Credit cards are a popular payment method. It is used to pay off money through the provider of this card, which is often a bank. Credit card mechanism is that the bank will pay money for the customer, but first the customer should pay the agreed amount with additional fees dues to benefit from the service. Credit cards took advantage of technological development, and launched their own e-cards used for online trading. This development was faced with many problems as follows:
1- Permanent Need For Spending
The ease of purchasing without the need for sufficient balance has led people to become addicted to shopping and falling into a huge amount of debt. As mentioned before, the debt repayment process is not only due to the amount due, but some expensive fees are imposed which make the payment process very difficult.
2- Falling In The Risk Of Fraud
Despite the development of electronic security in the world, the cases of fraud and theft of financial identities are still increasing. The risk of theft of credit cards by hand, fraudulent e-methods and number theft is now common and uncontrolled.
3- Terms Of Use Are Very Confusing
Some people agree to credit card terms without having to read them completely. This is due to the length of the agreed terms, in addition to their complexity, making their understanding process very difficult.These conditions may be a subject to many legal issues if they do not make good use of cards without knowledge. They may also make them subject to many of the financial fees charged with their prior consent.
4- Difficulty Controlling Your Financial Transactions
With credit cards you have freedom to withdraw and spend money, but when the time comes to repay, this freedom is taken away from you. You are surprised by the huge amount of money you have spent without warning or attention. The problem is that it is difficult to track your financial transactions by using credit cards. It is so vague that you think you are still safe until you see for yourself how much debt you owe.
5- Fiscal Fees
When dealing with credit cards, you agree to pay a lot of expensive financial fees for each transaction you do, which is other than the fees you pay when you pay your debts. You do not pay one type of fee, but two fees on business transactions and fees To borrow money in advance from the bank.
6- Limitations
Retail stores and e-shops differ in their preferences for credit cards. You can either deal with an online store or shop on the ground and find that they do not accept your card. So you always need to carry banknotes for fear of falling into this dilemma.All these flaws created the need for a more secure way to control financial transactions, more smoothly to track them, and found the electronic payment portals.
Payment Gateway in Qatar SADAD is an mobile app dedicated to providing payment services. It connects the parts to financial transactions via the Internet in safe and smooth ways. It does not require any effort.
SADAD was introduced to its customers in 2018 to be the first e-portfolio in Qatar. It is the first Arab in the provision of payment solutions services on a free basis, and the first in the world in terms of financial costs.
SADAD works in accordance with the e- clearing system. It is a substitute for traditional banking transactions, where paper checks are dispensed with an e-balance that is verified and dealt with accordingly. Thanks to this system, SADAD applies to most banks in a smooth way, especially banks in Qatar.
SADAD is accepted in Qatari riyal and the dollar. Arab brothers do not need to carry out their transactions in dollars and convert them to their local currency after deducting the transfer fees.
In contrast to the procedures of opening a Qatari bank account which requires a fee of up to QR20,000, SADAD allows its customers to open a merchant account on its platform for free. Only a commission of QR2.9 charged to transactions.

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