Using MoneyGram to send money online
MoneyGram is one of the largest money transfer companies in the world, with millions of customers around the world. You can choose to send money offline or online with MoneyGram, either from a smartphone or laptop, or one of their many agent locations.
It’s a great company for some people because of its flexibility and convenience, but others may be put off by the fees and the fact that MoneyGram is a favourite of fraudsters because transfers can’t be traced.
There are a number of factors you should consider before you start using MoneyGram to send money abroad. In this blog we will review MoneyGram to show you what it’s really like, including looking at the pros and cons of MoneyGram, so that you can decide whether it’s the right transfer service for you!
MoneyGram - send money online
If you want to send funds online with MoneyGram, you can access their transfer platform on any device via a browser, or via their mobile app. Before you can send money you’ll first need to register for a MoneyGram account, which can take some time.
Here are some of the pros and cons of using MoneyGram for your online money transfers:
Pros:
- You can choose how you want the money to be received, whether directly to a bank account or to be picked up as cash by your recipient.
- Lots of cash pick-up locations
- Instant transfer of funds to the recipient for cash pick-up
Cons:
- Fees can be high - for example, sending £400 from the UK to a bank account in Nigeria will cost you £11.99 in fees
- You can’t send money with just card details - you’ll need various bank details
- You can’t track your payment, so MoneyGram is often used by scammers
- Although MoneyGram exchange rates are generally better than high street banks, you may be able to find better exchange rates with other money transfer providers
Is there another option to MoneyGram?
One of the main things that put people off MoneyGram are the fees, which can be very high.
When you send money to friends and family abroad, you want to save as much as you can so that more of your money reaches the recipient. The factors that affect this include the exchange rate and transfer fees.
Paysend is a fast and easy money transfer platform that lets users send money directly to bank accounts or cards with just a name and card number.
Money transfers to bank accounts with Paysend have zero transfer fees, and to cards cost just £1, €1.5 or $2 (or equivalent amount). Paysend uses excellent, competitive exchange rates, so if you send money with Paysend you might save yourself some money rather than MoneyGram!
On the Paysend homepage you’ll find a useful tool to help you find out if your money transfers with Paysend might be better for you than with MoneyGram. Click here to visit the homepage and get started.
Mga Pinakabagong Post
Sending money abroad shouldn't mean queuing in a bank branch and filling out forms with codes you may never have heard of. An international money transfer moves your money from your account, card, or wallet in the US to someone else's account, card, or wallet in another country, and, above all, it should be simple, transparent, and reliable enough that you don't have to think twice about it.
Whether you're supporting family back home, paying for something abroad, or sending a gift for a birthday you can't be there for in person, the reason you're sending matters more than the mechanics. If you're new to Paysend, your first transfer comes with zero fee and a special exchange rate, so more of what you send actually arrives, and we'll show you how to claim it.
Every month, thousands of people working in the Czech Republic send part of their payday home — many of them Ukrainians supporting family across the border. And the traditional route makes it harder than it should be: bank wires that ask for IBANs and SWIFT codes, fees that only show up after the money's gone, and days of waiting while someone at home is counting on it.
Pavel Štich has spent years helping his readers solve exactly that. He's Co-Founder and Lead Financial Editor at Moneyo.cz, an independent Czech platform that compares money transfer services, stock brokers, and alternative investments — and a Paysend Ambassador, which means he tests what he recommends, explains it plainly, and brings his readers reader-only perks. We asked him how Moneyo started, who reads it, and why he chose Paysend.
