How to Apply/Get POS Machine from Opay [Earn ₦10k Daily Profit as a Merchant]

How to Apply/Get POS Machine from Opay [Earn ₦10k Daily Profit as a Merchant]: If you’re looking to start a POS business in Nigeria and want to know how to apply for a POS machine from Opay, you’ve come to the right place. In this article, we’ll walk you through the step-by-step process of getting an approved Opay POS machine and how you can start earning as much as ₦10,000 daily profit as a merchant.

The POS business is one of the easiest and most lucrative small businesses in Nigeria. Many POS operators earn between ₦5,000 and ₦20,000 in profit daily, making it a popular option for entrepreneurs. This article will guide you on how to take advantage of this opportunity with Opay.

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Why Start a POS Business in Nigeria with Opay?

Starting a POS business can be a profitable venture, especially in areas where banking services are limited or where people prefer fast, convenient transactions. Here’s why Opay is a great choice:

• Trusted Brand: Opay is a leading financial services provider in Nigeria, licensed by the Central Bank of Nigeria (CBN).
• Wide Acceptance: Opay’s POS machines are widely used across Nigeria, making them a reliable option for your business.
• High Transaction Volume: In many areas, POS operators handle up to 50-100 transactions daily, with charges ranging from ₦100 to ₦150 per ₦10,000 transaction. This adds up to significant daily earnings.

Now that you understand the potential, let’s move on to how you can get your own Opay POS machine and start earning profits.

Costs of Opay POS Machine in Nigeria

Before diving into the application process, it’s important to know how much an Opay POS machine costs. Opay offers different types of POS machines at varying prices, depending on your business needs:

• Mini POS Machine: ₦8,500
• Traditional POS Machine: ₦35,000
• Smart POS Machine: ₦50,000

Each of these machines performs basic functions such as cash withdrawals, deposits, and payments, making them suitable for your business. Now that you know the costs, let’s look at the requirements and application process.

Requirements for Starting a POS Business with Opay

To get started with a POS business using Opay, you need to meet certain eligibility requirements and prepare the necessary documents. Here are the basic requirements:

• Opay Account: You must have an active Opay account.
• KYC Level 3 Verification: Your Opay account must be upgraded to KYC Level 3.
• BVN (Bank Verification Number): Your BVN must be linked to your Opay profile.
• Profile Photo: You need to upload a clear profile photo on the app for verification purposes.
• Merchant Account: You must apply for and upgrade to a merchant account on Opay.
• Utility Bill: A recent utility bill (not older than 3 months) is required.
• Government-issued ID: You must upload a valid government-issued ID such as a driver’s license, voter’s card, or international passport.

Once you have all these in place, you can proceed to apply for your Opay POS machine.

How to Apply for an Opay POS Machine [Step-by-Step Guide]

Getting a POS machine from Opay involves several steps. Below is a comprehensive guide to help you through the process:

Step 1: Complete KYC Verification to Level 3

The first step is to ensure your Opay account is verified up to KYC Level 3. Follow these steps to complete the verification process:

• Launch the Opay App: Open the Opay application on your smartphone.
• Go to Profile Section: Navigate to your profile and tap on the KYC verification badge.
• Upload Required Documents: Upload your profile photo, a government-issued ID, and a recent utility bill.
• Submit Information: Ensure all your details are accurate and submit them for verification.
• Check for Level 3 Status: Once approved, your KYC badge will show “Level 3,” allowing you to proceed with the POS application.

Step 2: Apply for a Merchant Account

After completing your KYC verification, the next step is to apply for a merchant account. This is essential as Opay only issues POS machines to verified merchants. Here’s how to apply:

• Go to Profile Section: In the Opay app, navigate to your profile.
• Click on Account Details: Under your profile photo, tap on Account Details.
• Upgrade to Merchant: Scroll down and select the option to Upgrade to Merchant.
• Fill in Business Information: Provide all necessary details such as your business name, address, and other required information.
• Submit Application: Once you’ve filled in all the details, submit the form.

You will be contacted by the Opay team via email within 48 hours to confirm whether your application for a merchant account has been approved.

Step 3: Order a POS Machine from Opay

Once your merchant account is approved, you can then proceed to order your Opay POS machine. Here’s how to do it:

• Launch the Opay App: Open the app and go to the merchant section.
• Apply for POS Machine: Select the POS Application option from the menu.
• Choose Your POS Type: Choose the type of POS machine you want (Mini, Traditional, or Smart POS).
• Submit Order: After selecting your preferred POS machine, click on the order button. The cost will be deducted from your Opay wallet, and the POS machine will be delivered to your address within 72 hours.

How Much Can You Earn from a POS Business in Nigeria?

The profitability of the POS business in Nigeria depends on several factors such as location, customer demand, and transaction volume. On average, POS operators charge between ₦100 to ₦150 for every ₦10,000 transaction. Here’s a breakdown of potential earnings:

• 50 Transactions per Day: ₦100 per transaction x 50 transactions = ₦5,000 profit daily.
• 100 Transactions per Day: ₦100 per transaction x 100 transactions = ₦10,000 profit daily.

In high-demand areas, merchants can earn up to ₦20,000 daily, making the POS business a highly profitable venture.

Conclusion: Start Your POS Business with Opay Today

Starting a POS business in Nigeria with Opay is a great way to earn steady income with minimal investment. By following the steps outlined in this guide, you can apply for and get an Opay POS machine, start serving customers, and potentially earn ₦10k daily or more as a merchant.

If you need help with the application process or further inquiries about Opay’s services, feel free to reach out to us—we’re here to assist you!