Digital Payments and Collections

Business Collect Online Solution for Card Collections

What is it?

  • Easy account set-up. Standard web form and support to link on business website is provided.
  • Local debit cards available: Kenswitch branded cards (Giving you access to over 25 local banks).
  • Very secure and no limit of amounts of cash you can receive from your customers.
  • Receive payments 24 hours a day (24/7) from all over Kenya and the rest of the world.
  • Track payments easily using your existing shopping cart software and Stanbic Bank payments dashboard.
  • Manage orders and create printable receipts and orders for better record keeping.
  • No account set-up needed for your customers. All they need is their ATM (Automatic Teller Machine) card or credit card.

 

How does the Business Collect Online work?

  • Customer visits a merchant's website or sent for an invoice.
  • Customer visits a secure link (SSL + HTTPS encrypted) to authenticate transactions originating from the merchant website.
  • Customer fills in a form with card details.
  • Card transaction is verified.
  • A confirmation email is sent to the customer and merchant with payment information.
  • Funds are received to customers account within 72 hours.

 

How to sign up on Business Collect Online?

  • Sign the application form.
  • Provide a copy of the business registration document and identification document of Director.
  • Get access to an online platform and receive training on how to use the service.
  • Start receiving card payments from customers.
  • Money is transferred directly from your till to bank.

Registration and training is FREE!

Business Collect Solution for Mobile

How does the Business Collect Solution work?

  • Select "Paybill" on M-PESA toolkit.
  • Enter business number.
  • Enter reference number as advised by business.
  • Enter amount to pay.
  • Enter Personal Identification Number (PIN).
  • Confirm and press 'Okay'.
  • Receive confirmation SMS

 

How to sign up on Business Collect?

  • Sign the application form.
  • Provide a copy of business registration document and identification document of Director.
  • Get a paybill allocated to you and training on how to use the service.
  • Start receiving payments from customers on your till.
  • As required, place settlement instructions.
  • Money is transferred directly from your till to bank.

Registration, paybill and training is FREE!

Till2Bank (LIPA Na M-PESA) Solution

What does it offer me?

  • Same day settlement of funds to your Stanbic account.
  • Safer and cheaper than handling cash.
  • Fee structure is simple: 1.0% flat fee on all transactions.
  • It's a free service to M-PESA customers making payments through the till.
  • Minimizes sales revenue leakage.
  • Secure - no customer initiated reversals.
  • Easy access to cash - same day settlement.
  • Eliminates the need to look for and keep change.
  • Hassle-free settlement at the click of a button.
  • You can view your balance anytime, anywhere.
  • Intelligent reports about customer behaviour.

 

How does the Business Collect Solution work?

  • Go to M-PESA toolkit and select Lipa Na M-PESA.
  • Select "Buy Goods & Services".
  • Enter till number.
  • Enter amount to pay.
  • Enter PIN (Personal Identification Number).
  • Confirm and press 'Okay'.
  • Receive confirmation SMS by customer and merchant.

 

How to sign up for Till2Bank

  • Sign the application form
  • Provide a copy of business registration document and identification document of Director.
  • Get a till allocated to you and training on how to use the service.
  • Start receiving payments from customers on your till.
  • As required, place settlement instructions.
  • Money is transferred directly from your till to bank.
  • Registration, till and training is FREE!

 


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