When you are worried about money transfer services, MoneyGram may not be the primary name that enters your mind. But it’s not because it doesn’t have great status in the business. MoneyGram is the number two biggest money transfer provider in the universe. Let’s learn about ‘Does MoneyGram Accept Prepaid Cards?’.
Moneygram offers money transfers, payment of bills, money orders, mobile airtime, and prepaid card reload services, to people who did not have a bank account. Moneygram permits users to use different payment options, based on the desired service, which includes money, credit and debit card, or a bank account to finish transactions.
This page will tell you little things about Moneygram if Moneygram accepts prepaid cards, the type of prepaid card Moneygram accept, and how to use the prepaid card on Moneygram.
Does MoneyGram Accept Prepaid Cards?
Yes, Moneygram accepts prepaid cards for all forms of transactions. This can be done online or in any environment that is certified to use Moneygram. Sending money can be from one bank account to another bank account, one debit or credit card to a separate bank account, a money transfer, or international cash order.
The kinds of Prepaid Cards Moneygram Accepts:
A Debit Card
A debit card is similar to a gift card. It enables you to pay whatever sum of money is reserved on the card. If the balance is exhausted, you can refill the card online or at an Automated Teller Machine post, a participating shop, or another physical area. Prepaid debit cards are handed out by banks and stamped by major credit card corporations, comprising MasterCard, Visa, Discover, and American Express.
Visa Prepaid Cards
It can also be called Reloadable Visa Prepaid Cards. These Reloadable Visa Prepaid Cards make daily spending more suitable and safe. The Visa Prepaid card is a card you can use privately and online for:
Bills Payment
- Adding of funds
- Buying something anywhere Visa Debit cards are approved.
Additionally, you are not expected to be related to overdraft expenses, since your spending cannot exceed the accessible balance on your card. It’s easy to collect a Visa Prepaid card and there’s no credit assessment required.
The Reason Why Moneygram Accepts Prepaid Cards
Speed
You can transfer any percentage of money between the range of 1 dollar to 10,000 dollars (USD) to any account around the globe. The recipient will receive the alert on the same day. This can be accomplished online or at any location that is approved to use Moneygram with your prepaid cards. You can send money from a bank account to another bank account, international money orders, use a prepaid card to another bank account, or cash transfers.
Security
Moneygram has the safest security features in place in the business. This was because of legitimate litigations the company had encountered over a couple of circumstances. It is not to be utilized for any defrauding act. They have tightened restrictions so you are protected from losing money based on ordinary cheating. These cheatings are based on natural catastrophes, unknown lotteries, fraud scams, and refunds among others.
Convenience
There is nothing more straightforward than transferring money to anybody online by the quick means that is possible. In some minutes, you can transfer it to the person who needs it urgently. When you transfer money from a debit or credit card to a bank account, you’ll be qualified to get it accomplished on the same day. This way, the individual receiving it won’t have to wait long for processing.
Low Fees
Based on where you are transferring the money, you can settle with a low fee when transferring money. For instance, when you transfer money to another account in the United States the fee is 0.03 dollars if you are sending it in person. If performing an online transfer, the fee of 1.99 dollars will differ. If you are sending money globally, you will have to pay increased charges depending on where the money is being sent. For example, if you are sending money to a person living in Japan, you will be spending a 4.99 dollars fee.
How To Use Prepaid Cards On Moneygram?
Sign Up
Enter your data, so that we can assess your identity.
Assign a receiver
Tell us to whom you are transferring money, how much you like to transfer, and where you are transferring.
Select The Prepaid Cards
Choose your preferred online payment option
- Enter Recipient Information
- Then Review & send!
Conclusion
As seen on the above page, if Moneygram accepts Prepaid cards, the reason why Moneygram should accept Prepaid cards, the types of Prepaid cards, and how to use a Prepaid card on Moneygram.
Frequently Asked Questions(FAQs)
- What Card Does Moneygram Accept?
Your payments for online transactions can be done using a bank account and credit or debit card.
- How Does Moneygram Operate?
Moneygram operates for 24hrs every day, it can be reached anytime anywhere.
