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

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

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

InstaReM vs Placid: 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 Placid Visit Placid

    Used By: 500000
    Currencies Available: 10
    Transfer Fees: none
    Payment Methods: debit ard, credit card, placid express
    iOS App : yes, Android App : yes

    LiveChat: yes
    Min Transfer: none
    Max Transfer: 2900 USD/day, 7000 USD/month, 20000 USD/3 months
    Year Founded: 1895

InstaReM vs Placid: Pros and Cons

InstaReM vs Placid
Advantages

InstaReM Advantages Placid 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.
  • Placid has been in operation for over 129 years.
  • Placid boasts a high rating for sending money.
  • Placid operates in numerous international countries.
  • Placid offers an extensive range of currency options for money transfers.
  • Placid provides phone support.
  • Placid offers registered customers email support.
  • Placid has a Apple iOS app on Apple app store.
  • Placid offers a Android Google Play Store mobile app.

InstaReM vs Placid
Disadvantages

InstaReM Disadvantages Placid 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.
  • Placid has no PayPal option.
  • Placid has no Neteller option.
  • Placid has no Skrill option.
  • No digital wallets with Placid.
  • No Placid home delivery.
  • No Placid Cash pickups.
  • No Placid money order option.
  • No Placid Livechat.

InstaReM vs Placid Fees and Other Costs

Fee type InstaReM Fees Placid Fees
Transfer Fees 0%-1% none
Min Transfer $1 (minimum sending amounts could differ based on certain currency pairs) none
Max Transfer No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country) 2900 USD/day, 7000 USD/month, 20000 USD/3 months
Payment Methods bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents) debit ard, credit card, placid express
Currencies AUS, SGD, HKD, INR, MYR, EUR, GBP, USD, CAD, JPY, NZD BDT, INR, IDR, NPR, PKR, LKR, PHP, VND, EUR, FIM

InstaReM vs Placid 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

Placid 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 Placid Transfer Speeds

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

InstaReM vs Placid Languages

InstaReM Supported Languages

English

Placid Supported Languages

InstaReM vs Placid Verdict - Which is better?

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

  • InstaReM vs Placid Transfer Fees: Transferring money with InstaReM costs 0%-1% while Placid charges none.
  • InstaReM vs Placid Supported Currencies: InstaReM deals in over 1, where as Placid offers transactions in 1.
  • InstaReM vs Placid Payment Methods: InstaReM accepts bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents), while Placid allows transactions via debit ard, credit card, placid express.
  • InstaReM vs Placid 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). Placid's range is none to 2900 USD/day, 7000 USD/month, 20000 USD/3 months.
  • InstaReM vs Placid Minimum Age for Account Creation: InstaReM requires users to be at least 18 years old, where as Placid has a minimum age requirement of 18.
  • Contact Number: You can reach InstaReM at 07 3053 8888 and Placid at 1-718-392-3500.
  • InstaReM vs Placid Countries of Operation: InstaReM operates in over 1 countries but has restrictions in over 1 countries. Placid serves 1 countries and restricts operations in 1 countries.
  • InstaReM vs Placid Client Base: InstaReM is used by 130,000,000, where as Placid serves 500,000.
  • InstaReM vs Placid Year Founded: InstaReM was established in 2014 and Placid began its operations in 1895.
  • InstaReM vs Placid Customer Rating: InstaReM holds a rating of 4, in contrast, Placid has a rating of 3.
  • InstaReM vs Placid Headquarters: InstaReM has its headquarters at Singapore, while Placid is based at New York, US.
  • InstaReM vs Placid Employee Count: InstaReM employs 200 individuals, where as Placid has a team of 250.
  • InstaReM vs Placid Estimated Annual Turnover: InstaReM turnover stands at 10100000, while Placid boasts a turnover of 20,000,000 USD.
  • InstaReM vs Placid Founder: InstaReM was founded by Sreya Dasgupta, holding the position of Product Owner. On the other hand, Placid was the brainchild of Marcy Miller,, currently holding the position of CEO.
  • InstaReM vs Placid Supported Languages: InstaReM offers support in over 1 languages. Placid communicates in 1.

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InstaReM vs Placid Alternatives Guides

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Screenshots

InstaReM Screenshot

InstaReM Screenshot

Placid Screenshot

InstaReM Screenshot