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They're not open at night. They take egregious fees, often up to 20% on the exchange rate. You can't send more than $2,500 online. And who wants to stand in lin
by joshfraser 5y ago
They're not open at night. They take egregious fees, often up to 20% on the exchange rate. You can't send more than $2,500 online. And who wants to stand in line, fill out paperwork, or walk around with large sums of cash? If that exploitative company is the best example you've got, I rest my case.
- throwaway2037 5y agoYou wrote: <<They take egregious fees, often up to 20% on the exchange rate.>> I find this hard to believe. Can you please demonstrate a single transaction with this fee?
- jacobr1 5y agoThey usually have both a flat-rate transition fee, and some spread they take on top of whatever open market exchange rate would otherwise be. For small transactions, you can have things like a $29 fee, for a $500 transaction, where the spread is also taking a 1% cut. You also can find $2.99 transactions. It depends on the source of funds and destination. Also if you are doing something like using a credit card as the source of funds, you might get cash-advance fees (and much worse interest rates).
- joshfraser 5y agoSource: https://www.finder.com/western-union-international-money-transfer https://www.finder.com/western-union-international-money-tra... I've never used Western Union personally, so don't listen to me. Listen to their customer reviews: https://www.sitejabber.com/reviews/westernunion.com https://www.sitejabber.com/reviews/westernunion.com