The M-PESA Business till is an enhancement of the existing Lipa Na M-PESA Buy Goods till that enables business owners to collect payments on the till and use the money collected to make other transactions directly from their till.
The M-PESA For Business till is Ideal for businesses in retail, such as supermarkets, restaurants, hardware, pharmacies, boutiques, salons etc. that collect money from customers regularly as part of their business.
The Product can be accessed via USSD *234*2# or via app M-PESA for Business App. M-PESA for Business App allows businesses to better visualize their payment collections and spend, see the full statements and transact directly from the app. The app provides users a faster and simpler payment experience.
– To apply for M-PESA Business till click on this link: https://m-pesaforbusiness.co.ke/
– To Download the M-PESA for Business App for Android click on this link https://bit.ly/lnm-app
– To Download the M-PESA for Business App for IOS click on this link https://bit.ly/LNM-app
Why this service is good.
This product provides a one-stop account for collecting and making payments directly from the till enabling them to separate their personal M-PESA payments from business payments. The following are the services available under this product.
1. Receive payments from other Businesses and Customers
2. Make payments
– Pay another business from the till – Pay bill or Buy Goods
– Make payments to Customers
3. Withdraw funds
– To the owner nominated number
– To Bank
– At M-PESA Agent
4. Sell Airtime to customers using collected funds and earn commission
Rates and Charges
What are the charges for the new M-PESA Business till transactions?
1. Pay to another Business Till (Buy Goods till) – 0.25% capped at Ksh 200
2. Pay to a mobile Number (B2C) – Existing M-PESA send money charges apply
3. Pay to a utility till (Pay bill C2B) – Standard paybill charges apply
4. Merchant Withdraw at agent – Standard agent withdrawal charges apply
5. Merchant Sell Airtime – 5% Commission earned by the merchant