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Banks that will be extinct in a few years
Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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murchr wrote:VituVingiSana wrote:murchr wrote:VituVingiSana wrote:[quote=murchr]Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! It showed up on my bank statement not safaricom bill. I called the bank and asked about the charges. They said these were USSD charges. Perhaps they added a premium per message/USSD enquiry? Then I just stopped using the service. End of story. And that's why I appreciate that Equitel clearly said there will be no USSD charges. http://www.financialtech...oney-transfer-services/[/quote] Your banker simply lied . OK. "Banks that will be extinct in a few years" Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Lets see how the cookie crumbles when Barclay's exits this "dark" continent. From the grapevines I understand the local banks have been on a talent poaching spree and some of these execs have been moving with their high net-worth accounts "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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PKoli wrote:VituVingiSana wrote:Sir invest wrote:I have the same testimony. I am in one chama where we lend at 10% per month. The dividends per annum is 60%. i don't regret joining. I need to join the chama! At 60% dividends, who needs to invest on the NSE? Question: Is this a legit chama & not one of those pyramid schemes? Which chama, please share. Does that Chama only lend to members or non members? Why would take a loan at 10% PM when you can get much cheaper elsewhere? Yes, the only lend to members, if you happen to borrow more than your shares,you must have gurantors. A person who has no fixed source of income cannot qualify to get a loan from the formal sector thus whiy the table banking are thriving. It's a crime to be poor! If Obiero did it, Who Am I?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Swenani wrote:PKoli wrote:VituVingiSana wrote:Sir invest wrote:I have the same testimony. I am in one chama where we lend at 10% per month. The dividends per annum is 60%. i don't regret joining. I need to join the chama! At 60% dividends, who needs to invest on the NSE? Question: Is this a legit chama & not one of those pyramid schemes? Which chama, please share. Does that Chama only lend to members or non members? Why would take a loan at 10% PM when you can get much cheaper elsewhere? Yes, the only lend to members, if you happen to borrow more than your shares,you must have gurantors. A person who has no fixed source of income cannot qualify to get a loan from the formal sector thus whiy the table banking are thriving. It's a crime to be poor! Also am in one...10% PM ka hutaki go get a bank loan.... possunt quia posse videntur
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Rank: Member Joined: 8/19/2015 Posts: 124
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This applies to Chamas in the villages(counties far from Nairobi) where people are skeptical about bank loans. Don't try this here in Nairobi can flop coz of high level of defaulting unlike in mashinani where pple are disciplined.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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VituVingiSana wrote:murchr wrote:VituVingiSana wrote:murchr wrote:VituVingiSana wrote:[quote=murchr]Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! It showed up on my bank statement not safaricom bill. I called the bank and asked about the charges. They said these were USSD charges. Perhaps they added a premium per message/USSD enquiry? Then I just stopped using the service. End of story. And that's why I appreciate that Equitel clearly said there will be no USSD charges. http://www.financialtech...oney-transfer-services/[/quote] Your banker simply lied . OK. "Banks that will be extinct in a few years" By the way coop customers beware that the bank debits you 39.50/- every time you deposit money by mpesa paybill to your account learnt that today when closing an account, also every time you use the ussd and the pin is accepted you are debited 35/- for that secession note this is debited from your account, safaricom will charge you separately. To Each His Own
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Sir invest wrote:This applies to Chamas in the villages(counties far from Nairobi) where people are skeptical about bank loans. Don't try this here in Nairobi can flop coz of high level of defaulting unlike in mashinani where pple are disciplined. You're mistaken, some of these kileleswa middle class kenyans are so overburden with debts to the extent that they are borrowing expensive debt to pay cheaper debt If Obiero did it, Who Am I?
