Instarem vs WorldRemit Business: Which is better for your Business?
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Choosing the right business account can significantly impact how you manage your finances. Here’s a comparison between Instarem business and WorldRemit Business, focusing on their features, pricing, business card options, and more, to help you decide which one suits your needs best.
| Instarem | WorldRemit Business | |
|---|---|---|
| Features | Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, fund transactions seamlessly with Visa or Mastercard® credit cards | Primarily focused on international money transfers with options like bank transfers, cash pickup, mobile money, and airtime top-up |
| Pricing | No monthly fees, no fees for cross-currency payments | Charges a small fee per money transfer; no fees on a customer’s first transfer |
| Business Cards | Virtual prepaid Mastercard® with FX savings and customized spending controls | Not specified |
Instarem vs WorldRemit Business: Key Features
| Instarem | WorldRemit Business | |
|---|---|---|
| Supported Currencies | Pay in 40+ currencies | Supports transfers to over 130 countries |
| International Payments | Pay to 160+ countries | Offers international money transfers with various delivery options |
| Accounting Software Integration | Integrates with Xero, QuickBooks, and other platforms | Offers reporting tools and integrates with various e-commerce platforms |
| Business Debit Cards | Virtual prepaid card with FX savings | Not specified |
| App | Mobile-web compatibility | Mobile app available for sending money on the go |
Both options offer robust features. Instarem stands out with its ability to hold and exchange multiple currencies and process up to 1,000 payments, while WorldRemit excels in providing diverse international payment delivery options. The best choice depends on your business’s specific needs.
Instaremvs WorldRemit Business: Pricing
| Instarem | WorldRemit Business | |
|---|---|---|
| Account Opening Fee | No fees | Not specified |
| Monthly Subscription | No fees | Not specified |
| Currency Exchange Fees | Mid-market rate; no fees | Exchange rates include a markup; fees vary depending on the delivery method |
| Money Transfer Fees | $0 fees for cross-currency payments | Charges a small fee per money transfer; no fees on a customer’s first transfer |
| FX Fees | Mid-market rate; no fees | Exchange rates include a markup |
Instarem offers a competitive structure with no monthly fees and no fees for cross-currency payments, utilizing mid-market exchange rates. WorldRemit charges a small fee per money transfer, with no fees on a customer’s first transfer; however, their exchange rates include a markup. Consider your transaction volume and frequency to determine which pricing structure is more cost-effective.
Instarem vs WorldRemit Business: Business Cards
| Instarem | WorldRemit Business | |
|---|---|---|
| Physical Card | Soon | Not specified |
| Virtual Card | Available for Google Pay and Apple Pay | Not specified |
| Custom Card | Not available | Not specified |
| ATM Withdrawal | Soon | Not specified |
Instarem offers virtual prepaid Mastercard® with FX savings and customised spending controls, available for Google Pay and Apple Pay. Physical cards and ATM withdrawal options are coming soon. WorldRemit’s business card offerings are not specified.
See how Instarem compares
| Instarem | |
|---|---|
| Features | Hold and exchange multiple currencies, send real-time payments, secure transactions, process up to 1,000 payments, and fund transactions seamlessly with Visa or Mastercard® credit cards |
| Pricing | No monthly fees and no fees for cross currency payments |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls |
Getting started with Instarem is easy
- Click here to get a free Instarem business account
- Enter your company details
- Once approved, add beneficiary details, saved for future transfers
- Select a payment method and we’ll show you rates and fees upfront
Register with Instarem business today
Take control of your business finances with Instarem. Enjoy competitive exchange rates, streamlined payments, and fast & secure transactions.
