Friday, September 20, 2024
HomeGeneralWestern Union Commission: how much does it charge?

Western Union Commission: how much does it charge?

Western Union Commission: how much does it charge?

Western Union is one of the best-known international transfer providers in the world, surely you have used it at some time or have seen one of its offices somewhere. However, the fact that it is very popular and that hundreds of people from all over the world use it every day to send money to another country is not synonymous with quality. Western Union is a totally secure way to send money to another country, but that doesn’t mean it’s the best or cheapest option for you. In fact, it most likely is not.

The Western Union Commission is not clear to those who choose to send money with this provider to send money abroad, because Western Union is not the most transparent provider with its prices. In addition, there are several factors that must be taken into account to know how much the Western Union commission is. If you want to know how much commission Western Union charges, keep reading and discover all the information about the fees of this provider.

How to calculate the commission for sending money to Western Union

Knowing the commission for sending money from Western Union is not easy, it does not matter if you want to know the commission of the Western Union Peru to Spain, the commission of Western Union Romania to Spain, or the commission of the Western Union to Ukraine, you must take into account several aspects to know How much does Western Union charge to send money?

The first thing to consider is where you are making the transfer from: are you sending money with Western Union with cash from a point of sale or do you do it from their website or app? The Western Union commission is not the same and depending on whether you do it from a point of sale or online, you will pay one commission or another. Unfortunately, knowing the Western Union commission for a transfer from a branch or point of sale is even more difficult since you cannot know the exchange rate that applies to your transfer in advance. Why is this important? If you make a transfer to a country with a different currency than yours, for example, if you send money from Spain to the United States, that is, from EUR to USD, Western Union will apply an exchange rate to your transfer. This exchange rate is not the mid-market exchange rate, therefore, Western Union will charge you a hidden commission. This is known as overpricing.

Do you want to know more about the Western Union commission and see examples according to the countries to which you send money and the type of shipment? Discover this and more below. How Much Does It Cost To Send Money to Western Union?

Western Union commission from a point of sale 

Do you want to send money with Western Union from a point of sale? The Western Union fee from a point of sale depends on several factors: the chosen payment method, the country you are sending money to, and the amount of money you are sending. To this, you will have to add the hidden commission in the exchange rate. However, it is impossible to know the exchange rate that Western Union applies for shipments from points of sale in advance, therefore, you will not be able to know the exchange rate that applies until you fill out the shipping form when you are at the point of sale.

Western Union mentions this in its fee table: “The details of the fees and surcharges that you will have to pay to Western Union for the Service, as well as the details of the exchange rates that will be applied are provided on the shipping form that is will be delivered to you at the point of sale where you make the transaction. The exchange rate will be only an estimate, and the actual exchange rate will be determined at the time the money transfer is confirmed in the system.

The maximum exchange rate margin for shipments from a point of sale is 6%. This means that the exchange rate applied by Western Union can be up to 6% different from the average market exchange rate.

To this commission in the exchange rate you would have to add the rest of the commissions depending on the payment method and the country to which you send money. In this table you can see some examples (for shipments of 800 EUR):

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular