How much does it cost to start an MPesa business?
b) Minimum Float balance of Kshs 200,000 in the head office. Organization ready to avail a minimum of Kshs. 200,000 as capital to run M-PESA Agency business.
How much does an MPesa agent line cost?
An agent will expected to invest the following amounts: (a) Kshs 100,000 per outlet for float. (b) Kshs 100,000 for SIMEX (SIM replacement cards). (c) Kshs 100,000 per outlet for additional outlets for float.
How much do MPesa agents earn?
With the new tariffs, the lowest an agent earns on deposits between sh. 50 to 100 is 4 shillings. The highest commission is sh 190 for deposits of sh. 50,000 to 70,000.
How do I buy MPesa float?
Dial *247# or go to your Equitel SIM menu and select Buy M-PESA Float. Enter your Agent Number. Enter Amount of Float you wish to Purchase. Enter your mobile Banking PIN.
How do I earn MPesa commission?
Agents earn a commission from Safaricom whenever they make deposits or withdrawals for their clients. Even though clients deposit money into their accounts for free, Safaricom still pays commission to Mpesa agents performing this service.
How can I become a Safaricom dealer?
How to Become a Safaricom Supplier
- Company profile – a profile of your company indicating the nature of business, history, organization, capability, etc.
- Company Certificate of registration.
- Tax compliance certificate (where applicable)
- PIN Certificate (for Kenyan Companies)
How do I become a M-PESA sub dealer?
As a sub-dealer, you are required to maintain a minimum M-Pesa float of Ksh. 30,000 on your M-Pesa Till line. You will also be required to avail some documents which include a National Identity card, Certificate of Good Conduct, and Business Name, in order to get the sub-dealer line.
How do I register my Safaricom line as an agent?
Visit your nearest M-PESA agent outlet or Safaricom retail centre and present a mobile phone with a Safaricom SIM card and valid Identification document. After successful registration, you will receive a confirmation message and a 4-digit M-PESA PIN sent by SMS .
How Safaricom dealers make money?
Safaricom pays its airtime dealers and retailers a commission based on the value of scratch cards sold. Previously, direct airtime purchases made from M-Pesa did not attract any sales charges, but this model was reviewed effective August 2015 to compensate mobile money dealers and parent firm Vodafone.
Can I convert my airtime to M-PESA?
All you need to do is to forward the Mpesa airtime transaction message to 456. Through this, the reversal process will be successful and your money will go back to Mpesa. Also, you can turn airtime to Mpesa by contacting customer care especially when you accidentally bought airtime from your Mpesa.