Almost all Pakistanis, who are living abroad, send their earnings to the country via Western Union. Although Payoneer is providing much cheaper, reliable and easier global money transfer services in Pakistan, still a lot of people either don’t know about it or fail to get a Payoneer account and debit Mastercard for several reasons. In such a situation, Western Union is left as the only convenient option for sending their money to the country which is much expensive than Payoneer. Currently, more than 7500 Western Union agents are providing their services in the country which shows Western Union’s dominance in the field of money processing in Pakistan.
Apart from foreign livers, a lot of Pakistanis within the country also depend on Western Union for receiving their online earned money. A lot of Pakistani bloggers and website owners are out there who monetize their content with Google’s AdSense and Google sends their earnings via Western Union. It is goodness of Google that it doesn’t charge any amount from the earnings and commission of Western Union agents is paid by Google, not by publishers.
If you are living abroad and want to send your earnings to the country via Western Union, but don’t have an idea how much Western Union will charge from you, then below fee estimation will let you guess either it is affordable for you or not. Remember that Western Union fee varies from region to region within a country and you need to confirm first from the agent by providing details that how much it will cost for your money transfer.
The fee, which Western Union charges for transferring money, depends on:
the country from where you are sending the money
the country to which you are sending the money
sending method (Online, By Phone or In Person)
transfer speed
payment option (Credit Card, Bank Account or Cash)
and receiving option
If you are sending money directly to your bank account, then there isn’t any processing fee at all. But if you are sending money to your relatives or friends and let them to pick from any agent, then Western Union fee is $5 for up to $50 and when you send an amount between $50-$500, then you will be charged $10.
Generalized fee for Western Union services are as below:
Send Money Online
Cash Pickup in Minutes: $10.00 – Cash can be picked up a few minutes after you pay through your credit card (Visa, Mastercard and Discover are supported)
Cash Pickup in 1-3 Days: $8.00 – You can pay through your bank account via online bill pay feature or direct transfer. Your money can be picked by the receiver after 1-3 days you pay the money
Send Money in Person:
Cash Pickup in Minutes: $16 – You need to pay through cash
Cash Pickup the Next Day: $9.99 – You need to pay through cash
Send Money by Phone:
Cash Pickup in Minutes: $25 – You need to pay through Mastercard or Visa
Conversion Rate: Money is converted according to the current rate of concerned currency in country’s Open Market.
So among all money sending options available at Western Union, transfer by phone is most costly and the cheapest is online transfer which costs $10 for instant pickup availability and $8 for pickup availability within 1-3 days. For more details about Western Union fee, conversion rates and other queries, please visit Western Union’s official website.
0 comments:
Post a Comment