How To Apply For Opay POS Machine In Nigeria

OPay, also known as Paycom, is a fast-rising fintech company in Nigeria that has created numerous opportunities for many Nigerians. One of the latest opportunities presented by OPay is the chance to become an OPay Agent.

As an OPay Agent, you can get their POS machine and carry out bill payments, withdrawals, and money transfers for people. This opportunity is a great way to generate income and provide financial services to people in your community.

In this article, we will provide a step-by-step guide on how to apply for OPay POS in Nigeria and become an OPay agent with a registered license.

We will walk you through the necessary steps and documents required to successfully apply for the OPay POS machine.

Steps To Apply For Opay POS In Nigeria

Before you can apply for OPay POS in Nigeria, you need to go through a few steps. These steps involve carrying out a couple of transactions and having some documents that clarify you are fit to become an OPay agent.

These steps are quite similar to when buying and paying later in Nigeria.

To qualify for an OPay POS in Nigeria, you must have an OPay account, be a POS Agent who is familiar with how multiple transactions are being carried out using a POS machine, have a good transaction history on your OPay account, and have a Level 3 KYC.

If you feel you have all these qualifications, let’s proceed to how you can apply for an OPay POS. The application process has certain steps, and we’ll state everything for you to follow up and understand easily.

Step 1: Upgrade Your KYC To Level 3

If you’re already an active OPay user, you’re probably a Level 2 user. However, before you can get an OPay POS, your account must be on Level 3. To upgrade your KYC to Level 3, follow these steps:

  • Log into your OPay account, then click on “Me” (your profile).
  • Navigate to the part that says account details, click on it, and you’ll see something like “Upgrade to Level 3.”
  • You’ll be asked to upload the following documents: a Government Issued ID, a Passport Photograph, and a Utility Bill.
  • Once you’ve provided the necessary documents, you can click on the Upgrade Limit button and submit your documents. Verification will take 2 or more working days to complete.

Step 2: Upgrade To A Merchant Account

To upgrade to a merchant account, follow these steps:

  • Download the Opay Business App from the Google Play Store.
  • Once you’ve downloaded and installed the app, launch it and sign in with your normal OPay account.
  • Once you’ve signed in, you will see a banner that says “Upgrade To A Merchant To Apply for POS.” Click on it.
  • You’ll be asked to fill in details of your shop address, information, and shop website, and also provide multiple images of the front view and inside view of your shop.
  • Once you’ve done all that, you can proceed to the last part where you’ll need to provide more details for them.
  • Apply and wait for about 48 hours before you get a response that’ll tell you if you’ve been accepted or not.
  • Once you receive a response after 48 hours, if the outcome is favorable, you can request your POS. But if it was declined, you’ll need to know why they rejected you and try again.

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Requirements To Qualify For An Opay POS In Nigeria

To become an OPay agent and qualify for an OPay POS in Nigeria, there are specific requirements that an individual must meet. These requirements are essential to ensure that the agent is fit to carry out various transactions using the POS machine. Below are the requirements to qualify for an OPay POS in Nigeria:

1. Have an OPay account

To qualify for an OPay POS, an individual must have an active OPay account. This account is necessary as it serves as the primary platform for carrying out transactions using the POS machine.

2. Familiarity with POS machine transactions

A prospective OPay agent must have prior knowledge of how to use a POS machine. This requirement is essential as it helps the agent to carry out transactions accurately and quickly.

3. Good transaction history on the OPay account

To qualify for an OPay POS, an individual must have a good transaction history on their OPay account. This requirement is necessary to ensure that the agent has a proven track record of carrying out transactions effectively and efficiently.

4. Other details

Other requirements to qualify for an OPay POS include providing personal information such as name, address, phone number, email address, and passport photograph. The agent must also provide details of the business, including the name, location, and nature of the business.

Meeting these requirements is essential for an individual to become an OPay agent and qualify for an OPay POS. As such, interested individuals must ensure that they meet all the requirements before applying for an OPay POS.

Steps To Apply For An Opay POS In Nigeria

If you’re interested in becoming an OPay agent in Nigeria and earning income through the use of their POS machine, this section will provide a step-by-step guide on how to apply for an OPay POS.

Step 1: Upgrade KYC To Level 3

The first step in applying for an OPay POS is to upgrade your Know Your Customer (KYC) level to level 3. This is a requirement for merchants who want to use the OPay POS machine to receive payments. To upgrade your KYC level to level 3, follow these steps:

  • Log in to your OPay app and click on the “Me” icon.
  • Select “Upgrade KYC.”
  • Fill in the required information, including your BVN, personal information, and other relevant details.
  • Upload a valid means of identification, such as your driver’s license, national ID card, or international passport.
  • Submit your application and wait for the approval.

Step 2: Upgrade To Merchant Account

After upgrading your KYC to level 3, the next step is to upgrade to a merchant account. This will enable you to receive payments via the OPay POS machine. To upgrade to a merchant account, follow these steps:

  • Log in to your OPay app and click on the “Me” icon.
  • Select “Upgrade to Merchant.”
  • Provide your business details, including business name, business location, and business type.
  • Upload a valid means of identification for your business, such as your CAC certificate, tax identification number, or business registration certificate.
  • Submit your application and wait for the approval.

Step 3: Apply For Opay POS

After upgrading your KYC to level 3 and upgrading to a merchant account, the next step is to apply for an OPay POS machine. To do this, follow these steps:

  • Log in to your OPay app and click on the “Me” icon.
  • Select “Apply for POS.”
  • Fill in the required information, including your business name, business address, and business type.
  • Upload a valid means of identification for your business, such as your CAC certificate, tax identification number, or business registration certificate.
  • Wait for your application to be reviewed and approved.

Note: It is important to provide accurate and valid information when applying for an OPay POS machine to increase your chances of being accepted. The entire process should take about 2-3 working days.

Conclusion

In conclusion, becoming an OPay agent in Nigeria is a great opportunity to generate additional income, and having an OPay POS machine makes it easier to carry out transactions for your business.

To qualify for an OPay POS, applicants must have an existing OPay account, be familiar with POS machine transactions, have a good transaction history on their OPay account, and meet other requirements.

The process of applying for an OPay POS involves upgrading your KYC to level 3 and upgrading to a merchant account. Each step is straightforward and can be completed easily by following the outlined steps in this guide.

It is important to note that the accuracy and validity of the information provided during the application process play a significant role in the approval of the application. Therefore, applicants are advised to provide accurate and valid information to increase their chances of being accepted.

In summary, the process of becoming an OPay agent with a POS machine is not complex, and interested individuals are encouraged to take advantage of this opportunity. Having an OPay POS machine not only provides convenience for your business but also opens up the opportunity to earn more income.