MoneyGram International Review – Money Transfer

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Every day millions of people around the world, mainly friends and family, send money internationally.

This is due to the large number of migrants that exist, a fact from which the United States does not escape. This phenomenon has made it necessary to have a reliable platform to send international remittances.

About this, MoneyGram is an online company dedicated to this group of people.

They offer the possibility of sending money to more than 200 countries, they have become the preferred place for many citizens and residents, so we have prepared this article for you to know them better.

What is MoneyGram?

Qualified as a global provider of money transfer and payment services that develops reliable technologies.

As they indicate, their mission is to connect people around the world, providing a reliable financial connection to meet everyday needs.

Within their reasons, they state that one statistic shows that there are more than 2 billion people in the world who have limited or no access to a bank account, and many depend on services like this for financial inclusion.

That’s the target audience of this online company, they are the reason why they are constantly devoting themselves to innovate, focusing their efforts on better meeting their needs regarding financial transactions.

On the other hand, part of the strength of their structure is that they have a long history in the sector.

In 1998 Travelers Express and MoneyGram Payment Systems Inc. joined together to form MoneyGram, currently the second-largest money transfer company in the world.

Services Offered

Having as main objective to be always at the disposal of its users, they have strived to have great accessibility. According to this:

  • Send money online: send money via the online site at any time, MoneyGram makes it easy to send online with peace of mind.
  • MoneyGram mobile app: makes it even easier to send money, pay bills, track a transfer, and find a location and much more from your cell phone.
  • Pay with cash: Helps you save time on paperwork by initiating your online transaction or application and paying at your preferred MoneyGram location.
  • Send to One Location: With thousands of locations in the United States, this company makes it easy to send money in person from one convenient location.
  • Send from a kiosk: Make your money transfers or bill payments at the touch of a screen, sending the money to kiosks available at participating locations.
  • Send to a bank account and mobile wallets: Send money directly to the bank accounts and mobile wallets of your friends and loved ones in participating countries around the world.

Products Offered

The wide range of financial products allows its clients to carry out a variety of operations. These products are:

Online, Mobile, and Kiosks:

MoneyGram’s award-winning website, application, and kiosk are in place to facilitate money transfers.

MoneyGram Mobile pass:

Allows you to initiate the transaction on your phone and finalize it at one of the thousands of MoneyGram locations in the United States of your choice, eliminating forms and streamlining transactions for agent customers.

MoneyGram Sendbot:

Is a smart and convenient platform that allows U.S. customers to send money transfers to any of their locations around the world via Facebook Messenger. It offers convenient services such as a “transfer tracking” tool and a location finder.

Account Deposit:

These services include bank accounts, virtual accounts, and mobile wallets. Senders can send money via cash at the agents’ offices or via a credit/debit card from our mobile and online channels.

AgentLocations:

Consumers can send and receive money at any of the approximately 350000 MoneyGram agent locations in more than 200 countries and territories, subject to agent hours of operation, availability, and local laws and regulations.

Bill Payment Services And Prepaid Services:

In the U.S. and Canada, we offer urgent bill payment services or pay routine bills such as rent, car payments, and phone bills, with the same day and two or more days. You can also load and reload prepaid debit cards in cash at an agent location or through MoneyGram Online with a credit or debit card.

Payment Orders:

Are designed for consumers to make payments instead of using cash or personal checks through a network of more than 40000 agent offices and financial institutions in the United States and Puerto Rico to purchase money orders.

To Sum Up

MoneyGram, despite being far away from the #1 transfer provider in the US (Western Union), is a great option for both local and offshore transactions, offering secure and quick options for you to move your money around the world.

Give them a try, this service has nice low-cap fees for most of their transactions which ends up being their competitiveness hook.

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