Does Walmart Have MoneyGram in 2022? Yes, Here‘s What Every Seller Needs to Know
As an ecommerce business owner, I‘m often asked if major retailers like Walmart offer services like MoneyGram that can help with order fulfillment and shipping.
The quick answer is – yes, Walmart does provide MoneyGram money transfer services at over 4,000 locations as of 2022.
But as a seller, you likely want to know all the ins and outs before relying on MoneyGram at Walmart for your business needs.
In this detailed guide, I‘ll cover everything sellers need to know about using MoneyGram via Walmart for transfers and payments based on my expertise.
Here‘s what we‘ll cover:
- Overview of MoneyGram services at Walmart
- How to send & receive money via Walmart MoneyGram
- Locations, hours, limits & fees
- Speed & convenience benefits
- Tips for safely using MoneyGram with your business
- Alternatives like Western Union & Walmart2Walmart
- And much more!
Let‘s get started!
A Quick Primer: What is MoneyGram and How Does it Work?
For sellers who aren‘t familiar, MoneyGram is a leading global money transfer service available in over 200 countries. Some key facts:
- Founded in 1940, HQ in Texas
- 350,000+ agent locations worldwide
- Transfers done in minutes between locations
- Send cash or direct to bank accounts
- Maximum transfer size is $10,000
MoneyGram allows you to send and receive funds either via cash pick-up at locations or directly deposited into bank accounts digitally. This makes payments and transfers convenient and fast.
Now let‘s look specifically at how Walmart fits into the equation…
Does Walmart Have MoneyGram in 2022?
Yes, as of 2022 Walmart provides MoneyGram money transfer services at over 4,000 store locations across the United States.
Walmart has partnered with MoneyGram to offer a convenient and affordable way for customers to send and receive domestic and international money transfers.
Some key benefits for sellers:
- Wide reach – With 4,000+ locations, you‘ll always have access nearby.
- Speed – Funds available for pick-up in minutes in most cases.
- Lower fees – Competitive rates starting at $1.99.
- Trusted – Reputable brand names like Walmart and MoneyGram.
Later I‘ll cover locations, fees, limits, and hours in more detail. But first, let‘s look at how MoneyGram at Walmart works for sending and receiving transfers.
How to Send Money using MoneyGram at Walmart
As a seller, you may want to send payments to suppliers or contractors. Here are your options for sending money via MoneyGram at Walmart:
In-Store
This method is best if you want to pay with cash.
- Go to the Money Services desk with photo ID and cash.
- Provide recipient name, transfer amount, and payout details.
- Pay applicable fees.
- Recipient can pick up funds quickly.
Walmart App or Website
Convenient if you want to pay with a bank account:
- Initiate transfer on the app or website.
- Input recipient details and transfer amount.
- Take the reference number to a Walmart to complete the transaction.
- Recipient will have access to the funds shortly.
The fees to send money with MoneyGram at Walmart are:
| Transfer Type | Fee |
|---|---|
| Domestic | $1.99 + additional fees over $1,000 |
| International | $8 + additional fees over $1,000 |
So it‘s very affordable, especially for domestic transfers.
How Fast is the Money Available?
One of the biggest advantages of MoneyGram is quick access to funds:
- 10 minutes: From one Walmart to another
- Under 1 hour: Between MoneyGram agent locations
- 1-2 days: For direct bank account deposits
This makes MoneyGram at Walmart one of the fastest ways to send money. Especially useful when you need to make time-sensitive payments.
Receiving MoneyGram Transfers at Walmart Locations
On the flip side, you may need to receive payments from customers or other businesses.
Here‘s the process to get MoneyGram funds at Walmart:
- Go to the Money Services desk or customer service.
- Show photo ID and provide sender‘s details.
- Collect the cash transfer amount.
If the money was sent directly to your bank account, no need to take action. It will deposit automatically within 1-2 days.
Major Benefits of MoneyGram at Walmart for Sellers
Based on my experience as an ecommerce seller, here are some of the biggest advantages of using MoneyGram through Walmart:
Late and weekend hours – Walmart locations are open evenings and weekends which is useful for managing a business. Banks typically close earlier.
Faster payments – MoneyGram transfers are completed in minutes or hours. Bank wires can take 1-3 days.
Fee friendly – MoneyGram fees at Walmart are very reasonable, making frequent transfers affordable.
Supports unbanked payees – Recipients without bank accounts can still easily collect cash. Useful for some vendors.
Easy reconciliation – MoneyGram provides transfer receipts and reference numbers for your records.
