Finance Guidelines

Dear Valued Partner,

In an effort to streamline our payment process we would like you to ensure that you have correct bank details and know the payment methods.

Payment Method	Payment Schedule	Payment Cycle	Comment
MPESA	Weekly	Every Wednesday for Previous Week Sales	Applicable < KES 50,000 Sales
MPESA	Monthly	Payments are Made by the 8th Working Day of the Following Month	Applicable < KES 50,000 Sales
EFT	Weekly	Every Wednesday for Previous Week Sales	Same Day for Barclays Bank Account Holders and within 72 hrs for other banks*
EFT	Monthly	Payments are Made by the 8th Working Day of the Following Month	Same Day for Barclays Bank Account Holders and within 72 hrs for other banks*
RTGS	Weekly	Every Wednesday for Previous Week Sales	Same Day for Barclays Bank Account Holders and within 72 hrs for other banks*
RTGS	Monthly	Payments are Made by the 8th Working Day of the Following Month	Same Day for Barclays Bank Account Holders and within 72 hrs for other banks*

The following banks are not allowed: Micro-finance Banks, SBM, Unaitas, Jamii Bora, Bank of Baroda, Transnational Bank, Victoria Commercial Bank, Paramount, Consolidated Bank and Dubai bank.
Please note EFT and MPESA payments are made every Wednesday.
Please note that for EFT Payments will reflect in your bank same day for Barclays Bank account holders and within 48 hrs for other banks.
To be paid via MPESA input your Mobile phone number. Only payment below 50,000 Shillings will be paid via MPESA.
Contact vendor support in case you want to change your payment timelines from weekly to monthly or vice versa
Vendors with incorrect bank details during the payment cycle will only be paid at the end of the month.

NB: Protect your Seller Center password and monitor all your employees who can access it . Be careful when using cyber cafes and other establishments while using your Seller Center account as Jumia will not be held responsible for monies sent to the wrong account/number.