No, the OPay POS machines are not currently free. Here's why: OPAY was once offered a free POS terminals as part of a promotional campaign, but this ended in July 2023. At that time, OPAY introduced outright sale of it POS machines. This sale policy allow OPAY agents to purchase the payment terminal in full and without the need for meeting any daily target.
However, for agents that previously got the machine before the outright sales policy was introduced will continue to meetup with daily target because they're still on caution fee policy. Meanwhile, they can change this policy by making full payment of their terminal to the company.
So, since 2023, OPAY POS Machines are no longer free. To acquire an OPay POS machine, you must purchase one at the specified price point. However, you should know that POS machines price will varies depending on their types and features.
The Mini POS is labelled a price of ₦10,000, the Smart (Android) POS is priced at ₦60,000, and the Traditional POS cost around ₦45,000. Additionally, there is a caution fee of at least ₦20,000 that must be retained in the OPay Wallet when applying for a POS machine.
In a nutshell, while there was free OPay POS terminals in the past, the agency banking company is no longer offering its POS terminal on caution policy. This means you need to purchase the payment terminal outrightly and bare any further damages that happen to the machine yourself. Individuals interested in obtaining an OPay POS machine will need to purchase one at the current market price, which ranges from ₦10,000 to ₦60,000 depending on the specific model and features.
OPay POS Daily Target
OPay sets daily targets for its POS operators and agents that are still on Caution fee policy. These targets are implemented to encourage higher transaction volumes as the POS terminals are offered to them for free. The specific target for OPay POS agents is ₦20,000 per day. This target must be met to maintain the operational status of the POS machine and to avoid any penalties associated with falling short of the set goal such as POS account suspension and finally collecting the terminal from such agent.
In contrast, some POS machines from other providers in Nigeria, like PalmPay POS and Moniepoint POS, have different daily and monthly target requirements, but OPay's target is specifically focused at encouraging it agency banking user engagement and transaction frequency within their platform. You can check out Moniepoint Commission here.
