The solar wind interaction with Mars controls the transfer of energy and momentum from the solar wind into the magnetosphere, ionosphere and atmosphere, driving structure, and dynamics within each. This interaction is highly dependent on the upstream Interplanetary Magnetic Field (IMF) orientation. We use in‐situ plasma measurements made by the Mars Atmosphere and Volatile EvolutioN (MAVEN) mission to identify several prominent features that arise when the IMF is aligned approximately parallel or antiparallel to solar wind flow (conditions known as “radial IMF”). In particular, solar wind protons and alphas are observed to directly penetrate down to periapsis altitudes, while the magnetic barrier forms deep within the dayside ionosphere. The MAVEN observations are consistent with either an ionopause‐like boundary or diamagnetic cavity forming beneath the barrier, as a consequence of the dense cold ionosphere and the absence of significant crustal magnetic fields at this periapsis location. The planetary ions above the magnetic barrier are exposed to solar wind flow and subsequent mass‐loading. The trueV⃗×B⃗ $\vec{V}\times \vec{B}$ (convective electric field or “ion pickup”) force is weak and highly variable during radial IMF. While wave particle interactions and subsequent wave heating contribute to incorporating the heavy planetary ions into the solar wind flow, the solar wind momentum is not fully deflected around the obstacle and is delivered into the collisional atmosphere. Significant ion heating is observed deep within the dayside ionosphere, and observed ionospheric density and temperature profiles demonstrate that these ion energization mechanisms drive significant erosion and likely escape to space.