How Much Do MPesa Agents Earn?


How much do MPesa agents earn?

With the new tariffs, the lowest an agent earns on deposits between sh. 50 to 100 is 4 shillings. The highest commission is sh 190 for deposits of sh. 50,000 to 70,000.

How much does an MPesa agent line cost?

Requirements For Becoming An M-Pesa Agent

Through my own observation, the dealers charge Sh. 15,000 before a Till line is issued to you. A minimum float of Sh. 30,00 is required to maintain the M-Pesa Till line.

Is MPesa agent profitable?

MPesa business is one of the most profitable small capital businesses in Kenya. In a good month, you can make as much as Ksh 50,000 depending on location and traffic flow. … Being an M-Pesa agent is indeed a good business choice.

How much money do I need to start an mpesa?

Step 1: What You Need to Get Started

A minimum investment for an MPESA outlet is Ksh. 100,000 float. You’ll need to provide Safaricom with business permits for each of the MPESA outlets, VAT & tax certificates, ID’s, banking license from a reputable financial institution and police clearance certificates.

How much can mpesa hold?

Maximum Account Balance is KSHs. 300,000. Maximum Daily Transaction Value is KSHs. 300,000.

What is sub agent commission?

A subagent is a real estate agent or broker who brings in the buyer to purchase a property, but he is not the property’s listing agent. The subagent usually earns a portion of the commission. Subagents are rare today because of the popularity of buyer’s agents and due to liability concerns.

Is a dual agent a good idea?

The bottom line is that dual agency is certainly a good thing for the agent but is typically a negative scenario for both the buyer and seller, as neither party is getting fair representation. This is an especially negative arrangement for inexperienced buyers and sellers who really need professional guidance.

What is the difference between an agent and a sub agent?

Control: A sub-agent is the agent of the original agent as he works under the control of the agent whereas, a substituted agent is the agent of the principal because he works under the control of the principal.

How can I get mpesa float?


  1. Dial *247# or go to your Equitel SIM menu and select Buy M-PESA Float.
  2. Enter your Agent Number.
  3. Enter Amount of Float you wish to Purchase.
  4. Enter your mobile Banking PIN.

How do I unblock mpesa agent?

You can unblock your card by using any of the following channels: Dial *234# and reply with 1 for M-PESA Products. Select Option 4 from the Menu for M-PESA Card and pick Unblock from the options given. Contact customer care through calls (dial 100, 200 or 234), SMS or through our social media accounts.

How do you OKOA mpesa float?

Okoa Float enables you to access M-pesa Float anywhere at anytime! Simply dial *898#.

Who really invented mpesa?

Susie Lonie and Nick Hughes are the people responsible for Kenya’s M-Pesa mobile money transfer system.

Why is dual agency bad?

The main reason so many legal issues surround dual agency is because your real estate agent is supposed to look out for your best interest. A dual agent can’t do that because they represent both the buyer and seller of the same home.


Can a selling agent disclose offers?

Legally, agents in NSW are allowed to disclose current offers to any other potential buyers. Agents are required to inform the seller of all offers made to purchase the property, but there is no law to prohibit the disclosure of offers to potential buyers.

Can agent represent two buyers?

Legally speaking, a dual agent is a real estate broker, or agents working for the same broker, who act on behalf of both the seller and the buyer in a transaction. A broker is permitted to act as a dual agent in California only if the buyer and seller are both aware of and consent to the dual agency.

Who can appoint a sub agent?

191- A “Sub-agent” is a person employed by, and acting under the control of, the original agent in the business of the agency. Thus Sub Agent is appointed by original agent and works under control of original agent. In following exceptional circumstance the sub agent can be appointed by original Agent.

What is substitute agent?

A Substituted agent is a person who is named by the Agent for performing such part of the business of the agency as is entrusted to him. 2. Sub-Agent works under the control of the Agent. He is the agent of the Principle. Substituted Agent works under the control of the Principle and he is an agent of the agent.

Can a seller reject Subagency?

Does a seller have the option to reject subagency when signing the listing agreement? No, sellers must accept subagency.

Can Mpesa hold 1million?

50) and a maximum amount of Kenya Shillings one million (Kshs. 1,000,000) or such other minimum or maximum amount as the Bank may from time to time in its sole discretion determine.

How does Mpesa make profit?

M-Pesa creates economic value for Safaricom in two primary ways: Revenue from transaction fees that Safaricom collects via the agent during cash withdrawal operations and transfer operations (depositing money into mobile wallet is free). Reduce Safaricom customers’ churn, improve engagement, lifetime value etc.

What business can I start with 20k in Kenya?

List of Businesses to Start with 20k

  • Selling second hand (Mtumba) Clothes. Many young people have resolved to sell this kind of clothes. …
  • Printing and Photocopying. …
  • Poultry farming. …
  • Selling Baby Diapers. …
  • Operating a Daycare/ school. …
  • Start a Car Wash. …
  • Start a Movie shop. …
  • Operating a Coffee Shop.

Which is the best business to start in Kenya?

List of the best businesses to start with 200k in Kenya

  1. Cyber café A cyber café is the best business to start in Kenya with 200k. …
  2. Laundry service business. …
  3. Selling clothes. …
  4. Farming. …
  5. Cake baking business. …
  6. Grocery store. …
  7. Mobile money transfer. …
  8. Wines and spirits.