InstaReM vs Payoneer - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like InstaReM and Payoneer have emerged as leading choices. Both InstaReM and Payoneer online platforms offer efficient and cost-effective and secure international money transfers from InstaReM and Payoneer.

We compare InstaReM vs Payoneer into the unique features and benefits that distinguish InstaReM vs Payoneer, empowering you to make an informed decision based on your specific transfer needs like InstaReM vs Payoneer fees, currencies available, available payment methods on InstaReM compared to Payoneer, support options offered by InstaReM vs Payoneer, speed and more.

InstaReM vs Payoneer: Quick Feature Comparison

  1. Visit InstaReM alternative InstaReM Visit InstaReM

    Used By: 130000000
    Currencies Available: 11
    Transfer Fees: 0%-1%
    Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
    Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
    Year Founded: 2014

  2. Visit InstaReM alternative Payoneer Visit Payoneer

    Used By: 4000000
    Currencies Available: 7
    Transfer Fees: 0.50%
    Payment Methods: ACH Bank Debit, local bank transfer and credit/debit card payment
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: 50 USD
    Max Transfer: 5000 USD
    Year Founded: 2005

InstaReM vs Payoneer: Pros and Cons

InstaReM vs Payoneer
Advantages

InstaReM Advantages Payoneer Advantages
  • InstaReM is well rated among clients.
  • InstaReM is available internationally.
  • InstaReM has multiple currency options.
  • InstaReM provides phone customer support.
  • InstaReM provides email customer support.
  • InstaReM is available to iOS Apple device users.
  • InstaReM is available to Android mobile device users.
  • Payoneer has been in operation for over 19 years.
  • Payoneer boasts a high rating for sending money.
  • Payoneer operates in numerous international countries.
  • Payoneer offers an extensive range of currency options for money transfers.
  • Payoneer provides phone support.
  • Payoneer offers registered customers email support.
  • Payoneer has a Apple iOS app on Apple app store.
  • Payoneer offers a Android Google Play Store mobile app.

InstaReM vs Payoneer
Disadvantages

InstaReM Disadvantages Payoneer Disadvantages
  • InstaReM has no PayPal support.
  • InstaReM has no Neteller payments support.
  • InstaReM has no Skrill payment support.
  • InstaReM does have a mobile digital wallet like some others.
  • No home delivery with InstaReM.
  • No cash pickups with InstaReM.
  • No money order support with InstaReM.
  • No live chat support with InstaReM.
  • Payoneer has no PayPal option.
  • Payoneer has no Neteller option.
  • Payoneer has no Skrill option.
  • No digital wallets with Payoneer.
  • No Payoneer home delivery.
  • No Payoneer Cash pickups.
  • No Payoneer money order option.
  • No Payoneer Livechat.

InstaReM vs Payoneer Fees and Other Costs

Fee type InstaReM Fees Payoneer Fees
Transfer Fees 0%-1% 0.50%
Min Transfer $1 (minimum sending amounts could differ based on certain currency pairs) 50 USD
Max Transfer No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country) 5000 USD
Payment Methods bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents) ACH Bank Debit, local bank transfer and credit/debit card payment
Currencies AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD USD, EUR, GBP, CAD, AUD, JPY, CNH

