Instarem vs Paysend
Instarem
instarem.com
Paysend
paysend.comSide by side
| Figure | Instarem | Paysend |
|---|---|---|
| Price from | Free | — |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | — | Yes |
| Plans published | 2 | 3 |
| Spec score · Money Transfer Apps | 8.7 (#12) | 8.8 (#10) |
| Fees | Personal transfer fees vary by sending amount, currency, payment method, and receiving country and method. | Paysend charges a fixed per-transfer fee that varies by country and delivery method; currency conversions include an exchange-rate margin, and third-party fees may apply. |
| Upfront fee display | Yes | Yes |
| Founded | 2014 | LinkedIn lists the company as founded in 2017. |
| Headquarters | Singapore | Edinburgh, Scotland, United Kingdom |
| Mobile platforms | both | both |
| Security | Instarem says it uses encryption in transit and at rest, regular vulnerability assessments, external penetration tests, and AWS Cloud security controls. | Paysend’s security article says transfers follow Visa, Mastercard, China UnionPay, FCA, and PCI DSS standards. |
| Transfer limits | Transfer limits depend on the sending and receiving countries, and users can check the applicable limit in the app. | Limits depend on the customer’s verification tier and country, and additional ID verification may raise them. |
| Transfer speed | instant | instant |
| Transfer tracking | Yes | Customers can track transfers, and the app provides notifications when money arrives. |
Plans
Paysend
- Personal international transfer$1.99, paid once
- Enterprise Payout APIPriced on request
- International money transfersPrice not published
In their own words
Instarem
Instarem provides international money transfers for individuals and cross-border payments for businesses. Personal users can send money to more than 60 countries, see fees upfront, and track transfers in real time. Fees vary by sending amount, currency, payment method, and destination and receiving method. Transfers are typically processed instantly or the same day after funds arrive, but can take up to two business days depending on destination and payment method. The service is available on Android, iOS, and the web; the mobile app includes Quick Send for frequent recipients and support by query or live chat. Businesses can pay overseas suppliers or employees across more than 160 countries. They can upload Excel payment and recipient details for up to 1,000 transactions in one go in listed markets. Business accounts also offer virtual cards with spending limits and real-time expense tracking. Instarem says it is licensed and regulated in 11 jurisdictions and uses encryption in transit and at rest, vulnerability assessments, external penetration tests, and AWS Cloud security controls. Personal and business account registration is free, but transaction fees apply.