What Is Merchantrade Money Biz And How Does It Help Businesses Track Expenses?

 

Expense management, tracking, and financial operations—these aren’t exactly topics that get pulses racing. For employers, the focus is on gaining better control over business expenses, aiming to reduce spend and save on operational costs. Meanwhile, employees simply want to make business payments smoothly and get reimbursed promptly, without the headaches of traditional processes.

No matter the scale of your operations, Merchantrade Money Biz can digitally transform these mundane tasks for Malaysian businesses and save money and time in the process. 

 

What is Merchantrade Money Biz?

Merchantrade Money Biz is a comprehensive solution featuring three innovative tools, a Visa Business Prepaid Card, a Multi Currency eWallet & an Expense Management portal.

It digitally transforms business expenses, so monitoring and management are easier for admins or finance teams. Through its innovative pairing of cards and e-wallet, Merchantrade Money Biz offers versatile cashless payment that empowers employees with payment agility, greater transparency and accountability.

 

Key Components of Merchantrade Money Biz 

i) Visa Business Prepaid Cards

Issue corporate cards with custom spend limits and categories to employees for company expenses while exercising better budget control.

ii) eWallet

Malaysia’s first eWallet with multi currency feature and live exchange rates. Purchase over 20 major currencies with locked-in rates and pay in native currencies. Plus, you’ll never have to pay additional conversion fees again.

iii) Expense Management portal  

A finance command portal for managing expenses, including card security, spend categories, funding, tracking, reporting, and more.

How Different Industries Have Benefited From One Comprehensive Solution 

Estate Plantation Industry 

Previously, companies struggled with large cash withdrawals to issue petty cash to estate managers. This raised security and expense tracking issues for each manager.  

With Merchantrade Money Biz, the admin person simply customizes spend limits and categories for each Visa Business Prepaid Card before issuing them to each estate manager. This makes it safer for them to spend on medical fees for their foreign workers. All card transactions are reflected in real-time on the expense management portal, making it easy for admin to track expenses and manage budgets.

Hospitality Industry

Hotels often deal with fluctuating currency exchange rates. This means unpredictable expenses when importing goods and making payments to foreign suppliers, among other things. In addition to dealing with overspending, the hotel must manually reconcile expenses and claims. This exacerbates spending and accounts issues, leading to administrative headaches that never seem to end. 

After adopting Merchantrade Money Biz, buying foreign currencies is easy with the multi currency eWallet. The company locks in the rates at any time they like, then use the Business Prepaid Cards to transact or make international payments without additional conversion fees.

Interested in use cases for other industries? Read about them in our Blog.

 

Uncompromised Security For Maximum Expense Efficiency  

Admins will love the use of the expense management portal. It frees them from tedious manual processes while helping to protect company funds.

The Safer Alternative to Corporate Credit Cards 

Prepaid cards offer all the card functionalities of bank credit cards without the worry of overspending, overdraft fees, credit card interest charges, or potential fraud. Just spend from preloaded amounts on the prepaid cards and track.

Real-time Expense Tracking

Admins receive real-time transaction updates on the portal, so they are able to detect and put a stop to any unauthorized activity quickly. 

Extensive Card Security

An additional layer of security lies inside the eWallet’s card security settings. Admins can freeze or block individual cards to prevent unauthorized transactions at any time.  

 

Dedicated Customer Support

Our customer support system ensures you receive prompt and effective assistance from Merchantrade Money Biz sales reps. From nationwide onboarding and training, to after sales support, our team is quick to attend to any issue, thus ensuring your business receives the exact assistance you require.

Pricing for Different Business Accounts

There are different subscriptions under Merchantrade Money Biz’s Business Accounts: Black, Premium, or Prestige. Monthly subscription fees start from only RM5. In addition to that, there is a service fee of RM20 (RM10 joining fee and RM10 annual fee) which is fully refundable. As your business’s requirements expand, you can always opt for a higher-tier plan that provides additional benefits and capabilities. 

Unlocking the Future of Business Expenses with Merchantrade Money Biz

Revolutionizing expense management is now easier for Malaysian businesses of all sizes. With with all-in-one expense management solution that powers and streamlines payments, you can leave manual payments and reimbursement processes behind. Grow your business with a proven payments solution that makes it easier to keep track of expenses and enhance financial control. Focus on strategic operations, knowing you have the full support of Merchantrade Money Biz team behind you. 

Ready to digitize and automate your business?

Register an account with Merchantrade Money Biz now.

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