2.13.2 Disclosure of charges
| No: م أ ق/15631 | Date(g): 5/4/2015 | Date(h): 16/6/1436 |
Effective from Apr 20 2025 - Apr 19 2025
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The Operator shall disclose in Merchant Service Agreement all charges, if any, associated with the operation of prepaid payment services and acceptance of prepaid payment service transactions and an explanation of the method of computation of charges as follows:
| a. | Card account operational fees. Fees payable by the merchant, which may include card issuing fees, annual fees, load fees, etc.; | ||
| b. | Terminal fees. Any prepaid specific fees for the rental of Point of Sale terminal equipment or any connection charges and frequency of assessment; | ||
| c. | Merchant Service Commission rates. Any specific prepaid payment service commission rate that is used to compute a commission against the total volume of sales, differentiating between any flat or ad valorem fee, including the frequency of assessment (for example daily, weekly, monthly, etc.). If different rates apply to different types of transactions, the types of transactions and the rates applicable shall also be disclosed; | ||
| d. | Other charges and penalty charges. The rate of charges, itemised and identified by type, of any charges other than terminal fees and merchant service commission rates charged to the merchant for accepting prepaid payment service transactions and frequency of assessment. |