In todays article we would be talking about the Opay pos(Point of sale) and the process or requirements required in acquiring the Opay pos.

During the cost of this article i would be bringing to you various information on Opay pos such as how to apply for a Opay pos, what you need to be able to apply for a Opay pos, how much a Opay pos costs in Nigeria, and what the benefits are for being a Opay pos agent.

I would also be giving various other general information that you may find very useful for those venturing into this business region. So without wasting much time let us get started.

WHAT ARE THE REQUIREMENTS NEEDED TO APPLY FOR A OPAY POS

During the course of acquiring a Opay pos you may need some documents, here is a list of documents you will need during this process;

DOCUMENTS;

1. A verified identity card such as International Passport, National ID Card, or Voters Card
2. Business license (for registered business only)
3. Utility bill (common called nepa bill)
4. Valid BVN
5. Valid account number.

Also you may need added credentials such as;

1. DOB (Date of Birth)
2. Full name
3. Email address
4. Phone number

In addition to these requirements you would also need to;

1. Be familiar with the Opay platform and must be able to perform transactions on the platform.
2. Have completed numerous transactions within the last one month on the platform.

HOW TO APPLY FOR A OPAY POS

1. Upgrade your KYC(know your customer) level to level 3 to be eligible.(Usually takes between 1 – 3 days for the upgrade to be approved).
2. Switch profile to Marchant.
3. Go to Marchant apply.
4. Fill in the necessary information as required on the application form given.
5. Upload your transaction history for the last 3 months.
6. Upload a valid ID (National ID, Voters card or International passport).
7. Upload a picture of your business station or work station.
8. Submit application form for review.

PLEASE NOTE: The Opay pos is completely free, but note that you would be required to fund your Opay wallet with at least 20,000 Naira as caution fee charge would take effect but not to worry cause it would be refunded when you return the pos terminal.

HOW MUCH IS THE OPAY POS

Please be informed that the Opay pos is completely free as well as the Opay pos application, but if you require any other of their special Pos services then here is a list of Opay pos prices;
N50,000 for OPay Smart POS
N35,000 for OPay Traditional POS
N8,500 for OPay Mini POS.

PLEASE NOTE: Each of these POS has a unique quality, so if you are considering getting any of them please make out time to enquire.

HOW MUCH DOES OPAY CHARGE

FOR WITHDRAWAL

N1000 charges is N4.8
N2000 charges is N9.6
N3000 charges is N14.4
N4000 charges is N19.2
N5000 charges is N24
N6000 charges is N28.8
N7000 charges is N33.6
N8000 charges is N38.4
N9000 charges is N43.2
N10,000 charges is N48
N11,000 charges is N52.8
N12,000 charges is N57.6
N13,000 charges is N62.4
N14,000 charges is N67.2
N15,000 charges is N72
N16,000 charges is N76.8
N17,000 and above charges is N80 (even though it is N200,000 or N500,000)

AND FOR DEPOSIT

N1000 to N5000 charges is N8
N5000 to N10,000 charges is N16
N10,000 and above charges is N24 (even though it is N200,000 or N500,000)

PLEASE NOTE: These charges are for regular Opay agents, for better and improved charges you can upgrade to other agent levels such as SILVER, GOLD and PLATINUM merchant level to attain even cheaper charges.

HOW MUCH DO OPAY POS AGENT MAKE MONTHLY

Well i know you are pretty eager to know how much an Opay agent makes daily and even monthly. To be honest, it actually depends on the class of people or the location in which your business station is situated.

Opay agent earn at least N100 from every transaction, whether cash withdraw, deposit or bill payment.
So lets do a quick math, lets say you average about 50 customers daily, that means the agent might make about N5,000 daily and N30,000 weekly and about N120,000 Monthly.

Some might even make more, remember i said it all depends on the location and class of citizens around you.

ARE MY DETAILS SAFE ON OPAY

Without a doubt, Opay is a fast growing Fintech Company with up to 5 million active customers. In short, it is almost impossible to be a victim of scam under this platform.

So you do not need to worry when you are requested to submit your BVN. Your Bank Verification Number is used to confirm that your personal information submitted is valid for proper KYC documentation as required by the CBN.

WHAT ARE THE BENEFITS OF BEING AN OPAY POS AGENT

Well it always sounds good to be told you are going to be your own boss but here are the actual benefits associated to being an Opay pos agent;

1. You register with zero amount.
2. You will enjoy fast and hassle free cash settlement on transactions (instant cash reflect).
3. As an agent, Pos will be issued to you free, you only have to pay the refundable caution fee.
4. Zero charges for all your transactions ranging from airtime recharge, electricity bill, cable TV subscription, and cash transfer and withdrawal.
5. Transactions to other bank is N10, while OPay to OPay is completely free.
6. Quick response from the customer service centre.
7. As an agent you have access to Opay loans ranging from 20,000 to 500,000 naira with very flexible repayment options and time ranging from 30 days to 365 days.

CONCLUSION

Starting up any business is not an easy feet, it has its own ups and downs. Nevertheless it is ideal to go for a business that is trusted, reliable, intelligent, and insightful.

I can testify that Opay pos is very Lucrative if you find your self in the right location. So we can all agree that this Opay pos is a very good business idea where you spend very little and with hard work and grace you can find your self reeling in some decent cash.

NOTE: You can install the Opay app from the google play store on Android and on IOS you can install the app from the IOS apple store.

I hope you enjoyed reading this article, if you did, you should also see how to start a data reselling business in Nigeria.

Thanks for reading.