Mpesa Charges | Pulselive Kenya

Nonetheless, there are transaction fees concerned, these charges can differ relying on the quantity being transacted and the kind of service getting used, similar to person-to-person transfers, withdrawals, or invoice funds.

Understanding the construction and impression of M-PESA transaction fees is crucial for customers to maximise their monetary sources and make knowledgeable choices about their transactions.

Under is a desk exhibiting the M-PESA transaction fees for 2024 for Transfers, Pochi la Biashara, Until quantity, Pay Invoice & withdrawals.

In addition to cellular to cellular, there’s the choice for ATM withdrawals which has a unique set of fees.

Some companies provided on the platform similar to steadiness inquiry even have their fees most of that are free.

To boost the safety and effectivity of its companies the platform has set clear transaction limits.

The utmost account steadiness a person can maintain at any given time is capped at Sh500,000.

To accommodate vital transactions whereas selling accountable utilization, M-PESA has additionally established a most each day transaction worth of Sh500,000. Nonetheless, customers ought to observe that for a single transaction, the restrict is Sh250,000.

To make withdrawals at M-PESA agent retailers, the service stipulates that transactions can’t be lower than Sh50, guaranteeing that brokers can handle their liquidity.

Moreover, within the case of a transaction mishap, customers can swiftly provoke a self-reversal by sending the transaction affirmation to 456.

M-PESA additionally emphasises that direct deposits into one other buyer’s account have to be transacted digitally, as agent retailers can’t facilitate this.

Safaricom in February 2024 discontinued the sending of cash to different unregistered customers.

Beforehand, it was attainable to ship cash to unregistered customers. They’d then obtain a voucher message that they might use to say their cash at any M-PESA agent inside 7 days.