RedotPay Currency Account
Instant Access, Where Crypto Meets Cash: RedotPay Launches RedotPay Currency Account
What Is the RedotPay Currency Account?
Think of it as your operating balance inside RedotPay:
- Keep multi-currency balances (including stablecoins where supported).
- Swap/FX with a live quote before you confirm.
- Reload virtual/physical cards instantly for online, in-store, and ATM usage (fees/limits apply).
- Send/receive via P2P and Global Payout to local bank rails in supported markets.
Availability, currencies, and corridors vary by region and account tier. Always confirm inside the app.
Key Benefits
- Instant readiness: Keep a spend buffer ready; top up the card in seconds.
- One RedotPay Currency Account, many uses: Travel, subscriptions, payroll payouts, vendor payments.
- Transparent FX: See rates, spreads, and fees upfront—no surprises at settlement.
- Lower total cost: Route funds on low-fee networks, convert only at the edge when needed.
- Security by default: Passkeys/2FA, card freeze, MCC/region rules, and real-time alerts.
Core Features
- Multi-Currency Balances: Park value in your preferred base currency plus supported alternates.
- Live Swap/FX: Convert with pre-trade quotes; confirm or cancel in a tap.
- Card Reloads: Move from RedotPay Currency Account → card balance for virtual/physical card spend.
- P2P & Global Payout: Pay contacts or deliver to bank rails where supported (showing fees/ETA).
- Contacts, Tags & Notes: Save recipients, add memos (invoice #, purpose), and export statements.
How It Works
- Verify your account (KYC/KYB).
- Fund your RedotPay Currency Account (stablecoins or other supported rails).
- Swap/FX (optional) to your target spend currency with a live quote.
- Reload card for online/POS/ATM spend (where available).
- Send payouts to contacts or local bank accounts in supported corridors.
- Track & reconcile via Activity logs, tags, and downloadable CSV statements.
Everyday Use Cases
Travel-Ready Spending
Hold a base currency, reload card before checkout, and choose local currency at POS to avoid DCC markups.
Subscriptions & Online Shopping
Keep a small operating balance; use virtual cards with monthly caps and alerts.
Freelancers & Teams
Swap at tight spreads, then batch payout to contractors; attach memos for clean reconciliation.
Family Support & Remittances
Start with stablecoins, convert at the destination edge, and send via Global Payout with upfront fees/ETA.
Fees, Limits & Timing
- Swap/FX: Shown on the quote screen (rate + any spread/fee) before you confirm.
- Card reloads & ATM: Standard card/ATM fees and limits apply—check in-app.
- P2P & Payouts: Corridor-specific fees and estimated arrival are displayed pre-confirmation.
- Network fees: Keep transfers on low-fee networks for the transport leg.
Safety & Controls
- Passkeys (FIDO2/WebAuthn) for password-less, phishing-resistant approvals.
- Card privacy controls: mask details, MCC/region rules, per-transaction caps.
- Virtual cards: disposable numbers for trials/untrusted merchants.
- Alerts: approvals, declines, refunds, payout status, profile changes.
- Whitelists: save trusted recipients; test small amounts before larger transfers.
Pro Tips
- Convert at the edge: Move value on a cheap chain, then swap only when needed.
- Keep a buffer: Allow for pre-authorizations (hotels/rentals) and small FX variances.
- Batch payouts: Fewer, larger runs reduce fixed costs and admin time.
- Memo/tag everything: Speeds up disputes, audits, and tax prep.
- Local currency at POS: Always decline DCC for fairer rates.
FAQs
Which currencies are supported?
It varies by region/tier. The app shows your current list and limits.
Does the RedotPay Currency Account replace my card balance?
No—it feeds your card balance. Reload when you’re ready to spend.
Is there a minimum balance?
Minimums vary; any applicable thresholds appear in-app before you confirm.
Can businesses use it?
Yes—KYB accounts can maintain operating balances, swap, and run payouts (where supported).
Will passkeys replace 2FA?
Passkeys are strong auth; keep a fallback method enabled.