What Payment Methods Can Be Used?
When sending MoneyGram transfers in-store at Walmart, you can pay fees and provide the funds with:
- Cash
- Pin debit cards
- Walmart gift cards
If initiating MoneyGram transfers online via the Walmart app or site, you can also pay directly from your:
- Debit card
- Credit card
- Bank account
So sellers have flexibility to use business accounts, personal funds, etc.
Tips for Safely Using MoneyGram With Your Business
As a seller, security with money transfers is critical. Here are my tips for safely using MoneyGram:
Verify recipients – Only send money to trusted individuals and companies you know.
Double check details – Carefully confirm recipient names, transfer amounts before sending.
Keep transfer details private – Don‘t share your reference number or other info publicly.
Pick up quickly – Have recipients collect funds ASAP once received.
Save receipts – Keep MoneyGram receipts for accurate record keeping.
Watch for fraud – Beware of any suspicious communications. Report to MoneyGram if concerned.
Check limits – Know the $10,000 per transaction and daily limits to avoid issues.
By taking basic precautions, MoneyGram is reliable for business payments and transfers.
Where Can I Send Money Globally Using MoneyGram?
With over 200 countries supported, MoneyGram at Walmart locations allows extensive global reach:
Top International Transfer Destinations
- Mexico
- China
- India
- Philippines
- Vietnam
Other Key Countries Supported
- Canada
- Dominican Republic
- Guatemala
- El Salvador
- Poland
- Nigeria
- Romania
So whether you need to pay manufacturers overseas or receive customer payments from abroad, MoneyGram likely has you covered.
What Are MoneyGram‘s Transfer Limits at Walmart?
If you will be transferring larger amounts for your business, take note of MoneyGram‘s limits at Walmart:
- Maximum per transaction – $10,000
- Daily transfer limit – $10,000
- Monthly transfer limit – $20,000
Additional ID verification is required for transfers above $999 as a security measure.
Can I Cancel MoneyGram Transfers at Walmart?
Made a mistake on a transfer? As a seller, it‘s good to know MoneyGram payments can be cancelled for a full refund within 30 minutes of sending by:
- Calling 1-800-926-9400
- Providing the transfer details and reference number
- Requesting the agent cancel and refund
This provides some peace of mind shortly after making a transfer.
Resolving MoneyGram Transfer Issues
Hopefully everything goes smoothly, but if you have an issue as a business owner, here are some tips:
- Disputes – Contact 1-800-444-1880. They can help resolve disputes.
- Tracking – Call 1-800-926-9400 to track a transfer status.
- Refunds – Must be done at original sending location within 30 minutes.
- Fraud – Notify MoneyGram immediately for suspected fraud.
You can also speak with Walmart’s Money Services desk for assistance.
Comparing MoneyGram vs Walmart2Walmart Transfers
Walmart also offers Walmart2Walmart money transfers directly between Walmart locations. How does this compare to MoneyGram?
MoneyGram tends to have:
- Faster access to funds in 10 minutes. Walmart2Walmart is 1-2 days.
- 350,000+ agent locations globally vs just Walmart stores.
- Ability to send money internationally.
However, Walmart2Walmart has:
- Lower fees for transfers under $50 domestically.
- Easier direct Walmart to Walmart money movement.
So for international payments or fastest transfer speeds, MoneyGram would be my recommendation for sellers. But Walmart2Walmart can sometimes be cheaper for small domestic transactions.
MoneyGram vs Western Union for Business Transfers
Walmart also provides Western Union services. As a seller, which is better – MoneyGram or Western Union?
MoneyGram tends to offer:
- Lower fees, especially for international transfers.
- Faster transfer completion times.
- Wider agent location network besides Walmart.
Western Union provides:
- More payout options like bank account and cash pick-up.
- Loyalty program with fee discounts.
- 100,000+ agent locations globally.
Overall, I would suggest MoneyGram for the lower costs. But Western Union does have a robust global presence with near cash-like transfer speeds.
As a seller, it‘s worth comparing costs for your specific transaction needs.
Final Thoughts from an Expert Seller
As an experienced ecommerce business owner, I highly recommend MoneyGram services at Walmart for convenient, affordable, and fast money transfers.
In my experience, MoneyGram has proven reliable for paying suppliers and contractors as well as receiving customer payments both domestically and internationally.
Just be sure to follow basic security tips, know the limitations, and leverage the speed and low fees that MoneyGram at Walmart provides.
Let me know if you have any other questions! I‘m always happy to share insights from my years as an active seller and MoneyGram user.
