Siraad is currently in beta. By using the service you accept these terms.
Siraad (siraad.net / app.siraad.net) is a digital payment platform operated as an enskild firma (sole trader) registered in Sweden. Siraad enables registered users to transfer money between Siraad accounts and access related financial tools.
To use Siraad you must:
Transfers between verified Siraad accounts are processed instantly with a $0 transfer fee. The $0 fee applies only to transfers between Siraad accounts. Card top-up, withdrawals and merchant payments may have fees — see the Fee Schedule below.
You may not use Siraad for:
You are responsible for keeping your PIN and password secure. Siraad will never ask for your PIN by phone, email or chat. Report unauthorised access immediately to hello@siraad.net.
Siraad is provided as-is during beta. We do not guarantee uninterrupted service. We may suspend or terminate accounts that violate these terms.
These terms are governed by Swedish law. Disputes shall be resolved in Swedish courts.
Your data is stored on secure AWS servers in the EU (Stockholm, eu-north-1 region). KYC documents are transmitted by encrypted email to our compliance team and are not stored on our servers long-term.
We do not sell your personal data. We may share data with:
Under GDPR you have the right to access, correct, or delete your personal data. Contact hello@siraad.net to exercise these rights. We will respond within 30 days.
Transaction records are retained for 5 years as required by Swedish financial law. Account data is deleted within 90 days of account closure upon request.
⚠️ Siraad takes anti-money laundering obligations seriously. We cooperate with relevant authorities upon lawful request and reserve the right to suspend accounts where concerns arise.
All users must verify their identity before sending money. Verification requires:
Verification is reviewed by our team within 1–2 business days.
All transactions are logged and reviewed. We may temporarily hold or request information about transactions that appear unusual or inconsistent with a user's profile.
Siraad operates in compliance with Swedish AML principles. We cooperate fully with law enforcement and regulatory authorities upon lawful request. We reserve the right to report suspicious activity to Finanspolisen where we have reasonable grounds to do so.
Siraad performs manual review of user registrations and reserves the right to reject, suspend or freeze accounts that raise compliance concerns. We do not knowingly provide services to sanctioned individuals or entities. We cooperate fully with law enforcement upon lawful request.
The $1,000/month sending limit for verified users is part of our risk management framework during the beta phase. Limits are enforced at the application and server level. Limits may change as Siraad develops its compliance infrastructure.
All fees are shown before you confirm any transaction. You can always cancel before confirming.
Add funds via Visa or Mastercard in your own currency. You enter the USD amount you want in your wallet — the processing fee is added on top and charged to your card.
A 1% fee is deducted from your cash-out amount. The exact amount you will receive is shown before you confirm — you can always cancel.
A processing fee is charged to the merchant, not to the sender. As a customer paying a merchant, there is no fee on your end.
Siraad uses minimal browser storage:
The session data stored in localStorage is essential for the app to function — it keeps you logged in between sessions. You can clear this at any time by logging out or clearing your browser storage.
Our payment provider may use essential cookies for fraud prevention during card payments.
Company: Siraad
Registered in: Sweden
Email: hello@siraad.net
Website: siraad.net
Support: WhatsApp
For data access requests, account deletion, or compliance questions — email hello@siraad.net. We respond within 2 business days.