WorldRemit or Western Union – is one of these international fund transfer companies preferable ton the other? There is no straightforward answer to this question, given that both companies specialize in overseas repatriation of funds. However, there is no disputing the fact that both companies excel beyond the prominent banks.
When comparing online businesses, you can turn to Trustpilot to find out what customers have to say. Scores of the Western Union vs. WorldRemit comparison on this platform are along expected lines. While Western Union’s average score is 8.0 out of 10, WorldRemit achieves a considerably better score, averaging at 9.5 out of 10.
Regardless, selecting Western Union or WorldRemit requires that you pay attention to different aspects. This comparison is divided into sections accordingly:
- Exchange Rates
- Ease of Use
- Regular Overseas Payments
International Funds Transfer Fees
If you do not want to pay the typically high transfer fees that most banks charge, you can use either WorldRemit or Western Union.
- The destination country can influence WorldRemit transfer fees.
- WorldRemit transfers to a given country, irrespective of the amount and method, usually attract a flat fee.
- Transfers to cash pick-up centers tend to attract higher fees in comparison to bank account transfers.
- Read the WorldRemit review for more details.
- Western Union fees can vary according to the destination country and transfer method.
- A bank account transfer is normally less expensive than transferring funds to a cash pick-up center.
- Making a payment via an electronic bank transfer attracts lower fees in comparison to paying with a debit or credit card.
- Check how much you will have to pay as fees by using the Western Union price estimator.
Ease of Use
You can sign up with Western Union or WorldRemit in a matter of minutes. After the company you sign up with verifies your credentials, you can begin transferring funds.
- You can access the WorldRemit website in English, Spanish, and French.
- The most common ways to pay for your WorldRemit transfer include bank account transfers and debit cards.
- WorldRemit also accepts payments via credit cards.
- Depending on where you live, other payment options include POLi, iDeal, Interac, and SOFORT.
- WorldRemit processes electronic transfers to bank accounts in most countries.
- In some countries, recipients can visit cash pick-up locations to collect transferred funds in person.
- If the recipient lives in the Philippines, he or she can receive transferred funds at home.
- WorldRemit lets you top off mobile wallets and mobile airtime in some countries.
- The company provides apps for devices that run on iOS and Android.
- You can use the Western Union website in a number of languages other than English, some of which include French, German, Italian, Japanese, Portuguese, and Spanish.
- Depending on where you live, you can pay for your transfer using a credit card, a debit card, an electronic bank transfer, or cash.
- You can transfer funds using the Western Union website, by visiting any Western Union center, or over the phone.
- Available transfer methods depend on the destination country. Your options can include sending money to a cash pick-up center, transferring funds to a bank account, and topping off a mobile wallet.
- You can use Western Union to transfer funds to inmates in the U.S.
Regular Overseas Payments
If you want to set up scheduled transfers, choosing WorldRemit or Western Union will do you no good, since neither company offers this service currently. Some companies that let you schedule transfers according to your needs include OFX, TorFX, HiFX, and World First.
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