PoS reconciliation

Merchants perform PoS reconciliation in order  to receive funds in their bank account. This process is ideally performed on a daily basis, as per the reconciliation guidelines stipulated by SAMA, to avoid having amounts pending in the system network. Once completed, the acquiring bank will credit the contracted merchants according to the terms and conditions stipulated in the MSA. Deposited payments will cover the transaction totals taking into considerations any reversals, adjustments, and refunds and any applicable merchant discounts.