What is an Mpesa Paybill/Till Number ?
An Mpesa Paybill is a Service offered by Safaricom in conjunction with Mpesa which enables customers to make payments to businesses. i.e. paying for supermarket bill, Loan Repayment, DSTV repayment e.t.c . The Mpesa Paybill/Till number also enables businesses to collect payments from customers on a consistent basis. It allows businesses to track their business performance through financial statements which can be generated from the Mpesa Paybill account Dashboard.Mpesa paybill Number |
Mpesa , Mpesa Paybill and Till number services is the pinnacle of Technological advancements in the Fin-tech Sector.The Paybill service is used by millions of Kenyans to enable them to pay for good and services offered.In this article we will be discussing the process of Paybill and Till application and how to Operate one.
Whats the difference between Buy goods and Till Number.
An Mpesa paybill number is a Service that allows businesses to collect payments from their customers while a Till number enables clients to pay for goods and services offered efficiently.
How to Request for an Mpesa Till Number?
Both businesses and individuals can request for an Mpesa Till number. However the two have a different set of requirements in order to acquire these accounts.For a business to request for an mpesa till number,
- They should visit Safaricom business portal to Complete the application process.
- Click on Apply now Option.
- Chose the Option, Mpesa Business Till (buy goods and Services till ).
- Depending on the nature of your business,choose if your business is a sole proprietorship, a partnership or a Limited Company.
- On Completion of the above steps, you will receive an SMS notification indicating the Till number and Store Number of the Business through a phone number you will have nominated.
- Download a Lipa na Mpesa Sticker from the Safaricom Business Portal ,use it to write the Till Number and Store Number.
- Dial *234# to activate the Business Till Number.
- Change the pin from the menu that apperars after dialing *234#.
- From this point the till number is ready to start receiving payments.
How to Activate an Mpesa Till Number?
- Dial *234# on your keypad.
- Select the second option on the drop down menu that appears(Mpesa Business till)
- Enter the store number that was sent to you nominated contact.
- Accept the terms and conditions and pres on submit.
- After the above step,an operator id and start key will be sent via SMS on the nominated number.
Requirements to get a Till Number.
Depending on the nature of your Business, i.e Limited Company, Sole proprietorship, partnership & individuals, there are different requirements in order to be eligible for an Mpesa Till Number.
Below are some of the requirements .
Individuals Business
An individual should present a copy of :
- National ID
- Kra Pin
- A cancelled cheque leaf or a letter from the bank showing the bank details of the individual.
Sole Proprietorship
A sole proprietorship is a business name registered by an individual.The required Documents are as follows:
- Individuals ID card.
- Individuals KRA pin.
- Business Registration Certificate.
- A cancelled cheque leaf or a letter from the bank showing confirming validity of the applicants account details i.e Bank account number.
Limited Company (LLC)
For a limited Liability Company, the following are required for Till number Eligibility.
- ID cards for all directors ( Front & Back)
- KRA pins of all the directors of the company.
- A copy of the Company's KRA pin.
- A recent CR12 form with a 90 days validity.
- A copy of the Company's Certificate of Incorporation.
- A receipt containing the directors annual returns.
- A cancelled cheque leaf or a letter from the bank showing confirming validity of the applicants account details i.e Bank account number.
- A fully filled resolution Letter stamped or sealed and signed by all the company's directors.
See also :
How To apply for Safaricom Paybill Number
- Firstly, head to the Safaricom Business Lipa na Mpesa Portal.
- Download the Paybill Application form provided on the Portal.
- Fill out the form and agree to the terms and conditions.
- Sign the form and attach copies of the Stated requirements above.
- Visit your nearest Safaricom Shop and drop the documents.
- Wait for processing and approval of your Paybill application.
For Business & Company Registration Services Reach out to us for professional assistance Via e-mail on diamondcitadelkenya@gmail.com or talk to us on WhatsApp.
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