The cost of an OPay POS machine in Nigeria can vary depending on the specific model and features you choose.
However, you can expect to pay between N30,000 and N50,000 for a basic POS machine.
Here is a breakdown of the average costs for different types of OPay POS machines:
- Mobile POS: N30,000 – N40,000
- Fixed POS: N35,000 – N50,000
- Android POS: N40,000 – N50,000
In addition to the initial cost of the POS machine, you may also need to pay a monthly service fee.
This fee typically ranges from N2,000 to N5,000 per month.
Here are some factors that can affect the cost of an OPay POS machine:
- Model: The more advanced the model, the more expensive it will be.
- Features: POS machines with more features, such as barcode scanners and receipt printers, will be more expensive.
- Payment plan: If you choose to finance your POS machine, your monthly payments will be higher.
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How Much Does Opay Charge Per Transaction?
OPay charges a variety of fees depending on the type of transaction.
Here is a breakdown of the standard charges:
Withdrawals:
- For withdrawals below N20,000: 0.5% of the transaction amount
- For withdrawals above N20,000: N100 flat rate
Deposits:
- For deposits below N5,000: N10 flat rate
- For deposits between N5,000 and N10,000: N20 flat rate
- For deposits above N10,000: N30 flat rate
Transfers:
- For transfers within OPay: N5 flat rate
- For transfers to other banks:
- For transfers below N5,000: N10 flat rate
- For transfers between N5,000 and N50,000: N25 flat rate
- For transfers above N50,000: N50 flat rate
Bill Payments:
- Bill payment charges vary depending on the biller.
POS Charges:
- For withdrawals below N20,000: 0.5% of the transaction amount
- For withdrawals above N20,000: N100 flat rate
- For deposits: N10 flat rate
- For transfers: N10 flat rate
Please note that these charges are subject to change.
Refer to the OPay website or app for the most up-to-date information.
What are the Benefits of Being a Merchant in Opay?
Being a merchant in OPay comes with various benefits, including:
| Benefits of Being an OPay Merchant: | Advantages and Opportunities |
|---|---|
| Expanded Customer Base: | Access to OPay’s vast network provides merchants with a broader pool of potential customers. |
| Increased Revenue: | Accepting OPay payments can lead to increased sales and revenue for merchants. |
| Reduced Transaction Costs: | OPay offers competitive transaction fees, allowing merchants to retain a higher portion of their profits. |
| Enhanced Customer Convenience: | Customers appreciate the convenience of paying with OPay, making it an attractive payment option for merchants. |
| Improved Cash Flow: | OPay’s fast settlement process ensures that merchants receive their funds quickly, improving cash flow. |
| Access to OPay’s Marketing Tools: | Merchants gain access to various marketing tools provided by OPay to promote their businesses and reach a wider audience. |
| Enhanced Business Visibility: | Being listed as an OPay merchant can increase a business’s visibility and reputation. |
| Opportunity to Provide Additional Services: | Merchants can offer additional services such as airtime top-ups, bill payments, and money transfers through OPay. |
| Support for Business Growth: | OPay provides merchants with essential support for business growth, including training, customer support, and access to financial products. |
- Expanded customer base: OPay has a vast network of users, providing merchants with access to a wider pool of potential customers.
- Increased revenue: By accepting OPay payments, merchants can increase their sales and revenue.
- Reduced transaction costs: OPay offers competitive transaction fees, allowing merchants to keep more of their profits.
- Enhanced customer convenience: Customers appreciate the convenience of paying with OPay, making it an attractive payment option for merchants.
- Improved cash flow: OPay’s fast settlement process ensures that merchants receive their funds quickly, improving their cash flow.
- Access to OPay’s marketing tools: OPay provides merchants with access to various marketing tools to promote their businesses and reach a wider audience.
- Enhanced business visibility: Being listed as an OPay merchant can increase a business’s visibility and reputation.
- Opportunity to provide additional services: OPay offers a range of services that merchants can offer to their customers, such as airtime top-ups, bill payments, and money transfers.
- Support for business growth: OPay provides merchants with the necessary support to grow their businesses, including training, customer support, and access to financial products.
Conclusion
Overall, OPay POS machines are a relatively affordable option for businesses in Nigeria.
They are a great way to accept card payments and improve your business’s efficiency.