Mobile Point of Sales (mPOS)
Mobile Points of Sale (mPOS) allows merchants to accept all kinds of bank cards (mada, MasterCard, Visa, and American Express). It is the perfect payment method for cardholders rather than cash, in addition to being most suitable payment solution for the following mobile business:
- Taxi drivers
- Delivery services providers
- Seasonal exhibition
- Food truck owners
- External sales representatives
The device will be linked to the merchant account in The Saudi Investment Bank to settle the processed transactions amounts quickly and safely, and the merchant will be able to view the transactions statements and the total amounts which settled to the account through SAIB Corporate Internet Banking (Flexx Business)
Apply now and increase choice of payment for your clients!
To apply for the product, please visit the nearest SAIB branch. To view the branches’ locations, please click here
Features and Benefits:
- Light for ease of carry
- Easier to use
- More security (Reduce risks of cash handing)
- Paperless receipts (Receipts will be sent directly via email to both merchant and client with no need to any paper ribbons to print any receipts)
- Pocket-size (Easier to carry everywhere in the Kingdom)
- Accepts all bank cards
- Easily connected to smartphones (Merchant can use the device application via his/her smartphone)
- Installation
- Monthly fees
- Maintenance
FAQs
Shall the merchant open an account in Saudi Investment Bank?
Yes, the mPOS has to be linked to the merchant account with The Saudi Investment Bank.
Which cards does the mPOS machine accept?
The following card schemes are accepted:
- mada
- Visa
- MasterCard
- AMEX
How long will it take to install the mPOS machine?
One business day after receiving the approval.
What are SAIB mPOS charges?
There are NO fees and charges for:
- Installation
- Monthly fees
- Maintenance
What are the business activities which the nature of it would mostly benefit from mPOS machines?
- Taxi drivers
- Delivery services providers
- Seasonal exhibitions
- External sales representatives
- Food truck owners
Does the mPOS machine print purchase transaction receipt for the merchant and the cardholder?
No, the purchase transaction receipt will be sent to the merchant and the cardholder by email.
How can I apply for the mPOS machines?
By visiting one of SAIB branches (Click here to view the nearest branch to your location).
(Do not forget to book your appointment to save your time! To book an appointment, please Click Here.)
What are the required documents?
- Signed POS service agreement at one of SAIB branches
- Copy of Commercial Registration
- Copy of merchant national ID