OPay is a popular mobile payment platform that provides various financial services in Nigeria. Among its features, one commonly asked question is whether transfers on OPay are free.
In this article, we’ll delve into the details to give you a clear understanding of OPay’s transfer fees and any potential charges involved.
OPay Transfer Fees
Unlike traditional banking systems, OPay offers low-cost transfers, making it an attractive option for users. However, it’s important to note that while OPay itself does not charge any transfer fees, there may be third-party fees involved depending on the transaction type.
1. Bank Transfers
OPay allows you to transfer funds from your OPay wallet to any bank account in Nigeria. The good news is that OPay does not impose any fees for bank transfers. However, some banks may charge a token fee for receiving funds. It’s advisable to check with your bank regarding their policies on incoming transfer charges.
2. OPay Wallet Transfers
Transferring funds between OPay wallets is a seamless process and is completely free. You can send money to friends, family, or anyone with an OPay account without incurring any charges.
3. Airtime Transfers
OPay enables you to purchase airtime for yourself or send airtime to others. The airtime transfer service on OPay comes at no extra cost.
You can conveniently recharge your phone or support your loved ones without worrying about additional charges.
4. Merchant Payments
OPay allows you to pay for goods and services at various partnering merchants. The platform does not charge any transfer fees for these transactions, making it a cost-effective option for both buyers and sellers.
Are there any charges for transferring money from OPay to a bank account?
OPay itself does not charge any fees for bank transfers, but the recipient’s bank may impose a small fee.
Do I need to pay a fee for transferring money between OPay wallets?
No, transferring funds between OPay wallets is completely free of charge.
Are there any additional charges for airtime transfers on OPay?
No, OPay does not impose any extra fees for airtime transfers. You can conveniently recharge your phone or send airtime to others without any charges.
Do I need to pay any fees when making payments to merchants through OPay?
No, OPay does not charge any transfer fees for payments made to partnering merchants.