How much do M-PESA 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 become a M-PESA agent?
The following are the requirements for appointment as an authorized M‐PESA agent. Prospective agent must be registered as a LIMITED company or equivalent with at least 3 outlets ready to offer M‐PESA under the company names. The company MUST have traded for a minimum period of 6 months.
How do I check my M-PESA Commission?
Checking your M-PESA balance Select “Show balance” on the Safaricom App or select Check Balance on M-PESA menu in your Safaricom sim tool kit.
How much does it cost to send 10 000 via M-PESA?
Maximum Daily Transaction Value is KSHs.300,000.Maximum per transaction is KSHs.150,000….Transfer to other Mobile Money Users.
| Min(KSHs.) | Max(KSHs.) | M-PESA Charges |
|---|---|---|
| 2,501 | 5,000 | 67 |
| 5,001 | 10,000 | 112 |
| 10,001 | 20,000 | 197 |
| Other Transactions | Kshs. |
How do I buy mpesa float?
FLOAT PURCHASE FROM EQUITY BANK ACCOUNT
- 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 profitable is money agent business in Kenya?
MPesa business is one of the most profitable small capital businesses in Kenya. In a good month, you can make as much as Ksh 50,000 depending on location and traffic flow. These statistics, coupled with the immense profits generated from M-Pesa tells how a lucrative business opportunity MPesa is.
How do I become an equity agent?
What are requirements of becoming an Equity Agent?
- An existing business that has been operating successfully in the same location for a minimum of 12 months prior to application.
- Valid business permits for the existing business.
- A strategic business location – accessibility, visibility and security.
How do I buy MPESA float?
How can you tell if an M-Pesa line is aggregated?
To get an aggregated M-Pesa line you will need to look for an authorized Safaricom dealer (Agent) so as to get registered and be issued with an M-pesa agent Till line. There are several authorized Safaricom dealers across the country that you can contact to get registered as an M-pesa agent.
How much does it cost to send 20000 via M-PESA?
M-PESA Charges for 2021
| MIN (Ksh) | MAX (Ksh) | TRANSFER TO MPESA USERS, POCHI LA BIASARA AND BUSINESS TILL TO CUSTOMER (Ksh) |
|---|---|---|
| 10,001 | 15,000 | 97 |
| 15,001 | 20,000 | 102 |
| 20,001 | 35,000 | 105 |
| 35,001 | 50,000 | 105 |
Are there charges for LIPA NA M-PESA?
There are no customer charges for payments made using Lipa na M-PESA Buy Goods except for payments made at fuel stations.
What is the new commission structure for Mpesa?
The new 2021 Mpesa commission structure is aimed at ensuring agents getter better rewards on high-value transactions and as an incentive to hold adequate float. As a result, deposit commissions have increased by 12% – 170% across the bands as seen in the table below.
Do you have to pay Safaricom for Mpesa?
Even though there are no charges when Mpesa user makes deposits, Safaricom will pay commission for performing that service. When the Mpesa user withdraws money, he or she is charged a particular amount depending on the amount withdrawn.
How does the MPESA agent make a profit?
The profit made by the Mpesa agent is termed as commission. The two central transactions which determine the amount of profit is deposits and withdrawals. Even though there are no charges when Mpesa user makes deposits, Safaricom will pay commission for performing that service.
Can a dormant M-Pesa agent make money?
Yes. This is because the profit made by M-Pesa agents is determined by the number of transactions you make. This article will enlighten you on how Mpesa agents make money. So, if you are a dormant M-Pesa Agent, then you need to activate your account.