InstaReM vs Payoneer Restricted Countries

InstaReM Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

Payoneer Country Restrictions

Afghanistan, Aland Islands, American Samoa, Angola, Anguilla, Antarctica, Antigua and Barbuda, Barbados, Belize, Benin, Bhutan, Bonaire (including Sint Eustatius and Saba), Bouvet Island, British Indian Ocean Territory, Burkina Faso, Burundi, Cape Verde, Central African Republic, Chad, Cocos (Keeling) Islands, Comoros, Congo, Democratic Republic of, Congo, Republic of, Cook Islands, Crimea, Cuba, Curacao, Djibouti, Equatorial Guinea, Eritrea, Faroe Islands, Fiji, French Guyana, French Polynesia, French Southern Territories, Gabon, Gambia, Greenland, Grenada, Guadeloupe, Guinea, Guinea-Bissau, Guyana, Haiti, Heard Island and Mcdonald Islands, Holy See (Vatican City State), Iran, Iraq, Ivory Coast (Cote d'Ivoire), Japan, Kiribati, Kosovo, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Liberia, Libya, Macao, Mali, Marshall Islands, Martinique, Mauritania, Mayotte, Micronesia, Federated States of, Montserrat, Myanmar, Namibia, Nauru, New Caledonia, Niger, Niue, Norfolk Island, North Korea, Northern Mariana Islands, Palau, Palestinian Territory, Papua New Guinea, Reunion, Pitcairn, Rwanda, Saint Barthelemy, Saint Helena, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Sao Tome e Principe, Seychelles, Sierra Leone, Sint Maarten, Solomon Islands, Somalia, South Georgia and the South Sandwich Islands, Sudan (North and South), Suriname, Svalbard and Jan Mayen, Syria, Tajikistan, Timor-Leste, Togo, Tokelau, Tonga, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Vanuatu, Venezuela, Wallis and Futuna, Western Sahara, Western Samoa, Yemen, Zimbabwe, Crimea, Cuba, Iran, Libya, North Korea, South Sudan, Sudan, Syria

InstaReM vs Payoneer Transfer Speeds

Transfer Speed InstaReM Payoneer
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

InstaReM vs Payoneer Languages

InstaReM Supported Languages

English

Payoneer Supported Languages

InstaReM vs Payoneer Verdict - Which is better?

Which is best out of InstaReM and Payoneer depends on your needs.

  • InstaReM vs Payoneer Transfer Fees: Transferring money with InstaReM costs 0%-1% while Payoneer charges 0.50%.
  • InstaReM vs Payoneer Supported Currencies: InstaReM deals in over 1, where as Payoneer offers transactions in 1.
  • InstaReM vs Payoneer Payment Methods: InstaReM accepts bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents), while Payoneer allows transactions via ACH Bank Debit, local bank transfer and credit/debit card payment.
  • InstaReM vs Payoneer Transfer Limits: InstaReM allows transfers between $1 (minimum sending amounts could differ based on certain currency pairs) and No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country). Payoneer's range is 50 USD to 5000 USD.
  • InstaReM vs Payoneer Minimum Age for Account Creation: InstaReM requires users to be at least 18 years old, where as Payoneer has a minimum age requirement of 18.
  • Contact Number: You can reach InstaReM at 07 3053 8888 and Payoneer at +1 800-251-2521.
  • InstaReM vs Payoneer Countries of Operation: InstaReM operates in over 1 countries but has restrictions in over 1 countries. Payoneer serves 1 countries and restricts operations in 1 countries.
  • InstaReM vs Payoneer Client Base: InstaReM is used by 130,000,000, where as Payoneer serves 4,000,000.
  • InstaReM vs Payoneer Year Founded: InstaReM was established in 2014 and Payoneer began its operations in 2005.
  • InstaReM vs Payoneer Customer Rating: InstaReM holds a rating of 4, in contrast, Payoneer has a rating of 3.
  • InstaReM vs Payoneer Headquarters: InstaReM has its headquarters at Singapore, while Payoneer is based at New York (US).
  • InstaReM vs Payoneer Employee Count: InstaReM employs 200 individuals, where as Payoneer has a team of 2.
  • InstaReM vs Payoneer Estimated Annual Turnover: InstaReM turnover stands at 10100000, while Payoneer boasts a turnover of 110900000.
  • InstaReM vs Payoneer Founder: InstaReM was founded by Sreya Dasgupta, holding the position of Product Owner. On the other hand, Payoneer was the brainchild of Charles Rosenblatt, currently holding the position of Chief Strategy Officer.
  • InstaReM vs Payoneer Supported Languages: InstaReM offers support in over 1 languages. Payoneer communicates in 1.

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InstaReM vs Payoneer Alternatives Guides

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Screenshots

InstaReM Screenshot

InstaReM Screenshot

Payoneer Screenshot

InstaReM Screenshot