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No, the OPay POS machines are not currently free. Previously, OPay offered free POS terminals as part of a promotional campaign, but this ended in July 2023.
To acquire an OPay POS machine, interested parties must purchase one at the specified price point. The cost varies based on the type and features offered. The Mini POS is priced at ₦10,000, the Smart (Android) POS at ₦60,000, and the Traditional POS at 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.
While free OPay POS terminals were available in the past, the company is no longer offering this promotion. 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 sets daily targets for its POS operators and agents, which are designed to encourage higher transaction volumes. The specific daily target for OPay POS agents is ₦20,000. 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.
In contrast, some POS machines from other providers, like PalmPay and Moniepoint, have different target requirements, but OPay's target is specifically aimed at enhancing user engagement and transaction frequency within their platform.