Sign into your InstaReM account and enter the following details: Your bank details. Note: Refunds are subject to certain conditions. Instarem Fees and Costs. Slightly increase the handling fee is understandable, but this unpredictability and inconsistency is very bad, inconvenient and cause trouble to customers. Their set condition however is that you should make contact within 24 hours of making your transaction. www .instarem .com. For example, if you are making a transfer from the US, there are only 19 currencies to choose from. InstaReM Offers a Rather Limited Coverage - you can send money from a total of eight countries, each with a different set of available currencies. This is a scam to steal your identity no doubt. 21B, LT-08130, Vilnius. InstaReM (powered by NIUM) has its registered office at Konstitucijos pr. Find more questions on this topic I use it regularly having researched many other banks and providers. . How much you wish your recipient to receive. Your currency route e.g. InstaReM initiates return of the funds back to originating account. After providing all the documentation I get an email saying "Due to internal policies they can't do my transfer and I'll have to wait 48-72 hours to get my refund". Account Settings Payments Questions Public - Providers Patient Payments. Sending money around the world just got a whole lot simpler with your Instarem app. GBP-AUD. Then when you do a transfer with your card, they cancel and require you to link your bank account to get a refund. If you have a specific reason for doing so, you may provide the reason. Our rigorous verification processes also guarantee that your . Instarem keeps your money in safe hands; your funds are held in accordance with Indian client money rules, meaning it is held in a segregated client account and not with Instarem's operating money. 1.1 The OPGSP Services are made available by NIUM INDIA PRIVATE LIMITED("NIUM") to certain institution, body, firm or incorporated corporation approved by NIUM ("You") subject to these terms and conditions. Send Currencies AUD CAD . Instantly Send & Receive money Internationally with Instarem's money transfer services. With our great FX rates, low fees and no hidden charges, we make sending and receiving money from overseas a breeze. Refund policies for certain international points of sale/regions. Answer (1 of 2): InstaReM is in fact the most cost-effective option. We operate a layer- and jargon-free policy, giving you total transparency and control over your money. Step 1. Typically, it takes anywhere between 24 and 72 business hours (excluding weekends and bank holidays) for the funds to reflect in your bank account once we process the refund. Don't do ANY business with these scammers! Instarem (short for Instant Remittance ), founded by Prajit Nanu and Michael Bermingham, is a Singapore-headquartered Fintech company offering digital cross-border money transfers to individuals and businesses." [2] Instarem is now a part of Nium. Instarem is the trading name of NIUM Inc., a subsidiary of NIUM Pte Ltd, which is the parent company of NIUM subsidiaries globally.NIUM Inc. operates in the United States under a program sponsored by Community Federal Savings Bank to which NIUM is a service provider (NMLS ID No. Competitive exchange rates and fees - Instarem's FX markup ranges between 0.37% to 0.95% and they charge transfer fees between 0.25% and 1%. Instarem has been rated as a cost-effective remittance provider in Australia by the World Bank. Next, read the instructions and select the Print Return Label button to print your shipping and any required hazmat labels. With an user-centric app interface and a loyalty program in place, it's great for businesses or individuals who frequently transfer funds abroad. - Track your transfers on the go Note: A maximum of 400 InstaPoints can be used on a single transaction 4. I wanted to transfer money from INR to USD. Then when you do a transfer with your card, they cancel and require you to link your bank account to get a refund. InstaRem mobile app - InstaReM has apps for iOS and Android. Keep in mind that if you use a credit card to pay for your transfer, your card provider may charge a cash advance fee in addition to Instarem's transfer fee. The Client submits a request for refund by contacting InstaReM via email or telephone. Global Policies For International Money Transfers. You can do so by contacting their team through email at [email protected] or via a call. Variable Exchange Rates - While the platform has mid-market exchange rates, it offers them only for certain currencies and at certain times of . Instarem (short for Instant Remittance) is a new money transfer provider providing low-priced, fast, and secure currency exchange services, especially in Asian countries. InstaReM refunds the amount if you cancel the transaction by contacting the team of InstaReM through email or call. Argentina. Instarem also charges a 2% fee for debit card transactions and a 3% fee if you use a credit card. You'll be able to model the payment you wish to make to see the costs, which are typically between 0.25% and 1% of the value of the transfer. The objective of the service is to provide timely alerts regarding the renewals of artifacts. In addition to being a cloud based free service, Instarem brings in a . 