Safaricom came up with a new idea to help business people receive payments conveniently on their phones using the Lipa na Mpesa option. One needs to have a Till number to have this service. Lipa na M-Pesa is a good idea to customers where they need to pay for higher amount as it will cost less or nothing compared to when you want to send money direct to the business person.
The business owner using Lipa na Mpesa will enjoy benefits such as;
- Receiving payments
- Paying for other services
- Withdrawing the money
- Selling airtime to customers
Lipa na M-Pesa is relatively cheap as one will be charged only 0.5% of the transactions on the Lipa na MPesa but not more than ksh. 200. For transactions below ksh. 200, you will not be charged anything.
How to apply for Lipa na M-pesa
-You can apply online by visiting mpesaforbusiness.co.ke . Select apply now button. You will then choose M-Pesa business till.
-Select the type of business whether sole proprietary, or limited liability company.
-After following the procedures there, you will get your till number via SMS on the phone number you chose (nominated number) or your current phone number.
-While on the same page, download the Till Number sticker that you will use in your shop.
– Now next step is to activate the till number by dialing *234# and you change your pin to your preferred one and you will start receiving payments from your customers.