Money Gram

[ghous]

i have never tried this one. but i am aware of this one in my country. mostly i use western union.

Wu is very expensive indeed specially for lower amounts...it's fees are "regressive" and fall heavily on lower amounts but it's good for large amount transfers it's more relaible abd safe...Mg is best for small amounts they have proptionate fees which tends to be lower with lower amount of money.

[id62000]

From what i know, MG has lower rates than WU and i would recommend it.

..Mg is best for small amounts they have proptionate fees which tends to be lower with lower amount of money.

Very high amounts, you'll find WU better though.

MoneyGram International Inc, is a financial service company whose main office is based in Minneapolis, Minnesota. MoneyGram is Western Union’s largest competitor, also providing money order services. MoneyGram International Inc was originally called MoneyGram Payment Systems, Inc. It was acquired by Travelers Express Company, Inc, otherwise known as Travelex in 1998 and they have been using MoneyGram International Inc since 2004.
Moneygram is another financial service company specializing in online money transfers either for bill pay needs or to do global money transfers. They offer express payment, utility bill payment, money orders, gift certificates, and official checks. They have 92000 agent locations worldwide (170 countries). You can check out their website at Moneygram.com for details on fees and services.

[zapper]

Originally Posted by id62000

From what i know, MG has lower rates than WU and i would recommend it.

Very high amounts, you'll find WU better though.

I`ve never tried MoneyGram. But, There are a lot of their offices around my place!. Western has always been an easy job, provided you have any known person/relations in a foreign land...

[id62000]

Originally Posted by zapper

I`ve never tried MoneyGram. But, There are a lot of their offices around my place!. Western has always been an easy job, provided you have any known person/relations in a foreign land...

The Pros and Cons of Money Gram

Being the main competitor of Western Union, MoneyGram’s main attraction is its fees, which are considerably lower than Western Union. In fact, the company recently lowered fees for its standard same-day eMoney Transfer service, as well as streamlined its Web site design making it easier to navigate, and introduced its new online economy service.


MoneyGram also recently introduced an even lower-cost online option with its new economy service. The economy service generally takes up to three business days for the money to be available for the receiver, but fees run as low as $10 to $25. For this economy option, customers must send the money from their bank accounts; credit cards are not accepted for this service.
The company also has upgraded the MoneyGram eMoney Transfer web pages, giving consumers a very user-friendly site with a streamlined, contemporary design that’s easier to navigate.


The funds sent via the Internet can be picked up at any of MoneyGram’s 81,000 agent locations around the world. No intrusive questions were asked. There was no suggestion of 30-day sending limits, and no “security concerns” raised. Best of all, the transfer fee was 2/3rds of what Western Union had charged to send a smaller amount.

After disappointing experiences with Western Union (whose brand name is more recognizable) many people often go to MoneyGram and are pleasantly surprised with the results. The only hitch was that the online services were only available for US residents.

[cheer]

Originally Posted by nuaeman

I didn't know about it and just went to check where it supports Maybank and AffinBank in Malaysia which is pretty nice for me The fees are reasonable as it cost extra USD12 for sending USD100 from here to Japan, thanks for sharing the info with us.

Sending money to Japan through Maybank and AffinBank need 3 to 5 business days. If you are planning to send urgent cash, then WU and MG are the good choices. They are almost instant (in less than 10 minute time, the cash arrive and recepient is ready to collect). This is why ppl consider the WU and MG in such situation.

[gonnix]

does MG cover worldwide , i mean can i make payment for everyone in any country or there are some countries that i can't send to them money using it ?

[id62000]

Originally Posted by gonnix

does MG cover worldwide , i mean can i make payment for everyone in any country or there are some countries that i can't send to them money using it ?

Yes, yes, that's what we were talking about. Please read before posting.

Low transfer fees.1
Send up to $2,500 per transfer.
Money is received within 10 minutes.2
No U.S. Bank account needed to transfer funds!
Excellent foreign exchange rates, directly benefiting you and the person you're sending money to.
More than 125,000 agent locations worldwide.
ExpressPayment®, MoneyGram's same-day bill pay service is also available.
In addition to the more than 2,518 U.S. Bank branch locations, MoneyGram affiliates include some of the most reputable financial and retail locations in the world.

You can check the rates here:

Downloadable pdf:
http://www.gov.im/lib/docs/post/1091...kpricingv2.pdf

[cheer]

Originally Posted by id62000

From what i know, MG has lower rates than WU and i would recommend it.

Very high amounts, you'll find WU better though.

MoneyGram International Inc, is a financial service company whose main office is based in Minneapolis, Minnesota. MoneyGram is Western Union’s largest competitor, also providing money order services. MoneyGram International Inc was originally called MoneyGram Payment Systems, Inc. It was acquired by Travelers Express Company, Inc, otherwise known as Travelex in 1998 and they have been using MoneyGram International Inc since 2004.
Moneygram is another financial service company specializing in online money transfers either for bill pay needs or to do global money transfers. They offer express payment, utility bill payment, money orders, gift certificates, and official checks. They have 92000 agent locations worldwide (170 countries). You can check out their website at Moneygram.com for details on fees and services.

For high amount more than USD1000, please go for Bank Wire. Both WU and MG will not so suitable as some banks has limitation for such withdraw. Otherwise, MG and WU is equavailent same in term of efficiency and output.

[andirahmat]

I agree with you about money gram many people know about money gram, and money gram agency in 177 country, but in my country the fee is very high for example send money from Indonesia to USA, if we send money Rp 0 - Rp 900,000 the fee is Rp 100,000Note : S$ 1 = Rp 9,000

[AzeAzeAze]

Originally Posted by andirahmat

I agree with you about money gram many people know about money gram, and money gram agency in 177 country, but in my country the fee is very high for example send money from Indonesia to USA, if we send money Rp 0 - Rp 900,000 the fee is Rp 100,000Note : S$ 1 = Rp 9,000

but if you send with WU they will take more additional fees ! 15% or more, so money gram is cheapest service than western union at all !