How to apply for Opay POS machine (Become an Opay agent)

Opay, a Fintech company established by the same Chinese company that created the Operamini browser is, without doubt, one of the best fast-rising financial institutions in Nigeria.

Opay was founded with aim of making how people send and receive money, pay bills such as electricity, water, cable TV bills, and so on, deposit and withdraw, save and invest, purchase airtime and data become easy, simple, and secure.

But, that’s not all. Opay is also an agency banking, which means you can apply to become an Opay agent.

This will let you become a “mini bank” and an “intermediary” in your neighborhood by providing all sorts of financial services.

By applying to become an Opay agent, you will get a free POS machine to start running your business.

People in your community can come to you to withdraw cash urgently, initiate transfers, Pay bills and also save money without visiting the bank premises.

One question that might be traversing your mind right now is, “How can I become an Opay agent?“. No worries, that’s exactly what this article will cover.

You will be shown How to become an Opay agent, How to apply for an Opay POS machine, Opay agent requirements, and how to register as well as other necessary FAQs that need answering.

Let’s get started…

Opay agents requirements

Before proceeding, let’s take a quick look at the Opay agent requirements so you can know if you qualify, and if not, get all these necessities ready as you can’t become an Opay agent in their absence.

• The ability to read, write and speak fluent English is a must
• You must supply your 11-digits BVN (Bank Verification Number)
• Get a valid means of identity copy such as the NIN (National Identity Card), International Passport, or a Driver’s license
• Utility bills not older than 3 months must be provided as proof of address and also 1 clean and clear passport photograph of your face
• You’ll need a working and internet ready smartphone (Either Android or Apple iPhone)
• A small brick and mortar or a kiosk shop will be needed
• You will have to make a mandatory but refundable after 30 days N20,000 caution fee payment

Once all these major requirements are ready, then you may jump to the next step on “How to become an Opay agent”.

How to become an Opay agent

By becoming an Opay agent, you’re making financial transactions easily accessible to people in your area and also giving yourself a legit source of income/revenue stream.

Below are the necessary steps to register and become an Opay agent today:

• The first step is to download and install the Opay POS merchant app, available only on the Google play store. IOS version hasn’t rolled out yet
• After installation, open up the app, register using an active mobile phone number, valid Email address, and a secure password
• Now reach out to the Opay customer support department requesting an agent registration form, you can contact them on:

• WhatsApp

+234 (01) 8888329

• Office Address

Alexander House, Otunba Jobi Fele Way. Ikeja. Lagos, Nigeria

• Email Address

ng-support@opay-inc.com

• Once you’ve got the form, complete it by filling in information about yourself, also upload your form of identity, CAC (Corporate Affairs Commission) documents (Optional), your passport photo, and utility bills. All requirements stated above
• Submit the form after filling it correctly, it will be reviewed and you will be notified if you’re approved or not and you can acclaim yourself as an Opay agent

How to apply for Opay POS machine

Although you’ve become an Opay agent, you still need the Opay POS machine so as to be able to offer cash withdrawal services.

Below are the processes you need to follow to obtain a working POS machine:

• On your Opay the Opay app and go to “Me” and then visit “Account details“
• Now click the “Upgrade to Merchant” button, fill in your business name and address
• Click next and then tap the “Upgrade” button once to switch from a normal Opay account to a merchant account
• You should be able to see the “Merchant apply” button now, click on it
• On the next onboarding screen, upload all necessary requirements such as your valid ID card, a picture of your Kiosk shop, utility bills, and so on
• Once done, submit for review

If everything went well after all the above-outlined process, the Opay POS will be delivered within the next 24 hours.

FAQs

I don’t have a CAC (Corporate Affairs Commission), can I still become an Opay agent?

Yes, you can! The business name document is optional and not compulsory.

Is there a limit on the number of transactions daily?

There is a limit placed, you can only transact a maximum amount of N5,000,000 daily.

Why does Opay need your BVN?

Since Opay is a financial institution regulated by CBN, KYC (Know Your Customer) information has been made mandatory to get collected.

What to do if the Opay POS machine starts misbehaving?

Sometimes, the machine might not be functioning well resulting in connection failure to process transactions, just turn off the machine for 1 minute and turn it back on to retry.

Send an Email to support for help if the problem still persists.

Summary

Hope this guide on “How to apply for Opay POS machine” is insightful and at the same time helpful to you.

If you have any questions whatsoever, ask down below or reach out to Opay customer support for professional help.