Does Instarem allow to fund payments via card?
Yes, Instarem’s fund by card service is an innovative online portal solution for corporate clients, allowing them to use their credit card limits for local and international payments, including invoice settlements, even when the beneficiary cannot directly accept credit card payments. This fund by card service offers clients flexibility by utilising their credit card limits instead of traditional bank account debits. After successfully debiting the payment from the client’s credit card, the received funds are used to facilitate transfers to both international and local beneficiaries through Instarem’s remittance service.
This service is available for clients in Australia, Singapore, Hong Kong and Malaysia.
This is enabled even when the beneficiary is not directly card accepting.