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MoneyGram emerged in 1940 and has quickly become popular for its services. It gives a chance to people from all around the globe to transfer money safely. It has hundreds of millions of users in 197 countries. The main reason why it is so demanded is that the user does not necessarily have to create an account with MoneyGram to use its services. Many people find it more convenient to go to a physical agent shop instead. However, for security purposes, many online gamblers choose to create accounts to enjoy online casino games.
While MoneyGram is not the most common banking option at online casinos, there are still many people who like using this method, mainly due to its security and flexibility. This page discusses the features, pros, and cons of MoneyGram casino websites.
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While not every gambling platform accepts MoneyGram as a banking option, there still are some good options. The player can look through the list of casinos that support this payment option. However, one should keep in mind that the number of slots he can enjoy using this payment method depends on the casino online MoneyGram site that accepts it.
The key benefit is flexibility, meaning the gambler can use it in different ways. The user with a bank account can send money electronically, and the one who finds it more comfortable to pay in cash can also use this option.
Another benefit is that the MoneyGram casino payment option is secure. This is because making a deposit with this method does not require a gambler to share his banking details. Only the company has access to this information. Consequently, there is a lower probability of fraud. The gamblers who pay with cash are even more secure since they do not provide any personal details at all to make deposits.
The players who choose a casino online MoneyGram option can also buy a prepaid card from the company and use it to make deposits at any website accepting VISA payments. Such a method also keeps the banking data safe, as the only information the gambler shares are prepaid card details.
The main drawback of using the MoneyGram casino deposit method is the speed of transactions. While many other methods allow money to be transferred instantly, this one has a short delay. Cash deposits are faster than online deposits, but neither option leads to money in a casino account right away.
Another disadvantage is quite high fees. The size of the fee charged depends on the deposited sum. The fees are similar to those charged by Western Union. However, some users believe the fees are worth it, due to the advantages the casino online MoneyGram option brings. If, however, the player looks for methods with lower fees or no fees at all, he should consider other banking methods.
One more unpleasant detail for the players is that MoneyGram offers pretty unfavorable exchange rates. The gamblers sending money to a casino abroad might find the sum of their deposit is far lower than they expected. Therefore, it is worth doing some research on how much currency conversion costs before using MoneyGram to deposit at an online casino.
As was already mentioned above, the player can choose between sending cash and transferring the money online to make a deposit with MoneyGram. If the gambler wants to make an online transfer, he should go to the MoneyGram website and create a profile there. The company asks the user to provide details. Once this is done, the player can send funds to the chosen MoneyGram casino.
If, however, the gambler does not want to create an account on the company’s website, he can take advantage of another option. He can head to a participating retailer and use cash to make a deposit at an online casino. This option does not require creating an account at MoneyGram. The user just has to bring a document proving his ID, such as a driver’s license or a passport, and make a money transfer.
Not so many online casinos accept MoneyGram as a withdrawal option, however, some do allow gamblers to receive payouts in this way. So here is how to withdraw money from a casino online MoneyGram:
Once you have provided the necessary details, the casino will process your request in around 48 hours. Then, you can get your money transferred to your bank account. You can also receive the money in cash. If you prefer this option, you will have to go to a participating retailer with the reference code and your ID and get your money.
Not necessarily. It is not a must to have an account to use MoneyGram as a banking method at online casinos. However, if you want to benefit from instant transactions, it is better to make online payments, which require users to create accounts.
The fees depend on the player’s location and where he sends money. It is better to head to the MoneyGram site and check a special tool that calculates the charges you may incur.
Yes, you can. However, this option is not very common among online casinos.
The maximum deposit/withdrawal amount you can make using MoneyGram is $1,500. If you are looking for an option that allows you to make larger deposits and withdrawals, it is better to check other banking methods.