Opay POS Charges 2025: Benefits & How to Apply

Q: How much does the Opay POS cost?

The Opay POS is available without a caution fee . Merchants only pay for the charges associated with transactions.

Q: What are the transaction charges for Opay POS?

The Opay POS charges start at 0.6% per transaction and reduce to 0.5% after achieving Preferred Merchant status.

Q: How long does it take to get an Opay POS?

Approval and delivery typically take 48 hours after application

Introduction: Why Opay POS is the Go-To Device this year

In today’s fast-paced economy, having a reliable Point-of-Sale (POS) system is crucial for businesses looking to provide seamless payment options. The Opay POS has emerged as one of the most popular solutions in Nigeria, offering portability, affordability, and exceptional functionality.

But what are Opay POS Charges? What are the associated charges, and how can merchants optimize their use? This article dives into the Opay POS charges, features, and benefits, helping you decide if it’s the right fit for your business this year.

What Makes the Opay POS Unique?

The Opay POS isn’t just a payment device; it’s a complete banking solution on the go. Here’s what sets it apart:

Compact Design: Portable and lightweight, making it ideal for small businesses and mobile transactions.
Low Charges: Initial OPay POS charges start at 0.6% per transaction, dropping to 0.5% for Preferred Merchants.
No Caution Fee: Merchants can acquire the device without any upfront deposit.
Instant Settlement: Payments are processed and settled instantly, improving cash flow.
Diverse Transaction Types: Supports withdrawals, deposits, airtime/data top-ups, bill payments, and more.

Opay POS Charges Explained

Transaction Fees

Standard Rate: Opay POS charges 0.6% per transaction when you start using the Mini POS.
Preferred Merchant Rate: After upgrading to a Preferred Merchant, the rate drops to 0.5% per transaction.

Withdrawal Fees

Merchants can set their own withdrawal fees for customers. However, Opay POS charges are:

₦100 for withdrawals above ₦20,000.
0.5% for withdrawals below ₦20,000.

Deposit Fees

Opay applies nominal charges for deposits based on transaction size:

₦10 for deposits up to ₦5,000.
₦20 for deposits between ₦5,001 and ₦10,000.
₦30 for deposits above ₦10,000.

Airtime and Utility Payments

Commissions are applied based on the service provider:

MTN Airtime/Data: 3% commission.
Airtel, Glo, and 9Mobile Airtime/Data: 4%-4.5%.
Utility Bills: 2% flat fee.

Ps: You can get more commission with Centry app reseller plan.

MTN Airtime/Data: 3.2% commission.
Airtel, Glo, and 9Mobile Airtime/Data: 3.2%-5.5%.
Utility Bills: 2.2% flat fee.

How to Apply for an Opay POS

Step-by-Step Process:

Register with Opay:
Download the Opay app and sign up with your BVN, valid ID, and other required documents.
Upgrade to Preferred Merchant:
To enjoy lower charges, upload additional documentation (utility bill, passport photograph, etc.) and upgrade to level 3.
Request the Mini POS:
- Visit the official Opay website or app.
- Fill out the application form with your business name, scope, contact details, and location.
- Select the quantity of Mini POS devices you need.
Wait for Approval:
Opay’s team reviews applications within 48 hours. You can also reach out via email (minipos@opay-inc.com) or phone (+23418888329).

Benefits of Using Opay POS for Businesses

Increased Sales: Accepting card payments means attracting more customers who prefer cashless transactions.
Portability: Ideal for mobile vendors and businesses with limited counter space.
Instant Revenue Access: With instant settlement, merchants can reinvest earnings immediately.
No Hidden Costs: Transparent fee structure ensures predictability.
Customer Incentives: Preferred Merchant rates reward loyal users with lower charges.

Tips to Maximize Your Opay POS

Leverage Bulk Transactions: Higher transaction volumes can help you qualify for Preferred Merchant status faster.
Encourage Card Payments: Promote card usage to reduce cash handling risks and increase POS utilization.
Monitor Transaction Reports: Use Opay’s app to track performance and identify peak business periods.
Train Staff: Ensure employees understand how to operate the device for seamless customer service.

FAQs on Opay POS Charges and Usage

How much does the Opay POS cost?

The Opay POS is available without a caution fee. Merchants only pay for the charges associated with transactions.

What are the transaction charges for Opay POS?

The Opay POS charges start at 0.6% per transaction and reduce to0.5% after achieving Preferred Merchant status.

How do I qualify for Preferred Merchant rates?

Upgrade your account to level 3 by providing additional documents like a utility bill, valid ID, and passport photograph.

Is there a maintenance fee for the Mini POS?

No, Opay does not charge any maintenance fees or hidden costs.

Can I use Opay Mini for bill payments?

Yes, the device supports payments for utilities like DSTv, GOtv, PHCN, and more, with a flat 2% fee.

How long does it take to get an Opay POS?

Approval and delivery typically take 48 hours after application

Conclusion: Is the Opay Mini POS Worth It?

The Opay Mini POS offers an unparalleled combination of affordability, functionality, and convenience for Nigerian merchants. Whether you’re a small-scale vendor or a large aggregator, the device ensures seamless operations and improved customer satisfaction.

By understanding its charges and benefits, you can leverage the Opay Mini POS to grow your business and stay ahead in the evolving cashless economy of 2024.