In an attempt to fight the insufficient float issue, Safaricom adjusted its MPESA agent commissions that has been plaguing certain elements in the market for long.
As a result, agents with adequate float will end up pocketing more than their peers so long as they have a good customer base.
Here is a complete analysis of the mpesa agent commissions for both deposits and withdrawals.
MPESA agent commissions table: Deposit transactions
|Amount (transaction band)||Mpesa agent Commission in sh.|
Overall, the commissions on deposits range between 12 to 17%.
Safaricom also intended to minimize cases of deposit split, a problem which has been eating into the Telco’s profits as a result of paying undue commissions.
Let’s now look at the new mpesa agent commissions table, this time for withdrawals made by both registered and unregistered users.
MPESA agent commissions: withdrawals
|Withdrawal amount||Registered Users||Unregistered Users|
|101-500||Shs. 8||Shs. 8|
|501-1000||Shs. 10||Shs. 10|
|1,001-1500||Shs. 12||Shs. 12|
|1,501-2500||Shs. 15||Shs. 15|
|2,501-3500||Shs. 20||Shs. 20|
|3,501-5000||Shs. 25||Shs. 25|
|5,001-7500||Shs. 30||Shs. 30|
|7,501-10000||Shs. 35||Shs. 35|
|10,001-15000||Shs. 45||Shs. 45|
|15,001-20000||Shs. 60||Shs. 60|
|20,001-25000||Shs. 65||Shs. 65|
|25,001-30000||Shs. 70||Shs. 70|
|30,001-35000||Shs. 70||Shs. 70|
|35,001-40000||Shs. 100||Shs. N/A|
Safaricom, however, didn’t alter its payment schedule so agents will still receive their earnings at month end.
As always, the secret to boosting your income is to execute as many transactions as possible.
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