Value added services
mada depends on the direct link to a bank account (through a Debit Card) from which withdrawals are taken and when payment transactions are made....
Prepaid cards are linked to prepaid records and are intended to be used on the principle of “light account" structures in accordance with the...
As an added-value service, naqd service is available at mada POS terminals wherever you see the mada cash back sign...
atheer is a value-added service for mada that allows cardholders to make their purchase payments in a safe, easy and fast manner simply by waving...
mada introduced a new online payment service that allows cardholders to securely shop from local online merchants using mada cards...
Pay safer and faster with mada and Apple Pay
Value added services
mada the most convenient way to pay everyday
mada payment service paves the way for cardholders to enjoy a wide range of services that ensure...
All mada card transactions are recorded on current account statements, on-line records, or on mini-statements from...
In order to enhance the mada experience, please follow these tips while using the mada card in PoS terminals or ATMs to...
Issuing banks provide many special offers and merchants discounts regularly for mada cardholders with the purpose to incentivise them to pay...
mada the most convenient way to pay everyday
Take control over every point-of-sale transaction with mada
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...
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...
mada offers merchants a set of value-added services that helps them grow their business volume and enhance their financial control
PoS terminals must be connected to a communications network in order to work. There are many different...
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...
Merchants perform PoS reconciliation to receive funds in their bank account.
Take control over every point-of-sale transaction with mada
The procedure for the Security Certification of POS terminals sets out the conditions that vendors of POS terminals must fulfil in order to...
A Merchant Service Provider (MSP) is a company or agent that provides a full suite of merchant services and support within the context of POS...
Not a member?
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).
mada offers merchants a set of value-added services that helps them grow their business volume and enhance their financial control, such as:
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:
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.
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