SADAD OLP – ONLINE PAYMENT – HOW TO USE
SADAD OLP (Online Payment) is a new service that allows you to make online transaction by using your current account, without the need of having a credit card. All what you have to do is signing up for the service and register your account by logging to your online banking account and then transfer funds to your SADAD OLP account when making transactions with participating merchants.
Login your internet banking > Chose Register SADAD Account > Chose your own SADAD ID (eg: amar1986) > Set Your Password > Enter OTP Recieved in your mobile > Submit and Finish
You can load any amount from your Current account
You can refund instantly to your Current Account without any restriction
Now you can use SADAD OLP for purchase air tickets, pay mobile bills ,order from Souq.com and many more
- An easy and secure way for online shopping
- Making Online purchases without logging to your bank account
- The ability to make online purchases without having a credit card.
- Free of charge.
1. What is SADAD Account e-commerce? SADAD Account is a new SADAD service that provides the partner a secure, non-card based payment option (direct debit from the partner’s SADAD Account in the Issuing Bank) for online shopping. 2. What are the benefits of SADAD Account? Provides a secure, non-card based payment option (direct debit from the partner’s bank account) for partners shopping with online merchants. 3. How does SADAD Account work? SADAD Account is a Real time payment process, where the partner account is debited real time and the same gets credited to Merchant. In case of any failures in the transaction, then the partner account will be credited with the amount, as the transactions stands failed. 4. Can I register in SADAD Account through a Bank? Yes. Further details regarding registration process can be found under Registration topic. 5. How secure is a payment transaction in SADAD Account ? All transactions between SADAD and banks will through the secured SAMA Joint Network (SJN). Additionally, SADAD Account offers the following levels of security checks: • SADAD Account ID (known only to the partner) • Per Transaction and Daily transaction limits maintained at SADAD • Independent SADAD Account (not linked to partner’s Current Account) • Two level Authentication (SADAD Account Password, Second Level Authentication) 6. How will the security checks ensure that my transaction is secure? • SADAD Account ID will be shared only will the partner. • Since a daily transaction limits are maintained, it will not be possible for anyone to misuse the system • Since the SADAD Account is tagged to the SADAD Account, any unauthorized withdrawal from the partner’s current account is not possible via SADAD Account. • Two levels of authentication (Password and one time password) will ensure secure transactions. 7. What are the services offered by SADAD Account to the partners? The partner can perform online payments using the SADAD Account system. The following are the services offered by SADAD Account to partners through alinma internet: • Ability to query, view and download transactions list • Initiate Refunds against a transaction • Raise technical tickets and track progress • Raise disputes and track progress • View SADAD Account message notifications 8. Can a partner transfer his/her SADAD Account ID from one bank to another? No. 9. Can a partner purchase a product / service through SADAD Account checkout option, if the merchant is selling product / service in foreign currency? Yes.