Faisal KhanAnswered Apr 4, 2013It varies from country to country. Usually on the fees collected (and if there is any FX gain), the agent's take is about 42% -to- 46% for Western Union.
Moneygram is nearly the same.
Moneygram is nearly the same.
Money Transfers: How much commission does a Western Union or MoneyGram agent earn per transaction?
Faisal KhanAnswered Apr 4, 2013Which bank does Western Union use to hold agent accounts, does it require agents to use that same bank, and how does that bank profit from the relationship?1 ansHow do Western Union agents deposit customer cash into Western Union’s banking system?1 ansWhy is pre-funding required in the money transfer world?1 ansIs there profit potential in launching a remittance business focused on Somalia?1 ans