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.

 

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).

            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.

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. 

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.