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Rank: Member Joined: 9/2/2010 Posts: 845
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murchr wrote:Lets see how the cookie crumbles when Barclay's exits this "dark" continent. From the grapevines I understand the local banks have been on a talent poaching spree and some of these execs have been moving with their high net-worth accounts Do large accounts usually move that easily? They're notorious for having 5 or 6 bankers in order to spread their risks. All they'll do is open a new account but not close their old ones. Also for the multinationals, the relationship is at a global level so their Kenyan account has little flexibility. All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Swenani wrote:Sir invest wrote:This applies to Chamas in the villages(counties far from Nairobi) where people are skeptical about bank loans. Don't try this here in Nairobi can flop coz of high level of defaulting unlike in mashinani where pple are disciplined. You're mistaken, some of these kileleswa middle class kenyans are so overburden with debts to the extent that they are borrowing expensive debt to pay cheaper debt @Swenani I highly doubt you understood @Sir invest. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 8/10/2014 Posts: 954 Location: Kenya
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murchr wrote:VituVingiSana wrote:murchr wrote:VituVingiSana wrote:[quote=murchr]Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! It showed up on my bank statement not safaricom bill. I called the bank and asked about the charges. They said these were USSD charges. Perhaps they added a premium per message/USSD enquiry? Then I just stopped using the service. End of story. And that's why I appreciate that Equitel clearly said there will be no USSD charges. http://www.financialtech...oney-transfer-services/[/quote] Your banker simply lied . When has safaricom ever given any service for free? I also heard James Mwangi complain many times about telecom charges on USSD and they absorb the cost
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Rank: Veteran Joined: 12/8/2009 Posts: 972 Location: Nairobi
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murchr wrote:VituVingiSana wrote:murchr wrote:Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! Safaricom does charge for USSD. If you are on KCB Mobile banking try access *522# on your phone when it has no airtime. You will be prompted to top up first. You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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XSK wrote:murchr wrote:VituVingiSana wrote:murchr wrote:Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! Safaricom does charge for USSD. If you are on KCB Mobile banking try access *522# on your phone when it has no airtime. You will be prompted to top up first. I guess English is hard to comprehend. I said, "Safaricom does not charge 100/- for a USSD txt" @innairobi, Banks make more money from lending As for co-op, yes they are thieves, they charged me for closing one account although I was moving the money to another account in their bank for more convenience. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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murchr wrote:XSK wrote:murchr wrote:VituVingiSana wrote:murchr wrote:Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! Safaricom does charge for USSD. If you are on KCB Mobile banking try access *522# on your phone when it has no airtime. You will be prompted to top up first. I guess English is hard to comprehend. I said, "Safaricom does not charge 100/- for a USSD txt" @innairobi, Banks make more money from lending As for co-op, yes they are thieves, they charged me for closing one account although I was moving the money to another account in their bank for more convenience.  Someone is just trying to split hairs. Yawn.  "SafariCon doesn't charge 100/- for a USSD txt" 1) USSD sessions are not 'texts' if one wants to split hairs. 2) Perhaps, within a transaction one may use multiple sessions OR in a 'sitting' one may transact multiple times [check balance, transfer funds, pay bill, upload airtime] or if the USSD session expires or disconnects thus multiple sessions are used. 3)  As @XKS @kayhara & @watesh have attested to. There is no free lunch with Safaricom and USSD via the banks. Whether Safaricom bills us or the bank bills us for using Safaricom USSD... We end up paying. *Please fill up at KenolKobil. Thank You. Come Again* Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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VituVingiSana wrote:murchr wrote:XSK wrote:murchr wrote:VituVingiSana wrote:murchr wrote:Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! Safaricom does charge for USSD. If you are on KCB Mobile banking try access *522# on your phone when it has no airtime. You will be prompted to top up first. I guess English is hard to comprehend. I said, "Safaricom does not charge 100/- for a USSD txt" @innairobi, Banks make more money from lending As for co-op, yes they are thieves, they charged me for closing one account although I was moving the money to another account in their bank for more convenience. Someone is just trying to split hairs. Yawn. "SafariCon doesn't charge 100/- for a USSD txt" 1) USSD sessions are not 'texts' if one wants to split hairs. 