MYFATOORAH Payment Acquirer

What Is MyFatoorah?

My Fatoorah is a digital payment platform popular in the Middle East, particularly in Kuwait, Bahrain, and Saudi Arabia. It enables businesses and people to send and receive money, make online payments, and generate invoices. Both small and large enterprises can easily manage their financial transactions using the platform. 

My Fatoorah allows you to pay for products and services online, send money to others, and accept payments. It also has options for setting payment links and producing invoices for businesses. To access your personal account information, check in to the My Fatoorah website or app and examine your transactions and invoices. Please let me know if you need any other assistance!

How MyFatoorah connects businesses with the Saudi government's e-invoicing system 

MyFatoorah helps businesses connect with the Saudi government’s e-invoicing system by offering an easy-to-use digital platform for creating and managing invoices. It allows businesses to make, send, and store invoices in a way that meets the rules set by the Saudi Tax Authority (ZATCA). This makes sure that all invoices are automatically sent in real-time for tax reporting, improving transparency. 

MyFatoorah also offers features like digital signatures and automatic updates, which make it easier for businesses to stay compliant, save time, reduce mistakes, and simplify their operations, while also supporting the government's efforts to improve the tax system.

How to Benefits for Business?

Simplified Compliance: MyFatoorah assists businesses in adhering to the Saudi government's e-invoicing guidelines, making it easier to comply with tax regulations.

Saves Time: Because the platform automates invoicing, organizations may spend less time on paperwork and instead focus on more vital responsibilities.

Fewer Errors: MyFatoorah's automatic invoicing and interaction with accounting systems limit the possibility of human errors in computations and reports.

Real-Time Reporting: Invoices are automatically transmitted to the Saudi Tax Authority (ZATCA) in real time, allowing firms to meet deadlines without delay.

Cost savings: It decreases the need for paper, printing, and storage, which lowers business costs.

Better Transparency: Digital invoicing give clear, organized records, which improves financial transparency and simplifies auditing.

Secure Transactions: MyFatoorah protects financial data with digital signatures and encrypted data.

e-Invoicing MyFatoorah Payment Acquire In Saudi Arabia

To facilitate safe and secure payments processes many eCommerce website companies use various payment gateway portals which are integrated into their eCommerce website. One among them is the MyFatoorah payment.

The integration of the MyFatoorah Payment application with Odoo allows users to make payments on Odoo using the MyFatoorah payment gateway. This module provides a payment facility by redirection flow and payment from Odoo flow. Also, it allows customers to save card details as a token for further payments.

Redirection

Payment by Redirecting to Acquirer's Website.

Payments from Odoo

Make frequent Payments from Odoo.

Payment from Website

Make a payment from the Sale Order or Invoice on the website.

Customer card Information

Save customer's card information for further payments.

How to Setup & Configuration MyFatoorah?

Configure MyFatoorah Account

• Create MyFatoorah Account

 

 

Configure MyFatoorah Payment Acquirer

• Invoicing > Configuration > Payments > Payment Acquirer

• Create API Token (Home > Integration Settings > API Key) 

• Enter Credentials

Redirection Payment

​

eCommerce Order Payment

• MyFatoorah option available on the website.

• Choose the Payment Method from the dialog box and then confirm it.

• This is the MyFatoorah Payment Checkout page. Click on Pay Now Payment button for further process.

• After clicking on the Pay Now Payment button, the user can see the order confirmation page.
• Check transaction for order in backend. 

​

Invoicing Payments

• Users can pay invoices from Odoo by using MyFatoorah payment (My Account > Invoices) 

• By clicking on the Pay Now button, users can see the MyFatoorah option for payment.

Select Payment Method

• This is the MyFatoorah Payment Checkout page. Click on Pay Now Payment button for further process.

• After clicking on the Pay Now Payment button, the user can see the order confirmation message.

• Invoice status change to Paid.

Payment from Odoo

E-commerce Order Payment

• MyFatoorah option available on the website. Select Payment Method from Selection and click on submit button
  

• Fill Card Details Form. Click on Pay Now Payment button for further process.

• After clicking on the Pay Now Payment button, the user can see the order confirmation page.

Invoice Payments

• User can pay invoice from Odoo by using MyFatoorah payment (My Account > Invoice) 

• By clicking on the Pay Now button, users can see the MyFatoorah option for payment. Select Payment Method from Selection and click on submit button.

• Fill Card Details Form. Click on Pay Now Payment button for further process.

• After clicking on the Pay Now Payment button, the user can see the order confirmation message. 

• Invoice status change to Paid.

Tokenization Payment

E-Payment by using MyFatoorah Token

• MyFatoorah token available on the website. 

• After clicking on the Pay Now Payment button, the user can see the order confirmation page. 

• Check transaction for order in backend.

Conclusion:

MyFatoorah is important for businesses in Saudi Arabia because it makes following the government’s e-invoicing rules easy. It automatically sends invoices to the Saudi Tax Authority (ZATCA) in real time, saving time and reducing mistakes. It also helps businesses save money by reducing paper and storage costs. MyFatoorah improves transparency, keeps data safe, and makes it easier for businesses to manage their finances and stay compliant with tax rules. It also works well with existing accounting systems.

Frequently Asked Questions Of MyFatoorah: