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.
Bài viết mới nhất
Here's the short answer: yes, you can use a credit card to get money into someone's bank account abroad. "Credit card to bank transfer" means exactly that — you fund the transfer with your credit card, and your recipient receives it in their bank account. Or on their card, in their wallet, or as cash to collect, depending on where they are.
The card and the bank account do different jobs. Your card pays for the transfer. A provider like Paysend then pays the money out through local systems on the other end. It's one flow, and it takes about a minute in the app.
One thing worth knowing before you start: a credit card is usually the most expensive way to fund a transfer. Some issuers treat it as a cash advance, and credit tends to carry higher payment fees than debit. You'll always see the full cost, exchange rate included, before you confirm anything. What follows is: the ways your money can arrive, what each one costs, how fast it gets there, and the cheaper routes worth checking first.
Mỗi tháng, hàng nghìn người làm việc tại Séc gửi một phần lương về nhà — nhiều người trong số đó là người Ukraine đang hỗ trợ gia đình ở bên kia biên giới. Và cách làm truyền thống lại khiến việc vốn đơn giản trở nên phức tạp hơn: chuyển khoản ngân hàng yêu cầu mã IBAN và SWIFT, phí chỉ hiện ra sau khi tiền đã được gửi đi, và nhiều ngày chờ đợi trong khi ai đó ở nhà đang trông chờ vào khoản tiền ấy.
Pavel Štich đã nhiều năm giúp độc giả của mình giải quyết đúng vấn đề này. Anh là Đồng sáng lập kiêm Tổng biên tập mảng tài chính tại Moneyo.cz — nền tảng độc lập của Séc chuyên so sánh các dịch vụ chuyển tiền, các công ty môi giới chứng khoán và các kênh đầu tư thay thế — đồng thời là Đại sứ Paysend, nghĩa là anh đích thân trải nghiệm mọi thứ mình giới thiệu, giải thích rõ ràng và mang đến cho độc giả những ưu đãi độc quyền. Chúng tôi đã hỏi anh về sự ra đời của Moneyo, ai là độc giả của trang, và vì sao anh chọn Paysend.