2) Perhaps, within a transaction one may use multiple sessions OR in a 'sitting' one may transact multiple times [check balance, transfer funds, pay bill, upload airtime] or if the USSD session expires or disconnects thus multiple sessions are used. 3) As @XKS @kayhara & @watesh have attested to. There is no free lunch with Safaricom and USSD via the banks. Whether Safaricom bills us or the bank bills us for using Safaricom USSD... We end up paying. *Please fill up at KenolKobil. Thank You. Come Again* Me: Google what is USSD? Google: USSD (Unstructured Supplementary Service Data) is a Global System for Mobile(GSM) communication technology that is used to send text between a mobile phone and an application program in the network. USSD messages are up to 182 alphanumeric characters in length. USSD is generally associated with real-time or instant messaging services. USSD messages create a real-time connection during a USSD session. USSD is commonly used by prepaid GSM cellular phones to query the available balance. ***In laymans lingo VVS you get one message per session it does not sum up instances then sends you a bill.*** ***Technically, you send a query from your phone to a database, then you get a response back (USSD TXT) which you get charged for. The relationship is a one-to-one Hakuna maneno ingine mingi of bla bla bla other charges...the other charges belong to your bank. PS. I did not anywhere say that Safaricom gives the service for free, heck why should they? As for Equitel, they may not charge the user the money but I am very certain, its covered. Just FYI - TXT is not equal to SMS(am sure you know this and it ain't important anyway) On Kenol the stock....it continues to be my mistake of 2015. Am currently filling gas at less than $2 no envy of Kenol customers at this moment...Thanks but no thanks "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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murchr wrote:XSK wrote:murchr wrote:VituVingiSana wrote:murchr wrote:Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! Safaricom does charge for USSD. If you are on KCB Mobile banking try access *522# on your phone when it has no airtime. You will be prompted to top up first. I guess English is hard to comprehend. I said, "Safaricom does not charge 100/- for a USSD txt" @innairobi, Banks make more money from lending As for co-op, yes they are thieves, they charged me for closing one account although I was moving the money to another account in their bank for more convenience. @Murchr  I remember telling this that they'll charge you but you said 'watakutambua wewe ni baba lao' So finally they Milked you! Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Boris Boyka wrote:murchr wrote:XSK wrote:murchr wrote:VituVingiSana wrote:murchr wrote:Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! Safaricom does charge for USSD. If you are on KCB Mobile banking try access *522# on your phone when it has no airtime. You will be prompted to top up first. I guess English is hard to comprehend. I said, "Safaricom does not charge 100/- for a USSD txt" @innairobi, Banks make more money from lending As for co-op, yes they are thieves, they charged me for closing one account although I was moving the money to another account in their bank for more convenience. @Murchr I remember telling this that they'll charge you but you said 'watakutambua wewe ni baba lao' So finally they Milked you! Yes they did, apart from that, the customer service was horrible. Actually customer service alone can make me open an account with these colonial banks but there's no incentive to anyway. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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murchr wrote:VituVingiSana wrote:murchr wrote:XSK wrote:murchr wrote:VituVingiSana wrote:murchr wrote:Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! Safaricom does charge for USSD. If you are on KCB Mobile banking try access *522# on your phone when it has no airtime. You will be prompted to top up first. I guess English is hard to comprehend. I said, "Safaricom does not charge 100/- for a USSD txt" @innairobi, Banks make more money from lending As for co-op, yes they are thieves, they charged me for closing one account although I was moving the money to another account in their bank for more convenience. Someone is just trying to split hairs. Yawn. "SafariCon doesn't charge 100/- for a USSD txt" 1) USSD sessions are not 'texts' if one wants to split hairs. 2) Perhaps, within a transaction one may use multiple sessions OR in a 'sitting' one may transact multiple times [check balance, transfer funds, pay bill, upload airtime] or if the USSD session expires or disconnects thus multiple sessions are used. 3) As @XKS @kayhara & @watesh have attested to. There is no free lunch with Safaricom and USSD via the banks. Whether Safaricom bills us or the bank bills us for using Safaricom USSD... We end up paying. *Please fill up at KenolKobil. Thank You. Come Again* Me: Google what is USSD? Google: USSD (Unstructured Supplementary Service Data) is a Global System for Mobile(GSM) communication technology that is used to send text between a mobile phone and an application program in the network. USSD messages are up to 182 alphanumeric characters in length. USSD is generally associated with real-time or instant messaging services. USSD messages create a real-time connection during a USSD session. USSD is commonly used by prepaid GSM cellular phones to query the available balance. ***In laymans lingo VVS you get one message per session it does not sum up instances then sends you a bill.