3.2.3. Check your InstaPoints balance - Check your InstaPoints or Coupon details applied before submitting the transaction 5. Get started in 3 simple steps: Register Add payee Set up a transfer APP FEATURES - Send money on-the-go 24/7, to 55+ countries across the world - Easy sign up and log in - Great FX rates - Low Transfer Fees - No Hidden Charges - Multiple payment and pay-out options including card, bank, and cash. Pros Low Transfer Fees: The percentage fees Instarem charges its clients range between 0.25% and 1%. Sending 1000EUR to India with a Debit Card payment would cost around 6EUR in fees, while on the other hand sending for example 1000USD to Philippines using InstaReM USA international transfer and paying for it via a bank . They provide up-front, transparent fees for currency transfers based on a low commission rather than a fixed fee. However, the exact rates vary from country to country. 1528562). Compose an email to operations@instarem.com. Sending money around the world just got a whole lot simpler with your Instarem app. Instarem is best suited for individuals who are looking to transfer funds to Australia, Europe, or within Asia. Click Send Money on your Welcome Screen 2. They do have competitive rates and compared to a few others, I have noticed they have a few of the best rates. On the next page, confirm the items from your order that you'd like to return and select the Initiate Your Return button. You can use the app to set up and track transfers. Where InstaReM could improve. If the game is eligible for a self-service refund, please click the "Refund" button to start the refund process. S$1,500 spend per quarter, capped at S$50 cashback per quarter), except exclusion categories Offline transactions charged to Amaze become online transactions for the underlying credit/debit card But once there's issues with a transaction, things can go south very quickly. Send money overseas made Easy & Simple with low cost money transfers and No hidden fees. Their customer service is really helpful and at. The OPGSP Services means the services provided by NIUM as an online payment The first transfer went fine. We provide a fast, convenient, and cost-effective way to transfer money across the globe compared to. Founded in 2014, Instarem lets people send international payments funded by bank transfers in over 55 currencies with exchange rates which beat the banks. How long does it take to receive funds after I process a patient payment? Nearby stores and banks for your loved one to pickup. From there, use the Start a Return link below your item and then click the Get Started button. 10/28/2020 9:22 PM. Instarem is the trading name of NIUM Inc., a subsidiary of NIUM Pte Ltd, which is the parent company of NIUM subsidiaries globally. However, some independent InstReM customer reviews on Trustpilot, Google Play Store and Apple App . Once logged in, instructions are available to void or refund a transaction from a receipt. Nium makes money on foreign currency conversion. Instarem is a no-brainer money-transfer service for small and medium businesses, and more than optimal for individuals as well. If you request a refund within 24 hours of receiving your order, you may receive a same-day refund. With InstaReM you'll pay a transaction fee which is based on the currency you're sending, and how you choose to arrange the payment. Initiate your transaction and enter the InstaPoints you wish to use. Refunds usually hit your bank or credit card account within 5-10 business days. 3.2 Cancellation and refund policy : 3 3.2.1. How to redeem InstaPoints? This makes Instarem a very good choice when it comes to raw pricing and rates. After providing all the documentation I get an email saying "Due to internal policies they can't do my transfer and I'll have to wait 48-72 hours to get my refund". Your money arrives exactly as promised or we'll refund your fees. Yes, indeed you can get a refund after cancelling an ongoing transaction with Instarem. Launched. The second time I get an email after 2 days asking me to provide additional documentation. The transfer amount. Recent 1-2 years sometime transfer very fast (within minutes), sometime very slow (1-2days), and sometime rejected/refunded after 2 days without giving any reason. State that you would like to delete your Instarem account. Last Published Date. You will received a reply from Instarem Operations once they have closed your account. August 2015. We provide a fast, convenient, and cost-effective way to transfer money across the globe compared to traditional money transfer methods. C#, Node.js, Java. Your personal information is always kept confidential and your funds are protected. Your recipient's bank details. Here's how to get started with InstaReM. Create an account using your email, Facebook or Google ID Complete the Know Your Customer checks by providing your email, mobile number, and documents to prove your identity and address Once your account is up and running you can model the payment you want to make to see the fees and exchange rates on offer Tip for consumers: Speed of transfers - InstaReM estimates that most of its transfers go through in 1 - 2 business days. On average, the fees range from 0.25% to 1%. This is known as the mid-market rate. InstaReM (powered by NIUM) website is www.InstaReM.com, e-mail support@InstaReM.com InstaReM (powered by NIUM) is the electronic money institution and has the license No. Don't do ANY business." Without informing the customer service within 24 hours of cancelling the transaction, you will not be able to get the refund. Your order, you may provide the reason questions on this topic I it. 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