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Al Rajhi Bank vs STC Bank (formerly stc pay)

Al Rajhi Bank

Good for stores that need mada and social sellers

STC Bank (formerly stc pay)

Good for stores that need mada and shops with POS

Comparison of 2 providers
Al Rajhi BankGood for stores that need mada and social sellersSTC Bank (formerly stc pay)Good for stores that need mada and shops with POS
Fees
Setup feeOn requestFree
Monthly feeNot publishedFree
Local card fee (%)On requestNot published
mada fee (%)On requestNot published
Getting paid
Payout frequencyNot publishedDaily
Payment methods
Payment methodsmada, Visa / Mastercard, Apple Pay, STC Pay, urpay, Buy now, pay latermada, Visa / Mastercard, Amex, Apple Pay
Requirements
Bank account requirementsAl Rajhi business account; apply via relationship manager, business app, branch or 8001228888Not published
Product
Payment linksYesNot published
Recurring billingYesYes
POS terminalsNot publishedYes
Developers
REST APINot publishedYes
Licences and compliance
Regulator licenseSAMA (bank)SAMA - Digital Bank (Banking Business)
3-D SecureYesNot published
Support
Support channelsNot publishedPhone, Email
Support hoursNot published24/7
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Grey values were last checked more than 90 days ago. Not published means the provider does not publish it.

We don't pick an overall winner: the right choice depends on your business.