Manage Your Rates on the Latest Version of the Biz4x Mobile App

4xLabs - 04/06/2018

The Biz4x mobile app was developed with the intention of allowing money service operators to manage and monitor the core features of the Biz4x business management platform from the convenience of their mobile devices. The first version of the mobile app provided users with real-time market data, so they could make accurate business decisions when it came to the trading of currencies.

Today, we are pleased to announce that we are finally bringing yet another core feature to Biz4x Mobile - the ability to update and manage Your Rates.

What are Your Rates?

Here's a quick refresher on what Your Rates are all about. Your Rates are the Buy and Sell rates of different currencies that money service operators will provide to customers for their reference. Through Biz4x, businesses can choose to display their rates on an online money services businesses directory known as Get4x to gain more customers. They can also opt to display their rates on a rateboard, which can be displayed both online or on a physical display at an actual retail store, as well as other partner directories.

If you'd like to promote your rates on Get4x, contact your account manager or support@biz4x.com to set-up your currency exchange outlet online. Once your outlet has been set up on Get4x, you will be able to update your rates on the directory. Your base currency will be the local currency of the place where your business is registered.

The ON and OFF buttons on the top right of the screen allow you to activate and deactivate all your rates across all selected channels at one go. The grey D button means that all your rates will be reset to the default margin that has been specified for all your rates.

You can turn on or off each Buy or Sell rate for every currency individually through the indicators above each rate.

Rates can be updated manually, by tapping the rate directly and entering a new rate.

As you can see in the example below, rates can also be disabled. In this instance the Sell rate for AOA has been disabled.

Your rates on Biz4x Mobile App

Add a new currency to the list by tapping on the circular blue + button on the bottom right of the screen. A list of currencies you can add will appear. Type in the currency code on the search field, or scroll down the list and tap on your selected currency.

Your rates on Biz4x Mobile App

You will see a currency settings screen for that currency where you can select a default profit margin, direction (normal or inverse), unit and precision in terms of decimal places for the currency. Disabled rates, where the indicator is grey, will not appear on the main Your Rates screen or rateboard. A green indicator for Active means that the rates are live on the channels you have selected. You can configure your Buy and Sell rates by switching between the different tabs.

Your rates on Biz4x Mobile App

Selecting the channel tab allows you to choose between the different customer acquisition channels where you wish for your rate to be displayed. Click on the blue Create button at the bottom of the screen once you are satisfied with your set-up and the rates as well as channels where they are displayed will be updated accordingly.

Your rates on Biz4x Mobile App

Once a rate has been created, you can also edit the rate or access currency settings by clicking on the dotted line that is aligned with each currency to the right of the screen. This will open up a menu at the bottom of the screen, where you can choose to Edit Currency or delete the currency.

Your rates on Biz4x Mobile App

Tap on the three parallel lines on the top left of the screen and another menu will be launched where you can switch between different outlets. If you have more than one outlet set up on Biz4x and Get4x, you can create a different set of rates for each outlet.

Your rates on Biz4x Mobile App

If you have any questions about using Biz4x mobile, please reach out to us at support@biz4x.com, and we will be happy to give you a demo or assist in setting up your account or rates! The latest version of Biz4x Mobile can be downloaded from Google Play and the App Store.