Are you interested in becoming an OPay Merchant/Agent and would like to learn how to open an OPay account and apply for a POS machine? Opening an OPay account and applying for an OPay POS machine is a straightforward process. This post will provide a step-by-step guide on how to create an account and apply for an OPay POS to become an OPay Merchant/Agent.
Content Recap:
OPay is a mobile money platform licensed by the Central Bank of Nigeria that provides various financial transactions such as money transfers, bill payments, airtime purchases, and more.
As an OPay Merchant/Agent, you have the power and control to earn as much money as you possibly can by providing financial services in your community.
By becoming an OPay Merchant/Agent, you get discounts and vouchers for airtime purchases, earn more money on commissions when you help customers pay for their TV subscriptions with zero fees, pay their electricity bills, and you can also send and receive money in real-time from any bank for as low as 10 Naira.
How to Open an OPay Account
If you’re interested in opening an OPay Account, then visit the mobile application via AppStore.
- Download and install the OPay personal or business app by visiting your Play Store/Apple Store with the search word “OPay” or use the magic code *955# to download the OPay app and set up your wallet with your name and phone number.
- Select “Merchant” or Personal from the OPay app and register.
- Enter your credentials, such as your name, phone number, and address location.
- Upload your house verification, which can be a PHCN bill, water bill, rent receipt, or LAWMA waste bill.
- Enter your BVN and upload your picture.
- Enter your means of identification, which can either be a NIN, voter card, driving license, or an international passport.
- Follow the onscreen message to complete the OPay account opening to create your username and password.
- Once you’re done, you can upgrade your KYC from level 2 to level 3, which will enable you to receive and send money above N500,000 Naira.
- You can also open an OPay wallet on this page when you click “sign up”.
It takes 24-72 hours for the OPay team to review and approve/decline your KYC. You will receive email and SMS notifications once your KYC is approved.
How to Become an OPay Merchant/Agent
You can get an OPay POS terminal and enjoy low fees on all your transactions, which provides solutions to help you carry out financial services nationwide.
- Visit opayweb.com/merchants.
- Tap Create an Online Merchant Account
OR
- Create a POS Merchant Account.
- Follow the on-screen message to complete the registration process.
How to Apply for an OPay POS Machine?
Once your profile is upgraded to KYC level 3, you can switch your OPay profile to Merchant. You can now go to ‘Merchant Apply’.
- Log in to the OPay app on your device and click on More.
- Then tap on my POS.
- On the next page, enter all necessary information as requested.
- Upload your transaction history for the past 3 months.
- Upload a valid ID Card (Intl Passport, Voters’ Card, National ID, or Driver’s License).
- Upload a photo of your business station and upload it to the portal.
- Deposit N20,000 caution fess on your OPay wallet. Upon completing the application, the money will be deducted.
- Submit for review which will be reviewed and processed within 48 hours. Once done, the OPay Team reviews and approves/declines your request.