Mada Payment Network: Who Qualifies and What You Get

The Mada Payment Network is a system that allows businesses to accept local debit card payments directly through their websites.

👤Who it's for

This network is designed for any merchant operating within Saudi Arabia who maintains a local bank account. If you have a business account at a local bank, you are eligible to use this network to facilitate digital transactions.

🎁What you get

The primary benefit of this scheme is the ability to accept local debit card payments on your website. By enabling this capability, you allow your customers to complete their purchases using their existing local cards, which helps streamline your digital sales process and accommodates the preferred payment methods of local shoppers.

💰What it costs you

Using this network involves transaction fees for every sale processed. The specific cost of these fees is not fixed by a single standard; instead, the amount you pay depends entirely on the specific payment service provider (PSP) you choose to use for your business operations. You should check with your provider to understand their specific fee structure for your transactions.

⚠️The catch to know

It is important to understand that you cannot simply turn this on yourself through a website setting. The most significant requirement is that you must integrate with a licensed payment service provider (PSP) to process Mada cards online. You will need to work through these licensed intermediaries to ensure that your website can communicate securely with the network to verify and complete payments.

📝How to apply

1. Identify a licensed payment service provider (PSP) that supports the Mada network.
2. Set up the necessary technical integration on your website to accept digital payments.
3. Verify that your local bank account is correctly linked to your merchant account for receiving funds.
4. For more information regarding the network, visit the official portal: https://mada.com.sa