How to get an M-Pesa paybill number for your Business
Mpesa Paybill is a cash collection service that allows your business to collect money from your customers through M-PESA. If you considering getting a Mpesa pay bill number for your business, know that the process is straightforward. All that is needed is to fulfill a few requirements.
How to get Mpesa Pay Bill number for your business
General requirements:
- Download the terms and conditions document and sign it.
- Also, download the Mpesa pay bill and Merchant USSD application form and fill it accordingly.
- Make sure that you have a signed tariff guide
- A sole proprietorship
- Partnerships
- Limited liability company
- Parastatals
- Non-governmental institutions
Mpesa pay bill number registration for a sole proprietorship
In addition to the conditions mentioned above, for a sole proprietorship to be registered, the owner must present:
- Copy of ID number/ Passport number
- Business registration or certification copy
- A business photo or of any utility name paid in the name of the business to confirm its existence
- Confirmed bank details
Registration requirements for a partnership company
The documents to be presented in addition to the general ones listed above include:
- A copy of partnership/affidavit or deed
- Recent utility bill
- The partnerships KRA PIN or an individual’s KRA PIN
- Copy of identification documents for the person’s opening the account.
- A signed letter from the partners on company letterhead indicating:
- Bank details
- Nominated Safaricom number authorized to make withdrawals
- Authorised dealers
Requirements to register Mpesa pay bill number for an unlimited company
An unlimited liability company pay bill registration further requires the following:
- A stamped copy of the certificate of incorporation
- KRA pin certificate ( for company and Directors)
- Original stamped /or company sealed Board Resolution on company letterhead signed by at least two directors within 30 days stating:
- Authority to open a pay bill account or Transact business on behalf of the company.
- Appointed persons having a signatory authority and provide copies of their identification documents.
- Bank details.
- Nominated Safaricom Number to initiate fund withdrawal of funds on behalf of the company(not mandatory)
- A copy of CR12 –WITH VALIDITY PERIOD OF 30 DAYS/or Annual Returns with filing receipt
- Business Photo/copy of a utility bill to confirm the existence of the Business.
- Copy of Identification Documents of Persons Opening the account, i.e. Copy of the National ID/ Military Service Number (Passport/Alien Certificate for Foreign Nationals).
- Cancelled cheque or letter from Bank confirming Bank details
Requirements to register a Mpesa pay bill number for a Parastatal
As an addition to the requirements presented in the first segment, when registering a parastatal, be sure to meet the criteria below:
- Original Stamped board resolution on company letterhead signed by at least two directors within 14 days stating:
- Authority to open a pay bill account or Transact business on behalf of the company
- Appointed persons having signatory authority d.Copies of their identification documents.
- Bank details.
- Nominated Safaricom Number to initiate fund withdrawal on behalf of the company(not mandatory).
- Copy of Identification Documents used by Signatory Directors, i.e. ID/passport no.
- Cancelled cheque or letter from Bank confirming Bank details
Requirements to register a Mpesa pay bill number for Non-governmental institutions
- Copy of Certificate of Registration
- Signed Letter on letterhead from the NGO Board confirming Registration
and existence including officials. - Original Stamped /or company seal board resolution on NGO letterhead signed by at least two directors(Committee) within 30 days stating:
- Authority to open a pay bill account or Transact business on behalf of the NGO.
- Appointed persons having signatory authority
- Provide copies of their identification documents.
- Bank details.
Key Benefits of getting a pay bill number for your business
- One can do easy reconciliations.
- It is a secure way of receiving payments.
- Pay bill method is very convenient to the customers as they don’t have to have cash on them.
- When compared to other systems of collecting payment, it’s a little cost.
In conclusion, the Mpesa pay bill method has increased in popularity these days, it is, therefore, prudent to try and get one for your business.