Instarem Business vs MoneyGram Business: Which is better for your Business?
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Choosing the right business account can significantly impact your financial management. Here’s a comparison between Instarem business and MoneyGram Business, focusing on their features, pricing, and business card options to help you decide which suits your needs best.
| Instarem | MoneyGram 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 | Global money transfers, multiple payout methods, compliance services, API integrations |
| Pricing | No monthly fees and no fees for cross currency payments | Fees vary based on transaction details, exchange rates include a markup |
| Business Cards | Virtual prepaid Mastercard® with FX savings and customised spending controls | No specific business card offerings identified |
Instarem vs MoneyGram Business: Key Features
| Instarem | MoneyGram Business | |
|---|---|---|
| Supported Currencies | Pay in 40+ currencies | Supports over 135 currencies |
| International Payments | Pay up to 160+ countries | Operates in over 200 countries and territories |
| Accounting Integration | Not available | Not specified |
| Business Debit Cards | Virutal prepaid card with FX savings | No specific offerings identified |
| App | Mobile-web compatibility | Online platform and APIs available for integrations |
Both options offer robust features. Instarem stands out with its real-time payments and multi-currency accounts, while MoneyGram excels in its extensive global reach and multiple payout methods. The best choice depends on your business’s specific needs.
Instarem vs MoneyGram Business: Pricing
| Instarem | MoneyGram Business | |
|---|---|---|
| Account Opening Fee | No fees | Not specified |
| Monthly Subscription | No fees | Not specified |
| Currency Exchange Fees | Mid-market rate; no fees | Exchange rates include a markup |
| Money Transfer Fees | $0 fees for cross-currency payments | Fees vary based on transaction details |
| FX Fees | Mid-market rate; no fees | Not specified |
Instarem offers competitive pricing with no fees for cross-currency payments and transparent charges for same currency transactions. MoneyGram’s fees vary based on transaction specifics, and exchange rates include a markup. Consider your transaction volume and funding methods to determine which pricing structure is more cost-effective.
Instarem vs MoneyGram Business: Business Cards
| Instarem | MoneyGram Business | |
|---|---|---|
| Physical Card | Soon | Not available |
| Virtual Card | Available for Google pay and Apple pay | Not available |
| Custom Card | Not available | Not available |
| ATM Withdrawal | Soon | Not available |
Instarem offers virtual business cards with customised spending controls and enhanced tracking, with physical cards and ATM withdrawal options coming soon. MoneyGram does not currently offer business card functionalities.
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.
