This is a device enabling payments made through a point-of-sale terminal where funds are electronically transferred. The system enables the credit/ATM card holder to pay for his/her purchases from shopping stores through having the price transferred from his bank account to the respective merchant’s bank account.

• No need to carry cash, to your bank, thus minimizing risks?
• Saves money and time wasted on monthly reconciliations.
• Boosts the merchant’s selling business by offering greater payment options.
• Proceeds are deposited directly into the merchant’s bank account. No need to go to the bank branch.

• Riyad Bank provides the latest and most advanced POS terminals in a range of models.
• Riyad Bank pays all operational and maintenance costs.
• There are no installation expenses.
• No monthly fees are charged if the volume of sales reaches the pre-agreed levels.
• Riyad Bank provides the merchant with online statement of sale transactions on a daily basis.
• Advanced data communication of transactions is utilized, between SAMA and Riyad Bank, thus a transaction may not take more than a few seconds.
• POS terminals provide electronic and manual balancing functions.
• RiyadOnline (Internet Banking) service is available free of charge – allowing merchant to monitor bank account.

The merchant must have a:

• Shopping store.
• Active current account with Riyad Bank.
• Telephone (land line).

• Copy of ID or Iqama
• Copy of valid commercial registration certificate or a store permit.

Please call our toll free 800 124 2226

POS Service Request Form