How does Moneygram work? You need to know

In times of fast money flow, it is important to be able to react promptly and process payments quickly. Even remittances to foreign countries should be transferred safely and quickly. This is where Moneygram comes in. With the service you make, for a small fee, a transfer abroad.

How exactly does Moneygram work?

With Moneygram it is possible to settle foreign transfers quickly. It works pretty well too, usually within ten minutes the money is with the recipient or on their account.

1. You can send money here via the Internet or by going to one of 350,000 branches distributed in 200 countries.
2. It is possible to send the money directly to the recipient's mobile wallet, at least if they have one, or you can send it to their bank account. The recipient can also pick up the money at a branch.
3. Security is provided by the fact that you have to identify yourself as the sender, and the recipient must also have an ID with him when he picks up the money.
4. You receive all the information of the transfer immediately on your phone. So sind Sie über Ihre Sendung immer im Bilde.
5. Leider sind die Gebühre bei Moneygram sehr hoch, sodass sich ein Versand von Geld innerhalb der EU kaum rechnet.
6. Senden Sie beispielweise einen Betrag nach Frankreich, so wird von dem Betrag die Gebühr direkt abgezogen.