MoneyGram is a money transfer service similar to Western Union. It provides services such as money transfers, money orders, and bill payments to people who don’t have bank accounts or don’t want to use their normal bank accounts.
Moneygram is one of the largest payment transfer companies in the world which is fast and reliable. With online and in-person options, it’s easy to send or receive money just about anywhere around the globe. But when you send money, being able to track that payment provides a sense of security that it will arrive safely.
Moneygram is one of the best international money transfer company that is based in the US, and its headquarters are in Dallas, Texas.
There are different ways to send money using Moneygram, you can send it Online, App, in Cash, and In-store. All these portals are efficient and can be done within a periodic time frame. They are completely trusted with Over 30,000 trusted locations in the US and 350,000 agent locations around the world with 400 banks.
MoneyGram is a widely accepted platform for sending and receiving money in almost all countries. It is accepted by virtually all banks worldwide Using Moneygram, you can simply transfer money to bank accounts or mobile accounts.
MoneyGram is Western Union’s biggest rival, and its domestic transfer fees closely match its competitors, though they tend to be a little higher. It charges $11.00 if paying from an online bank account and $49.99 if paying with a debit or credit card for transferring $50 to $900 within the United States, and 2% for amounts over $900.
MoneyGram built its reputation on international money transfers. It has more than 25,000 payment locations in Africa alone. However, MoneyGram’s rates for international money transfers do not appear to be much simpler than those of Western Union. You can transfer $500 to Mexico, using a credit or debit card, for a $9.99 fee, but the same transaction costs $31.00 if the money is picked up in Ireland, and $49.99 if it goes to China.
How Does MoneyGram work: Despite its general purpose being money transfer but there are two major ways in which MoneyGram operates either by Money Order or by Bill payment in which the content is provided for the benefit of a proper understanding of the marketing arena of MoneyGram.
Kindly Read: The Easiest Ways To Track a MoneyGram
A money order is purchased for the amount desired. In this way, it is similar to a Certified Check. The main difference is that money orders are usually limited in maximum face value to some specified figure and this is how it works (for example a payer who wants to send money to a payee pays the amount and a small commission at a post office and receives a receipt for the same.
The amount is then delivered as cash to the payee after a few days by a postal employee, at the address specified by the payer. A receipt from the payee is collected and delivered back to the payer at his address. This is more reliable and safer than sending cash in the mail)
It is commonly used for transferring funds to a payee who is in a remote, rural area, where banks may not be conveniently accessible or where many people may not use a bank account at all.
while certified cheques are not. Money orders typically consist of two portions: the negotiable cheque for remittance to the payee, and a receipt or stub that the customer retains for his/her records. The amount is printed by machine or check writer on both portions, and similar documentation, either as a third hard copy or in electronic form, and retained at the issuer and agent locations.
Electronic bill payment is a feature of online, Mobile, and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or Credit card account to a creditor or vendor such as a public, department store or an individual to be credited against a specific account. These payments are typically executed electronically as a direct depositor through a national payment, operated by the banks or in conjunction with the government. Payment is typically initiated by the payer but can also be set up as a direct debit.
In addition to the bill payment facility, most banks will also offer various features with their electronic bill payment systems.
These include the ability to schedule payments in advance to be made on a specified date (convenient for installments such as mortgage and support payments), to save the biller information for reuse at a future time, and various options for searching the recent payment history. In many cases, the payment data can also be downloaded and posted directly into the customer’s accounting or personal finance software.
What is Moneygram tracking?
This is a process by which money transfers, money orders, and bill payments provided by the service agency to people who don’t have bank accounts or don’t want to use their normal bank account is been confirmed if actually, it was successful or not.
With Moneygram tracking, you can easily track and check the status of your MoneyGram transfer. All that is required is to use your reference or authorization number.
It is always advisable while tracking your Money, you ensure you take note of the date you made the transfer. This is as important as sending the money at first.
Ways How to Track your money transfer
If you are searching for How to track your money transfer? you are on the right page because It is simple to track all your money transfers, but firstly you should read “what is Moneygram tracking” and understand how this particular segment should work.
On this page, you will learn how to look up a transfer or payment. How you can easily find the status of any transaction: the major thing they ask is your authorization or reference number and your last name.
The steps involved are as follows
- Go to Moneygram tracking and click Here MoneyGram track checker
- Enter authorization or reference number
- Then enter your last name.
- Click on “Track”
Note: The Authorization number is a unique number assigned to a transaction for tracking purposes. And it can be found in the confirmation email of the sender.
Meanwhile, the 8-digit Reference number is assigned to a transaction when the money has been sent successfully. For cash pickup transactions, the receiver must have this number to pick up the money.
And this number can only be found in the email you received as the sender when the money became ready for pickup. Meanwhile, if you are receiving, you are to ask your send.
Please understand that both the receiver and the sender can track the transaction The senders have the authorization or reference numbers, meanwhile, the receiver needs to take that from the sender.
Do you know that there is now Fake Moneygram Tracking?
The high rate of scammers is increasing day by day, so if you are asking If there is Fake Moneygram Tracking? the answer is yes there is fake Moneygram tracking.
The fact is that Scammers make use of request email “job offers” to lure recipients into falling for payment transfer scams. What does this fake Moneygram tracking format look like? check it here
|from:||Money Gram International Inc. firstname.lastname@example.org via yahoo.com|
|date:||Fri, Nov 9, 2012 at 4:37 AM|
Website: www.moneygram.comAddress: Plot 1261, Adeola Hopewell Street CO/B/REP,
The Republic Of Benin.
Email: email@example.comDEAR VALUED CUSTOMERSequel to the meeting held today with the United States Government, through the Federal Bureau of Investigation, the United States Government has warned you to stop further communication/dealing with any banks that have no website due to fraud going on worldwide. Any bank that is contacting you without a website is a scam. Please view our website now: www.moneygram.comThe United States Government instructed us to be paying you via Money Gram you under installments of Ten Thousand Dollars daily till the amount is completely paid to you, we have transferred your first installment payment today for your pick-up at any Money Gram worldwide, but still, on-hold due to none Federal Bureau of Investigation Clean Bill of Transfer Document in your payment file, which will cost you ($85.00) You are required to pay before your daily transfer will be made available to you today.Track your first payment online now using the sender’s first name and last name as directed below: https://www.moneygram.com/MGIRewards/Change/index.htm?CC=EN
Money Transfer Control Number MTCN# 36772961
Track your first installment of Ten Thousand Dollars daily online now, You are requiring paying for the Federal Bureau of Investigation Clean Bill of Transfer Document fee to Mr.Manafa Edwin. And you will pick up your daily $10,000.00 in your city.
Receiver’s Name: Manafa Edwin
Our customer care service will call you as soon as possible to enable you to pick up your daily $10,000.00 in your country. As soon as we receive the MTCN of the Federal Bureau of Investigation Clean Bill of Transfer Document of ($85.00) for security and safety purposes, I have sent your daily $10,000.00 today and you can pick up the money at any Money Gram worldwide.
If you receive one of these scam emails, it is important that you do not respond to it in any way. Lottery scams are one of the most common types of fraudulent email currently hitting inboxes, Note that this Fake Moneygram email format was drowned from blogspot.com
Guidelines and warnings have been given to anyone who wants to engage in MoneyGram that both parties are entitled to that position. and Never send money to someone you don’t know because any money sent to the wrong person cannot be refunded!