How To Boost Your Commission As An Mpesa Agent
Are you a Mpesa agent looking for ways to increase your Mpesa commission? Let us go through things that you need to know and do in order to boost your commission as a Mpesa agent.
M-Pesa is one of the biggest sources of income for the majority of people in Kenya. M-Pesa agents are among those on whom the mobile money provider relies. Agents are paid a commission based on the number of deals completed on a given day. As an agent, you must understand how to boost the M-Pesa commission.
One of the various options to gain money is to open an M-Pesa shop or to become an M-Pesa agent. All you have to do is obey the provider’s terms and conditions. The benefit of operating an M-Pesa shop as an agent is that it may be effortlessly integrated with your other enterprises.
How much do M-Pesa agents make per transaction?
M-Pesa agents are individuals or businesses who have been authorized by Safaricom to provide M-Pesa services. They operate as go-betweens for M-Pesa customers and Safaricom, allowing them to deposit and withdraw cash, send and receive money, and even purchase airtime.
So, how much do M-Pesa agents get paid for each transaction? In Kenya, M-Pesa agents earn between Ksh. 20,000 and Ksh. 50,000 per month. depending on where you are. Agents are compensated for each transaction deposited, which can range from Ksh. 4 to Ksh. 200. The commission for withdrawals varies depending on whether or not the customer is registered with the network.
How to boost M-Pesa commission
To make more from your M-Pesa business, you must first discover how to get more M-Pesa commission. There are two simple strategies to raise your commission.
1. Find a location with a consistent flow of foot traffic.
Remember that the more transactions you complete, the more money you earn, thus having a convenient location will help your M-Pesa business. Having a favorable site is insufficient. Make certain that your shop is also tastefully furnished, and tidy, and provides exceptional customer service. Customers will be drawn to our shop as a result of this.
2. Purchase a Safaricom M-Pesa line in bulk.
Safaricom implemented aggregated lines to prevent dishonest super-agents from claiming more commission percentages than recommended.
Aggregate lines are available to both new and current agents. This will ensure you receive higher commissions. This implies you can earn 80% of the Safaricom split commissions for yourself and 20% for your main. This is significantly less than the 40% reduction for non-aggregated lines. Another benefit of having an aggregated line is that you will receive direct and timely commission payments on the first or second of each month. You will no longer have to wait for your commissions to be reimbursed by your principal.
How to check your M-Pesa commission
Now that you’ve learned how to boost your M-Pesa commission, it’s only reasonable to want to know how to check and withdraw your M-Pesa commission. Follow these simple steps to determine your commission.
- Go to Safaricom App.
- Click “Show my commission balance.”
- Put your Mpesa pin.
- Wait for the confirmation message showing your commission.
When you’re done checking your commission, now you can withdraw your earnings by following these simple steps:
- Make sure your Mpesa agent has enough float.
- Go to your Safaricom app.
- Click on “Withdraw commissions.”
- Enter the agent’s number.
- Put your Mpesa pin.
- You will receive an automatic message showing your withdrawal.
M-Pesa commission rates 2023
Safaricom changes the M-Pesa commission rates on a regular basis. Safaricom makes the changes at its discretion, and they communicate with its agents on time to avoid confusion.
Deposit commission rates
The following is an updated list of M-Pesa deposit rates:
| Deposit Bands (Ksh) | Agent Commission (Ksh) |
| 50-100 | 4 |
| 101-510 | 8 |
| 511-1,010 | 9 |
| 1,011 – 1,510 | 10 |
| 1,511 – 2,510 | 11 |
| 2,511 – 3,510 | 12 |
| 3,511 – 5,010 | 14 |
| 5,011 – 7,510 | 20 |
| 7,511 – 10,010 | 28 |
| 10,011 – 15,010 | 40 |
| 15,011 – 20,020 | 55 |
| 20,021 – 25,020 | 71 |
| 25,021 – 30,020 | 87 |
| 30,021 – 35,020 | 103 |
| 35,021 – 40,020 | 119 |
| 40,021 – 45,020 | 135 |
| 45,021 – 50,020 | 150 |
| 50,021 – 70,000 | 190 |
| 70,001 – 150,000 | 190 |
Withdrawal commission rates
As an agent, you will be able to earn more money from M-Pesa withdrawals because they have a bigger commission than deposits. The following are the updated M-Pesa withdrawal commission rates for 2023:
| Transaction amount (Ksh) | Commission (Ksh) (For registered customers) | Commission (Ksh) (For unregistered customers) |
| 50 – 100 | 5 | N/A |
| 101 – 500 | 8 | 8 |
| 501 – 1,000 | 10 | 10 |
| 1,001 – 1,500 | 12 | 12 |
| 1,501 – 2,500 | 15 | 15 |
| 2,501 – 3,500 | 20 | 20 |
| 3,501 – 5,000 | 25 | 25 |
| 5,001 – 7,500 | 30 | 30 |
| 7,501 – 10,000 | 35 | 35 |
| 10,001 – 15,000 | 45 | 45 |
| 15,001 – 20,000 | 60 | 60 |
| 20,001 – 25,000 | 65 | 65 |
| 20,001 – 30,000 | 70 | 70 |
| 30,001 – 35,000 | 70 | 70 |
| 35,001 – 40,000 | 100 | N/A |
| 40,001 – 45,000 | 150 | N/A |
| 45,001 – 50,000 | 180 | N/A |
| 50,001 – 150,000 | 200 | N/A |
M-Pesa agents are able to boost their earnings by learning how to increase M-Pesa commissions. All you have to do is follow the simple procedures outlined above to start your M-Pesa side hustle as an agent.
