Opay Pos machine prices in 2023
With a POS machine, we can now get money easily even without having to go to the bank. Also, cashless payments are now becoming the order of the day. We now prefer to pay with our card rather than working around with a wad of cash in our possession.
This has caused a rise in the demand for Point of Sale (POS) Machines, as every business person wants to receive their payments faster and easier. And many more people want to become an agent. This is why we are here to help you know the opay POS machine prices and how to get them.
About Opay POS machine
Opay, a financial technology company based in Nigeria, offers various services, such as online banking, and e-commerce including a Point of Sale (POS) system. However, specific details about the cost of Opay POS machines may have changed since then.
To get the most accurate and up-to-date information on Opay POS machine prices, features, and any associated fees, I recommend visiting the official Opay website or contacting Opay directly through their customer support channels. They are likely to provide the latest details regarding their POS offerings, including any promotional or discounted rates that may be available. In this post, we will give you the basic details of the Opay POS machine prices and how to get it.
Keep in mind that technology and pricing in the fintech industry can evolve rapidly, so it’s crucial to refer to the latest information directly from the source. If you have any specific questions or need assistance with something else, feel free to ask!
Types of Opay POS Machine
Opay has 3 types of POS that you can apply, it all depends on your taste,choice and the amount you want to pay. The three types of Opay POS includes;
- Opay Smart POS Machine – It is a card terminal that works on an andAndroidstem.
- Traditional Opay POS Machine – It is the first type of POS machine on Opay
- Opay Mini POS Machine – This is the most portable and durable type.
Note; you only pay for the POS machine, as there are extra charges for the Machine after paying the regulated prices listed below.
What is a POS Machine
A Point of Sale (POS) machine is a device used in retail transactions to process payments from customers. It typically includes a card reader that can scan credit or debit cards, a keypad for entering PINs, and a display for transaction details.
POS machines play a crucial role in facilitating electronic transactions, making it convenient for businesses to accept payments and for customers to make purchases securely. They are widely used in various industries, from retail stores to restaurants, streamlining the payment process and improving overall efficiency in sales transactions.
How to Apply for Opay POS Machine
As we are now into the cashless season the best step to improve your sales is to have a POS machine for easier and faster payments. As a business person, here is a guide on how to apply for your OPAY Pos machine.
- Open an Opay account on your phone
- Upgrade to KYC level 3
- Switch to a Merchant Account
- On your Merchant Account, click on the “Merchant Apply” button
- Fill out the Opay POS registration form with your correct details
- Upload the required documents
- Take a snapshot of your business station and upload it
- Then, submit your application for review
These steps when done accurately will help you get your Opay Pos machine faster and easier.
Note: the Opay team will review your application, your application may be approved or declined. If it’s declined you can try again later, but if you are approved you can proceed to pay for your Opay Pos machine.
How much is the Opay POs machine
The price of Opay POS machines differs depending on the type, as the three different types are their prices different. The costliest is the Opay smart (Android) POS which is sold at N50,000, and the second grade is the Opay traditional POS which is sold at forat5,000. The cheapest is the Opay mini POS which is sold at N8,500.
Requirements to apply for an Opay POS machine
Before you can get an Opay POS machine you must be eligible, that is you must meet some of their requirements. Some of these requirements are:
- An active Opay account
- A valid bank account
- A bank verification number (BVN)
- Valid means of identification such as a Voter’s Card, National ID Card, Driver’s License, or International Passport
- A recent utility bill
- Your bank account statement
With all these requirements present and available you are good to apply for the Opay pos machine.
How much does Opay charge for a transaction with their POS
The good thing with Opay is they don’t charge much for each transaction with their POS machine.
Opay POS charges can go as low as 0.5% per transaction (if you’re using the mini POS). However, note that the Initial charge per transaction is 0.6% and then 0.5% after upgrading to the Preferred Merchant status
The Opay POS machine Prices can vary based on factors such as location, features, and any updates or changes made by Opay. For the most accurate and up-to-date information, I recommend checking Opay’s official website or contacting their customer support