• Merchants

    If you are a merchant or a business owner who is looking for an organized mechanism to manage your financial transactions revenues, then having a PoS terminal at your business gives you that and more. Many SPAN-member banks in KSA provide merchants with banking facilities and services to accept cards payments through their corporate and commercial banking departments.

    For relevant contacts and available offers, click on any of the bank logos below to gain a better understanding of the available services and details needed to have the PoS service implemented at your business.

  • Merchant Service Agreement (MSA)

    The purpose of this document is to outline the responsibilities of the merchant and their acquiring bank and all the details relating to the POS service being offered in line with mada POS standards defined by the Saudi Arabian Monetary Agency (SAMA).

  • How merchants benefit from mada

    mada offers merchants a set of value-added services that helps them grow their business volume and enhance their financial control, such as:

    • Benefit from the increased cardholder daily purchase limit from SAR 20,000 to SAR 60,000.
    • Savings in cash management costs related to cash transactions – less time and effort spent in cash handling, recounting and validating bank notes authenticity, plus the need to always have small change available.
    • Control risks and human errors related to processes of daily inventories,  revenues, and bookkeeping.
    • Savings in time and effort – reduce daily cash collections processes and their associated cash transport cost and subsequent deposit with banks.
    • Efficient financial control- monitor payment inflows coming into the business and the ability to track sales transactions through account statements provided by their bank.
    • High tendency for sales volumes and values to increase with the growing number of debit cards in the market.
    • Speed and convenience in completing purchase transactions in connection to around the clock support that ensures service quality  .
    • Benefit from banks exclusive offers and rewards programs.
  • POS choices based on connectivity

                PoS terminals must be connected to a communications network in order to work. There are many different types of terminals in the market, but they can all be classified into three main categories based on connectivity:

    • Dial-up: These are phoneline-based terminals and can be found in the majority of small to medium sized businesses. In order to be able to install this type of equipment, merchants will need a landline phone connection on their premises.
    • IP-based(always on): These terminals utilize broadband connectivity and are attached to a cable modem, DSL modem, or an IP router to process transactions. Unlike dial-up terminals, IP terminals are always faster in processing transactions and at the same time keep merchants’ phone lines free, allowing businesses to run without interruption.
    • GPRS (mobile): These terminals do not require a traditional phone line or an Internet connection but use regular SIM cards to access a cellular network, such as GPRS or CDMA.These are suitable for merchants who are in need of high speed and mobility.
  • Get to know more about mada

    With the objective to assist business owners to know more about mada and give them a chance to enrich their commercial activities with value-added services through mada electronic payment service, we invite all merchants to obtain marketing materials provided by banks and discover more of the available features.

    To request mada marketing material; please fill in the web form below. 

  • Marketing Form

    mada Marketing Materials Request Form
  • 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.