If you have arrived at a shortlist of transfer firms and are not sure about your choice between FC Exchange and MoneyGram, you are not alone. People with this predicament often look for a solution online. While both companies score well over banks in different ways, selecting one requires that you identify your individual needs first.
Paying attention to the similarities and differences in how these companies operate will give you the ability to make the right choice. Check all the following sections of this MoneyGram vs. FC Exchange comparison before deciding:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
Fund Transfer Fees
Select FC Exchange or MoneyGram only after you understand how their fee structures work, as this factor has a bearing on the cost of your transfer.
- The mode of payment and the destination country have an effect on the fees you pay.
- FC Exchange informs you of the fee it charges in advance.
- Some transfers attract fees charged by intermediaries, which FC Exchange cannot calculate in advance every time.
- Check the FC Exchange review for further details.
- The country you reside in, the destination, country, the mode of payment, and the transfer method affect the cost of your transfer.
- Typically, paying via an electronic bank transfer attracts lower fees when compared to paying using a debit or credit card.
- Transferring funds to an overseas bank account tends to cost less than getting the recipient to collect money from a cash pick-up center.
- Use the MoneyGram calculator to find out how much your transfer will cost.
Ease of Use
This aspect of the MoneyGram vs. FC Exchange comparison favors one company over the other when it comes to website access in foreign languages, as well as transfer methods. Completing the online registration process takes no more than a few minutes with both companies.
- The global FC Exchange website lets you register as an individual or a business.
- Access to the global FC Exchange website comes only in English.
- You can place transfer orders online and over the phone.
- The company, using its discretion, can accept orders via fax or email.
- Access to the MoneyGram website comes in various languages, which include English, Spanish, French, Portuguese, German, Italian, Japanese, and Chinese.
- Depending on your country of residence, you can pay for your transfer via an electronic bank transfer, a debit or credit card, or even cash.
- You can transfer funds to an overseas bank account or to a cash pick-up center, depending on the destination country.
- Members of MoneyGram Plus gain access to apps for mobile devices. You receive transaction notifications and you can also view transaction history.
Regular Overseas Payments
When it comes to regular overseas transfers, this FC Exchange vs. MoneyGram comparison favors the former. Setting up pre-scheduled transfers using FC Exchange is simple. However, MoneyGram does not currently provide this service.
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FC Exchange Vs MoneyGram Updates
- 4th April 2017: FC Exchange no longer offering Online Seller features and has been removed from this comparison.