If you’re depositing EUR or GBP into your Moreta wallet, you’ll send a bank transfer using either SEPA (for EUR) or UK Faster Payments (for GBP). Once we receive your transfer, we’ll convert the funds into USD using the mid-market exchange rate + a spread of 0.5%, also known as the bank buy-rate.
Your funds will then appear in your Moreta wallet as USD, ready to use for payments and other supported features.
Quick Summary:
EUR → SEPA transfer
GBP → Faster Payments transfer
Converted to USD at the mid-market rate + 0.5% spread
Your wallet balance is held in USD
This process allows you to use your local bank account in Europe or the UK to load your Moreta wallet, without needing a U.S. account or card. It’s fast, transparent, and designed to work seamlessly while you travel.