How Much Is Opay Pos


Opay, a prominent financial technology company, offers a range of Point of Sale (POS) machines in Nigeria, catering to various business needs.

In this post, I will delve into the different types of Opay POS machines and their respective prices, shedding light on their features and where you can acquire them.

how much is opay pos

Types of Opay POS Machines

Opay offers three distinct types of POS machines, each designed to meet specific business requirements:

  1. Mini POS – ₦10,000:
    • The Mini POS is the most basic option and serves as a reliable tool for processing card payments. It offers essential functionality for businesses seeking to accept card-based transactions.
  2. Traditional POS – ₦45,000:
    • The Traditional POS is a more advanced solution that not only handles card payments but also supports cash withdrawals and deposits. This makes it a versatile choice for businesses that require additional banking services.
  3. Smart (Android) POS – ₦60,000:
    • The Smart POS represents the pinnacle of Opay’s offerings. It encompasses all the features of the Traditional POS and goes a step further by providing the ability to run apps and accept digital payments. This makes it a comprehensive solution for businesses aiming for greater flexibility.

Pricing Information

The pricing of Opay POS machines in Nigeria is as follows:

  • Mini POS: ₦10,000
  • Traditional POS: ₦45,000
  • Smart (Android) POS: ₦60,000

It’s important to note that these prices are subject to change and may vary depending on the retailer or distributor you choose.

Acquiring Opay POS Machines

Opay POS machines are readily available for purchase through the following channels:

  • Opay’s Official Website: You can visit Opay’s official website to explore their range of POS machines, choose the one that suits your business, and make your purchase online.
  • Authorized Opay Distributors: Opay has a network of authorized distributors where you can buy their POS machines. These distributors are equipped to provide information, support, and assist you in acquiring the POS machine that aligns with your business needs.

Final Considerations

When considering the acquisition of an Opay POS machine, it’s essential to stay informed about the specific features and capabilities of each type.

Evaluate your business requirements, budget, and the services you aim to offer to your customers.

This assessment will guide you in selecting the most suitable Opay POS machine to enhance your business operations.

Additionally, given the potential price variations and the dynamic nature of the market, it’s advisable to verify the latest prices and any special offers from Opay or their authorized distributors before making a purchase.

This will help ensure you receive the best value for your investment.

Which is better between OPay and Moniepoint?

OPay and Moniepoint, both prominent fintech companies in Nigeria, offer a wide array of financial services, including Point of Sale (POS) terminals.

To determine which one is the best fit for your business, it’s crucial to make a thorough comparison based on several key factors. Here’s a side-by-side evaluation of OPay and Moniepoint POS terminals:


  • OPay: Offers an outright purchase option at ₦45,000.
  • Moniepoint: Requires an initial payment of ₦21,500, encompassing a caution fee, logistics fee, and insurance fee.

Transaction Fee

Both OPay and Moniepoint have a transaction fee structure that charges 0.5% of the transaction value, capped at ₦100.

This ensures that your transaction costs remain predictable and reasonable.


  • OPay: Provides essential features such as card payments, cash withdrawals and deposits, balance transfers, and bill payments.
  • Moniepoint: Offers a comprehensive set of features, including card payments, cash transactions, balance transfers, bill payments, airtime and data purchases, and transfers to bank accounts.


Both OPay and Moniepoint have established nationwide networks, making their POS terminals accessible and practical for businesses across Nigeria.

Customer Support

  • OPay: Provides good customer support to assist with any issues or inquiries.
  • Moniepoint: Offers excellent customer support, ensuring that you receive timely assistance and guidance when needed.

Overall Consideration

Both OPay and Moniepoint are reputable options for POS terminals, each with its strengths.

OPay is an excellent choice for merchants seeking a reliable and affordable POS terminal, while Moniepoint is a suitable option for those desiring a POS terminal with an extensive range of features and superior customer support.

However, the choice between the two ultimately depends on your specific needs and preferences.

To make an informed decision, consider the following factors:

  1. Type of Business: Evaluate the nature of your business. Certain POS terminals may be better suited for specific types of businesses. For instance, if you operate a retail business, you’ll require a POS terminal that can process card payments, while a service-based business may only need one for cash transactions.
  2. Transaction Volume: Estimate your daily transaction volume. If you expect a high volume of transactions, opt for a POS terminal capable of handling the load efficiently.
  3. Features: Identify which features are crucial for your business. Some POS terminals offer more features than others. For example, some can print receipts, which can be vital for specific businesses.
  4. Customer Support: Assess the importance of customer support for your business. Exceptional customer support can be invaluable, particularly when issues or questions arise.

Here’s the comparison of OPay and Moniepoint POS terminals presented in a table format for easier reference:

Cost₦45,000 (outright purchase)₦21,500 (caution fee, logistics fee, and insurance fee)
Transaction Fee0.5% capped at ₦1000.5% capped at ₦100
FeaturesCard payments, cash withdrawals and deposits, balance transfers, bill paymentsCard payments, cash withdrawals and deposits, balance transfers, bill payments, airtime and data purchase, transfers to bank accounts
Customer SupportGoodExcellent

This table provides a concise overview of the key features, costs, and capabilities of OPay and Moniepoint POS terminals, making it easier to compare and make an informed decision based on your business needs and preferences.

