How to Upgrade Opay Account to Send & Receive Huge Money: Opay provides a convenient platform for financial transactions, but if you want to send or receive substantial amounts of money, upgrading your Opay account is a smart move. In this step-by-step guide, we’ll walk you through the process of upgrading your Opay account for higher transaction limits securely.
What Is Opay?
Opay is a popular mobile payment and financial platform in Nigeria, offering various services, including money transfers, bill payments, and investment opportunities.
Why Upgrade Your Opay Account?
Upgrading your Opay account is essential if you intend to send or receive significant sums of money. It unlocks higher transaction limits and provides additional features that enhance your financial flexibility.
Opay KYC Levels
Know Your Customer levels. Opay has a KYC account level where you can get to a new level every time you upgrade your account.
The following are all the Opay KYC levels.
- KYC level 1 – ₦50,000 maximum account balance, and ₦50,000 maximum daily transaction.
- KYC level 2 – ₦300,000 maximum account balance, and ₦200,000 maximum daily transaction.
- KYC level 3 – Unlimited maximum account balance, and 5,000,000 maximum daily transactions.
- Opay merchant account – Unlimited maximum account balance, and unlimited daily transactions.
Now that you know all the levels and their limits, let’s see how to upgrade your account to those levels respectively.
How to Upgrade Your Opay Account
Follow these straightforward steps to upgrade your Opay account:
- Step 1: Open the Opay app on your mobile device. If you haven’t already installed it, you can find it in your phone’s app store.
- Step 2: Ensure you’re logged in to your Opay account. If not, sign in using your current credentials.
- Step 3: On the app’s main screen, locate and tap on your profile or account settings. This is typically represented by your profile picture or a settings icon.
- Step 4: In your profile settings, you’ll find an option to “Upgrade” or “Verify Account.” Tap on this option.
- Step 5: Opay will guide you through the account verification process. You’ll need to provide certain information and documents for verification purposes. This may include your full name, date of birth, and a valid identification document like your National ID, Driver’s License, or International Passport.
See also: Opay POS Machines 2023: How to Apply, New Price & Charges
- Step 6: Follow the prompts to upload clear and legible photos or scans of your identification document. Ensure that the images are of high quality and show all necessary details.
- Step 7: After uploading your documents, Opay may request a selfie for identity verification. Take a clear selfie as per their instructions.
- Step 8: Once you’ve completed all the necessary steps, review the information you’ve provided to ensure it’s accurate.
- Step 9: Submit your verification request to Opay. They will review your documents and information.
- Step 10: Opay will notify you once your account upgrade is approved. You’ll then have access to higher transaction limits, allowing you to send and receive larger sums of money.
Congratulations! You’ve successfully upgraded your Opay account, and you can now enjoy the increased transaction limits and enhanced features that come with it.
Read Also: OPay Sign-Up Bonus in 2023
How to Upgrade Your Opay Account to Tier 2
To upgrade your Opay account, all you need to do is log in to your Opay account, then click on your profile icon at the top left corner of your screen, then scroll down and click on the “Upgrade to KYC 2” button.
Once the page loads, then proceed to fill in all the required information and upgrade your account.
That’s simply how to upgrade an Opay account to level 2. Now, let’s see how to do it for level 3.
How to Upgrade Opay Account to Tier 3
Similar to upgrading your account to level 2, you can upgrade your Opay account to level 3 by simply logging into your Opay account, clicking on your profile image icon, clicking the “Upgrade to KYC 3” option, and then filling in the required information to upgrade your account.
How to Upgrade Opay Account to Merchant Account
This can also be done in a similar way to the above levels. All you need is to follow the steps below:
- Open the Opay app and log in to your account.
- On your dashboard, click on your profile image icon located at the top left corner of your screen.
- Now, scroll down a little and click on the “Upgrade to Merchant” button.
- Then, fill in all the required information to upgrade your account.
That’s simply how to upgrade your account to a merchant account.
Important Notice
Here are some additional tips to keep in mind:
Ensure that the information and documents you provide during the verification process are accurate and up to date.
Be patient during the verification process, as it may take some time for Opay to review your submission.
Keep your upgraded Opay account credentials secure and never share them with anyone.
Frequently Asked Question on Opay Account Upgrade
How do I upgrade my Opay from Tier 1 to 2?
- Login to your Opay account using your User details.
- Click on ME on the bottom right corner.
- Click on Upgrade to Tier 1, Tier 2 or Tier 3.
- You will need to provide the required like BVN, NIN, Voters’ card, driver’s license, international passport etc.
What is the limit for level 1 account on Opay?
The maximum amount you can transfer on a level 1 Opay account per day is N50,000, a level 2 account can transfer N200,000 per day, a level 3 account can transfer N5,000,000 daily, and there’s no limit to the amount an Opay Merchant can transfer daily.
What is the requirements needed to upgrade an account to KYC Level 3?
- Go to Upgrade ”Account”.
- Click on Upgrade to level 3.
- Upload a clear picture of your recent (last 3 months) utility bill. Please be sure that the picture is very clear and the address is visible.
How much can OPay Tier 2 receive?
OPay on X: “@omegaITsolution Thank you for contacting OPay! The daily limit for tier 2 is 200,000 naira.
Dynablog’s conclusion on Opay Account Upgrade
Upgrading your Opay account is a wise decision if you need to send or receive substantial amounts of money. This process enhances the security and functionality of your account, enabling you to conduct larger transactions with confidence. By following the steps outlined in this guide, you can quickly upgrade your Opay account and enjoy the benefits of higher transaction limits. Don’t wait—upgrade your Opay account today for a more convenient and flexible financial experience.
Meet RASHEED FARUQ ADEYEMI, a Student of University of Ilorin, Department of Water Resources and Environmental Engineering. Beyond that professional pursuit, he’s a professional writer who finds solace and joy in solving people’s problems through the art of writing. Through this platform, he aspires to share their knowledge, experiences, and insights, connecting with like-minded individuals and leaving a positive impact on their audience.
Join Dynablog.com.ng on this journey of finding and sharing the right information to it’s audiences.
Thank you!