This E-Wallet Gives You Top Conversion Rates On MYR, USD, SGD, GBP & More! Here's How
You can also lock in currency exchange rates and withdraw money overseas.
By Dale John Wong — 27 Dec 2024, 10:13 AM
Looking to travel overseas soon? One thing probably on your mind is getting your foreign currency ready — so you can shop and feast to your heart's content, hehe!
But sometimes, you just don’t have the time to exchange your currency at the counter, and want the ease of doing everything through your smartphone.
Here's the good news. With Merchantrade Money, you can easily exchange foreign currencies through your smartphone without having to pay any fees!
Merchantrade Money can be your perfect solution for travelling. It's a prepaid card and multi currency e-wallet rolled into one. Whether you're looking to exchange EURO, USD, SGD, GBP, or AUD, Merchantrade Money has got you covered while offering some of the lowest rates around!
This makes it particularly easy and convenient for you to spend like a local overseas, make overseas payments, or even invest in foreign currencies.
Want some cheaper ways to get foreign currencies? Here’s how you can use Merchantrade Money to get the best conversion rates!
1. Multi-currency wallet
This function in the Merchantrade Money app is a great way to manage several foreign currencies and exchange currencies at anytime with zero FX fees. Beginners can easily buy small amounts of the top five currencies such as USD, GBP, AUD, EUR, and SGD.
With a built-in expense-tracking feature, you can also keep tabs on every single cent spent.
The e-wallet lets you buy and sell 21 currencies, including: MYR, USD, SGD, GBP, AUD, IDR, EUR, THB, YEN, SAR, CNY, TWD, HKD, KRW, INR, PHP, CAD, NZD, AED, CHF, and VND.
2. Lock in exchange rates to stop rate fluctuations
Merchantrade Money lets you get the best value for your money with 0% transaction fees on all its currencies. Plus,you can even learn to become financially savvy and buy global currencies with locked-in rates.
Once purchased, your chosen currency remains at the same preferred rate you bought it at, meaning you can protect yourself against market volatility and rate fluctuations.
3. Easy to use around the world
You can easily top up and receive funds in your e-wallet, make cash withdrawals at Visa Plus ATMs overseas, or spend like a local!
For instance, you can use your Merchantrade Money Visa Prepaid Card online or in stores, and you can even link your card to e-hailing apps or food delivery platforms to experience the local lifestyle! Easy and convenient, right?
4. Easily send money anywhere globally
If you need to send money overseas, there's also a remittance feature that lets you transfer funds to friends and family in over 13 countries and territories for a small fee, typically cheaper than what banks offer.
You can also get Merchantrade Money's built-in card security features right in the palm of your hand!
Whenever you use Merchantrade Money, you can spend securely knowing your money is safe with card security settings in the app.
For example, you can choose to block your card in case of loss or theft, get a one-time-PIN (OTP) for online transactions, easily change your PIN at any time, and enable or disable online payments, overseas retail payments, payWave, and overseas ATM withdrawals all within the app
It's easy to get started with Merchantrade Money - just apply online or walk into a Merchantrade branch near you!
To apply online, simply follow these steps:
1. Click here to get Merchantrade Money.
2. Verify your identity with your Malaysian NRIC/PR and a selfie.
3. Top up your balance with any Malaysian bank account.
4. Receive your prepaid card within five to seven working days.
5. Activate your card via the Merchantrade Money app.
1. Visit the nearest Merchantrade branch or an official Merchantrade appointed agent.
2. Be sure to bring along your identification documents
(Malaysian NRIC, passport, visa, etc).
3. Top-up a minimum of RM100 into your card to start using Merchantrade Money.
There are so many ways to enjoy Merchantrade Money! Check out the official website to find out more.
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