- Safaricom Mpesa Rates : Current Mpesa Tarrifs
- Safaricom Mpesa Charges: Mpesa Rates – Mpesa Tariffs
- Mpesa Paybill Charges
- Business Mgao Tariff
- Business Bouquet Tariff
- Customer Bouquet Tariff
Safaricom Mpesa Rates : Current Mpesa Tarrifs
Searching for Safaricom Mpesa charges, Mpesa Tariffs, or Mpesa Rates in Kenya? M-Pesa has expanded its popularity across the globe and helping a lot of people in making their life better and easier. First, let’s understand what is M-Pesa? Many people in Kenya and across the world are using the platform and don’t know how Mpesa works.
What is M-pesa?
M stands for mobile and pesa is a Swahili word for money. M-pesa is simply a mobile phone-based money transfer application. M-Pesa enables the users to deposit, withdraw, transfer money and pay for goods and services through the mobile phone.
Mpesa service allows the registered user to deposit money into an account stored on their cell phones. To be able to Withdrawal money from the mobile phone, visit Mpesa Agent; follow the simple instructions prompted on the phone which will require you to enter your personal pin in order to withdraw. To know the Mpesa Charges you can check on the Mpesa Withdrawal Charges Chart.
Mpesa users are normally charged a small fee for sending money and withdrawing money. There are no charges for depositing funds.
M-pesa Services or Products
M-pesa has many services that it offers its users. It enables users to:-
• Deposit and withdraw money
• Make Payment or Settle bills
• Transfer money to other users (Mpesa Unregistered Users and Mpesa Registered Users)
• Buy Goods and Services
• Transfer money from the platform to banks or from banks to M-pesa
• Purchase airtime
Safaricom Mpesa Charges: Mpesa Rates – Mpesa Tariffs
The Mpesa charges for sending money or mpesa charges for withdrawing money depends on the type of transaction you are undertaking or the amount of money being transacted. Mpesa Transaction Rates depends on the amount of money being transferred and whether the payee is Mpesa registered user or not.
Mpesa Charges Kenya or the mpesa charges list is a fixed amount for a given range of transaction amount; for instance Safaricom charges Kes 44 for a transaction to an unregistered user for a transaction between KSh 101-500.
One can send as little as Kshs 1 on M-PESA for free and make payments through buy goods and paybill for up to Kshs 100 for free. Above Kshs 100 Mpesa Charges Apply.
The maximum amount one can transfer to non-registered user of the system is Kshs 35,000. This is due to Know Your Customer / Anti Money Laundering policy set by the Central Bank of Kenya. The maximum amount one can transfer to a registered user is Kshs 70,000 per transaction. Mpesa Charges are higher to send money to non-registered subscribers.
What is the maximum daily M-pesa transaction limit? The maximum daily M-pesa transaction limit is Ksh 140,000.
Therefore the Mpesa Tariffs increase as the amount increases or the actual cost is pegged on the amount transacted within the platform.
Send or withdrawal money stress-free and at affordable rates. Check the Mpesa rates for withdrawal or Mpesa transfer rates and know the amount you will be charged on the Mpesa Charges Chart.
Find the Current Safaricom Mpesa charges for sending and withdrawing money via Safaricom agent, ATM, and m-pesa tariffs when transferring money both to registered and un-registered m-pesa users.
Mpesa deposits are free. No Mpesa charges when buying Safaricom airtime through M-pesa.
Below are the Safaricom Mpesa charges, Mpesa Rates, Mpesa Tarrifs or Mpesa Transaction Rates.
The M-PESA charges depend on the amount of cash you are sending or withdrawing.
Safaricom Mpesa Withdrawal Charges from M-PESA Agent
Safaricom Mpesa Transfer Charges to Unregistered Users
Safaricom Mpesa Transfer Charges to Registered M-pesa Users
Safaricom Mpesa Transfer to other mobile users : Telkom & Airtel
Mpesa ATM Withdrawal Charges
Find Mpesa ATM Withdrawal charges. These Safaricom Mpesa rates for ATM Withdrawal will guide you on the amount you want to withdrawal from your M-pesa through ATMs
Mpesa transaction rates or Charges vary according to the amount of money you want to withdrawal from the ATM
- The Maximum Account Balance is KShs 100,000
- To be able to transact with Mpesa, your Safaricom line and M-PESA account must be active
- The Maximum Daily Transaction Value is KShs 140,000.Maximum per transaction is KSh 70,000
- At an M-pesa agent, you cannot deposit money directly into another M-PESA customer’s account directly. You have to deposit the cash into your account first then transfer to the other person
- One earns Bonga points when they transact on M-PESA.
- To transact or register at any M-PESA Agent, you will be needed to identify yourself by producing your original identification document, that is National ID, Military ID, Passport, Diplomatic ID or Foreigner Certificate or Alien ID
Mpesa Charges Download
Mpesa Paybill Charges
Today we help you understand some of the ways in which your Mpesa paybill charges are calculated and the reason why some transaction may be cheaper and others expensive.
Since its inception mpesa has made the life of many people become easier in terms of money transfer and payment of bills. To date many business have acquired paybill number to enable their clients have better and easier option of clearing their bills.
Every time you carry out or pay through mpesa, there are certain mpesa paybill charges that you incur depending on the transaction you are carrying out. The charges you get depend on the mpesa paybill tariff the business has registered into.
Below we have looked into the type of mpesa paybill tariffs available to business opting to have lipa na mpesa account
Business Mgao Tariff
This mpesa paybill tarrif normally splits mpesa paybill charges between the customer and business. Many business do not prefer this kind of tariff because it lead to other business expense that would lower their profit margins.
Chart for mpesa paybill charges: Business Mgao Tariff
Business Bouquet Tariff
Under this tariff no charges are incurred by the business; the entire cost are paid by the customer hence higher mpesa paybill charges compared to Business Mgao Tariff. In most cases this is the most preferred kind of tariff
Chart for mpesa paybill charges: Business Bouquet Tariff
|Mpesa paybill Business Bouquet Tariff|
|Min||Max||Customer Charges||Business Charges||Total|
Customer Bouquet Tariff
The last kind of mpesa paybill tariff is Customer Bouquet Tariff, in this tariff the businesses choose to incur all the cost, the customer bears no cost. It is the least considered kind of tariff for most businesses
Chart for mpesa paybill charges: Customer Bouquet Tariff
|Customer Bouquet Tariff|
|Min||Max||Customer Charges||Business Charges||Total|
It is now easier to estimate the amount of mpesa charges you will get as per above described tariffs.
Elimu Centre is your one-stop-shop for all your education informational needs and much more.
Follow us at Elimu Centre