With the help of the cash collection service PayBill, your company can use MPESA to routinely collect money from consumers or to raise money for a specific cause.
For the various business types, you need to meet these conditions in order to obtain a paybill number:
1. Sole Proprietor Business
- A properly completed and signed application form and the terms and conditions
- Authenticated Tariff Guide
- A copy of the business license or registration
- KRA Pin, either personal or business (Not Mandatory)
- A copy of the person opening the account’s identification documents, such as a passport or an alien certificate for foreign nationals or a copy of their national ID or military service number.
- A copy of a utility bill or business photograph to attest to the business’s presence
- A voided check or a letter from the bank confirming the bank’s information
2. Limited Liability Company
- Application form duly completed and signed, together with the terms and conditions
- Authenticated Tariff Guide
- A certified copy of the incorporation certificate
- Original Board Resolution on company letterhead, stamped or sealed by the company, and signed by at least two directors within 30 days, stating:
- Authorization to open a paybill account or do business on the company’s behalf.
- Appointed signatories who can submit copies of their identification documents.
- KRA pin certificate ( for company and Directors)
- A copy of the CR12 with a 30-day validity period or the annual returns with the filing receipt
- A copy of a utility bill or business photograph to attest to the business’s presence
- A copy of the person opening the account’s identification documents, such as a passport or an alien certificate for foreign nationals or a copy of their national ID or military service number.
- Returned checks or a letter from the bank confirming the bank’s information
After fulfilling the aforementioned prerequisites, you can fill out this form and send it to the enterprise unit at the Safaricom House on Waiyaki Way.
A paybill application takes 2 weeks to process, whereas a short-term paybill application takes 48 hours.
Major Advantages of PayBill Service
- Secure and Convenient
- Instantaneous settlement
- Low price charges
- Easily reconciled
See also:
- Equity Bank Mpesa Paybill Number 247247
- How to Use KCB Paybill Number to Deposit and Withdraw Money
- How To Buy Faiba 4G Using Paybill Number 776611
- How To Borrow Airtime On Telkom Kenya
- How To Check Fuliza Mpesa Limit and Balance
- How To Pay Safaricom Home Fibre Using M-pesa Paybill Number
- How To Opt-Out Of Fuliza
- How To Pay Kenya Power Through M-pesa
- Jua Kali Sector And Access To Information And Communication Technology
- How To Get M-pesa Statement
- Safaricom Bonga Point Phones
- How To Apply For Replacement ID Card in Kenyan
- Post Office Codes In Kenya
- KCB Bank Branch Codes