*** ***Technically, you send a query from your phone to a database, then you get a response back (USSD TXT) which you get charged for. The relationship is a one-to-one Hakuna maneno ingine mingi of bla bla bla other charges...the other charges belong to your bank. PS. I did not anywhere say that Safaricom gives the service for free, heck why should they? As for Equitel, they may not charge the user the money but I am very certain, its covered. Just FYI - TXT is not equal to SMS(am sure you know this and it ain't important anyway) On Kenol the stock....it continues to be my mistake of 2015. Am currently filling gas at less than $2 no envy of Kenol customers at this moment...Thanks but no thanks $2/litre? Pole sana. KK charges $0.88 per litre in Kenya and that includes crazy taxes. *Fill up at KenolKobil. Thank You. Come Again.* Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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VituVingiSana wrote:murchr wrote:VituVingiSana wrote:murchr wrote:XSK wrote:murchr wrote:VituVingiSana wrote:murchr wrote:Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! Safaricom does charge for USSD. If you are on KCB Mobile banking try access *522# on your phone when it has no airtime. You will be prompted to top up first. I guess English is hard to comprehend. I said, "Safaricom does not charge 100/- for a USSD txt" @innairobi, Banks make more money from lending As for co-op, yes they are thieves, they charged me for closing one account although I was moving the money to another account in their bank for more convenience. Someone is just trying to split hairs. Yawn. "SafariCon doesn't charge 100/- for a USSD txt" 1) USSD sessions are not 'texts' if one wants to split hairs. 2) Perhaps, within a transaction one may use multiple sessions OR in a 'sitting' one may transact multiple times [check balance, transfer funds, pay bill, upload airtime] or if the USSD session expires or disconnects thus multiple sessions are used. 3) As @XKS @kayhara & @watesh have attested to. There is no free lunch with Safaricom and USSD via the banks. Whether Safaricom bills us or the bank bills us for using Safaricom USSD... We end up paying. *Please fill up at KenolKobil. Thank You. Come Again* Me: Google what is USSD? Google: USSD (Unstructured Supplementary Service Data) is a Global System for Mobile(GSM) communication technology that is used to send text between a mobile phone and an application program in the network. USSD messages are up to 182 alphanumeric characters in length. USSD is generally associated with real-time or instant messaging services. USSD messages create a real-time connection during a USSD session. USSD is commonly used by prepaid GSM cellular phones to query the available balance. ***In laymans lingo VVS you get one message per session it does not sum up instances then sends you a bill.*** ***Technically, you send a query from your phone to a database, then you get a response back (USSD TXT) which you get charged for. The relationship is a one-to-one Hakuna maneno ingine mingi of bla bla bla other charges...the other charges belong to your bank. PS. I did not anywhere say that Safaricom gives the service for free, heck why should they? As for Equitel, they may not charge the user the money but I am very certain, its covered. Just FYI - TXT is not equal to SMS(am sure you know this and it ain't important anyway) On Kenol the stock....it continues to be my mistake of 2015. Am currently filling gas at less than $2 no envy of Kenol customers at this moment...Thanks but no thanks $2/litre? Pole sana. KK charges $0.88 per litre in Kenya and that includes crazy taxes. *Fill up at KenolKobil. Thank You. Come Again.* Murchir I guess you meant 2 dollars a gallon which is equivalent to roughly 3 litres. So to do math to our fellow you are paying roughly 58 shillings a litre which should be cheaper than kk.
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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VituVingiSana wrote:murchr wrote:VituVingiSana wrote:murchr wrote:XSK wrote:murchr wrote:VituVingiSana wrote:murchr wrote:Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! Safaricom does charge for USSD. If you are on KCB Mobile banking try access *522# on your phone when it has no airtime. You will be prompted to top up first. I guess English is hard to comprehend. I said, "Safaricom does not charge 100/- for a USSD txt" @innairobi, Banks make more money from lending As for co-op, yes they are thieves, they charged me for closing one account although I was moving the money to another account in their bank for more convenience. Someone is just trying to split hairs. Yawn. "SafariCon doesn't charge 100/- for a USSD txt" 1) USSD sessions are not 'texts' if one wants to split hairs. 