Western Union

To transfer money using Western Union, you can do it by visiting one of the more than half a million Western Union agents throughout the world; to find the one nearest to you, simply visit the website. To make a payment, simply hand over the money to the agent, along with the recipient’s name and address. You’ll then receive a 10-digit MTCN, or Money Transfer Control Number, along with a receipt. You have to pass the number on to the recipient, which can be done via one of Western Union money transfer supporting agents; you can usually do this at certain post offices or banks.

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How to use Western Union

Alternatively, you can choose online or mobile banking. Both of these options are a lot more convenient because they don’t require you to visit your nearest Western Union agent to get the transfer carried out. When transferring money online, there’s a 12-month limit of £800; if you wish to transfer more than this amount in a 12-month period, you’ll be asked for proof of your identity. Western Union has a mobile app that can be downloaded so users can do their banking while on the go.

Casino deposits

When it comes to using this payment method at online casinos, you’ll find that it’s one of the safest, most reliable and most secure payment methods available today. Western Union does take a very serious approach to security and has various measures in place to ensure that all funds are completely safe at all times. Some of the online casinos that accept this payment method include the casino sites in the list above. Speedpay is Western Union’s online payment service that can be used to make online payments; it can therefore be used to make deposits at online casinos. Some payment methods only allow you to make deposits and not withdrawals, though with Western Union, you can both deposit and withdraw funds.

Disadvantages

The main disadvantage to using Western Union is that there’s a fee for using its money transfer services. The fee is usually 14-18% of the total amount of money transferred, though this may vary depending on what country you’re in. Another key disadvantage is that transferring money to casino accounts can be quite expensive because a lot of casinos won’t refund the fees that Western Union charges for its various services.

History

The Western Union payment method is unique because it’s one of the world’s oldest money transfer services. Its history can be dated back to 1851, when two separate telegraph companies were established in the US, one by Ezra Cornell and the other by Hiram Sibley. Understandably, the two became rivals, though they merged their companies together in 1855 as they realised that they stood better chances of succeeding if they worked together. Fast forward to 1871 and the company introduced a money payment service, which worked by using the company’s telegraph lines. These days, Western Union is a multi-billion dollar company headquartered in Englewood, Colorado.