Opay POS Machine: How to Apply, Price & Charges in 2024

  • January 2, 2024

Opay POS Machine: How much is Opay POS machine, what are Opay POS charges, and how to get Opay POS. Looking for answers to that? Then this post is for you.

In recent years, there’s been a lot of issues with getting cash directly from the bank by Nigerians, making demands high for POS agents. Also, cashless payments are becoming increasingly important for businesses and customers alike, as the FGN is rolling out the cashless policy.

These have made the demand for POS go through the roof. That is because more and more people want to become agents, as well as businesses want to get paid fastly. And that’s where Opay comes in. 

Opay is a financial technology company that offers a range of digital financial services, including mobile payments, money transfers, and e-commerce.

One of Opay’s key services is its Point of Sale (POS) machines, which enable businesses to accept cashless payments from customers quickly and easily, and also make agents lots of money.

In this article, we’ll take a closer look at Opay POS machine and how it works. Also, you’ll get to know the Opay POS machine price in Nigeria, how to apply for Opay POS, as well as the additional services offered by Opay.

Are you ready to know all that? Let’s dive straight in then!

About Opay POS Machine

Opay POS machines are compact, lightweight devices that enable merchants to accept cashless payments from customers. These machines support a range of payment methods, including debit and credit cards, mobile money, and QR code payments.

There are several types and models of Opay POS machines available, each with its own features and capabilities.

Related: How to Create an Opay Account on Phone

Types of Opay POS Machine

There are mainly three types of Opay POS Machine, and they include:

  1. Opay Smart POS Machine – It is a card terminal that works on an android system.
  2. Traditional Opay POS Machine – It is the first type of POS machine on Opay
  3. Opay Mini POS Machine – This is the most portable and durable type.
Opay POS machine

Now that you’ve known the Opay POS machine types, let’s see how is much Opay POS machine.

Related: How to Get GtBank POS Machine for FREE

Opay POS Machine Price

The price of Opay POS machines in Nigeria depends on the type. The cost of Opay POS machine is N50,000 for OPay Smart (android) POS, N35,000 for OPay Traditional POS, and N8,500 for OPay Mini POS.

Keep in mind that the Opay POS application form is free. You are only paying to acquire the device.

With that out of the way, let’s get started with the Opay POS application process.

Read Also: Complete Guide to Start POS Business in Nigeria

Opay POS Machine Requirements

To be eligible for the Opay POS machine application, you must meet some requirements. These include:

  1. An active Opay account
  2. A valid bank account
  3. A bank verification number (BVN)
  4. Valid means of identification such as a Voter’s Card, National ID Card, Driver’s License, or International Passport
  5. A recent utility bill
  6. Your bank account statement

Once you have all these ready, you can now proceed to apply for an Opay POS machine.

Related: How to Get PalmPay POS for Cheap Price

How to Apply for Opay POS Machine

Here’s a step-by-step guide to applying for an Opay POS machine:

  1. Open an Opay account on your phone
  2. Upgrade to KYC level 3
  3. Switch to a Merchant Account
  4. On your Merchant Account, click on the “Merchant Apply” button
  5. Fill out the Opay POS registration form with your correct details
  6. Upload the required documents
  7. Take a snapshot of your business station and upload it
  8. Then, submit your application for review

Once all this is done, the Opay team will review your application. Keep in mind that they may approve or decline your request.

If it is approved, you can proceed to pay for the POS machine and get it delivered to you. However, you can reapply if your request was declined.

You can also apply for an Opay POS machine online through the Opay website. All you need to do is visit https://www.opayweb.com/merchants, then click on “Create a POS Merchant Account”.

You’ll be redirected to another page where you’ll find the Opay POS application form. Fill out the form correctly, and submit your application for review. Just like applying on the app, you may be accepted or declined.

That’s all on how to get Opay POS in Nigeria. Now, let’s see the charges of Opay POS when you become a merchant.

Read Also: How to Check Opay Account Balance

Opay POS Charges

Opay POS charges could range from 0.5% to 0.6% per transaction. If you’re using the Opay Mini POS, you can enjoy charges of as low as 0.5%.

However, the initial charge per transaction is 0.6% and then 0.5% after upgrading to Preferred Merchant status.

Read Also: How to Become MoniePoint POS Agent

Opay POS Machine – FAQs

Is Opay POS machine free?

No, Opay POS machine is not free. The price ranges from N8,500 to N50,000 depending on the type you want to get.

What is Opay POS withdrawal charges?

Opay POS withdrawal charges is 0.5% per transaction.

Does OPay pay their agent monthly?

Opay agents make money daily from every transaction that they perform, and the money is automatically credited into their Opay account.

What are the benefits of using an Opay POS machine?

Using an Opay POS machine offers several benefits such as improved sales, reduced cash handling, improved security, and increased customer satisfaction.

How do I become an Opay POS agent?

To become an Opay POS agent, you need to sign up on the Opay website and provide the required documentation. Once your application is approved, you will receive training and support from Opay.

How do I use an Opay POS machine?

To use an Opay POS machine, you need to connect it to the internet and follow the instructions on the screen. The device accepts payments through debit cards, QR codes, and mobile payments.

What types of payments does an Opay POS machine accept?

Opay POS machine accepts payments through debit/credit cards, QR codes, and mobile payments.

Is an Opay POS machine secure?

Yes, Opay POS machine is secure as it uses advanced encryption technology to protect customer data and transactions.


Opay provides a range of digital financial services that make cashless payments and financial transactions easy, secure, and accessible. Opay POS machines are an affordable and convenient option for businesses looking to accept cashless payments.

Becoming an Opay agent offers an additional source of income and access to Opay’s suite of digital financial services.

With this post on how to become an Opay agent, I believe you’ve known exactly how to get Opay POS machine, and also the price of POS machine, as well as the Opay POS charges.