Pop and Lock The Rates with Merchantrade Money
In the dynamic realm of multi-currency management, securing favorable exchange rates is paramount. Merchantrade Money emerges as a beacon of reliability, offering users a comprehensive solution with its innovative rate locking feature.
Let’s explore how this functionality elevates the user experience and distinguishes Merchantrade Money from pseudo multi-currency e-wallets.
Understanding Rate Locking with Merchantrade Money
Digital Currency Acquisition
Rate locking empowers users to digitally purchase currencies at the prevailing rate. Upon acquisition, the value of the purchased currency is seamlessly transferred to the user’s currency bucket at the locked-in rate.
The value remains intact until the user decides to utilize it, shielding them from currency fluctuations.
Streamlined Transactions
Unlike traditional currency exchanges where users have limited control over rates, Merchantrade Money simplifies the process. Users need not specify rates; instead, they can effortlessly check daily exchange rates and proceed with transactions, ensuring convenience and transparency.
Protection from Volatility
Pseudo multi-currency e-wallets often rely on third-party payment services, exposing users to currency volatility. In contrast, Merchantrade Money’s rate locking eliminates this risk by providing users with a secure platform to lock in rates and mitigate fluctuations effectively.
Merchantrade Money’s Multi-Currency Benefits
Fee-Free Currency Usage
Merchantrade Money revolutionizes multi-currency transactions by eliminating additional conversion fees.
When users purchase and stock currencies in their buckets, they enjoy seamless transactions without incurring extra charges. The only fees applicable are for specific additional services, such as international ATM withdrawals, facilitated through VISA’s extensive network.
Effortless Currency Management
Get full control over their multi-currency finances. Whether it’s for travel, online purchases, or international transactions, the platform offers a user-friendly interface for seamless currency management, empowering users to navigate global financial landscapes with ease.
Merchantrade Money’s rate locking feature redefines multi-currency management, offering users unparalleled control and security over their finances.
By enabling digital currency acquisition at locked-in rates, Merchantrade Money eliminates the uncertainties associated with currency fluctuations. Moreover, its fee-free currency usage and effortless transaction capabilities further enhance the user experience, setting it apart from conventional multi-currency e-wallets.
For individuals seeking a reliable and efficient solution for managing multiple currencies, Merchantrade Money stands as the ultimate choice.
In this guide, we’ll show you exactly how to open a Merchantrade Money account online in Malaysia, along with the key benefits you’ll enjoy once your account is activated.
Who can open a Merchantrade Money Account?
Before you begin, ensure you meet the basic eligibility requirements. You’ll need to be:
- 18 years and above
- A Malaysian resident or a valid resident in Malaysia.
How to Register for a Merchantrade Money Account Online
The online registration process is simple and can be completed in just a few minutes! Follow these steps:
- Download the Merchantrade Money App
- Get it from the Apple App Store or Google Play Store.
- Register Your Account
- Open the app and tap the “Sign Up” button.
- Enter your personal details: Full Name, Malaysian Mobile Number, Email Address, Mother’s Maiden Name and Referral Code (if any)
- Enter OTP
- You’ll receive an SMS with a one-time-password (OTP) – enter it in the app.
- Create a 6-digit App Passcode
- Create a 6-digit passcode for app access
- Create a strong Security Phrase
- Set a strong, unique security phrase for your account.
- It must be between 8 – 20 characters.
- It must contain uppercase, lowercase, numbers & symbols.
- E.g.: !L0veFlower5
- Personalise your card
- Here you can enter your name as how you’d like it to appear on the card
- Note: It should be your name. You can choose to have your Full Name appear or just your First Name
- Verify Your Identity (e-KYC)
- You’ll be guided through the e-KYC (Electronic Know Your Customer) process.
- Have your MyKad (Malaysian Identity Card) or passport ready.
- Follow the in-app instructions to upload ID and a selfie.
- Top-up your account
- To activate your account, you’ll need to top-up your eWallet
- Use your own local bank account (third-party bank accounts are not allowed).
- It must be yours, can’t be someone else’s
- Follow the in-app instructions to complete your first top-up securely.
How Account Verification Works
Verifying your identity is a crucial step to ensure the security of your account and comply with Bank Negara Malaysia’s regulations. This process helps prevent fraud and ensures that all Merchantrade Money users are verified individuals.
Once your e-KYC is approved, you’ll have full access to your Merchantrade Money account.
Key Merchantrade Money Features
- Multi-Currency Wallet: Store and manage up to 20 different currencies in one place.
- Currency Exchange with Locked-in Rates: Convert currencies at competitive rates and lock-in those rates for future use.
- Merchantrade Money Visa Prepaid Card: Spend globally and locally with your Visa card.
- International Remittances: Send money to your loved ones abroad quickly and securely.
- Local Transfers (DuitNow): Easily transfer funds to other Malaysian bank accounts and e-wallets.
- Bill Payments and Top-Ups: Pay bills and top-up your mobile prepaid.
- Budgeting Tools: Track and manage your spending with smart financial insights.
- Secure Transactions: Enjoy secure transactions with advanced security features.
- 24/7 Support: Access helpful customer support through the app and other channels.
Why Choose Merchantrade Money?
Whether you’re traveling, sending money home, or simply looking for a better way to handle your daily transactions, Merchantrade Money makes your financial transactions easier, secure and more efficient.
With competitive exchange rates, a user-friendly app, and a range of powerful features, Merchantrade Money is the smartest way to manage your money.
Step into the future of digital finance! Get your Merchantrade Money card now and enjoy smarter, safer, and seamless transactions worldwide.
