M-PESA Business Till: Charges , Integrate M-PESA Store Number And How to Get started

Time and convenience are essential in the fast-paced world of digital transactions. Safaricom has tapped into this reality by introducing the M-PESA Business Till - a service that allows businesses to collect payments and make transactions directly from their till. In this article, we'll explore the ins and outs of the M-PESA Business Till, highlighting its significance, functionalities, and impact on businesses.

Understanding the M-PESA Business Till

The M-PESA Business Till is an innovative solution that enhances the Lipa Na M-PESA Buy Goods Till experience. Ideally designed for retail businesses like supermarkets, restaurants, boutiques, online businesses, and more, this platform enables businesses to segregate their personal M-PESA payments from their business transactions.

Key Features of M-PESA Business Till

1. Receive and Make Payments

The primary functionality of the Business Till is to receive payments from other businesses and customers. Additionally, it allows the business to make payments to other businesses or customers using the funds collected in the till.

2. Direct Withdrawals

Funds collected in the Business Till can be withdrawn directly to the business owner's nominated M-PESA account, to a bank, or at M-PESA agent outlets.

3. Airtime Sale and Commission

Businesses can sell airtime to customers directly from the till, earning a commission.

4. Business Loans

M-PESA Business Till users can access business credit/loan facilities such as Fuliza ya Biashara and M-PESA Business Loan.

How to Access the M-PESA Business Till?

Access to this service is simple and flexible. Business owners can use either the M-PESA Business App or USSD 2342#. The M-PESA Business App provides a faster and more comprehensive experience. Business owners can easily visualize their payment collections and transactions directly from the app. This offers better visibility, control, and insights into their tills and money.

Charges and Tariffs

Understanding the charges is vital in maximizing the benefits of this service. Notably, the business owner is charged a maximum of 0.5%, capped at KShs.200 per transaction for money collected on the till. Additionally, collections of KShs.200 and below are free.

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Integrating the M-PESA Store Number

As an M-PESA Business Till user, you'll be assigned a unique store number. This number enhances transaction safety, completing the withdrawal process only if the store and agent numbers match. It's a solution to avoid customers making transactions to the wrong agent number.

Notable Success Stories

Since its launch, M-PESA Business Till has significantly impacted businesses. Here are a few success stories:

The owner of a boutique in Nairobi shared how the M-PESA Business Till has streamlined his business operations. By separating personal and business transactions, he can track his income more accurately and effectively.

A restaurant owner in Mombasa uses the Business Till to sell airtime to customers. This not only provides an additional revenue stream but also increases customer satisfaction.

An online business has used the M-PESA Business Till to expand its customer base. This service's convenience and security have attracted customers who prefer digital transactions over cash payments.

READ ALSO: M-Pesa Store Number: What To Know When Applying for a Business Till Number

Conclusion

The M-PESA Business Till is more than just a platform; it's a revolution in the retail business transaction space. It has made transactions faster, more secure, and more convenient. If you run a business, it's time to upgrade your operations and join the M-PESA Business Till revolution!

FAQs

What is the M-PESA Business Till?

It's a service that allows businesses to collect payments and make transactions directly from their till.

What services can I access with the M-PESA Business Till?

You can receive payments, make payments, withdraw funds, sell airtime, and access business loans.

How can I access the M-PESA Business Till?

You can access it via the M-PESA Business App or the USSD code 234

What are the charges associated with the M-PESA Business Till?

The business owner is charged a maximum of 0.5%, capped at KShs.200 per transaction for money collected on the till. Collections of KShs.200 and below are free.

What is the M-PESA store number?

TO ENHANCE TRANSACTION SAFETY, the M-PESA store number is a unique identifier assigned to each M-PESA Business Till user.

Overall, the M-PESA Business Till is changing how businesses transact, operate, and serve their customers. It has opened up new opportunities and possibilities, making it an essential tool for businesses of all sizes.

If you still need to start using M-PESA Business Till, consider doing so today and experience the revolution in retail business transactions!