Mpesa short term paybill: How to open an account to raise funds

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When you are in urgent need of money, it is important to have as many avenues of collecting money from donors as possible. That is why the mpesa short term paybill comes in play.

With the online process, you do not need to download the M-Pesa Paybill application form or drop the duly filled form at any Safaricom shop. You can call for a fundraiser but some people even more willing to help may be preoccupied with other things and fail to attend.

For this reason, it is important to open an M-Pesa paybill account that will enable people to send money to you at your point of need from any part of the country.

Why mpesa short term paybill number

Some of you might be asking why you need an M-Pesa paybill account while people can already send you money through your M-Pesa number. Unfortunately, an M-Pesa account can only hold a maximum of ksh 100,000 so, you will need the paybill account if you anticipate collecting more than that.

Upon application of the short term Paybill account, donors can begin to send their money using the normal Paybill process. The paybill is operational 48 hours a day and can collect a maximum of Ksh 100 million. The amount will be transferred to the bank ones the period of hire has expired.

Mpesa short term paybill

Remember, the short term paybill can be hired for only 1-6 months. These are some of the most regular occasions that may require you to apply for a short term paybill account from Safaricom.

  • Wedding contribution Paybill.
  • Medical
  • Education harambee
  • funeral contribution

All the documents below should be in scanned or simply soft copy format.
You might also like: Best online loans in Kenya via mpesa

Documents required for a wedding mpesa short term paybill number

  • Copies of National IDs for the wedding couples
  • An official letter from the institution officiating the wedding ceremony.
  • A later from the bank
  • A couples letter in case it’s a traditional wedding

Documents required for medical funds paybill number

Note: If you are applying on behalf of a minor, (below 18 years) you should attach the IDs of both the parents or guardians as well as the birth certificate of the minor

  • Certified documents (Hospital admission form)
  • A scanned copy of the ID of the applicant.
  • Letter from the bank

Educational fund – documents required

Note: If you are applying on behalf of a minor or a beneficiary, you are required to attach their birth certificate and ID card respectively.

  • Scanned copy of the ID of the applicant
  • A signed and stamped Institution admission letter.
  • Lastly, a letter from the bank or a canceled cheque

Mpesa short term paybill  for a funeral

  • Copy of the National ID card.
  • Provide a valid copy of the death certificate or burial permit of the deceased.
  • You are also expected to provide a certified copy of the next of kin from the advocate.(optional).

How to apply for lipa na mpesa Short term paybill online

  • Visit the online lipa na Mpesa self-help portal or click here for direct link.
  • Select the type of paybill number you wish to apply. For our case, we choose the short term paybill
  • Under the requirements tab, click on the appropriate function for the mpesa paybill number you wish to apply.
  • Note the documents required and then click on the apply button at the bottom.
  • Fill all the fields marked with the asterisk symbol. Remember to provide correct information to speed up the application.
  • Provide your bank details but first check with your bank to confirm whether or not they are on Real Time Settlement to avoid unnecessary fees.
  • Click on the “Register button and proceed to set up and verify a One Time PIN (OTP).
  • Last but not least, upload the scanned copies of the necessary documentation.
  • Finally, submit your application and wait for a period of 24 hrs for your application to be processed.

Note if you are in a joint group or a steering committee you may wish to nominate a mobile number which will be authorized to access *234*4# service. This number is used to check the balance and accountability purposes.

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Rafaelhttp://Urbankenyans.com
Rafa'el was born and raised in Kakamega, Western Province. He is an Electronics Engineer with a key interest in computer technology, finance, and general lifestyle. He currently lives in Nairobi city and is 6ft tall for no reason. MORE HAPPIER THAN NOT is his passion for Blogging on almost everything.

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