POS Pricing for Gas Stations
| No: 361000111820 | Date(g): 3/6/2015 | Date(h): 16/8/1436 |
Translated Document
Effective from 2015-06-03 - Jun 02 2015
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Further to SAMA Circular No. 351000152594 dated 25/12/1435H regarding the SPAN Pricing Policy, and as part of SAMA's efforts to support and promote the use of electronic channels in the financial market for various commercial activities, as well as the studies and discussions conducted with banks and financial institutions operating in the Kingdom to provide Point of Sale (POS) services at fuel stations to facilitate the payment process during refueling,
We inform you that a commercial pricing model has been developed for the POS service in the fuel station sector (fuel refueling service only) for transactions conducted using Saudi Network cards (Debit Cards) and Prepaid Cards. The commercial model has been implemented on the Saudi Payments Network system since the beginning of April of the current year, and it can be summarized as follows:
| Subject | Tariff |
1 | Reciprocal charges (Interchange) | Zero (no fee) |
2 | Saudi Payments Network fees | Zero (no fee) |
3 | Store Fees (Merchant Service Charge) | Limit the maximum fee, if any, to (0.07) (seven halala) regardless of the value of the fuel |
SAMA emphasizes the importance of banks adhering to the following instructions:
Banks must comply with the designated MCC codes (5541 and 5542) used to identify and classify POS terminals for the fuel station sector. These codes must be exclusively applied to such terminals and not to other devices.
Banks must ensure the accuracy and validity of terminal data in the Terminal Management System (TMS).
Banks are required to clearly explain the terms of the mentioned service through the Merchant Service Agreement (MSA) and ensure that the other party (the merchant) accepts them before signing the agreement.
The bank providing the service will face all legal actions and financial and administrative penalties for each terminal if it fails to comply with the exclusive use of the codes mentioned in paragraph (1) of this circular. This applies to POS terminals installed and operated at fuel stations (fuel refueling service only).
Furthermore, SAMA reiterates the importance of adhering to the pricing policy for the Saudi Payments Network system and not imposing any additional fees (such as installation fees, monthly fees, maintenance fees, communication fees, or others) on all POS terminals across various commercial activities. It should be noted that this pricing policy applies exclusively to Saudi Payments Network cards, while other network cards are subject to specific agreements with the bank.