards, and enter phone numbers. It can also perform other transactions like withdrawals, deposits, airtime, data, bills, and more.

The price of regular POS ranges from N80,000 to N100,000, depending on the model and the availability. You can get a regular POS for free if you meet certain criteria, such as having a high transaction volume, a good credit score, and a referral from an existing Opay agent.

How to Apply for Opay POS Machine?

To apply for an Opay POS machine, you need to follow these steps:

  1. Download the Opay app from Google Play Store or Apple App Store and register with your phone number and email address.
  2. Complete your KYC (Know Your Customer) verification by uploading your ID card, passport photo, and proof of address.
  3. Create a merchant account by choosing a business name, category, and location.
  4. Request for a POS machine by filling out a form with your personal and business details.
  5. Wait for approval from Opay. This may take a few days or weeks, depending on the demand and availability of the POS machines.
  6. Once approved, you will receive a confirmation message and a tracking number for your POS machine.
  7. Collect your POS machine from the nearest Opay office or agent. You may have to pay a delivery fee, depending on your location.
  8. Activate your POS machine by scanning the QR code on the device and linking it to your Opay app.
  9. Start using your POS machine to accept payments and offer other services to your customers.
See also How Much Does it Cost to Get a POS Machine from Opay?

How to Use Opay Business App?

Opay business app is a mobile application that allows you to manage your Opay POS machine and your Opay merchant account. You can use it to:

  • Monitor your transactions and your balance
  • View your transaction history and your commission
  • Generate and print receipts and reports
  • Transfer money to your bank account or your Opay wallet
  • Top up your Opay wallet or your POS machine
  • Pay bills, buy airtime, and data
  • Contact Opay customer support
  • Access other features and benefits

To use the Opay business app, you need to:

  1. Download the Opay business app from Google Play Store or Apple App Store and log in with your phone number and password.
  2. Link your POS machine to your Opay app by scanning the QR code on the device.
  3. Choose the service you want to offer, such as payment, withdrawal, deposit, airtime, data, bills, etc.
  4. Enter the amount and the customer’s details, such as phone number, card number, or QR code.
  5. Confirm the transaction and print the receipt.
  6. Repeat the process for every transaction you make.

How to Contact Opay Agents?

Opay agents are individuals or businesses that partner with Opay to provide financial services to their customers using Opay POS machines. They can help you with:

  • Applying for an Opay POS machine
  • Collecting your Opay POS machine
  • Activating your Opay POS machine
  • Troubleshooting your Opay POS machine
  • Withdrawing your money from your Opay wallet or your POS machine
  • Referring you to other Opay agents or offices

To contact Opay agents, you can:

  • Call them on 0700 8888329 or 01 888329
  • Email them at [email protected] or [email protected]
  • Chat with them on the Opay app or the Opay business app
  • Visit them at their physical locations

You can find the nearest Opay agent or office by using the Opay app or the Opay business app. You can also check the Opay website for more information.

FAQs

Here are some frequently asked questions about Opay POS machine:

  • What is the daily target and commission for Opay POS machine?

  • The daily target and commission for Opay POS machine vary depending on the type of transaction and the status of the merchant. The daily target is the minimum amount of transactions you need to make in a day to qualify for a lower commission rate. The commission is the percentage of the transaction amount that Opay charges you as a service fee. Here are the current rates for different transactions and merchant statuses:
TransactionRegular MerchantPreferred Merchant
Payment0.6%0.5%
Withdrawal0.6% + N100.5% + N10
Deposit0.6%0.5%
Airtime0.6%0.5%
Data0.6%0.5%
Bills0.6%0.5%

To become a preferred merchant, you need to meet the following criteria:

  • Have a minimum transaction volume of N500,000 per month
  • Have a minimum transaction count of 100 per month
  • Have a good credit score and no chargebacks or disputes
  • How long does it take to get an Opay POS machine?

  • It may take a few days or weeks to get an Opay POS machine, depending on the demand and availability of the devices. You need to apply for an Opay POS machine and wait for approval from Opay. Once approved, you will receive a confirmation message and a tracking number for your POS machine. You can then collect your POS machine from the nearest Opay office or agent. You may have to pay a delivery fee, depending on your location.
See also How Much Does it Cost to Get a POS Machine from Opay?
  • How do I activate my Opay POS machine?

  • To activate your Opay POS machine, you need to scan the QR code on the device and link it to your Opay app. You can do this by following these steps:
  1. Open the Opay app on your smartphone and log in with your phone number and password.
  2. Tap on the “POS” icon at the bottom of the screen.
  3. Tap on the “Scan” button and scan the QR code on your POS machine.
  4. Enter the serial number of your POS machine and tap on “Confirm”.
  5. Your POS machine is now activated and ready to use.
  • How do I withdraw money from my Opay POS machine?

  • To withdraw money from your Opay POS machine, you have two options:
  • Transfer money to your bank account: You can transfer money from your Opay wallet or your POS machine to your bank account using the Opay app or the Opay business app. You can do this by following these steps:
    1. Open the Opay app or the Opay business app on your smartphone and log in with your phone number and password.
    2. Tap on the “Wallet” icon at the bottom of the screen.
    3. Tap on the “Transfer” button and choose “Bank Transfer”.
    4. Enter the amount you want to transfer and select your bank and account number.
    5. Confirm the transaction and enter your PIN or fingerprint.
    6. You will receive a confirmation message and an alert from your bank.
  • Withdraw money from an ATM or an Opay agent: You can withdraw money from your Opay wallet or your POS machine using any ATM or Opay agent in Nigeria. You can do this by following these steps:
    1. Open the Opay app or the Opay business app on your smartphone and log in with your phone number and password.
    2. Tap on the “Wallet” icon at the bottom of the screen.
    3. Tap on the “Withdraw” button and choose “ATM Withdrawal” or “Agent Withdrawal”.
    4. Enter the amount you want to withdraw and generate a withdrawal code.
    5. Go to any ATM or Opay agent and enter the withdrawal code and the amount.
    6. You will receive your cash and a confirmation message.

Conclusion

Opay POS machine is a great way to make money in Nigeria by accepting payments and offering other services to your customers. It’s easy to use, fast and reliable, affordable and profitable, and secure and compliant. You can apply for an Opay POS machine online and get it delivered to your location. You can also use the Opay business app to manage your Opay POS machine and your Opay merchant account.

I hope this article has answered all your questions about Opay POS machine, types and price, daily target and commission. If you have any more questions, feel free to leave a comment below or contact Opay agents. Thanks for reading and happy earning!

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