ProviderRAKBANK
RAKBANK Merchant Account
Eligibility unknownMerchant AccountsAcquiring and settlement for merchants of every size.
Last verified Nov 11, 2026, 3:02 PM1 source behind these figures
Terms and conditions
| Pricing | |
| Setup fee | AED 999.001 source
|
|---|---|
| Transaction fee | 2.01% flat1 source
|
| Monthly fee | AED 99.001 source
|
| Service | |
| Settlement time | 3 days1 source
|
| Supported platforms | Android, Web checkout, Shopify, WooCommerce, Magento, API integration1 source
|
| Shariah compliance | |
| Shariah structure | —No evidence recorded |
| Profit rate basis | —No evidence recorded |
| Shariah board reference | —No evidence recorded |
| Eligibility | |
| Minimum monthly income | AED 0.001 source
|
| Minimum age | 21 years1 source
|
| Maximum age at maturity | 70 years1 source
|
| Residency eligibility | Residents and UAE nationals1 source
|
| Eligible employer types | Self-employed1 source
|
| Minimum tenure | —No evidence recorded |
| Maximum tenure | —No evidence recorded |