2) Perhaps, within a transaction one may use multiple sessions OR in a 'sitting' one may transact multiple times [check balance, transfer funds, pay bill, upload airtime] or if the USSD session expires or disconnects thus multiple sessions are used. 3) As @XKS @kayhara & @watesh have attested to. There is no free lunch with Safaricom and USSD via the banks. Whether Safaricom bills us or the bank bills us for using Safaricom USSD... We end up paying. *Please fill up at KenolKobil. Thank You. Come Again* Me: Google what is USSD? Google: USSD (Unstructured Supplementary Service Data) is a Global System for Mobile(GSM) communication technology that is used to send text between a mobile phone and an application program in the network. USSD messages are up to 182 alphanumeric characters in length. USSD is generally associated with real-time or instant messaging services. USSD messages create a real-time connection during a USSD session. USSD is commonly used by prepaid GSM cellular phones to query the available balance. ***In laymans lingo VVS you get one message per session it does not sum up instances then sends you a bill.*** ***Technically, you send a query from your phone to a database, then you get a response back (USSD TXT) which you get charged for. The relationship is a one-to-one Hakuna maneno ingine mingi of bla bla bla other charges...the other charges belong to your bank. PS. I did not anywhere say that Safaricom gives the service for free, heck why should they? As for Equitel, they may not charge the user the money but I am very certain, its covered. Just FYI - TXT is not equal to SMS(am sure you know this and it ain't important anyway) On Kenol the stock....it continues to be my mistake of 2015. Am currently filling gas at less than $2 no envy of Kenol customers at this moment...Thanks but no thanks $2/litre? Pole sana. KK charges $0.88 per litre in Kenya and that includes crazy taxes. *Fill up at KenolKobil. Thank You. Come Again.* Sorre sir! here we fill in Gallons which means i get 3.79 liters for precisely $1.49 taxes inclusive that is about 0.39 a liter? ...something like that...again..no thanks = "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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murchr wrote:VituVingiSana wrote:murchr wrote:VituVingiSana wrote:murchr wrote:XSK wrote:murchr wrote:VituVingiSana wrote:murchr wrote:Safaricom does not charge 100/- for a USSD txt. For heaven sake all the local banks are connected to safcom too, why don't they charge 100/-.? It was a number of charges at 7/- a session [I was debited in 7 or multiples of 7]. I have no idea how the sessions were calculated but it was roughly 100/- by the time I was done. I never used the service again. James Mwangi said Equitel will not charge per USSD session during one of his presentations. All charges by Safaricom? Not true! Safaricom does charge for USSD. If you are on KCB Mobile banking try access *522# on your phone when it has no airtime. You will be prompted to top up first. I guess English is hard to comprehend. I said, "Safaricom does not charge 100/- for a USSD txt" @innairobi, Banks make more money from lending As for co-op, yes they are thieves, they charged me for closing one account although I was moving the money to another account in their bank for more convenience. Someone is just trying to split hairs. Yawn. "SafariCon doesn't charge 100/- for a USSD txt" 1) USSD sessions are not 'texts' if one wants to split hairs. 2) Perhaps, within a transaction one may use multiple sessions OR in a 'sitting' one may transact multiple times [check balance, transfer funds, pay bill, upload airtime] or if the USSD session expires or disconnects thus multiple sessions are used. 3) As @XKS @kayhara & @watesh have attested to. There is no free lunch with Safaricom and USSD via the banks. Whether Safaricom bills us or the bank bills us for using Safaricom USSD... We end up paying. *Please fill up at KenolKobil. Thank You. Come Again* Me: Google what is USSD? Google: USSD (Unstructured Supplementary Service Data) is a Global System for Mobile(GSM) communication technology that is used to send text between a mobile phone and an application program in the network. USSD messages are up to 182 alphanumeric characters in length. USSD is generally associated with real-time or instant messaging services. USSD messages create a real-time connection during a USSD session. USSD is commonly used by prepaid GSM cellular phones to query the available balance. ***In laymans lingo VVS you get one message per session it does not sum up instances then sends you a bill.*** ***Technically, you send a query from your phone to a database, then you get a response back (USSD TXT) which you get charged for. The relationship is a one-to-one Hakuna maneno ingine mingi of bla bla bla other charges...the other charges belong to your bank. PS. I did not anywhere say that Safaricom gives the service for free, heck why should they? As for Equitel, they may not charge the user the money but I am very certain, its covered. Just FYI - TXT is not equal to SMS(am sure you know this and it ain't important anyway) On Kenol the stock....it continues to be my mistake of 2015. Am currently filling gas at less than $2 no envy of Kenol customers at this moment...Thanks but no thanks $2/litre? Pole sana. KK charges $0.88 per litre in Kenya and that includes crazy taxes. *Fill up at KenolKobil. Thank You. Come Again.* Sorre sir! here we fill in Gallons which means i get 3.79 liters for precisely $1.49 taxes inclusive that is about 0.39 a liter? ...something like that...again..no thanks = You nailed it hard 
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