Convenience is crucial, especially when it comes to managing finances. Pesapal recognizes the needs of business owners and has developed innovative solutions to enable businesses to access their funds faster.
Pesapal enables businesses to effortlessly transfer funds from their account to M-Pesa via Openfloat, providing real-time access to their money whenever needed. This capability simplifies cash flow management and empowers business owners to make swift decisions without the delays that traditional banking might impose.
Before we dive into the transfer process, let's quickly understand what Openfloat is. Openfloat is an e-wallet that allows businesses to withdraw funds from their Pesapal account to their mobile wallet. Openfloat is designed to simplify cash flow management by providing real-time access to your money. With a flat rate of Ksh 40 per transaction, regardless of the amount being transferred, Openfloat is not only convenient but also a financially savvy choice, making it cost-effective for your business.
Step 1: Sign a settlement form authorizing funds to be transferred from Pesapal to Openfloat
Step 2: On Openfloat, go to send money
Step 3: Select make payment
Step 4: Select mode of payment (Mpesa phone number/ Paybill or Till Number)
Step 1: Select the Mpesa number
Step 2: Select the recipient phone number
Step 3: Input the amount
Step 4: Add remarks
Note: A flat rate of Ksh 40 applies
Step 1: Select Paybill number
Step 2: Enter Business name
Step 3: Add account number
Step 4: Add recipient phone number
Step 5: Insert amount
Step 6: Add remarks
Note: Flat rate of Ksh 40 applies
Step 1: Select Till number
Step 2: Enter business name
Step 3: Add recipient phone number
Step 4: Input amount
Step 5: Add remarks
Note: Flat rate of Ksh 40 applies