Mpesa Paybill Transaction Charges for every payment made through its platform, including Paybill transactions. The fees charged depend on the amount being paid and the type of transaction being conducted.
new Mpesa Paybill transaction charges for 2023. The PayBill service is a cash collection service that allows businesses to collect money from customers through MPesa. PayBill numbers have revolutionized the payment of services with ease and timeliness.
Below are the transaction charges you will incur making payment using a Mpesa Paybill as of 2023.
New Mpesa Paybill Transaction Charges 2023
|1 – 49||0|
|50 – 100||0|
|101 – 500||4|
|501 – 1,000||9|
|1,001 – 1,500||14|
|1,501 – 2,500||19|
|2,501 – 3,500||24|
|5,001 – 7,500||40|
|7,501 – 10,000||46|
|10,001 – 15,000||55|
|15,001 – 20,000||60|
|20,001- 25, 000||65|
|30,001 – 35, 000||80|
Also, businesses sending money to customers will be charged Sh5 for payments between Sh100 and Sh1,500, compared to the current Sh15.27 while payments between Sh20,000 and Sh150,000 will now cost Sh12, down from Sh22.4.
The reduction of Paybill charges comes at a time many businesses have switched to using the platform after ditching the Lipa Na M-Pesa Buy-Goods payment option that eats into their incomes.
According to Safaricom, the new tariffs are also applicable to bank charges that were previously zero-rated.
Central Bank of Kenya (CBK) two weeks ago announced the reintroduction of charges for transactions between mobile money wallets and bank accounts after negotiation with lenders and mobile money payment firms.
The CBK waived the charges in March 2020 as part of measures that were put in place by the government to facilitate the use of mobile money to prevent the spread of Covid-19.