Accepting American Express Cards can help power your businesses

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Accepting American Express Cards can help power your businesses

Accepting American Express Cards can help power your businesses

Accepting American Express Cards can help power your businesses

In today’s digital world, it is important for merchants to offer multiple card payment options to their clients. American Express can take merchants in the Kingdom of Saudi Arabia the extra mile with many of their unique service offerings.

Benefits of accepting American Express for merchants:

  • Higher Spending Power: American Express cards are targeted at customers with high purchasing power. Globally, the average American Express Cardmember spends up to 4 to 5 times over other Cardholders. This may be important for Saudi Arabian merchants who may generate more revenue by attracting high net worth customers from the region, including corporate cardmembers who are often mandated to use their Corporate card for business expenditure.


  • Associated Costs: There are several costs involved in teaming up with card issuing companies. Apart from initial costs, there are also operating costs, which need to be considered when drawing up the agreement. While it is important to minimize such costs, merchants should pay attention to the related benefits. Because American Express Saudi Arabia are renowned for serving premium customers, this may provide a better cost benefit ratio for your business.


  • Global Acceptance: American Express gives your business instant access to over 100 million Cardmembers in every corner of the world, including Corporate Cardmembers.


  • Customer Loyalty: One reason American Express Cardmembers are extraordinarily loyal to their Cards is because of their award-winning Membership Rewards program which keeps rewarding Cardmembers on their spend. This then allows them to redeem their points across a wide range of travel, Hotels, Charity and Retail products and more.


  • Strong Marketing Opportunities: Merchants in Saudi Arabia can use other services provided by American Express for boosting their customer base. American Express can help you grow your business by featuring your business in marketing campaigns such as the Amex Offers. In addition, they offer cardmembers SMS alerts for each transaction, online apps to keep track of their transactions and other safety features which build Cardmember confidence and thus encourage more card usage.

PayTabs collaborates with American Express Saudi Arabia to offer its merchants in the Kingdom of Saudi Arabia the ability to accept American Express cards as another alternate payment method. It further allows them to avail other exclusive services such as client acquisition, process benchmarking and planning tools. Grow your business with American Express Saudi Arabia when you tie up with PayTabs.

All about STC Pay

All about STC Pay

Currently, the e-commerce landscape is exhibiting a lot of dynamism, with businesses of all sizes going online to reach out to countless potential customers locally and globally. However, the success of any e-commerce venture is intimately linked to a couple of key factors, and an online payment management system is one of them. The online payment system you choose should not only be easy to use but also secure at the same time. To fulfill these requirements in an efficient manner, PayTabs has introduced STC Pay, which is a digital secure wallet and it lets individuals have more control over their money.

Why STC Pay?

PayTabs’ collaboration with STC Pay ensures that we are bringing the latest and the best in online payment systems to our clients. STC Pay offers a wide range of services including easy activation, better transaction transparency and instant refund. It also allows you to carry out your financial operations such as sending, receiving and managing your money through its dedicated phone app, ensuring that you are productive even when you are on the go.

STC Pay system is designed to pay for purchases, whether you have bought a candy bar in a convenience shop or a diamond necklace from a glitzy mall. You can use this app to clear your STC bills with just a flick of your finger. The system caters to the needs of busy people as it allows you to make international remittances as well. With this system you can make instant fund transfer to more than 525,000 Western Union locations globally.

STC Pay Powered by PayTabs

With PayTabs, a merchant can apply for an STC Pay account. After proper verification of the documents provided along with the application, the account gets activated and the merchant is able to receive cash from online channels. Currently, PayTabs offers STC Pay facility to only those Saudi merchants who have a proper Saudi bank account and CR. Furthermore, only Saudi individuals with a Saudi mobile number are eligible for making payments using this platform. These features are in line with PayTabs’ strategy to focus on Saudi businesses and propel them towards a high growth trajectory.

