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Instarem’s ‘Refer an SME’ Promotion – Terms and Conditions

Team Instarem

November 25, 2021



Refer as many Small & Medium Enterprises (SMEs) you know and earn Prezzee Gift cards worth $100

*Please refer to the T&Cs below: 

Terms and Conditions     

‘Refer an SME’ Promotion (“Promotion”) is brought to you by Nium Pte Ltd. and associated entities (formerly known as Instarem Pte. Limited – “Instarem”). Please read these terms and conditions before participating in this Promotion. By participating in this Promotion, you, as a Participant, and all the Participant(s) agree to be bound by these Terms & Conditions, and you satisfy all eligibility requirements as provided below:

  • As a Participant in the Promotion, you must be at least 18 years of age and living.
  • This Promotion is applicable to the territory of the United States of America only.
  • SME(s) can participate in the Promotion by making a transaction through the website and/or mobile app.
  • This offer is valid only for corporate accounts of Referrer & Referee.
  • The Referrer must have a registered account with Instarem to participate in this Promotion.
  • ‘SME Referral Program Promotion: Refer SMEs successfully and get a Prezzee gift card worth USD 100 for every SME you refer.
  • Referee must sign up with Instarem during the promotion period between November 25, 2021; 00:00:00 (GMT-8) and December 31, 2021; 23:59:59 (GMT-8).  
  • A “successful referral” is one whereby the referred client has completed their first transaction successfully, without any related cancellations, rejections or unpaid transactions within the campaign period.

2 Steps to Refer SMEs

  1. Click on the Referral Form  
  2. Enter the details of the SME you want to refer.   
  • This offer is valid from November 25, 2021; 00:00:00 (GMT-8) until December 31, 2021; 23:59:59 (GMT-8).
  • Signups from employees of a referred SME will not be eligible for the promotion. This promotion is only applicable to SMEs who successfully open an account with Instarem and make a successful transaction.
  • Once the Referred SMEs are approved, they must make a successful transaction. Their transactions need to be within Instarem’s policies and regulatory requirements.
  • Current Instarem employees are not eligible to participate in this offer.
  • Failure to comply with any of these terms and conditions may result in the disqualification of the entry in the Promotion.
  • In case 2 existing Instarem SME clients refer the same SME, The Instarem SME client who referred the new SME first, shall be considered for the promotion.
  • The Referred SME will need to make a transfer of a minimum amount as defined as per the applicable Terms & Conditions for more information refer to https://www.Instarem.com/info/international-money-transfer-limits
  • An SME(s) will be eligible for Prezzee gift cards if they meet all of the above criteria.
  • Current Instarem employees are not eligible to participate in this offer.
  • Instarem reserves the right to choose eligible entries of the Promotion and will not and does not have any obligations under any circumstances to explain the choice of eligible entries.  
  • Instarem expressly reserves the right, at any time and without prior notice to add and/or alter, modify, change or vary all or in part, this Promotion or to cancel the Promotion altogether.
  • Failure to comply with any of these terms and conditions may result in the disqualification of the entry in the Promotion.
  • This Promotion is in no way sponsored, endorsed or administered by or associated with Facebook, or any other social media platform.

Gratification Details:

  • SME(s) will receive their Prezzee Gift cards within 20-45 business days once the referred SME does his first successful transfer.
  • The Prezzee gift card will be valid for one year from the date of receipt.
  • Validity of the gift card cannot be extended & a missing gift card won’t be replaced.

Nium makes money on foreign currency conversion. Instarem is a part of Nium, Inc. (formerly known as Instarem USA Corporation), which operates in the United States under a program sponsored by Community Federal Savings Bank, to which Nium is a service provider (NMLS ID No. 1528562). To view Nium’s and Instarem’s license credentials in other countries, click here.

Instarem’s ‘Refer an SME’ Promotion – Terms and Conditions

Refer as many Small & Medium Enterprises (SMEs) you know and earn Prezzee Gift cards worth $100

*Please refer to the T&Cs below: 

Terms and Conditions     

‘Refer an SME’ Promotion (“Promotion”) is brought to you by Nium Pte Ltd. and associated entities (formerly known as Instarem Pte. Limited – “Instarem”). Please read these terms and conditions before participating in this Promotion. By participating in this Promotion, you, as a Participant, and all the Participant(s) agree to be bound by these Terms & Conditions, and you satisfy all eligibility requirements as provided below:

  • As a Participant in the Promotion, you must be at least 18 years of age and living.
  • This Promotion is applicable to the territory of the United States of America only.
  • SME(s) can participate in the Promotion by making a transaction through the website and/or mobile app.
  • This offer is valid only for corporate accounts of Referrer & Referee.
  • The Referrer must have a registered account with Instarem to participate in this Promotion.
  • ‘SME Referral Program Promotion: Refer SMEs successfully and get a Prezzee gift card worth USD 100 for every SME you refer.
  • Referee must sign up with Instarem during the promotion period between November 25, 2021; 00:00:00 (GMT-8) and December 31, 2021; 23:59:59 (GMT-8).  
  • A “successful referral” is one whereby the referred client has completed their first transaction successfully, without any related cancellations, rejections or unpaid transactions within the campaign period.

2 Steps to Refer SMEs

  1. Click on the Referral Form  
  2. Enter the details of the SME you want to refer.   
  • This offer is valid from November 25, 2021; 00:00:00 (GMT-8) until December 31, 2021; 23:59:59 (GMT-8).
  • Signups from employees of a referred SME will not be eligible for the promotion. This promotion is only applicable to SMEs who successfully open an account with Instarem and make a successful transaction.
  • Once the Referred SMEs are approved, they must make a successful transaction. Their transactions need to be within Instarem’s policies and regulatory requirements.
  • Current Instarem employees are not eligible to participate in this offer.
  • Failure to comply with any of these terms and conditions may result in the disqualification of the entry in the Promotion.
  • In case 2 existing Instarem SME clients refer the same SME, The Instarem SME client who referred the new SME first, shall be considered for the promotion.
  • The Referred SME will need to make a transfer of a minimum amount as defined as per the applicable Terms & Conditions for more information refer to https://www.Instarem.com/info/international-money-transfer-limits
  • An SME(s) will be eligible for Prezzee gift cards if they meet all of the above criteria.
  • Current Instarem employees are not eligible to participate in this offer.
  • Instarem reserves the right to choose eligible entries of the Promotion and will not and does not have any obligations under any circumstances to explain the choice of eligible entries.  
  • Instarem expressly reserves the right, at any time and without prior notice to add and/or alter, modify, change or vary all or in part, this Promotion or to cancel the Promotion altogether.
  • Failure to comply with any of these terms and conditions may result in the disqualification of the entry in the Promotion.
  • This Promotion is in no way sponsored, endorsed or administered by or associated with Facebook, or any other social media platform.

Gratification Details:

  • SME(s) will receive their Prezzee Gift cards within 20-45 business days once the referred SME does his first successful transfer.
  • The Prezzee gift card will be valid for one year from the date of receipt.
  • Validity of the gift card cannot be extended & a missing gift card won’t be replaced.

Nium makes money on foreign currency conversion. Instarem is a part of Nium, Inc. (formerly known as Instarem USA Corporation), which operates in the United States under a program sponsored by Community Federal Savings Bank, to which Nium is a service provider (NMLS ID No. 1528562). To view Nium’s and Instarem’s license credentials in other countries, click here.

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