OPay, also known as Paycom, is a rapidly growing fintech company in Nigeria that has opened up numerous opportunities for Nigerians. One of the latest opportunities they offer is the OPay Merchant program, which allows individuals to become OPay Agents. As an OPay Agent, you can acquire their POS machine and offer services such as bill payments, withdrawals, and money transfers, enabling you to generate income over time.
One common question I often come across online is, “How can I apply for an OPay POS machine?” Well, you’re in luck! In this article, we’ll provide you with the answers you seek. In this article, we’ll guide you on how to apply for an OPay POS in Nigeria and become a registered OPay Agent, allowing you to start earning money.
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Prices of OPay POS Machines in Nigeria
If you’re looking to expand your payment options, OPay has got you covered with their range of POS machines. Let’s dive in and check out the current prices of OPay POS machines in Nigeria.
- OPay Smart (Android) POS: If you’re after a POS machine with cutting-edge features, the OPay Smart (Android) POS is the way to go. Packed with the power of Android, this device offers a seamless payment experience for you and your customers. To get your hands on this advanced POS, the cost is ₦60,000.
- OPay Traditional POS: For those who prefer a more traditional approach to payment processing, the OPay Traditional POS is a reliable choice. With its robust functionality, this POS machine handles transactions like a pro. The price for the OPay Traditional POS is ₦45,000.
- OPay Mini POS: If you’re looking for a compact and affordable option, the OPay Mini POS is perfect for you. Despite its small size, it’s mighty when it comes to processing payments. The cost of the OPay Mini POS is ₦20,000.
Once you’ve applied for an OPay POS as an agent, you can expect to receive the device within 24-72 hours, depending on your location in Nigeria.
Steps on How to Apply for OPay POS in Nigeria
Before you can apply for an OPay POS in Nigeria, you need to follow certain steps. These steps involve completing specific transactions and having certain documents that demonstrate your suitability to become an OPay agent. These steps are somewhat similar to the process of buying now and paying later in Nigeria.
To Qualify for an OPay POS in Nigeria, You Must:
- Have an OPay account.
- Be an experienced POS agent familiar with the operation of multiple transactions using a POS machine.
- Have a good transaction history on your OPay account.
If you meet these qualifications, let’s proceed to the application process for an OPay POS. The application process consists of two steps, each with its own set of sub-steps. Pay close attention and ensure you don’t miss any of the steps.
Step 1: Upgrade Your KYC to Level 3
If you’re already an active OPay user, you’re likely a Level 2 user. However, to acquire an OPay POS machine, your account must be upgraded to Level 3. Follow these steps to upgrade your KYC (Know Your Customer) to Level 3:
- Log into your OPay account and click on your profile (Me).
- Go to the account details section and click on “Upgrade to Level 3.”
- You’ll be prompted to upload the following documents: a government-issued ID, a passport photograph, and a utility bill.
- Once you’ve provided the necessary documents, click on the “Upgrade Limit” button and submit your documents. The verification process may take 2 or more working days to complete.
Step 2: Upgrade to a Merchant Account
- Firstly, download the OPay Business App from the Google Play Store.
- Once you’ve downloaded and installed the app, launch it and sign in using your regular OPay account.
- After signing in, you’ll see a banner that says “Upgrade to a Merchant to Apply for POS.” Click on it.
- You’ll be required to provide details about your shop address, information, and shop website. Additionally, include multiple images showing the front view and inside of your shop.
- Once you’ve completed these steps, proceed to provide any additional details requested.
- Finally, submit your application. It may take around 48 hours to receive a response indicating whether your application has been accepted or not.
After the 48-hour period, if your application is successful, you can easily request your POS machine. However, if your application is declined, take the opportunity to understand the reasons for the rejection and consider reapplying.
Conclusion
I hope you found this article helpful. If you encounter any difficulties during the setup and verification process, ensure that you provide accurate information. Applying for an OPay POS in Nigeria is straightforward if you have the required documents. Becoming an OPay agent is an excellent way to increase your earnings, as they offer generous commissions for daily and monthly transactions conducted by their agents.
Remember, being an OPay Agent not only benefits you but also contributes to enhancing the convenience and efficiency of payment services for customers. So, take this opportunity to join the OPay network and enjoy the benefits it brings to your business and financial growth.