Managing cash flow can be a daunting task for businesses in Kenya, with countless challenges ranging from counting bills to ensuring security. However, there’s a revolutionary solution that simplifies financial management and streamlines transactions: the Safaricom Lipa na Mpesa Till, also known as the Buy Goods Till Number. More than just a payment option, it serves as a comprehensive financial management platform tailored to enhance business operations.
Benefits of Safaricom Lipa na Mpesa Till
- Seamless Payments: Enjoy hassle-free transactions with customers from any mobile money network in Kenya.
- Comprehensive Functionality: Utilize collected funds for various purposes, from settling supplier payments to disbursing salaries.
- Additional Income Streams: Earn a 5% commission on every airtime sale, enhancing your revenue effortlessly.
- Access to Financing: Gain eligibility for financing options like Boost ya Biashara and M-Pesa Business Loan to fuel business growth.
- Enhanced Security and Organization: Maintain clear segregation of business finances with a separate SIM card and account, ensuring better organization and peace of mind.
- Business Management Tool: Track transactions, generate reports, and gain valuable insights into cash flow for informed decision-making and operational optimization.
Apply for your Lipa na Mpesa Till today and revolutionize your business’s financial management experience!
How to Apply for Lipa na M-Pesa Till Number
Applying for a Lipa na Mpesa Till is straightforward:
- Visit the Safaricom Self Onboarding portal: https://m-pesaforbusiness.co.ke.
- Click “Apply Now” and select your desired product.
- Choose your business category (individual, sole proprietor, or limited liability company).
- Receive your till number and store number via SMS.
- Download the Lipa Na Mpesa sticker from the portal.
- Activate the till by dialing *234# and change your PIN to start transacting.
Requirements for Lipa na M-Pesa Till Account
The documentation needed varies based on your business category:
- Individual Category: National ID copy (front and back).
- Sole Proprietor Category: National ID copy, Certificate of Registration or Business Permit.
- Limited Liability Company: Annual Returns, Cancelled cheque or bank letter, Company KRA PIN Certificate, Certificate of Incorporation, CR12, and directors’ National IDs.
Rates and Charges
- For customers: Using Lipa na Mpesa Till to pay for goods and services incurs no transaction fees.
- For businesses: Collections are free for payments of Ksh. 200 and below. Transactions above Ksh. 200 are charged a 0.55% fee capped at Ksh. 200.
Here’s how to activate and change your M-PESA Business Till PIN:
Activating the Till Number
- Dial *234# from the nominated number.
- Select option 2 – M-PESA Business Till.
- Enter your Store number (received via SMS).
- Select option 1 – Yes to accept the Terms and Conditions.
- Submit your request.
- You’ll receive an M-PESA message with your operator ID and a Start key PIN.
Changing the Till Number PIN
- Dial *234# from the nominated number.
- Select option 2 – M-PESA Business Till.
- Enter your Store number.
- Select option 5 – Account Services.
- Select option 1 – Change PIN.
- Enter the operator ID sent earlier.
- Enter the old PIN (Start key from the SMS).
- Create your new secret PIN and confirm it.
- Submit your request.
- You’ll receive a confirmation message once your PIN has been changed and the till successfully activated.
You can also activate your Till by downloading the M-Pesa Business app from Google Play Store or iPhone App Store.
Embrace the convenience, security, and versatility of the Safaricom Lipa na Mpesa Till to propel your business forward and revolutionize your financial management experience.