Monday 11 March 2019

Receiving SADAD Payment is Super Easy for Online Merchants!

Online merchants in the Kingdom of Saudi Arabia can now bank on the electronic payment service provider, SADAD, to receive payments easily and safely. SADAD is an advanced and convenient payment platform which makes online transactions simple, safe and quick. And merchants in KSA who have already adopted PayTabs can easily integrate SADAD into their system, and start receiving funds in their bank account. SADAD is also great for online shoppers, as they can buy products without using their debit or credit card, as long as they have a SADAD account. So, it’s a win-win situation. Know more about how receiving SADAD payment online is easy now.

Benefits for merchants who use SADAD

Using the SADAD KSA payment gateway can help you in multiple ways:

•  Your account will receive funds from a sale within 1 business day.
•  You can reach out to more consumers and especially millennial shoppers by using SADAD, as it offers greater payment flexibility to shoppers. 
•  As a merchant, you will be able to view or download the entire list of transactions and make queries if you have any doubts.
•  You will receive notifications about your SADAD account whenever there is a transaction or some update is required.

Business requirements for SADAD account

If you are an online merchant looking for easy SADAD payment, here are a few things you should have:

•  You must have a bank account with an authorized bank in Saudi Arabia.
•  A valid commercial registration document which is authenticated by the KSA MCI (Ministry of Commerce & Investment) is essential. 
•  You must provide a national ID of all the owners or partners.
•  A bank statement showing the transactions made in the past quarter has to be provided. Or, you should have a bank certificate that shows you hold an account.

System requirements for SADAD account

To integrate SADAD KSA payment gateway effectively and smoothly into your system, you need the following:

•  A website that is public domain hosted is mandatory for any online merchant who wishes to use SADAD.

•  Your website should be compliant with secured architecture system and must follow the security policies of the authorized banks and SADAD.

How to get started with SADAD? 

You have to first sign up for a PayTabs account and then apply for a SADAD account, by providing the required information. Or, you can apply for SADAD by approaching your authorized bank in KSA, at the same time when you open a PayTabs account. If there are any disputes between the online merchant and consumers, PayTabs will act as the mediator.

Once your SADAD account is integrated into your website and activated, you can start receiving payments digitally, in a safe and glitch-free manner. When your customer places an order on your e-store, the relevant amount will be automatically deducted from his or her bank account via SADAD and deposited in your account. Hence, receiving SADAD payment online just became easier than ever!

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