Western Union Payment System
Millions of people in the USA, Canada, Europe, and around the world stay in constant contact with their family, friends, or colleagues, even if they are thousands of kilometers away.
It is often necessary to transfer money to another party, which creates a risk of unplanned expenses. Classic money transfers may involve currency conversion fees from the dollar to the zloty.
Fortunately, you can save money by choosing, for example, Western Union money transfers. What should you know about such services before picking them? What are the waiting times, costs, and ways to receive money? And what makes Western Union stand out?
We answer the most important questions. Let’s turn to the Rates team to discover how to close a chase checking account or another one to apply all the benefits and features of Western Union, as a cutting-edge payment system nowadays.
Introduction to Western Union: What is this?
Western Union is one of the world’s most famous companies that specializes in financial services. After 170 years of continuous payment operations, it has managed to build its position and power. It originates from the US state of Colorado and has hundreds of branches in different regions of the world
The flagship and most significant product on which Western Union’s services are based is online money transfer.
Customers can transfer money from the comfort of their homes using a clear and readable website. Funds can be sent in a variety of global currencies, from the largest and most widespread to niche and local ones.
Thus, Western Union money transfers are a good solution, for example, for people who work abroad and are in constant contact with their families.
Money transfer is also an attractive way to deliver money quickly, for example, to business partners without incurring extra costs.
How does Western Union work?
Western Union is engaged in online money transfers, which are a competitive solution to the recently popular card or currency accounts.
The strength of the represented operator is a very well-organized range of services that allow you to transfer funds in different currencies in many ways, on demand, and with the support of thousands of service points around the world.
Western Union processes currencies and transfers not only from large and small countries of the world, but also from dependent territories, for example, in the Pacific Ocean, and even from disputed territories such as Kosovo and Northern Cyprus. In total, there are more than 200 locations around the world.
Transfers are always encrypted, and the data associated with each transaction is protected. Western Union allows its customers to track money transfers in real-time online. It is possible to constantly check their current status.
Before placing an order, you can quickly and conveniently check the current exchange rate along with the cost of the transaction.
Western Union has branches all over the USA, Canada, the European continent, and hundreds of other places around the world.
They make it possible, for example, to receive the transferred money in cash. In addition to the website, Western Union also has a modern mobile application for iOS and Android phones.
How do I send money using Western Union?
Western Union transfers work on very simple principles. They have been simplified to a minimum so that even for inexperienced customers the whole process is intuitive, clear, and simple. Let’s check how the money order works with the described operator.
- Go to westernunion.com and specify the parameters of the money transfer you want to order. First, enter the currency and then the amount of the transfer. Here, we select the recipient’s country from the drop-down list.
- Click on the “send money” button and be taken to a simple form that allows you to provide the most important information needed to complete the transaction.
- First, indicate whether you want to receive the funds in cash or send them directly to your bank account. It is worth noting that the second option is not always available – sometimes it is possible to receive a transfer only in cash. It depends on the country to which we want to send the funds.
- Next, indicate how you want to pay the transaction fee – usually, the main option is to pay by debit or credit card.
- Now it’s time for the next step, where you’ll either need to log in to an existing user account or create one. To do this, you will need to provide, among other things, basic personal data, such as your email address, phone number, address of residence, and country. Once you have created an account on the Western Union website, we can complete the rest of the transaction details.
For each currency transfer, you must provide the name and address of the sender. If the funds are to be transferred to a bank account, you will also need the recipient’s account number.
After you have successfully ordered a transfer, pay attention to the so-called money transfer control number. For example, it allows you to track the requested transaction in real time and monitor its status. This is possible using the Western Union mobile app or website after logging into your user account.
It is worth remembering that when ordering a money transfer, you can check the exact list of supported Western Union branches on the website.
Just enter the city and address, and the map from the Western Union database will show the nearest points from more than 500,000 locations around the world.
Conclusion
Western Union has such a wide network of service points around the world, which allows it to receive money in cash in many places.
Clients can send money from any country in the world to another using a convenient and accessible website or mobile application.
Contact the Rates team for comprehensive global money transfer assistance, according to your needs.