A bank account used by a company or an enterprise is known as a commercial account It is typically a checking or other form of demand deposit account, which means that the users can withdraw the funds according to their requirements. Easy Paisa is a mobile wallet used in Pakistan that is used for making payments and gives the people all the services that are provided in the bank branch. In this article we are going to discuss about the details of an Easy Paisa Commercial Account its benefits and how to create one.
History of Easy Paisa
Telenor Pakistan is the co-founded Easypaisa with Tameer Bank, which was later known as Telenor Microfinance Bank. Easypaisa began operations in 2009 as a simple money transfer platform. However, with the advancement of technology in Pakistan, it has developed and has become one of the popular mobile banking apps among the people in Pakistan.
Easypaisa is Pakistan’s first branch-free banking facility. Users can conveniently transfer money, pay bills, and do other things with the Easypaisa app on their mobile devices. This service has made life easier for the less privileged Pakistani common people. Money transfer and online bill payments have become much easier with the help of the Easypaisa digital wallet. Easypaisa has made it much easier to send funds to friends and families who do not have access to banking facilities. Easypaisa, which has the biggest customer base in the region, is facilitating individuals to embrace a digital lifestyle.
What is Easy Paisa Commercial Account?
Easy Paisa commercial account is an account that is used by small businesses or services, these account gives the merchant the ease to receive money from their customers directly in their bank account. In Easy Paisa Commercial Account the merchant or the retailer would receive a QR code or a Till ID number with the help of which a customer can pay the merchant.
The sending and receiving limit of the Easy Paisa Commercial Account is higher as compared to the Personal account. This account provides the merchant with the details of every transaction that is required to keep a track of the business and helps in the growth of their business.
How to create an Easy Paisa Commercial Account?
Below we will discuss two ways through which you will be able to create an Easy Paisa Account.
For People who are using Telenor Sim:
- Dial *786# from your cellphone’s dial pad.
- Following that, you will be prompted to create a 5 digit PIN.
- You must now re-enter the PIN you created.
- Your Easypaisa account has been created.
- To use all of the facilities, dial *786# or go to any Easypaisa retailer or Telenor franchise in the region.
For People who are not using Telenor Sim:
- Launch the Messages app on your mobile device.
- Then send the message to 0345-1113737 by typing EP space> CNIC number.
- The Easypaisa spokesperson will contact you and proceed with the verification process.
- Once verified, you must create a 5-digit PIN.
- Now enter PIN <Space>.
- 5 digit PINSpace>confirm 5 digit PIN and send this number 0345-1113737
- Once the account is created you will receive a confirming message.
- Users can utilize all of Easypaisa’s services through this SMS service or they can visit Easypaisa retail locations.
Now that we have learned to create an account in the Easypaisa now let’s create a commercial account, for that you can follow the steps below.
1. Open the Easypaisa app, click on the sidebar and you will find an option that says “Become an Easypaisa Merchant”.
2. Click on Become an Easypaisa Merchant; it will take you to a new window.
3. Now in the new window it will show you the benefits of becoming an Easypaisa Merchant now click on the green button that says “Accept and Continue”.
4. Fill in all the required details and upload both side photos of a CNIC.
5. Now you will get a confirmation that your Easypaisa Merchant account or Easypaisa Commercial account has been successfully created. Once you click continue you will receive EasyPaise QR Code and Till ID.
Benefits of Easy Paisa Commercial Account
Once the account has been created you can send and receive money online, the customer will pay you digitally with the help of your QR code or Till ID number. Apart from these, there are several other benefits of an Easy Paisa Commercial Account such as:
- Customer can easily make payments with the help of the QR code or Till ID number.
- Easypaisa offers a simple business facility for collaborating.
- Easypaisa ATM card is provided for easy cash withdrawal from any ATM.
- Payment is safe and simple.
- The account is created in a matter of minutes.
- The Easy Paisa commercial account limit for both sending and receiving has been increased.
Conclusion
As we have discussed all the details regarding Easy Paisa Commercial Account; we hope that this article will prove to be a helpful guide that will provide you with all the details regarding the Easy Paisa Commercial Account. There is no hard and fast rule to creating a Commercial Account all you need to have is your CNIC ID proof and some basic details and the account will be created in minutes.
FAQs Related to Easy Paisa Commercial Account
1. How do I obtain my username?
Answer: You can make a call to “345545” to obtain a username.
2. What is the PIN for my USSD?
Answer: Your Mobile Account PIN is your USSD PIN (MPIN).
3. What if I didn’t get the OTP?
Answer: If you do not get the OTP, you can resend it by tapping the “Resend OTP” button.
4. How long will the OTP be valid?
Answer: The OTP will be legitimate for 15 minutes after it is generated.
