If you’re a business owner in need of a reliable Point of Sales Terminal to handle your payment issues or if you want to venture into the POS business, then this article is for you. I will discuss the advantages of OPAY POS over other terminals and provide the updated step-by-step process for applying for an OPAY POS machine.
What is POS and how does it work?
POS stands for point of sale. A POS machine enables businesses to accept payments from customers and keep track of sales. The setup can vary depending on whether you sell online, have a physical store, or both.
In the past, POS machines were only found in larger establishments like supermarkets. However, now we have mobile POS machines available for businesses of all sizes.
Advantages of OPAY POS Terminals
Have you ever been told by a business that you can’t use their POS machine unless you spend a certain amount? Or experienced POS machines that take forever to process? With OPAY POS, you won’t encounter these issues. Here are some benefits of using an OPAY POS system:
- Low transaction charges
- Easy setup
- Enhanced security
- Prompt and efficient customer support
- Fast processing speed
- Various merchant services options
- Ability to offer withdrawal and deposit services
- Real-time transaction monitoring
- Affordable POS machines
- Online and physical presence
OPAY POS Machine Services
OPAY supports both personal and business accounts. Even with a personal account, you can still be a merchant. This is great news for students or anyone looking to earn extra cash. Starting an OPAY POS business doesn’t require a large investment.
What services can you offer with an OPAY POS machine? Here are some examples:
- Withdrawal and depositing services
- Utility bill subscription
- Payment for goods and services
- Payment channel for online stores
- Banking services
- Sales of airtime and data
- Loan services
How to Apply for OPAY POS Machine
OPAY offers a range of POS machines, including:
- The regular POS machine
- The mini POS machine
- The online POS machine
The online POS machine is particularly flexible. All you need is a smartphone and an internet connection to get started. This saves you the cost of buying a physical POS machine, making it perfect for those on a budget.
The mini POS machine is compact and portable, allowing you to move around discreetly.
To apply for an OPAY POS machine, follow these instructions or visit the nearest OPAY office:
- Download the OPAY Business app from the Play Store or Apple Store.
- Sign up for an OPAY account. If you already have an account, simply log in.
- Once logged in, click on the “My POS” tab icon.
- This will take you to a page where you can select the type of OPAY POS machine you want, as well as choose the location for pickup.
- After making your selection, click on the “Next” tab.
- You will be required to provide the last two to three months’ bank statements and one or two emergency contacts. The specific requirements depend on the type of POS machine you are applying for.
- Once you have provided the necessary information, click on the “Submit” tab.
- After submitting, you will need to pay the caution fee and provide other relevant details, such as a photo of a valid government ID and a photo of your shop where you will be using the POS machine.
- After completing the application, an OPAY agent will review it. This process can take up to one week. Once your application is approved, you will receive a notification via email, text, or phone call.
OPAY is one of the leading fintech companies in Nigeria and provides top-quality POS machines. Starting a POS machine business in Nigeria using OPAY POS is a sound investment.