Opay POS: How To Get Opay POS Machine, Opay POS Machine Price, Daily Target

Opay POS: How To Get Opay POS Machine, Opay POS Machine Price, Daily Target

Opay is a CBN licensed mobile money platform that offers low fees and a wide range of services. It is not just a mobile payment company but also a one-stop mobile platform for payment, transportation, food & grocery delivery, and other services.

If you’re interested in becoming a POS agent with Opay, there are step-by-step guides available on how to get Opay POS fast. Do you have an idea of the current Opay POS machine price? Whether yes or no, I’m here to help through this article.

Before you learn how to get opay pos machine, opay pos machine price, daily target, do ensure you know about the requirements. Purchasing the POS and start up capital aren’t the only requirements.

Requirements to get Opay POS

To get an Opay POS machine, you will need to fulfill certain requirements. Here are the common requirements to apply for an Opay POS:

• Register your business or brand on the Opay mobile application or website.
• Provide your Bank Verification Number (BVN).
• Submit a utility bill or another bill dated no later than three months as proof of address.
• Retain at least a N20,000 caution fee in your Opay Wallet.
• Be located in a crowded area etc.

Opay POS Machine Price: How Much Is Opay POS Machine In 2023? 

The price range of the Opay POS machine is usually between N50,000 to N60,000. 

There is certainly no proper assurance of how much you can get it but the price usually fall in-between N50,000 to N60,000.

Opay POS Daily Target

From my research, I found out Opay does not specify a target for POS merchant. However, there’s much assumption that the Opay POS daily target in 2023 is N60,000. 

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While this might not be truth, it’s recommended for you to determine an appropriate daily target for your Opay POS machine, consider factors such as your average transaction value, the number of transactions you can reasonably expect to process each day, and any revenue goals you have set for your business. 

It’s also important to analyze your historical sales data, market demand, and customer behavior to help inform your target setting.

How To Get Opay POS Machine In 2023 Easily

Here’s how to get Opay POS machine easily and hassle-free:

Visit the Opay website: Go to the official Opay website and navigate to the “Merchant” section.

Register as a merchant: Look for the option to register as a merchant or business owner. 

Fill out the required information, which may include your business details, contact information, and verification documents.

Provide necessary documents: Opay may require certain documents for verification purposes. 

These can include your identification documents, proof of address, and business registration documents.

 Make sure you have these documents ready to streamline the process.

Wait for approval: After submitting your registration and documents, you will need to wait for Opay to review and approve your application. 

This may take some time, so be patient during the evaluation process.

Order the POS machine: Once your application is approved, you will receive instructions on how to order the Opay POS machine. Follow the provided guidelines to place your order.

Receive and activate the POS machine: After ordering, you will receive the Opay POS machine. Follow the instructions provided to activate the device and link it to your Opay merchant account.

Start using the POS machine: Once activated, you can start using the Opay POS machine to accept payments from customers.

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Make sure to familiarize yourself with the device’s features and functionalities for smooth operations.

What is the daily target of Opay POS?

As mentioned earlier, there’s much assumption that the Opay POS daily target is N60,000.

While this might not be true, I will recommend you to determine an appropriate daily target for your Opay POS machine, consider factors such as your average transaction value, the number of transactions you can reasonably expect to process each day, and any revenue goals you have set for your business. 

How does Opay charge per transaction?

Opay charges per transaction based on a percentage of the transaction amount. 

The exact charges will depend on the type of transaction and the specific terms and conditions set by Opay. 

For example, Opay POS charges 0.5% on every withdrawal below 20,000 Naira, and a flat fee for withdrawals above 20,000 Naira.

Can I use Opay to send money internationally?

No, currently Opay does not support international money transfers. 

Opay’s services are primarily focused on domestic money transfers and other financial transactions within the country where it operates.

How long does it take for funds to be transferred with Opay?

As an Opay, I can strongly testify to the fact that Opay strives to provide instant transfers, but there may be occasional delays due to unforeseen circumstances.

Can I use Opay without an internet connection?

No, an active internet connection is required to use the Opay app and access its services. 

Opay relies on internet connectivity to facilitate transactions and provide real-time updates on your account balance and transaction history.

Is Opay available in all countries?

No, Opay is currently available in select Nigeria. However, the company may plan to expand its services to other countries in the long run.