Which online money transfer method will suit you? Find out - The Economic Times

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What do I need in order to offer Western Union money transfer services? Once you've installed the software we'll provide, you'll be able to offer money transfer services and earn a commission on every Western Union money transfer that's sent or received from your retail locations s.

How will I earn money with Western Union?

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Each time a consumer sends a Western Union money transfer, they pay a transfer fee for the service. As a Western Union agent, you'll earn a commission on the transfer fee for every transaction you process. The more transactions you send or receive, the more you earn.

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Who's responsible for setting the price for the money transfer service? We'll provide the fee tables. The system will automatically calculate the fee based on the amount of money sent, the service chosen, and the destination country.

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How is a Western Union money transfer processed? The agent enters the consumer's information into the Western Union system, checks their identification, and collects the cash including the sending fee.

The agent ensures that the consumer signs the receipt and provides them with a copy. To receive money: The consumer completes the Receive Money form and gives it to the Western Union agent.

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The agent enters the consumer's information into the system, checks their identification, and gives the consumer the funds and a copy of the receipt. Will I be able to process money transfers to any destination?

Yes, your customers will be able to send money to more thanagent locations in more than countries and territories around the world.

Become an agent

You'll also be able to pay out money that's been sent from any Western Union location across the world. What support will I receive from Western Union?

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Once you've been enrolled as an agent, Western Union will help you get started and make your first transaction. You'll get a free starter pack, with training and marketing promotion materials.

We'll provide training and software free of charge.

It's backed by high-profile investors including Richard Branson and Peter Thiel. TransferWise Financial technology firm TransferWise booked a profit for the third year in a row, a rare show of growth for an industry littered with start-ups that have struggled to break even. It was set up in by Estonian friends Taavet Hinrikus and Kristo Kaarmann with the stated aim of making foreign exchange fees more transparent.

As a Western Union agent, you'll have access to customer support to answer any questions you may have about offering our service. While all money transfer agents have a responsibility to implement Anti-Money Laundering AML compliance procedures, Western Union has an industry-leading AML program and provides first-class training and support to help you succeed as earnings on the Internet on money transfers agent and protect your business.

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What type of business do I need to have to be eligible? Many retail businesses make great Western Union agents. Agents in our network own businesses as diverse as convenience stores, financial services providers, newsagents, pawnbrokers, and travel agencies.