Menu Close

How do M-Pesa agents earn commissions?

How do M-Pesa agents earn commissions?

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. This fee distributes to Safaricom, principal agent, and the sub-agent.

How do I withdraw my M-Pesa agent commission?

Withdraw from M-PESA

  1. Confirm the M-PESA agent has sufficient funds for your transaction.
  2. Give your phone number and show your original ID.
  3. Go to your M-PESA menu, select ‘Withdraw cash’
  4. Enter the Agent number, the amount you wish to withdraw and your PIN.
  5. Confirm the details are correct and press OK.

How do I become a M-Pesa sub agent?

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 convert M-Pesa to float?

Getting Cash For Your Mpesa Agency Till. You will move money from your float account to the working account. To do this, go to your safaricom SIM Menu>Choose Mpesa>Choose Store Mgt (Store Management)>Choose Move Money>Choose From Float>Enter Amount then enter Agent ID and PIN then send.

How do I buy M-Pesa 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 check my Stawisha?

Safaricom PLC on Twitter: “@alfoncemuthui Check your points balance by dialing *234#, select Stawisha na M-shwari and follow prompts.

How much do M-Pesa agents earn per month?

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 much does Safaricom pay M-Pesa?

On average, the deposit commissions range between 12-17% across the various transaction bands. And as you have noted, Safaricom has introduced a new Kshs. 0- 49 transaction band to cater for small transfers.

How much do MPesa agents earn per month?

How much does Safaricom pay MPesa?

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 much do M-Pesa agents earn?

What can I do in the Safaricom World app?

Buy non-expiry bundles, check your balances, manage your Postpay account or migrate your line from Prepaid to Postpaid, top up, manage your home fibre account, check your data and airtime usage or buy your favourite newspaper. My Safaricom World You need to enable JavaScript to run this app.

How is Safaricom using technology to manage its assets?

With the Asset Management and Asset Tracking Modules, Safaricom has made asset tracking across its warehouses and sites much more efficient, and streamlined maintenance operations. What’s more, warehouse automation with mobility has helped the company to make the best use of its space and resources.

What is Safaricom doing with Oracle r11i?

For around ten years, Safaricom had been using Oracle E-Business Suite R11i for business processes across finance, supply chain management and human capital management. The company was using many of its business functions, with manual links and reconciliation processes.

How could Safaricom improve its dealer service to increase customer loyalty?

Safaricom sells phones, contracts and airtime through a vast network of dealers. How could Safaricom improve its dealer service to increase loyalty and revenues? Partnering with IBM, Safaricom replaced its existing applications with Oracle E-Business Suite R12 and Oracle Fusion Middleware, enabling it to automate manual processes such as payments.

Posted in General