Your access and use of SAMA Regulatory Rulebook and its content is considered as an acceptance and approval of commitment by you without any limitation or condition to the following:
SAMA Regulatory Rulebook is a platform that aims to assist the regulated entities to access SAMA regulatory content adeptly and efficiently.
SAMA Regulatory Rulebook is still on its development and soft launch stage. SAMA is not liable for its contents and does not warrant or represent that (the Services related to the platform, information or material presented in the platform) is displayed free of any inaccuracies, omissions, or errors (“Faults”). SAMA accepts no liability for any loss, claim or damage resulting from any use of the platform, and any decisions made, or actions taken based on the information contained in or generated by the platform.
SAMA Regulatory Rulebook has no legal effect and it does not aim to amend or revoke any legal provisions. The Rulebook still Contains some documents under review, including translated versions. Therefore, SAMA Regulatory content circulated through SAMA official channels remains in force.
Without prejudice to the terms of use of SAMA website Hereby, you acknowledge that any illegal, unauthorized use and/or any breach of any of these provisions may result in legal actions against you.
2.13.6 Merchant’s liability for unauthorised use of prepaid payment services
No: BCT/15631
Date(g): 2/5/2012 | Date(h): 11/6/1433
Status: In-Force
a.
The Operator shall disclose the prescribed procedures as follows when accepting prepaid payment service transactions, either in the Merchant Service Agreement or an associated set of operating procedures. The disclosure shall cover:
1-
The process that the merchant must follow to verify the identity of the primary cardholder )e.g. ask the cardholder to enter his PIN) ;
2-
A statement informing the merchant that it is required to ask for authorisation for all prepaid transactions, (i.e. the floor limit for a prepaid transaction shall be 0 Saudi Riyal, where no offline transactions are permitted)
3-
The merchant’s obligations for retaining evidence of the transaction, such as receipts and/or electronic records;
4-
Reasonable time periods within which merchants must provide documented evidence, such as signed receipts, to assist the Operator with resolving primary cardholder disputes rose through the issuer.
b.
The Operator must disclose any merchant liability arising from an obligation to ensure that the prepaid payment service payment system provided is not misused for acts of fraud, dishonesty or misconduct.
