(4.4 / 5)1519+ Ratings

Instarem Reviews

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Overall Rating

4.4
23 Reviews
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About Instarem

Instarem is a global digital cross-border payments platform that enables individuals and businesses to send, spend, and receive money internationally. The mission is to simplify the complexities of cross-border transactions. Instarem provides innovative solutions that empower SMEs and individuals to transcend traditional financial boundaries.

The platform offers a wide range of payment services grouped into three categories: Send, Spend and Receive. It was initially designed to offer expats a cost-effective way of sending money home. Later, in October 2019, Instarem became a part of Nium, an embedded finance platform.

Instarem uses competitive rates for currency exchange. It allows customers to make international payments direct to bank accounts in 55 countries around the world. The setup for the transfer can be done online or in the Instarem app. Once the money is received by Instarem, it’s deposited in the recipient’s account in their local currency.

One interesting feature of Instarem accounts is that users can earn reward points when they send money. These points can be redeemed on a future transaction. Users also get points when they open their account in the first place, and whenever they refer a friend to the service.

In addition to personal payments, business services are also available, including payments to 170+ countries and multi-currency holding accounts. The platform is the go-to solution for SMEs that need to move money quickly, reliably, and at a lower cost than traditional methods. So, whether you’re an individual looking to send funds overseas or a business in need of an efficient low-cost payment solution, Instarem has got you covered.

Instarem has received several awards and accolades for its services, including the Singapore Fintech Award, FinTech Rising Star Award, Outstanding Digital Cross-Border Money Transfer Service, Blockchain Innovator Award, Excellence in Payments, and Best Value International Money Transfer Provider Award.

Please note that the effectiveness of these features may vary based on individual needs and preferences.

Instarem Coupon & Discount Codes

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Instarem Customer Reviews (23)

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Varsàny Saári
Varsàny Saári
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Aug 25, 2023
Lara Almeida
Lara Almeida
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Aug 25, 2023
Jamai Markus
Jamai Markus
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Aug 24, 2023
Sarah Walton
Sarah Walton
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Aug 24, 2023
Angelique Gaillard
Angelique Gaillard
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Aug 24, 2023
Ingunn Eiríksdóttir
Ingunn Eiríksdóttir
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Aug 24, 2023
Fletcher Johnson
Fletcher Johnson
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Aug 23, 2023
Madeleine Wyatt
Madeleine Wyatt
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Aug 23, 2023
John Montoya
John Montoya
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Aug 22, 2023
Lisa Schweizer
Lisa Schweizer
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Aug 22, 2023

Instarem Customer’s Q&A

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Instarem Features and Benefits

Here are the key features and benefits of using Instarem:

  • Fast and Efficient Transfers: Utilizes advanced technology and partnerships with local banks to ensure swift and efficient money transfers.
  • Competitive Exchange Rates: Offers competitive foreign exchange rates, allowing users to maximize the value of their money.
  • Low Transaction Fees: The fees for transactions are low, making it a cost-effective option for international money transfers.
  • Multi-Currency Support: Supports multiple currencies, making it a versatile platform for users across different countries.
  • Dedicated Customer Support: Provides dedicated customer support to assist users with their queries and issues.
  • InstaPoints: Users can earn reward points when they send money, which can be redeemed against future transactions.
  • Business Services: In addition to personal payments, business services are also available, including payments to 170+ countries and multi-currency holding accounts.

Please note that the effectiveness of these features may vary based on individual needs and preferences.

About Instarem.com Payment Method?

Instarem.com supports a variety of payment methods tailored to the specific country of registration. For instance, customers in the United States can utilize ACH/Direct Debit, Debit Card, Credit Card, set up Instarem as Payee, or opt for a Wire Transfer. In Australia, payment options include PayID Transfer, Debit Card, Credit Card, and Bank Transfer. Similarly, in Singapore, users can pay via PayNow, Bank Transfer, Debit Card, and Credit Card. The platform ensures that these methods are secure and convenient for users, facilitating smooth and efficient transactions across different countries.

Instarem FAQs

FAQ

Instarem Alternatives

Here are the top 10 alternatives to Instarem:

  1. Twitter: A large photographer community with high user engagement. Supports higher-resolution images of up to 5MB for photos on mobile, and up to 15MB on the web.
  2. BeReal: An "anti-Instagram" that bans videos and only allows users to upload still photographs.
  3. Flickr: A popular platform for photographers.
  4. Tumblr: A microblogging and social networking site.
  5. Grainery: A new platform mentioned in the search results.
  6. GLASS: Another alternative platform.
  7. VSCO: A photography mobile app for iOS and Android devices.
  8. 500Px: A community for digital photography enthusiasts.
  9. Snapchat: Known for its Stories, disappearing messages, face filters, and more.
  10. Behance: A social media platform owned by Adobe, perfect for showcasing creative work.

Please note that the effectiveness of these alternatives may vary based on individual needs and preferences.

FAQ

About Instarem.com Popular Products and Services?

Instarem.com is recognized for its international money transfer services, which are fast, secure, and cost-effective. The platform caters to both individuals and businesses, facilitating transfers in over 60 countries. Among the popular services are fast overseas transfers, competitive foreign exchange rates, and a transparent fee structure with no hidden charges. Customers can send money from the USA to a wide range of destinations using simple and quick online processes. Additionally, Instarem offers a rewards program called InstaPoints, where users earn points on every transaction that can be redeemed for discounts on future transfers. For businesses, Instarem provides a global payment solution that promises speed and cost-efficiency. The service is particularly noted for its user-friendly platform and the ability to control international transactions with ease.

FAQ

Instarem.com Return Policy?

Instarem.com, being a digital money transfer service, does not have a shipping policy as it deals with electronic transactions rather than physical goods. Regarding the return policy, if a transfer is still pending, it can be cancelled and the money will be returned with no fee. This allows users to retract a transaction before it is completed, ensuring peace of mind in case of any errors or changes in transfer plans. It's important for users to check the status of their transfer and request a cancellation before the transfer is processed to avail this policy.

FAQ

How do I sign up for Instarem?

To sign up for Instarem, visit the Instarem website and select the Sign Up option. Choose whether the account is for an Individual or a Business. Enter the required details such as Email, Password, and the Country of residence. If available, input a Referral Code. Agree to the Terms & Conditions and Privacy Policy. After completing these steps, the account will be set up, and one can start making international money transfers. It's also possible to earn rewards on the first transfer if certain conditions are met.

FAQ

Can I use Instarem for business transactions?

Businesses can indeed utilize Instarem for international transactions. The service offers a secure, fast, and cost-effective solution for global payments, allowing businesses to pay overseas suppliers or employees across 160+ countries. The platform is designed to save money with great FX rates and low fees, without any setup or subscription fees, and no hidden charges. Transactions are often completed within the same day, making it up to 12 times faster than banks. Instarem for Business is part of NIUM, and prioritizes the security of cross-border payments, partnering with regulated financial institutions and tier 1 banks worldwide.

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