MoneyGram International, Inc. is a financial services company based in the United States. The headquarters of MoneyGram are in Minneapolis in Minnesota. Additional facilities are available at MoneyGram centers located in Minnesota, Colorado, Brooklyn Center, and Lakewood. Moreover, MoneyGram has offices in 190 countries all over the world.
The financial company offers its services and products via a network of representatives. Some of the services offered by MoneyGram are money orders, bill payment, and money transfers. Since a large number of online casinos offer MoneyGram as a payment option, online casino players can easily adopt this option to fund their online casino accounts.
How Does MoneyGram Work?
A money gram is nothing but a money order. It functions like a usual post office or bank money order. Since the amount sent has already been paid by the sender, the payee will receive the exact amount. The receiver of a check faces the risk of the check bouncing for lack of sufficient funds. This can never happen in case of a money gram because the sender has to pay the exact amount he/she intends to send to the payee.
A MoneyGram can be sent in a traditional manner by visiting the nearest MoneyGram branch and by purchasing a money gram. The amount is paid in full along with a service fee, which varies according to a number of factors. The sender is then given a transaction reference number, which should be sent to the payee. In order to receive the amount, the payee has to visit the nearest MoneyGram office, present proof of his/her identity, and supply the reference number.
Online casino players can use the facility of MoneyGram eMoney Transfer to quickly transfer funds into their online casino accounts. They must first log on to their MoneyGram accounts and use the “Send Same Day Service Now” option. Information such as the payee’s name, amount to be paid, and location must be entered into the online form supplied. The service then issues a receipt containing a reference number and other relevant information. The payee should be informed about the reference number.
Online casinos support MoneyGram because the cash transfer is instantaneous. In order to fund their accounts, players simply have to choose the MoneyGram payment option and follow the instructions. Money can be sent directly from the checking account or from a credit card. Players can send as much as $899.99 during each transfer. However, a limit of $500 per transfer is set on all credit cards.
MoneyGram Pros and Cons
The biggest attraction
of MoneyGram is its low fee structure, which is much lower than that of Western Union
. In fact, many online casino players in the US consider MoneyGram to be an attractive alternative to Western Union.
Unfortunately, MoneyGram’s online services are available only to US residents. Only MoneyGram Global Money Transfer
is available globally. Since MoneyGram is almost synonymous with excellent service, reliability, and affordable prices, it is a great payment option for online casino players who reside in the US.
Casinos that accept MoneyGram: