Lipa na mpesa is a payment service offered by Safaricom mpesa which allows users pay for goods and services safely and conveniently without having to withdraw money first then pay using cash.
Lipa na mpesa also allows traders collect money for goods sold or services offered. The service allows payments from Ksh.10 up to a maximum Ksh.70,000 per transaction with a small service fee. There is an option where customers can check the transaction charges before making payments, but first let's look at the various reasons that make mpesa users and traders prefer Lipa na mpesa.
Uses of Lipa na mpesa
- Deposit money to a bank account.
- Pay rent
- Pay school fees
- Send money to international money platforms like PayPal
- Make statutory payments like HNIF,NSSF KRA
- Top up Airtel and Telkom Kenya airtime.
- Deposit money to gambling accounts like sportpesa
- Pay hospital bills
- Pay bills like electricity, water
- Buy goods and services.
Advantages of lipa na mpesa.
Lipa na mpesa is now a widely accepted and preferred form of payment in the country, since it has several advantages both to the person making payments(customer) and the trader.
ALSO READ:Safaricom Shukurani Kochokocho Promotion.
Advatages of Lipa na mpesa to the mpesa users:ALSO READ:Safaricom Shukurani Kochokocho Promotion.
- It allows you pay for goods directly from your phone. There is no need of first withdrawing the money in order to make payments.
- Lipa na mpesa is safe and secure. There is no risk of loosing money or robbery.
As a trader:
- It greatly lowers the risk of robbery since it reduces the amount of cash on the premises. You trade knowing your money is safe with Mpesa.
- It greatly reduces the paper work and gives you time to concentrate on your business.
- It lowers the risk of fake currency
If you are a business person and don't have Lipa na mpesa, then you can easily get one by following the steps below:
Lipa na mpesa accepts a lot is businesses and institutions including Sole proprietors, Partnership, schools, churches, religious institutions N.G.Os, Parastatals and government institutions.
The requirements of each differ,and won't cover all in this post.
Below are the requirements for a sole proprietor to apply for Lipa na mpesa till number.
First visit any Safaricom shop near you and get the application form, then returned the fully filled form with the following documents:
- Copy of business registration or permit.
- Copy of Id.
- Bank details
- A copy of your business premises photo. This is to confirm that the business actually exists.
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