When transferring funds overseas, should you use MoneyGram or Azimo? While both companies specialize in international repatriation of funds, selecting one over the other requires that you consider different aspects. If you add banks to the comparison, turning to either of these companies will, in all likelihood, result in a better deal.
Transfer your money through Azimo or MoneyGram only after you examine each of these factors:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
Fund Transfer Fees
Whether you pick MoneyGram or Azimo, the fees you end up paying will be lower than those most banks charge.
- MoneyGram fees can vary according to the destination country, payment method, and transfer method.
- Payments via debit and credit cards usually attract higher fees compared to payments via bank transfers.
- Transfers to cash pick up centers also tend to attract higher fees than transfers to bank accounts.
- You can find out the fees you will have to pay by using the MoneyGram calculator.
- The destination country and transfer method have an effect on the fees Azimo charges.
- Electronic bank transfers usually attract lower fees than SWIFT transfers.
- Azimo informs you of the fees it charges in advance.
- Read the Azimo review to find out more about the fees this company charges.
Ease of Use
Signing up with Azimo or MoneyGram requires that you submit a simple online application. You can begin transferring funds only after the company you sign up with verifies your details.
- MoneyGram serves individuals and businesses
- Access to the MoneyGram website comes in a number of languages, including Spanish, Italian, French, German, Portuguese, Swedish, Norwegian, Chinese, and Japanese.
- Available payment methods depend on where you live. Your options can include paying via cash, debit cards, credit cards, and electronic bank transfers.
- Depending on the destination country, the recipient can collect transferred funds at a cash pick-up center or receive the money directly into a bank account.
- MoneyGram Plus members can use apps for iOS and Android on their mobile devices. They receive email notifications about existing transfers.
- You may register as an individual or a business
- Azimo lets you sign up using your Facebook account.
- Other than English, you can access the Azimo website in Spanish, Italian, French, Portuguese, Dutch, Russian, Polish, Turkish, and Romanian.
- Transfer methods offered depend on the destination country.
- In addition to transferring funds to bank accounts and cash pick up centers, Azimo provides SWIFT transfers.
- In some countries, you can top off prepaid mobile phones.
- You can pay for your transfer via electronic bank transfers, debit cards, and credit cards.
- Other location-specific payment alternatives include Trustly, iDEAL, and Sofort Überweisung.
- All Azimo customers get access to apps for iOS and Android.
Regular Overseas Payments
Picking either MoneyGram or Azimo will not do you much good if you want to set up regular transfers as neither offers this functionality yet.
- Which company would you choose – MoneyGram or HiFX?
- Do you think HiFX is the clear winner in the comparison between Azimo vs HiFX