Instarem vs Revolut Business: Which is better for your business?
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Choosing the right business account makes a big difference in how you manage your finances. We’re comparing Instarem business and Revolut Business, which includes their features, pricing, business card options and more, to help you decide which one works best for you.
| Instarem | Revolut Business | |
|---|---|---|
| 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 | Multi-currency accounts, expense management, payment acceptance, FX at interbank rates, accounting integrations |
| Pricing | No monthly fees and no fees for cross currency payments | Tiered plans starting from $0/month; varying allowances for transfers and currency exchange |
| Business cards | Virtual prepaid Mastercard® with FX savings and customised spending controls | Physical, virtual, and metal cards; spend controls; integration with Apple Pay and Google Pay |
Instarem vs Revolut Business: Key Features
| Instarem | Revolut Business | |
|---|---|---|
| Supported currencies | Pay in 40+ currencies | Hold and exchange in 25+ currencies |
| International Payments | Pay up to 160+ countries | Transfers to over 150 countries |
| Accounting Integration | Not available | Integrates with Xero, QuickBooks, Sage |
| Business Debit Cards | Virual prepaid card with FX savings | Physical, virtual, and metal cards with spend controls |
| App | Mobile-web compatibility | Mobile app with comprehensive features |
Both platforms offer robust features. Instarem excels in providing real-time payments and extensive international payment coverage, making it ideal for businesses requiring swift global transactions. Revolut stands out with its seamless accounting software integrations and advanced expense management tools, benefiting businesses seeking streamlined financial operations.
Instarem vs Revolut Business: Pricing
| Instarem | Revolut Business | |
|---|---|---|
| Account Opening Fee | No fees | None |
| Monthly Subscription | No fees | Basic: $0/month; Grow: $30/month; Scale: $119/month |
| Currency Exchange Fees | Mid-market rate; no fees | Interbank rates within plan allowances; fees apply beyond allowances |
| Money Transfer Fees | $0 fees for cross-currency payments | Varies by plan; Basic includes limited free transfers |
| FX Fees | Mid-market rate; no fees | No fees within allowances; 1% fee outside FX market hours |
Instarem offers a cost-effective solution with no monthly fees and competitive exchange rates, appealing to businesses with diverse currency needs. Revolut provides tiered plans, allowing businesses to choose based on their transaction volumes and required features. Higher plans offer increased allowances for currency exchange and transfers, which can be cost-effective for businesses with substantial international transactions.
Instarem vs Revolut Business: Business Cards
| Instarem | Revolut Business | |
|---|---|---|
| Physical Card | Soon | Available |
| Virtual Card | Available for Google pay and Apple pay | Available |
| Custom Card | Not available | Metal cards with customization options |
| ATM Withdrawal | Soon | Available with limits; fees may apply |
Both Instarem and Revolut offer virtual business cards, enhancing security for online transactions. Instarem plans to introduce physical cards soon, while Revolut already provides physical and customisable metal cards, catering to businesses seeking premium card options. Revolut’s cards also support ATM withdrawals and integrate with payment platforms like Apple Pay and Google Pay, offering added convenience for businesses.
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.
