MoneyGram is a US-based, global money transfer company with over 233,000 agent locations across 191 countries and territories worldwide. MoneyGram started as a small money order company in 1940, but its growth is due to a merger of two companies in 1998. In 2004, the company, publicly traded, was renamed MoneyGram International Incorporated. MoneyGram’s services can be divided into two categories: Global Funds Transfer and Financial Paper products. Global Funds Transfer include: MoneyGram’s Money Transfer, allowing consumers to globally send money or receive it with different money delivery options like: direct to account, ATMs, cash to cellular phone, and also cash-to-card; MoneyGram Bills Payment Service allows customers to make payments for bills; and Property Bridge provides online payment solutions for managers of properties or real estate. Financial Paper Product includes Money Order and Official Checks.
MoneyGram provides secure and convenient ways to send and receive money anywhere. MoneyGram can also be used to receive money transfers at affiliate banks, financial institutions, businesses and other locations where the MoneyGram sign can be seen.
What about MoneyGram’s Money Transfer?
With a diverse array of agents and locations globally, MoneyGram gives clients choice and convenience, with many locations offering extended business hours so clients can send and receive money transfers at the most convenient time for them. MoneyGram’s Money Transfer service is quick. Once the sender finishes the Money Transfer transaction, the receiver can already get the money in just 10 minutes. MoneyGram’s Money Transfer is made available to everyone because clients don’t need a bank account or a credit card in order to make a transaction. Money Transfers are also easy and personal; clients can add a 10-word message to the one simple form needed to be filled-up.
How to send and receive money through MoneyGram?
When sending money transfers, senders can choose MoneyGram agents convenient to them. The sender is then asked to provide personal identification, either a passport, driver’s license, national identity card or government issued identification. Furthermore, clients may also be required to provide proof of address. Then, clients are asked to complete one ‘send” form. Upon completion, a reference number will be given. The receiver should be informed of this reference number. Using some personal identification and the reference number, the receiver completes one “receive” form and identification is showed, and in just 10 minutes, the money can already be collected.
What are the fees when sending through MoneyGram?
Transaction fees are calculated based on the sender’s and recipient’s countries. Also, a currency exchange rate set by MoneyGram or its agents may be applied. Security when using MoneyGram’s Money Transfer? There are always risks of fraudulent transactions that are faced by Money Transfer costumers. That is why MoneyGram has put up systems and with processes that enhance the safety of money transfers, agent and employee training pertaining to fraud, and education of consumers on ways to protect their hard-earned money. MoneyGram works with local, federal, and international authorities to identify and arrest individuals who commit fraud using its Money Transfer system.