Mpesa Agent Agreement Form

State:
Multi-State
Control #:
US-00516-AZ
Format:
Word; 
Rich Text
Instant download

Description

The Mpesa agent agreement form is a legally binding document that establishes a relationship between a business owner and an Mpesa agent, allowing the agent to facilitate mobile money transactions on behalf of the business. Key features include the scope of services to be provided, compensation details, and terms of termination. The form should be filled out with specific details regarding the business, agent, and terms of service. It is recommended that users personalize the agreement to fit their unique business needs and regulatory requirements. The form is particularly useful for attorneys, partners, and legal assistants who facilitate business agreements, ensuring compliance with financial regulations. Owners will find it beneficial as it outlines obligations and rights for both parties involved. Paralegals can utilize this form to streamline the documentation process for their clients, while associates can assist in advising on best practices when entering into such agreements.
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FAQ

MPESA agent commission table: deposit transactions. Applicable Commission in sh. On average, the deposit commissions range between 12-17% across the various transaction bands.

The following are the requirements for appointment as an authorized M2010PESA agent. Prospective agent must be registered as a LIMITED company or equivalent with at least 3 outlets ready to offer M2010PESA under the company names. The company MUST have traded for a minimum period of 6 months.

Agents earn a commission from Safaricom whenever they make deposits or withdrawals for their clients. Even though clients deposit money into their accounts for free, Safaricom still pays commission to Mpesa agents performing this service.

As a sub-dealer, you are required to maintain a minimum M-Pesa float of Ksh. 30,000 on your M-Pesa Till line. You will also be required to avail some documents which include a National Identity card, Certificate of Good Conduct, and Business Name, in order to get the sub-dealer line.

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Mpesa Agent Agreement Form