How to activate MADA AlRajhi Bank?
Paytabs live account merchant can be activated after completion of the application requirements submitted by the merchant directly to AlRajhi Bank Subject for reviewal and bank's approval with KSA Sales Team Support.
To activate MADA through ALRajhi Bank, Please follow the below steps:
1. Fill out the agreement form (attached below) , to be signed by the owner.
2.Then submit the below applications along with the below requirements to the customer care team (ksasales@paytabs.com):
| PT MID: | |
| Merchant trading|legal name: | |
| Bank name: | |
| Bank account NO: | |
| Region & Branch: | |
| Commercial registration NO: | |
| MADA Rate: | 1.75% |
| CC Rate: | 2.5% + 1SAR |
| Setup Fees: | 2500 SAR |
| Monthly Fees: | 300 SAR |
| Contact name: | |
| Phone NO: | |
| Email: |
It is required to have a bank account in Riyad Bank for the company or institution that is registered in PayTabs system. If you do not have an account with Al Rajhi, you can open an account via the Al Rajhi link https://www.alrajhibank.com.sa/business/opencurrentaccountcorporate