Moneygram Casinos are not rare in the US market. As you know, USA players don’t have many options to deposit and withdraw their casino earnings. This, combined with the fact that Moneygram offers additional services such as prepaid VISA cards, make them an attractive option.
Moneygram International is a money transfer company, founded in 1940 with base in Dallas, Texas. When people think about money transfer, first name that comes to mind is Western Union (which we recently reviewed). Right after them in volume of operations is Moneygram, with more than 350,000 agents distributed around the globe.
There are clear advantages of using this service, but this will mainly apply to USA players. If you are located in Europe stop right here! You will find more relevant options, such as e-wallets and e-transfers in our Casino Banking Section. If you are located in United States, stay with us and read everything you need to know about Moneygram casinos.
It won’t be easy finding out if your selected casino accept Moneygram or don’t. We couldn’t see their logo displayed on any casino site, so we asked. We got in touch with their online representatives checking for confirmation. It is said that Moneygram don’t want to be associated with gambling activities, therefore no logo is listed on any gambling site.
Moneygram was originally known as Traveler’s Express. Founded in 1940, became the largest money order provider in the United States. They expanded to international markets in 1990, opening more than 100 new branches.
In 1998, Travelers Express acquired MoneyGram Payment Systems, which was originally founded by an American Express subsidiary in 1988. Since then, they became the second largest name in money transfers with more than 350,000 branches in 200 countries around the world.
Many users enjoy their services which include money transfers, payments, electronic bill payments, official check services and traditional money orders.
How to deposit using Moneygram
After finding the casino you like, first thing you need to do is contact their online support and check if they accept this payment method. As mentioned before, it is unlikely that you will find their logo in the banking section so just contact them and double check.
Another reason to do so, is the fact that Moneygram transfers are done manually and you will need the casino details to proceed. Once you get all the information needed, you are ready to deposit.
In some jurisdictions, you can request an online transfer from their website, using your credit card or bank account. For the ones that don’t have this chance or prefer to pay in cash, the only option available is to physically go to the local Moneygram agent.
After making the transfer, you will get a reference number from Moneygram. Please contact the casino finance department and provide this code to complete the deposit. They will process your request within their specific frame time for deposits.
Keep in mind that while many online casinos cover the fees, in this case is most probably that you will have to pay for them. Fees are usually high compared to other payment methods. In this case is 1% of the transaction value.
Withdrawing your Casino Earnings
Some casinos allow withdrawals through Moneygram but note that there won’t be many. You can count on us and go for the online casinos listed above. They are reputable and they pay fast. If withdrawals take longer with Moneygram, at least you know these casinos will process them faster.
How it goes? Basically you will need to contact the casino and inform them that you would like to process your withdrawal using this method. Provide them with the information requested and once they proceed with the transfer, they will send you another reference number (like the one mentioned above) that you can use to retrieve your many at the local agent.
Take into consideration that there’s a max limit of $1,500 that can be transferred.
Advantages of Moneygram
This payment method is one of the few that are really versatile. You can use it in many places, without even owning a credit card. If we are talking about casinos, this payment method only becomes handy for USA players who are deprived of better alternatives.
Another advantage is the fact that you can use cash to deposit and control your expenses easily. It is secure and safe, without risk of identity theft or electronic fraud.
What are the Disadvantages?
There are many disadvantages of using this payment method.
First one are the fees. As mentioned previously, there are transaction fees that may be charged by the casino, plus the 1%. There will be few online casinos accepting Moneygram for withdrawals, but the ones who do, will likely charge you for this. There’s also a need for currency exchange, that adds up to your expenses.
The fact that transactions are processed manually, makes it slower. This means you won’t be able to play immediately neither won’t receive your casino funds fast. Lower limits start around $150 for withdrawals. A maximum of $1,500 doesn’t help either…
- Relevant for USA players.
- Safe and Secure.
- Online transactions available
- Fast deposits.
- Available in non regulated jurisdictions.
- Good option if no other methods available.
- Fees are high.
- Timeframes are slower.
- Inconvenience to have to go to the agent.
- Slower withdrawals.
- Manual process.