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Heck, Western Union used to be very common for poor folks to send money to their relatives in the US too. It has largely been replaced by Walmart-to-Walmart si

• Turing_Machine 10y ago
  Yeah, Walmart is certainly one of the cheapest. I speculate that Walmart thinks it's good business to make a minimal profit on the money transaction because a substantial portion of the money winds up being spent in the Walmart store where it's received.
  • protomyth 10y ago
    You are probably correct, but I get the feeling the volume involved and low cost to Walmart probably have an affect.
  • nommm-nommm 10y ago
    In retail this is called a loss leader. However, the low overhead of the service probably contributes to the lower cost as well. This isn't their main business and Walmart already have TONS of locations, they don't have to pay rent or commission on physical locations nor do they have to pay for labor, the employees would be there anyways. It doesn't cost them hardly anything to add this service to their main business.