The M-PESA Business till is an enhancement of the existing Lipa Na M-PESA Buy Goods till that enables business owners to collect payments on the till and use the money collected to make other transactions directly from their till.
The M-PESA For Business till is Ideal for businesses in retail, such as supermarkets, restaurants, hardwares, pharmacies, boutiques, salons etc. that collect money from customers regularly as part of their business.
The product is targeted at M-PESA Merchants directly acquired by Safaricom or Safaricom dealers falling in the category of individuals, or sole proprietors. Limited companies, partnerships wishing to use the product will be required to place the request via an official board resolution letter signed by authorized signatories indicating the nominated number and persons authorized to transact on its behalf.
This product provides a one stop account for collecting and making payments directly from the till enabling them to separate their personal M-PESA payments from business payments. The following are the services available under this product.
Receive payments from other Businesses and Customers
Pay another business from the till – Pay bill or Buy Goods
Make payments to Customers
To the owner nominated number
At M-PESA Agent
Sell Airtime to customer using collected funds and earn commission