Western Union and MoneyGram - pros and cons

In our world almost everything depends upon money. Sometimes it’s even too much, as we start to think that money can do everything, though we know that it's not truth (in some cases- yes, but you know such cases when money is powerless). However when it comes to travelling and buying new clothes in order to improve our lives – money is just right there to help us.

Money gave a birth to a new industry known as marketing that is everything connected with marketing transactions. But, think, what these markets can’t function without? What is the most important part of any transaction? The answer’s obscure. Everybody makes a contract where it’s written what kind of payment would be carried out and consequently what bank participated in this transaction. There are actually a lot of things which depend upon the bank.

From the course of economics you might have learnt that bank can make payment instead of  the buyer on creation conditions and the supplier can’t receive his money unless the bank confirms that everything is ok with payment and with the goods being sold.

So, now you’ve made sure that substantial transactions can’t do without financial service of the banks. There are various kinds of banks depending exactly upon the services they produce. Some of the banks are more popular in the world some of them start gaining popularity. This article would deal with such banks like Western Union and MoneyGram as these are one of the most known ones with the quality of their services. However, the complaints on them, as the popularity grows, also increase.

Western Union appeared in 1851 but first it began as New York and Western Union Telegraph company. The headquarters of the company is situated in Englewood, Colorado. Western Union obtained its reputation for exchanging telegrams, money orders etc. Western Union has a large network of affiliates around the world.

Now what services does Western Union produce? If to look at the web-site Western Union (http://western-union.pissedconsumer.com/) provides its customers with such services like tracking (you can track your money sent online), you can also transfer money online as well as you can consult your agent. One of the latest affaires connected with Western Union is that the company will pay 94$ million because of the border-related crimes having taken place in Arizona and having been ignored by Western Union.

MoneyGram is another company familiar with its customers due to mostly money transfers. MoneyGram (http://moneygram.pissedconsumer.com/) is a United-States based company headquartered in St. Louis Park, Minnesota. MoneyGram is comparatively young company however the services of it are really popular (especially, post office transfers, and any kinds of money transfers). MoneyGram, just like any other bank suggests such options like money receipt, withdrawal, as well as you can also get in touch with your advisor on any questions concerning transfers. MoneyGram has been recently extending the contract with the United Kingdom post office (the multi-year contract) due to the popularity of MoneyGram transfers in the post offices of Great Britain.