M-Pesa is the revolutionary cashless system that enables sending and receiving of money. M-pesa has changed the way Kenyans do business. When you send money, you will be charged a fee.
M-Pesa charges depend on the amount you send or withdraw. To buy airtime with M-Pesa, you just need to select it from your menu and then follow the instructions. The airtime purchased will go straight to your phone, it’s free and you only pay for the amount of airtime selected.
The amount of cash you can hold in your M-Pesa account has been increased to KSHs.300,000. In a day within 24hrs, you can transact up to KSHs.300,000 while one transaction amount has been increased to KSHs.150,000.
It’s also good to note that you cannot deposit money to another M-Pesa line direct from the agent. You have to deposit to your line first, then do the transfer to the other M-Pesa user.
However, withdrawals cannot be less than KSHs.50 at any M-PESA agent outlet. M-Pesa transactions are included in the Safaricom loyalty program called Bonga Points.
How Much Does It Cost To Use M-Pesa?
To deposit the M-Pesa agent is free as well as registering a line for M-Pesa. When you buy Safaricom airtime through M-Pesa, it is free as well as checking the balance in your M-Pesa account. You can also change the PIN to your M-Pesa account free of charge.
Here are the charges to send money to other M-PESA users, Pochi La Biashara, and Business Till To customer
| Min(KSHs.) | Max(KSHs.) | M-PESA Charges |
| 1 | 49 | FREE |
| 50 | 100 | FREE |
| 101 | 500 | 6 |
| 501 | 1,000 | 12 |
| 1,001 | 1,500 | 22 |
| 1,501 | 2,500 | 32 |
| 2,501 | 3,500 | 51 |
| 3,501 | 5,000 | 55 |
| 5,001 | 7,500 | 75 |
| 7,501 | 10,000 | 87 |
| 10,001 | 15,000 | 97 |
| 15,001 | 20,000 | 102 |
| 20,001 | 35,000 | 105 |
| 35,001 | 50,000 | 105 |
| 50,001 | 150,000 | 105 |
To send money to other networks or unregistered M-Pesa line is slightly expensive as shown below.
| Min(KSHs.) | Max(KSHs.) | M-PESA Charges |
| 1 | 49 | N/A |
| 50 | 100 | N/A |
| 101 | 500 | 45 |
| 501 | 1,000 | 49 |
| 1,001 | 1,500 | 59 |
| 1,501 | 2,500 | 74 |
| 2,501 | 3,500 | 112 |
| 3,501 | 5,000 | 135 |
| 5,001 | 7,500 | 166 |
| 7,501 | 10,000 | 205 |
| 10,001 | 15,000 | 265 |
| 15,001 | 20,000 | 288 |
| 20,001 | 35,000 | 309 |
| 35,001 | 50,000 | N/A |
| 50,001 | 150,000 | N/A |
To withdraw money from M-Pesa agents, you will have to pay a fee as indicated below
| Min(Kshs) | Max(Kshs) | M-PESA Charges |
| 1 | 49 | N/A |
| 50 | 100 | 10 |
| 101 | 500 | 27 |
| 501 | 1,000 | 28 |
| 1,001 | 1,500 | 28 |
| 1,501 | 2,500 | 28 |
| 2,501 | 3,500 | 50 |
| 3,501 | 5,000 | 67 |
| 5,001 | 7,500 | 84 |
| 7,501 | 10,000 | 112 |
| 10,001 | 15,000 | 162 |
| 15,001 | 20,000 | 180 |
| 20,001 | 35,000 | 191 |
| 35,001 | 50,000 | 270 |
| 50,001 | 150,000 | 300 |
M-Pesa ATM withdrawal charges
You can withdraw money from M-Pesa at the ATM machine. However, this has been capped at Ksh20,000 per day. You can make multiple withdrawals as long as you do not exceed the upper limit of Ksh20,000 per day. The minimum withdrawal at the ATM is Ksh 200 and this will also depend on the machine you are withdrawing from. Some ATM machines do not allow for withdrawal of less than Ksh500.
Here are the withdrawal charges.
| Min(KSHs.) | Max(KSHs.) | M-PESA Charges |
| 200 | 2,500 | 34 |
| 2,501 | 5,000 | 67 |
| 5,001 | 10,000 | 112 |
| 10,001 | 20,000 | 197 |
What Is Transaction Cost Of Mpesa?
The transaction cost of the Mpesa services will depend on the amount of money you want to send or withdraw. It ranges from free for transactions less than Ksh50 to maximum of Ksh105 when sending Ksh50,001 to the maximum amount of Ksh150. On the other hand, withdrawal charges will range from Ksh10 for Ksh50 to a high of Ksh300 for withdraws of up to Ksh150,000.
How Much Can One Send via Mpesa?
You can send a minimum of Ksh1 to a maximum of Ksh150,000 to a registered Mpesa line while you can send a maximum of Ksh35,000 to non-Mpesa users. Sending Ksh100 and less is free on Mpesa to registered and non registered users. Remember when you reverse an M-pesa transaction, the transaction charges are also refunded.
See also:
- Is Fuliza A Loan Or A Credit Facility?
- How To Check Fuliza Limit
- Cooperative Bank Of Kenya Branch Codes
- How Much Do M-pesa Agents Earn?
- How To Get M-pesa Statement
- How To Reverse M-pesa Transaction
- How To Buy Airtel Airtime From M-Pesa
- How To Link PayPal With M-Pesa
- M-Pesa Impact On The Kenyan Society
- M-pesa Paybill Charges
- What Is Fuliza?
Final Thoughts
M-Pesa is convenient and has made it easy to have all included in the financial world. M-Pesa charges are reasonable and affordable compared to the hustle one undergoes trying to send money through a courier. You do not have to worry about your money being lost and the timeline for delivery is instant.
M-Pesa payment system through paybill services also charges affordable fees that have made it possible to change the way we do business.
