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1.2.5. Merchants

No: م أ ق/15631 Date(g): 2/5/2012 | Date(h): 11/6/1433 Status: In-Force

Effective from Jan 31 2025 - Jan 30 2025
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The term merchant refers to a Company, firm, corporation, government entity or other person who:

a) has a Merchant Account and an existing and on-going relationship with an Acquirer, and;

b) is designated to accept any payment by a cardholder using a valid Payment Card to pay for goods and/or services, and;

c) has contractually agreed to accept the payment device as a method of payment at their premises.