The merchants may use any bank to be associated with their STC Pay account as it does not require any specific bank for transactions. STC Pay provides support for various modes of payments for loading the digital wallet. The end client may use any of the major credit cards such as MasterCard, Visa and Amex or debit cards such as mada, to add money to their digital wallet or through IBAN and SADAD transfers.

Grow with PayTabs

PayTabs aims to provide a convenient and secure channel for remitting and receiving payments. Within a short period of time, the company has established itself in the online payment segment. Its tailor made solutions for businesses ranging from small enterprises to mega corporations are reliable and efficient. The company is also at the forefront of electronic payments with its emphasis on developing technologies and partnerships. PayTabs’ security management layers are certified by Visa and MasterCard, offering you absolute peace of mind.

PayTabs’ winning alliance with Zoho Books

PayTabs’ winning alliance with Zoho Books

PayTabs’ winning alliance with Zoho is set to revolutionize digital payments

PayTabs has always moved ahead with the aim of making payment processes simple and secure for small and medium businesses. In a step towards that, it has joined hands with Zoho Books to further enrich its product offering. The partnership with Zoho, a cloud accounting software provider, will enable integration of accounting operations into the current multiple payment options available to PayTabs’ customers. The inclusion of this additional facility into the PayTabs platform will enhance the payment collection experience for business owners in the Middle East.

Zoho offers online end-to-end accounting solutions to business units to simplify financial operations like billing, invoicing, finalization of ledger accounts, preparation of financial statements, automation of VAT compliance and multi departmental integration within organizations. While PayTabs offers a convenient ‘plug and play’ feature for secure, online payment processing, as there was a need for the customer’s payment transactions to be seamlessly integrated into the book keeping records for financial reporting. The incorporation of Zoho’s accounting database with PayTabs would enable availability of complete financial records, including customer receipts, at one’s fingertips. Thus, it is expected that this alliance will throw open the following business advantages:

  1. Instant payment system: Since the records of the finance function are completely integrated with the payments gateway, there is no time lag involved in acceptance of online payments by merchants from e-commerce customers. The set-up process is easy to understand and use, and can be commissioned immediately. The instant receipt of cash inflows, without delay, would considerably improve the liquidity position of the business units.
  2. Facilitates easy reconciliation of transactions: It is imperative that the accounting transactions, including payment receipts are captured in the system and can be traced back to their source and time. This enables effective monitoring of transactions and ease of preparation of financial statements. Zoho facilitates separate recording of customer payments and transaction fees in a clearing account. Thus, the individual ledger accounts of the finance function, especially the revenues realised from online customer payments, can easily be accessed by business units at any point of time.
  3. Supports multi-currency formats: Business enterprises that transact with global customers would be required to accept payments in multiple currencies. The combined features of PayTabs and Zoho would enable reporting of financial metrics, including acceptance of multi-currency customer payments in over 168 global currencies. All this would be enabled automatically, without any need for intervention by money conversion agencies or forex dealers.
  4. Flexibility in Payment methods: Business units can provide the option of multiple payment methods, especially to their customers, based out of the GCC. Besides traditional channels like Visa and MasterCard, business units can offer regional payment methods like SADAD and MADA in KSA, OmanNet in Oman, and KNet in Kuwait.
  5. Cash boost: One has often heard of the adage ‘Cash is king’. Receipts from customers by way of digital payments is an important component of the revenue stream for e-commerce merchants. This instant credit of cash facilitated by a superior and secure payment gateway like PayTabs, can significantly contribute towards enhancing the cash situation of the business. The cash can be fruitfully channelized towards critical working capital operations of the business enterprise. Further, one can also simultaneously keep track of the cash balance of the business from the accounting system, integrated by Zoho.

The alliance is clearly a win -win situation for both PayTabs and Zoho. The business opportunity is also expected to yield rich dividends for the business enterprises that would be able to conveniently receive payments for their invoices online.  This would, in turn, enable prompt receipt of payments, with zero hassles of extensive paperwork. Further, as fast becomes the new normal with digital, the alliance would generate greater returns for merchants and facilitate complete automation of its finance and book keeping function. Happy days ahead for merchants!