How much is a Moniepoint POS machine?

Moniepoint, a reputable player in the fintech industry, offers an accessible and efficient Point of Sale (POS) solution for businesses in Nigeria.

If you’re considering acquiring a Moniepoint POS machine, here’s what you need to know:


A Moniepoint POS machine is priced at ₦21,500, which includes the following components:

  • Caution Fee: ₦10,000
  • Logistics Fee: ₦10,000
  • Insurance Fee (1 year): ₦1,500

Acquisition Channels

You can conveniently purchase a Moniepoint POS machine through two primary channels:

  • Moniepoint Offices: Visit any Moniepoint office to acquire your POS machine.
  • Authorized Moniepoint Distributors: Authorized Moniepoint distributors also provide access to these machines, making them more accessible.

Getting Started

After obtaining your Moniepoint POS machine, follow these steps to get started:

  1. Create a Moniepoint Business Account: Set up your Moniepoint Business Account, a vital step to enable transaction processing with your POS machine.
  2. Funding Your Account: Ensure you fund your Moniepoint Business Account with a minimum of ₦21,500 to begin processing transactions.
  3. Commence Transaction Processing: With your Moniepoint POS machine ready, you can promptly start using it to process transactions for your customers.


Moniepoint POS machines offer a range of features, making them a versatile tool for your business:

  • Card Payments: Accept card payments with ease, expanding the payment options for your customers.
  • Transfers: Facilitate transfers, allowing for a seamless and efficient money transfer process.
  • Cash Withdrawals and Deposits: Offer cash withdrawal and deposit services, enhancing your customer experience.
  • Security Features: Moniepoint POS machines employ advanced security features to safeguard your business from fraud.


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Benefits of Moniepoint POS Machines

Utilizing a Moniepoint POS machine brings several advantages to your business:

  1. Increased Sales: By accepting card payments, you can attract more customers and boost sales.
  2. Reduced Fraud: Advanced security features in Moniepoint POS machines provide protection against fraudulent transactions.
  3. Improved Customer Service: The convenience of card payments enhances your customer service, making transactions more accessible and efficient.
  4. Access to Financial Services: With Moniepoint POS machines, you can offer an extended range of financial services, such as cash withdrawals and deposits, catering to broader customer needs.

If you’re seeking a reliable and affordable POS machine that offers enhanced services to your customers while ensuring the security of your business, a Moniepoint POS machine is a compelling option to consider.

How much does OPay charge per withdrawal?

OPay, a trusted fintech company, offers a convenient means of managing your finances, including cash withdrawals.

To optimize your experience and minimize withdrawal fees, it’s essential to understand the fee structure and employ smart strategies.

Here’s a breakdown of OPay withdrawal fees and tips for saving money:

OPay Withdrawal Fees

1. 1% Withdrawal Fee (Capped at ₦100):

  • OPay charges a 1% withdrawal fee on cash withdrawals, with the fee capped at ₦100. This means that, regardless of the withdrawal amount, you will not be charged more than ₦100. For instance, withdrawing ₦10,000 or ₦100,000 incurs the same fee of ₦100.

2. 3% Withdrawal Fee for Amounts Above ₦500,000 Weekly Limit:

  • If your weekly withdrawals exceed the ₦500,000 limit, OPay will impose a 3% withdrawal fee on the excess amount. For example, if you withdraw ₦600,000 in a week, the fee will be ₦18,000 (3% of ₦600,000).

3. ₦45 Transaction Fee for Transfers to Bank Account:

  • When transferring funds from your OPay wallet to your bank account, a transaction fee of ₦45 is applied.

Tips for Cost-Efficient Withdrawals

  1. Choose OPay POS Terminals or Agents:
    • Opt for withdrawing cash from your OPay wallet at an OPay POS terminal or through authorized OPay agents. This method is often more cost-effective than transferring to your bank account, which incurs a ₦45 transaction fee.
  2. Stay Below the ₦500,000 Weekly Limit:
    • To avoid the 3% withdrawal fee on amounts exceeding the ₦500,000 weekly limit, manage your withdrawals to stay within this limit. This strategy can help you save on fees when cashing out.
  3. Consider Alternative Payment Methods:
    • If you anticipate a significant cash withdrawal, explore other payment options like using a debit card, especially when the amount exceeds the ₦500,000 weekly threshold. Debit card transactions may offer a more cost-effective approach for substantial cash needs.

By applying these strategies, you can save on withdrawal fees while efficiently managing your finances with OPay.

Careful consideration of your transaction needs and adopting the right approach can lead to cost savings and a smoother financial experience.


Opay’s range of POS machines provides businesses in Nigeria with a spectrum of options to accommodate various transaction and payment processing needs.

By choosing the right Opay POS machine and staying updated on pricing and features, you can take a significant step in streamlining your business operations and providing enhanced services to your customers.


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