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The Difference Between MoneyGram and Western Union

  • Author:Xuan
  • Source:www.bluraysupplier.com
  • Release on :2016-04-19
A, Western Union
Western Union fee is (USD$)
Below 500 is 15
500.01 -  1000 is 20
1000.01 -  2000 is 25
2000.01 -  5000 is 30
5000.01 - 7500 is 40 
The use of Western Union can contact the local agricultural bank and postal China Chinese
Advantages:
1, collection quickly, a few minutes to account
2, payment first, delivery after, to ensure that the interests of businesses are not affected by the loss
Disadvantages:
1,payment first, delivery after, foreigners are prone to distrust
2, customer groups are small, limiting the amount of trading business
3, the amount is relatively large, high fees
4, less foreign outlets, not convenient
B, MoneyGram
MoneyGram fee (USD$)
Remittance $1500 less than, the handling fee of $8
Remittance $1500-$2500, handling fee $15
Remittance $2500-$9000, handling fee $25
Remittance $900 the following does not need to prove
Remittance $3000 the following need to have a mainland ID card or other valid proof of identity
Remittance $6000 just need you to hold a passport
More than 6000 of the required work card and ID
Single remittance MoneyGram maximum amount shall not exceed $10000.
The use of MoneyGram can contact the local CITIC Industrial Bank, Bank of communications and ICBC
Advantage: 
1, remittance speed. In the MoneyGram agent locations (including export outlets reconciliation pay outlets) to the normal accepted business, MoneyGram remittances in remitted after ten minutes can arrive the payee hands.
2, reasonable charges. MoneyGram fee is used in progressive fees, within a certain amount of remittance, remittance costs are relatively low. No intermediate cost, no cable charges.
3, the procedure is simple. The sender remittance needs to choose the complex, the recipient need not open a bank account in advance, you can achieve the transfer of funds.
Disadvantages:
1, after the first payment of goods shipped, foreigners are prone to distrust
2, customer groups are small, limiting the amount of trading business


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