Steps to Withdraw Money from Pochi La Biashara Using an M-PESA Agent

Pochi La Biashara is a mobile money service from Safaricom that makes business transactions easy, including withdrawals.

If you want to manage your finances smoothly, it’s important to understand how to withdraw money from Pochi La Biashara.

Pochi La Biashara works like a business account. It mainly targets small business owners with M-PESA accounts who need to receive money or make payments digitally.

Instead of directing money to their M-PESA accounts, it creates a separate account linked to the same line. So, do you know how to withdraw money from Pochi La Biashara?

How to withdraw money from Pochi La Biashara via M-PESA agent

Withdrawing money from your Pochi La Biashara account through an M-PESA agent is easy. Just follow these simple steps:

1. Dial *334# on your phone and follow the prompts.
2. Select “Pochi La Biashara.”
3. Choose “Withdraw Cash.”
4. Enter the Agent Number.
5. Enter the Store Number.
6. Enter the Amount you wish to withdraw.
7. Finally, enter your M-PESA PIN.

Difference between Pochi La Biashara and Till Number

Pochi La Biashara and till numbers are both useful financial tools for businesses, but they have distinct features and uses. Here’s a comparison highlighting their differences:

Registration Process

• Pochi La Biashara: The registration is straightforward and can be done from home. Simply dial *334# from your Safaricom M-PESA registered line, select Pochi La Biashara, and follow the prompts.
• Till Number: Typically requires paperwork and formal registration, which may involve more steps and in-person verification.

Functionality

• Pochi La Biashara: Allows business owners to sell airtime directly through their accounts, earning a 5% commission on the sales value.
• Till Number: Primarily used for receiving payments from customers. It does not offer the option to sell airtime.

Access to Funds

• Pochi La Biashara: Funds in this account are not accessible by Fuliza (Safaricom’s overdraft service), allowing for better protection of business funds and maintaining a clear separation between personal and business finances.
• Till Number: Funds in this account can be accessed by Fuliza, which poses a risk as they can be used to repay loans without the business owner’s consent.

USSD Code

• Pochi La Biashara: Uses the USSD code *334# for transactions and services.
• Till Number: Utilizes the USSD code 2342# for its respective functionalities.

How to withdraw money to your M-PESA account

You can also access your Pochi La Biashara funds by sending money to your M-PESA personal account. Here’s how to do it:

1. Dial the USSD code *334# on your phone.
2. Select “Pochi La Biashara.”
3. Choose “Withdraw Funds.”
4. Select “From Business to Personal Account.”
5. Enter the amount you want to withdraw.
6. Enter your M-PESA PIN to complete the transaction.

After the withdrawal is successful, you will receive a confirmation message. The money will then go to your M-PESA account.

Are there transaction fees for using Pochi La Biashara?

Yes, that’s correct. Pochi La Biashara applies transaction fees when customers transfer money from their M-PESA accounts to a merchant’s Pochi La Biashara account.

These fees are applicable only at the point of transferring payments to the business account.

Importantly, once the business owner has received the funds, there are no additional charges or fees incurred on those funds, making it a straightforward process for managing income from customer payments.

This structure allows business owners to effectively account for their revenue without unexpected deductions after the initial transaction.

Is It Possible to Reverse Money Sent to Pochi La Biashara?

Yes! With Pochi La Biashara, users have the ability to reverse transactions, but it requires the merchant’s approval to complete the reversal process.

This feature can be useful in cases where a mistake was made during a transaction, such as sending the wrong amount or payment to the incorrect account.

The need for merchant approval helps ensure that the process is secure and minimizes the risk of unauthorized reversals.

This flexibility enhances the control that merchants have over their transactions while using Pochi La Biashara.