Money Transfer

MoneyGram International, Inc. is a United States-based financial services company, headquartered in St. Louis Park, Minnesota. It has its Global Operations Center in Brooklyn Center, Minnesota and additional offices in New York City and Coral Gables, Florida.MoneyGram International offers products and services through a network of agents and financial institution customers. The Travelers Express Company, Inc., which has been in operation since 1940, acquired MoneyGram Payment Systems, Inc. in June 1998 from American Express. The business was incorporated in December 2003 in connection with the 2004 spin-off from its parent company, Viad Corporation, and is now known as MoneyGram International.MoneyGram International provides money transfer services, money orders, and bill payment services to consumers. Another segment of MoneyGram International provides financial institutions with payment processing services, primarily of official check outsourcing services and money orders for sale to their customers.MoneyGram is another payment term, it places a important status during the international trade. Here is the way how to send use it, is very useful. Step 1Locate a MoneyGram location nearest you. The easiest way to do this is through the company website (see resources below). Search for locations based on your current zip code. Money Gram has locations all over the globe so finding one in your area will be easy. Most locations are in retail stores or gas stations.Step 2Drive to the nearest location. Remember to take the money you will be sending and a form of photo identification such as a drivers license with you. MoneyGram will only accept cash for sending money so make sure that you have enough cash on you to complete to transaction.Step 3Complete the proper paperwork. This is known as the “send” form. You will need to enter your information as well as the information of the person receiving the money. This form is usually located near the counter at the MoneyGram location.Step 4Pay the money being sent along with a fee (which varies depending on the amount being sent) and retain the reference number for your records. Contact the person the money is being sent to with the reference number so that they can claim their funds.