How can we be sure that amount charged to my credit card shall be paid by Instarem to my beneficiary?
The amount charged to your designated credit card on Instarem is held in a “Client-held Settlement Account”. Instarem is a regulated entity in Australia, Hong Kong, Singapore and Malaysia, and the funds held in this account cannot be used for any other purpose other than transfer to the beneficiary nominated by you, as per your instructions on the platform. After the amount has been paid to your beneficiary, we provide full transaction details on our platform for your review and reconciliation, and we shall also send a remittance advice to your beneficiary for their records as well.
This service is available for clients in Australia, Singapore, Hong Kong and Malaysia.
Related FAQs
Which credit cards can I use for beneficiary payments? Do I have to sign up and open an account with Instarem to fund my payments via credit card? What are the benefits of using credit cards for business payments? What type of payments can I fund by card? Does Instarem allow to fund business payments via card? Why should my business consider locking FX rates? Why partner with Corpay for locking in FX rates? If I lock in a rate and a better one comes up later, can I switch? Is there a fee for locking FX rates? How does locking an FX rate work? What’s the difference between FX hedging and forward contracts?Didn’t find what you were looking for?
Have a Personal Instarem account?
- Log in to your account on the Instarem app or web.
- Go to your Profile section.
- Tap on Help Center.
- Search for the relevant topic.
- Raise a ticket or chat with us if you didn’t find what you were looking for.
Have a Business Instarem account?
- Log into your account on the Instarem business portal.
- Tap on Help.
- Search for the relevant topic.
- You can raise a ticket by:
- Clicking Submit a request at the top-right corner of the Help Centre page, or
- Clicking Raise a ticket after selecting a topic or FAQ.
- We’ll get back to you once your request is submitted.
