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How much are the network and bank fees?
How much are the network and bank fees?

These are the transaction fees that mobile money providers and bank partners charge Beyonic. We do not add to these transaction fees.

Kelsay avatar
Written by Kelsay
Updated over a week ago

While Beyonic charges a monthly subscription, the networks and banks that we work with charge a per-transaction fee. You will see this fee included any time you create a payment or collection from your Beyonic account. Below are the various fees for each network:

Collections - Collecting funds from a customer into your Beyonic account

Below are the collection fees from each mobile money network that we support. Beyonic does not mark up these fees.

Network

Value

Fee

MTN Uganda

Any amount

1.5%

Airtel Uganda

Any amount

1.5%

Safaricom M-PESA Kenya

Any amount

2.0%

Payments - Sending from your Beyonic account to a mobile money wallet

Below are the fees from each mobile money network that we support for outgoing payments. Beyonic does not mark up these fees.

Network

Minimum payment value

Maximum payment value

Fee

MTN Uganda

500 UGX

45,000 UGX

300 UGX

45,001 UGX

125,000 UGX

600 UGX

125,001 UGX

500,000 UGX

1,000 UGX

500,001 UGX

5,000,000 UGX

1,200 UGX

Airtel Uganda

500 UGX

60,000 UGX

300 UGX

60,001 UGX

500,000 UGX

600 UGX

500,001 UGX

5,000,000 UGX

1,000 UGX

Payments - Sending from your Beyonic account to a bank account

Below are the fees for sending money into a bank account from your Beyonic wallet. Beyonic does not mark up these fees.

Banks

Value

Fee

Major Ugandan banks (see full list)

Any amount

5,000 UGX

Cross-border Collections

Country

Partner

Onafriq Fees - Collections

Kenya

Safaricom

2%

Rwanda

MTN

2%

Tanzania

Vodacom

2%

The DRC

Orange and Airtel

2%

Beyonic subscription fee - UGX 20,000/month

Beyonic's monthly subscription fee is always the same, no matter how many much money you pay or collect.

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