Anyone using this Merchantrade money VISA prepaid card? Signed up when visited MATTA fair.

https://www.merchantrademoney.com

The benefit of this wallet is you can buy the foreign currencies with cheaper rate before you going to oversea and spend.


Promotion:
https://www.merchantrademoney.com/news-promotions/


What is a Multi-Currency Wallet?
A Multi-currency wallet is one of the features of the Merchantrade Money VISA Prepaid Card where you can pre-load up to 20 different foreign currencies. The available foreign currencies are US Dollar (USD), Singapore Dollar (SGD), British Pound (GBP), Australia Dollar (AUD), Indonesia Rupiah (IDR), Euro (EUR), Thai Baht (THB), Japanese Yen (YEN), Saudi Riyal (SAR), Chinese Renminbi (CNY), New Taiwan Dollar (TWD), Hong Kong Dollar (HKD), South Korean Won (KRW), Indian Rupee (INR), Philippines Peso (PHP), Canadian Dollar (CAD), New Zealand Dollar (NZD), United Arab Emirates Dirham (AED), Swiss Franc (CHF) and Vietnamese Dong (VND). The default currency is Ringgit Malaysia (MYR). This feature allows you to pay in the local currency of the country you are visiting, as long as you have pre-loaded your card with sufficient funds before travelling abroad or shopping online.

You can exchange MYR with the listed 20 foreign currencies or exchange any of the listed 20 foreign currencies to MYR via Mobile Application and Web Portal.
The foreign exchange rates can be found in Mobile Application and Web Portal.

The maximum amount you can exchange and store will be based on your card’s overall wallet size in Ringgit Malaysia (MYR). The total cumulative value of your multi-currency wallets must not exceed your card’s overall wallet size in Ringgit Malaysia. Transactions made in any of the 20 listed foreign currencies supported by Merchantrade Money VISA Prepaid Card but with insufficient available balance, the value of the transaction will be processed using respective Listed Currency Wallet(s) in the following order of priority: MYR, USD, SGD, GBP, AUD, IDR, EUR, THB, YEN, SAR, CNY, TWD, HKD, KRW, INR, PHP, CAD, NZD, AED, CHF and VND at conversion rate set by VISA international. The number of listed currencies available may vary from time to time.

What are the benefits of the Card?
Benefits include the following:
a) Enjoy peace-of-mind of not having to carry physical cash, especially when you shop or travel overseas.

b) Convenience in making payments for goods and services at more than 120,000* VISA merchant in Malaysia and 46 million* VISA merchant locations worldwide.

c) Cash withdrawals at Merchantrade branches, participating agents as well as more than 11,000* VISA Plus ATMs in Malaysia and more than 2.5 million* worldwide.

d) Access to a range of services 24 hours a day including convenient management of your funds through Merchantrade Money web service.

e) No hidden forex or cross-currency charges for the listed currency wallet(s) if Cardholder makes payment for overseas purchases using their stored corresponding foreign currencies in the wallet.
(*Note: The figures shown are approximate as at June 2018 and may vary from time to time).

This post has been edited by lkwah86: Apr 16 2019, 11:04 AM

I signed up because it has promotion 50% cashback for the first spend at that time.

I think this card good for travelers. Besides that, I seldom using this card.

You can start to check the currency rate, buy it when you think is good rate.
Can set rate alert in the app.

Cannot

yaya, bugs may be... need to tell the developer

1) Register online or via the Merchantrade Money app.
2) Verify your identity with your Malaysian NRIC/PR and a ‘selfie’.
3) Top up with any Malaysian online bank account (FPX).
4) Receive your card at your doorstep within 5-7 days.
5) Activate your card online or via Merchantrade Money app.

now they introduced referral rewards program

yes, you're correct.

Exchange the foreign currency anytime in the wallet, use it in oversea... It will deduct from the multi currency wallet in foreign currency.
Good to have it if you plan to go oversea next few months/year.
If your foreign currency not able to finish, can sell to exchange back to MYR.

RM10 for overseas withdrawal...
Not sure Japan ATM has extra charges or not

you are correct.

https://www.merchantrademoney.com/how-it-works/
https://www.merchantrademoney.com/fees/

You can withdraw yen from the ATM in Japan if you already exchange yen in the wallet.
If you do not have enough yen, it will be deduct from your MYR wallet.

This post has been edited by lkwah86: Aug 20 2019, 10:46 AM

Depends on the time you buy the currency, can buy anytime on merchantrade, there is a flexibility
Bigpay can withdraw 100,000 yen, better

This post has been edited by lkwah86: Aug 21 2019, 03:27 PM

max limit to withdraw in Japan only 20,000 yen using Merchantrade VISA?

Remit money overseas in the app

https://www.merchantrademoney.com/move-your...chantrade-money



This post has been edited by lkwah86: Oct 30 2019, 03:45 PM

you can try their e-forex service to exchange currency

Merchantrade Receives BNM Approval to Increase E-Wallet Limit Size to RM 20,000

https://fintechnews.my/23009/e-wallets-mala...ze-to-rm-20000/

Not able to use credit card to top up

I saw USD in multi currency wallet

Deleted... Double post

This post has been edited by lkwah86: Mar 12 2020, 12:00 PM

ohh... I think so
you call their CS to confirm

https://www.eremit.com.my/home