MoneyGram offers a new, convenient way of making online financial transactions. The method is highly secure and safe to use, which means that your money and personal details are safe.
If you would like to find out more about the banking method and how it works, then continue reading. We cover how to make deposits as well as some terms and conditions attached to using this payment option. Can you use MoneyGram to make deposits and withdrawals at online casinos? What are the pros and cons of using this method? Get answers to all this and more here!
What Is MoneyGram?
MoneyGram is a globally recognized banking method, with headquarters in the US. It allows people to make online deposits and withdrawals quickly and easily.
How to Make Deposits Using MoneyGram
Depositing money from one account into another is made easy with MoneyGram. Follow our easy steps below to get started.
- First, you’ll have to log into your existing account or create a new account if you don’t already have one. The process of signing up is quite simple, too. You will need a valid email address, and you will have to create a password that meets the minimum requirement of 8 characters. You will also need an active contact number. Then, agree to the terms of use and click on the applicable button to register your account.
- Now that you have an account, you can begin sending money to and from your account. If you would like to send money, you will have to identify the recipient or company that you are transferring money to, state how they want to receive the money, and clearly state the amount.
- Next, you must select the payment method. MoneyGram is recognized by most banks, so you can either choose to send money directly from your bank account, or you can choose to send money from one of your other cards. A wide variety of options will be listed.
- Now, all that’s left to do is finalize the transaction and wait for confirmation of receipt from the recipient.
MoneyGram Mobile App
MoneyGram is programmed to facilitate financial transactions made via mobile phone, too. The company has its own mobile app, which is available for download on the App Store and Google Play. Simply search “MoneyGram” to find it. The app is great for many things, including:
- Sending money to anyone from anywhere.
- It offers currency exchange services
- You are able to check your account and manage your profile in the palm of your hand.
- You can enhance your security by enabling the app to use biometrics when opening the app.
- You can use your fingerprint or even facial recognition if your smartphone allows.
MoneyGram Terms of Use
Unfortunately, MoneyGram does not facilitate financial transactions to and from online casinos. Facilitating gambling-related payments is against its current terms and conditions, which means that it’s very unlikely that you’ll find MoneyGram as a banking method at trusted online casinos. Luckily, there are various other banking methods available to use at casinos today. A few great alternatives include Visa, Mastercard, Neteller, Skrill, Bitcoin, credit cards, and wire transfers, among many others.
Here are some of the other (fine print) terms of use.
- Interest charges and card issuer charges apply to most transactions.
- Service charges will vary based on several factors, including the amount of money being sent, payment method, delivery location, and whether a currency exchange is needed.
- The transfer process may take longer if funds are being sent internationally.
Pros and Cons of Using MoneyGram
MoneyGram may be the second-largest money transfer platform in the world, but this doesn’t mean that there aren’t any disadvantages to using the method. Here are some of the pros and cons to consider.
| MoneyGram Pros | MoneyGram Cons |
|---|---|
| Available in over 320k locations | It’s an expensive banking method |
| Allows for instant money transfers | Not available as a banking method at casinos |
| Well-known & widely used method |
