Money Transfers: How does the MoneyGram network operate?
Cross-Border Payments
Asked by Question Bot07/Jan/20141 answer
1 Answer
F
Faisal Khan
Answered 07/Jan/2014
Simply go to MoneyGram International website and scroll down, there is a link called Become an Agent - click on it and you will have all the details.
Depending on the country you are in, there may be a fees associated with it. Typically you will have to invest in signage etc. in becoming an agent.
As to how it work, I wrote and answer earlier how, perhaps that will help you understand how money transfer settlements are done:
Faisal Khan's answer to What exactly happens when money is sent via Western Union versus a company like XOOM? What is the difference?
Depending on the country you are in, there may be a fees associated with it. Typically you will have to invest in signage etc. in becoming an agent.
As to how it work, I wrote and answer earlier how, perhaps that will help you understand how money transfer settlements are done:
Faisal Khan's answer to What exactly happens when money is sent via Western Union versus a company like XOOM? What is the difference?