The M-Pesa business till allows business owners to separate their personal M-Pesa accounts from business payments. But the good news is that you can still transfer the funds from the till number to your personal M-PESA account. In such a case, you need to know how to withdraw money from Till Number to your M-Pesa account.
The M-PESA Business till was introduced by Safaricom as an enhancement of the Lipa Na M-PESA option. It allows business owners to collect payments on the till and use the funds collected to make other transactions directly from the till. The M-Pesa till is ideal for a wide range of businesses, including hardware stores, supermarkets, salons, restaurants, and pharmacies.
How to withdraw money from Till Number
Some transactions cannot be performed directly from the till. In such a case, you may need to withdraw money from your M-Pesa till to the nominated number M-PESA account to carry out the transactions. But do you know how to do it? If you are stuck on how to withdraw money from Safaricom till to your number, you should follow the steps below.
- Dial *234# from the nominated number.
- On the menu that pops up, select Option 2 M-Pesa business till.
- You will be prompted to enter your HO/Store number.
- Choose Option 1, "Withdraw Funds," from the list that pops up.
- There are several options to choose from when withdrawing the funds. Choose Option 1 to withdraw the money to your M-Pesa account.
- Enter the amount you wish to withdraw.
- You will be prompted to enter the Operator ID and PIN.
- Reply with 1 to confirm the transaction.
- You will receive a notification SMS that the money has been transferred from the M-Pesa till to your number.
Till number withdrawal charges
If you want to withdraw money from till number via M-Pesa, you must be interested in knowing the transaction cost. So how much does it cost to withdraw money from the M-Pesa till to the nominated M-Pesa number?
You will not be charged anything for collections of Kshs. 200 and below. For any collection above Kshs 200, you will be charged 0.5% up to a max of Kshs 200 for each transaction.
Can you withdraw money from till number online?
All transactions, including withdrawals, are done via the nominated number through the M-Pesa app or by dialing the USSD code *234#. Then, you will be prompted to enter the Operator ID and PIN for all the transactions.
How to change till number name online
The till number name is the name that appears on the customer's phone whenever they make any payments to your till. It is impossible to change your till number name online. If you wish to change your till number name, you are required to visit a Safaricom shop near you with your original ID and request a change of name.
Final word on how to withdraw money from Till Number
There you have it. A comprehensive guide on how to withdraw money from Till Number. The procedure is simple, and you will be able to transfer the money from the till to the nominated number M-Pesa account in no time.
DISCLAIMER: This article is not sponsored by any third party. It is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
Tuko.co.ke published an article on how to reverse money sent to the wrong till number on M-Pesa. Lipa Na M-Pesa till number has made it easy for Safaricom customers to buy goods and make bank deposits using their handsets. If you prefer making mobile money payments to till numbers via M-Pesa, you have probably sent cash to the wrong till number.
Although there is a Hakikisha system, Safaricom customers still send money to the wrong till numbers. If you sent money to the incorrect till number, call Safaricom customer care immediately to have the transaction reversed. Your money will be returned to your Mpesa account within 72 hours if they accept the reversal. Read this post to learn more.
