Opay POS Charges 2023 — Latest Rates

Opay Digital Services Limited is a company founded by Opera Norway AS group. It provides a platform for transfers, payments, loans, subscriptions, etc. Are you interested in discovering all about Opay POS, its charges, or how to get the POS? Join me!

About Opay POS Machine & Charges

Opay, like other Fintech businesses, has Point of sale (POS) terminals that allow customers to easily make transactions such as withdrawals, transfers, deposits, subscriptions, etc.

If you would like to become an Opay POS agent all you need to do is to have an Opay account, BVN, bank account, passport, a recent utility bill, valid ID, and business center.

Interestingly, it’s free to apply for Opay POS. However, Opay has three different kinds of machines for different price rates. Opay Smart POS costs N50,000 naira, N35,000 naira for Opay Traditional POS, and N8,500 naira for Opay Mini POS.

In order to become an Opay POS agent you must be a level 3 user. If you are already an Opay user, you will be a level user and must upgrade to level 3 in order to get Opay POS.

All you need to do to upgrade is to click the upgrade to level 3 option on your profile and upload the necessary documents required to operate an Opay terminal. Once your application has been reviewed, you will receive notification between 24-72 hours that it has been approved.

Read also: PAYSTACK POS TERMINAL: ALL YOU NEED TO KNOW – Swiftbills

Opay POS Withdrawal Charges

Opay POS charges 0.5% on every withdrawal you make below N20,000 naira of the amount.

For withdrawals above N20,000 naira Opay charges a flat rate of N100 naira.

However, Opay POS terminal agents are free to set their own prices for withdrawal transactions. What this means is that the 0.5% or N100 naira charge as stated above is what Opay charges per transaction.

Opay POS Transaction Charges

For other transactions like purchasing airtime and data bundles, Opay has different commissions depending on the network provider (MTN, Airtel, 9mobile, and GLO).

MTN it charges 3% commission, Airtel 4%, Glo 4%, and 9Mobile charges a 4.5% commission.

Also, Opay charges 2% for all kinds of subscriptions or utility bill payments ranging from Gotv, DStv, Startime or PHCN, etc.

Opay POS Deposit Charges

Opay charges a flat rate of N10 naira per deposit of N5,000 naira and below and for transactions above N5,000 naira and N10,000 naira Opay charges N20 naira.

For deposits above N10,000 naira, Opay charges N30 naira.

Quick Comparison Table: Top POS Machine Charges

	Withdrawals	Deposits	Transfers	Subscriptions
Opay	0.5%	N10 naira	N10 naira	2%
Palmpay	0.5%	N10 naira	N10 naira	2%
Kudi	0.6%	0.7%	0.6%	2%
Moniepoint	0.5%	N20 naira	N20 naira	2%

Conclusion

Opay POS is a fintech platform that provides a platform for transfers, withdrawals, loans, subscriptions, payments, etc. It was established by Opera Norway AS group. It is important to note that in order to get Opay POS or terminal, you must be a level 3 user.

Read also: How to Convert Data To Cash (Money) In Nigeria – Swiftbills

FAQs on Opay POS Machine & Charges

How much is Opay POS price?

Opay has a variety of terminals at different prices. Opay Smart POS costs N50,000 naira, Opay Traditional POS costs N35,000 naira, and N8,500 naira for Opay Mini POS.

What is the requirement to become an Opay POS agent?

You must have an Opay account, BVN, bank account, passport, recent utility bill, valid ID, and business center. In order to become an Opay POS agent, you also need to be a level 3 Opay user.

Is Opay licensed by CBN?

Yes, Opay is duly licensed by the Central Bank of Nigeria.

Opay POS Charges 2023 — Latest Rates