Custom quote
Card acquiring and channel charges
SIB Pay
Bank merchant acquiring
Sharjah Islamic Bank gateway, payment links and point-of-sale options.
At a glance
Key facts
Processing feeCard and channel rates in signed application
SettlementFunding frequency selected in merchant application
StatementsDaily statement charged; monthly statement free on written request
Online checkoutWebsite, app and e-commerce gateway
Payment linksInvoice links shared by email, SMS or social
Sharing channelsEmail, SMS and social
Payment methodsPOS supports EMV, NFC, QR and mobile wallets
In-person paymentsPOS and Soft POS merchant acceptance
POS / terminalPOS and Soft POS merchant options
IntegrationsE-commerce platform and API integration
Fees
Card acquiring and channel chargesCustom quote
Physical and SoftPOS setup and annual rentCustom quote
E-commerce setup and annual rentCustom quote
Use cases
Use casesPayment gateways, Online payments, Payment links, In-person payments
Payment solutions
E-commerce gateway
Website and app acceptance through platform and API connections.
Invoice payment links
Share customer links by email, SMS or social channels.
POS and Soft POS
Accept contactless and QR payments in person.
Settlement and disputes
Funding frequency follows the signed application.
Fees
Custom quote
Physical and SoftPOS setup and annual rent
Custom quote
E-commerce setup and annual rent
Good to know
Merchant contract
SIB Pay uses the signed application for rates, rental, funding frequency and approved card types. Its terms apply a monthly shortfall fee at AED 20,000 sales or less.
Term and exclusivity
SIB Pay is the exclusive provider for the agreement term. For business merchants, the initial term is 36 months and renews for another 36 months unless written nonrenewal notice is given at least three months before expiry.
Early exit
Appointing a competing provider or ending a business merchant agreement before term expiry can trigger the greater of remaining-term fees based on the preceding 12 months' monthly fees and AED 25,000. The fee does not apply when SIB terminates for convenience or the merchant terminates for SIB's uncured material breach.