Frequently Asked Questions

No, there has to be a business connector in between.

Yes, we are ready to connect our POS device to your cash register. This innovative solution will speed up your workflow using fail safe advanced software to reduce errors and save time.

Yes, Utility bills can be paid by using B2B SADAD Solution.

You can include up to 8000 records.

Yes, for better and more accurate POS transaction reporting, Riyad Bank provides a wide range of detailed reports that can be customized according to your business needs.

Yes, you can easily download the POS transaction report through your online banking platform.

RiyadOnline corporate internet channel is a standard channel for all corporate clients, and the B2B is a direct integration between the client and the bank.

The daily limit that can be setup for a company is negotiable.

Riyad Bank installs the latest POS terminals that offer a wide variety of the latest devices in the market such as desktop terminal, portable terminals, wireless terminals (Bluetooth) that are more flexible than other terminals, which can be used within a 60 meter radius, and at last GPRS terminals helps you operate your business easily from any place in the kingdom.

No, it does not.

It depends on the applicant’s cooperation with providing complete and sufficient documents.

The Prohibition of Riba, which is the taking or receiving of interest and in addition to this risk in any transaction must be shared by enforcing the prohibition of speculative behavior (Gharar).

You can finance the purchase of equipment, machinery, goods or even your cost of labor.

For Islamic Loans, a profit margin is agreed upfront, and fixed for the period of the loan, this differs it from a conventional loan which is subject to interest principles. Islamic finance is asset based as opposed to being currency based. A deal is structured on exchange or ownership of assets and money is simply the payment mechanism to effect the transaction. The basic framework of Islamic finance is based on elements of Shari’a, which governs Islamic societies.

It’s commonly used in mergers, acquisitions and buyouts, where borrowers often need very large sums of capital to complete a transaction, often more than a single lender is able or willing to provide.

The principal source of payback is usually the cash flow generated by the project itself.

The working Capital is the minimum cash balance that is required by a business to meet basic day-to-day expenses and to provide a reserve for unexpected costs.

Yes, different outlets can be selected for each card.

Yes, it can be printed with an employee’s name or the company’s name.

It’s optional and can be marked in the authorization form.

No, it is a free service.

Yes.

Yes, atheer transactions can be cancelled similar to all other mada transactions.

Yes. Bank statements for both merchants and cardholders will include indicate transactions conducted through this service.

Check for the atheer service logo, then purchase with less than 100 SAR and less.

By contacting our customer service 8001242226 or by sending an email to:
POSVIPMerchantTeam@riyadbank.com
POSRegistration&Installation@riyadbank.com
posmanagers@riyadbank.com