Too bad most OPay users never saw this coming, they presume N10 transaction fee will continue forever, but unfortunately, OPay has introduced a 1% transaction fee on bank transfer services.
Previously, the app charged N10 when users made transactions from their OPay wallets to regular bank accounts. This fee will no longer apply; instead, the app will now charge N45 for the first transaction a user makes in a day. Subsequent transactions will incur a flat 1% processing fee.
Initially it was unannounced 2% transaction fee as at Tuesday morning, but the company was forced to return it to 1% transaction fee when users were reacting negatively online.
We have now reviewed our bank transfer fees and from 6 AM tomorrow, the fee for our bank transfers will be N45 for the first transaction of the day and 1% for subsequent ones.
Again, we apologise. Thank you for your understanding.
— OPay (@OPay_NG) November 5, 2019
Meaning if you are going to transfer N100,000 from the app to any bank account, instead of paying N10 transaction fee, you’ll now pay N1000 (1%) processing fee. If it’s the first transaction you are making for that day, you’ll only be charged N45 processing fee.
Users have been reacting negatively online and seem not to be happy about the sudden increase in charges with OPay. Bank excessive charges is the major reason why most individuals prefer to use OPay… but now, users are having a second thought.
Rubies bank is always here to the rescue, and nothing is going to change that anytime soon. Transfer to any bank in Nigeria regardless of the amount is N21. You also have access to free Debit Verve card, deliverable to any location you are in Nigeria.
You can check how to get a free Rubies Debit Card here and download the app.
OPay users, what do you think?
Oga yomi I have complained about my inability to comment on your blog
And you have been ignoring my comments
Na waoo am not happy ooo
I use chrome browser
Coin, I have replied you severally, but you don’t read the post you always drop your comment. Use another browser, firefox or vivaldi browser and you’ll be able to comment
They are really mad! I transferred #30000 on monday/ Tuesday midnight, Opay charged me #600. I called them the following morning, they apologized and told me if i want to continue enjoying the #10 charge fee, i should upgrade my account to KYC level 3 by submitting my Id card, Utility bill and Passport. I did all that and was upgraded after about 30 minutes and my transfer’s back to #10 fee. Also they told me they will send me a certificate that qualifies me as their agent for reaching the maximum KYC level
N600 is too much ooo
Oh I thought as much because all my transactions is just 10 naira each
Now I know it’s because am an agent with level 3, though they did not send me any certificate for that
RIP gradually Opay
😂 😂 😂
This is Nigeria, things are enjoyed at first but later become sour.
Also read Riele Downs Current Net Worth
Hmmm they will loose users
They will definitely loss customers
That’s their business strategy, but is just too much. Not fair at all href=”loveonet.com/” rel=”dofollow”>Nice article