Both MoneyGram and Send Payments are popular international money transfer services. But which one is better?
Below we compare them on their fees and reviews.
Fees
MoneyGram | Send Payments | |
Homepage | ![]() | ![]() |
Transfer Fee | Depends on the location, the sending amount, and the payment method. Can be as low as $0-$15 and as high as $100. | No fee |
Average Exchange Rate Markup | 1% to 5% | 0.01 |
Minimum Transfer Amount | £50 | AU$250 |
Maximum Transfer Amount | $10,000 per online transfer for most countries (with a $10,000 as a monthly cap) $25,000 for online transfers to 42 select countries from the US. | No limit (AU$25,000 for recurring, daily transfers). |
Top Rated Money Transfer Service
Currencies Direct are the top rated International Money Transfer Service on our list.
- 4.9 out of 5 on Trustpilot based on over 8,000 reviews
- No transfer fees
- Bank-beating rates
- Award-winning service
- Exclusive Amazon gift card offer for users of MoverDB.com
Reviews
MoneyGram | Send Payments | |
Trustpilot Rating | 4.5 | 4.9 |
Number of Trustpilot Reviews | 34,800 | 250 |
iOS App Rating | 4.9 | N/A |
Number of iOS App Reviews | 422,000 | N/A |
Android App Rating | 4.6 | N/A |
Number of Android App Reviews | 88,000 | N/A |
Features
MoneyGram | Send Payments | |
App Transfers | Yes | No |
Online Transfers | Yes | Yes |
Phone Transfers | No | Yes |
In-person Transfers | Yes | No |
Available Countries | 200 | 180 |
Number of Currencies | 60 | 37 |
Payment Methods | Bank account Debit card Credit card Cash | Bank account PayID POLi |
Receiving Methods | Online wallet Bank account Cash pickup Home delivery | Bank account |
Cash Pickup Option | Yes | No |
Payments Flexibility | Web platform Mobile app In person | Web platform Phone |
Supported Languages | English, Spanish, French, German, Italian, Portuguese, Danish, Norwegian, Arabic, Russian, Ukrainian, Japanese, Czech, Turkish, Hungarian, Polish, Romanian, Indonesian, Thai, Korean, Malaysian, and Chinese | English |
Transfer Speed | Within minutes (cash transfers) 1-3 days (bank and debit card transfers) | 0-2 days |
Dedicated Dealer | No | Yes |
Instant Custom Quote | Yes | No |
Business Features | N/A | Spot contracts Delayed contracts Limit orders Stop-loss orders Recurring transfers |
Debit Card | None | None |
Cancellation Policy | Cancellations are possible as long as the money hasn’t been claimed by the recipient. | Most money transfers can be canceled upon contacting Send Payments. Note that transfers that have been completed are seldom refunded. |
Suitability | Small money transfers | Small and large money transfers |
Top Rated Money Transfer Service
Company Comparison
MoneyGram | Send Payments | |
Year Founded | 1940 | 2018 |
Headquarters | Dallas, TX, US | Gold Coast, Queensland, Australia |
Other Office Locations | Denver (Colorado, US), Minneapolis (Minnesota, US), Brussels (Belgium), São Paulo (Brazil), Vancouver (Canada), Shanghai (China), Hong Kong (China), Mumbai (India), Jakarta (Indonesia), Dublin (Ireland), Rome (Italy), Mexico City (Mexico), Warsaw (Poland), Singapore, Madrid (Spain), Istanbul (Turkey), and London (UK) | Sydney and Melbourne (Australia) |
Annual Trading Volume | N/A | AU$200 million |
Number of Employees | 2500 | 60 |
Number of Clients | 150 million | N/A |
Regulatory Institutions | New York State Department of Financial Services in the USA FINTRAC in Canada FCA and HMRC in the UK National Bank of Belgium in EU | ASIC and AUSTRAC in Australia |
Awards | Best Cash Innovation and Best Comeback Story (PYMNTS Innovator Awards, 2016 and 2017) Technology Innovation Award (Asian Bankers, 2017) Money Transfer Awards (Mobex Africa Innovation, 2018) Top 100 Places to Work (The Dallas Morning News, 2021) Top Workplaces USA Award (Top Workplaces, 2022) Best Use of Blockchain in FinTech (FinTech Breakthrough Awards, 2023) | Best International Money Transfer Provider (Mozo Experts Choice Awards, 2020) Finnies Finalist (FinTech Australia Awards, 2020) Most Promising Money Transfer Service for 2022 (MoneyTransferComparison, 2022) |
MoneyGram Pros & Cons
MoneyGram Pros
- A vast range of payment methods
- Outstanding customer support
- Impressive rating on Trustpilot
- Diverse options for receiving funds
- Availability of cash pickup
- Extensive global presence, covering over 200 countries and territories
- Robust currency portfolio including 58 different major currencies
- A top-rated mobile application
- Extensive industry experience
- Swift money transfer services
- Loyalty rewards program
MoneyGram Cons
- Less ideal for handling large financial transfers
- Limited maximum transfer amounts
- A possibility of substantial transfer fees
- Above-average exchange rate markups
- Lack of hedging options for businesses
Send Payments Pros & Cons
Send Payments Pros
- A large selection of payment methods
- Top-tier customer service
- Stellar Trustpilot score
- No transfer fees
- Favorable exchange rates
- Fast money transfers
- Personalized care with dedicated account managers
- Customizable business tools including stop orders, limit orders, and delayed contracts
- 180 countries available
- Slick web design
Send Payments Cons
- No option for cash pickup
- A minimum limit of AU$250 for transfers
- A small selection of rare or exotic currencies
- No option for instant, tailored quotes
- No mobile app
Top Rated Money Transfer Service
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