MoneyGram

Online Poker with MoneyGram

Moneygram

With over 256,000 agent locations operating in more than 194 countries, MoneyGram International is the second largest money transfer business in the entire world.

MoneyGram for US players

Due to strict legal regulations, which are a result of the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006, there are very few payment options available for US-based players. Of those that are available, none has as high a success rate as MoneyGram, which pretty much guarantees a 100% acceptance rate. For this reason alone, most US players consider this the best option if they value their time and do not want to waste time with possible payment refusal.

Do all US online gambling sites accept MoneyGram?

Like yourself, online gambling sites don’t want to waste time processing unsuccessful payments, but instead, want to send you on your way to play the many games they offer as soon as possible.

If you’re happy, they’re happy. So yes, MoneyGram is most definitely widely accepted by most top rated online poker sites.

Is MoneyGram safe?

When it’s the second biggest money transfer business in the world, and with companies such as Goldman Sachs and THL having significant ownership, it’s safe to assume that it’s reliable.

One reason why it’s so safe is because you do not need to reveal any bank details when using MoneyGram to make a cash transfer. This means that if by any chance something goes wrong with that single transaction, your bank account will not be compromised so no further damage is done.

Both sender and receiver need to provide proof of identity. This prevents scammers from sending your money and someone other than your intended recipient receiving the money.

Another added level of verification is in the form of a reference number, which you as the sender are given. You are then to send this reference number to the recipient, via SMS, email, or even over the phone. The recipient must provide this reference number in order to accept the transfer.

To further help protect you against fraud, MoneyGram has a very detailed Fraud Prevention section on their website to educate their customers on common scams and other fraud prevention related resources. We highly recommend you take a look at this section to help protect yourself from being a victim of fraud.

How to make deposits

One of the biggest reasons why people choose to use MoneyGram is because it allows you to send money even without a bank account. You can send money in person with cash, or online with your credit or debit card, or directly from your bank. What ever your preference, there is a right choice for you.

Making cash transfer in person:

  1. Request the required information from your online poker site for making a MoneyGram deposit.
  2. Go to your nearest MoneyGram Agent and fill out a send form and give the specified amount of cash.
  3. Once you’ve completed the transfer, you’ll receive a reference number.
  4. You’ll need to use this reference number on your poker account in order to confirm the transfer.
  5. When completed, the funds will be in your account, usually within a few hours.

Masking cash transfer online:

  1. Request the required information from your online poker site for making a MoneyGram deposit.
  2. Log into your MoneyGram account and navigate to the online transfer page.
  3. Enter in the recipient’s information and the amount you would like to transfer.
  4. Choose how method you would like to use to pay; Credit card, debit card or directly from your bank account.
  5. Complete the transfer and you’ll receive a reference number.
  6. Log back into your poker account and enter the reference number to confirm the transfer.
  7. The funds will be in your account within a few hours.

How to make withdrawals

While many online poker sites offer MoneyGram withdrawals, these are usually limited to players who made deposits using this same method.

To make the withdrawal, just head on over to the cashier section on the website, choose MoneyGram as a withdrawal method, enter some information about your MoneyGram account and the amount you want to withdraw. You’ll then be given a reference number which you’ll need to enter over at your MoneyGram account in order to complete the transfer. Using this method, you can expect to find the funds in your MoneyGram account in a couple of hours.

How much are the fees?

Perhaps one of the major drawbacks for using MoneyGram is the higher than average fee for making deposits compared to other forms of money transfer. However, it is still known to have lower fees than it’s main competitor, Western Union. Despite this expense, which can vary between 1 to a maximum of 10%, the upside for using this payment option is large. It is by far the single most reliable deposit method, especially for US players, in terms of acceptance and approval, with a success rate of almost 100%.

Some online gambling sites even reimburse your deposit fee when you make deposits over a certain amount, so make sure you pay extra attention to this when deciding on your online gambling site.

MoneyGram’s Reward Program

If you like the sound of being rewarded for something that you are already doing, then you must sign up for the MoneyGram rewards program online.

Once enrolled you’ll immediately receive a 5% discount on the fee every time you send money using your MoneyGram rewards number.

On top of that, you’ll also earn reward points, depending on how much cash transfer you make; A cash transfer of $0.01 to $50 earns you 50 reward points, transfer of %50.1 and higher earns you 125 points. For any transfer over $300, you’ll earn an additional 25 bonus points on top of the standard 125 points. Once you’ve reached 1000 points, you are considered a platinum member and can enjoy an extra 25% reward points per transaction you make for the remainder of the current and following year!

You can use these reward points to redeem a MoneyGram pre-paid visa and a variety of other gift cards, as well as enjoy fast money transfer.

Pros and ConsPros

Disadvantages
  • Making cash transfers requires you to physically go to an agency store.
  • More expensive than other payment options, but this is made up for with its almost 100% acceptance rate.
  • Processing time are not as fast as other payment methods.

Frequently Asked Questions

Is it safe?

As safe as any other deposit methods, with the added benefit of not having to reveal any personal bank details.

How many online gambling sites accept this form of payment?

Pretty much all US online gambling site will accept this form of payment due to not wanting to miss out on the near 100% approval rate.

What are the benefits of using MoneyGram?

Not only are you almost guaranteed a successful deposit and withdrawal, you also benefit from its reward program, which gives you extra bonuses, depending on how much you spend.

Are there any fees?

This is one area where using this method of payment incurs more charges than other options. The fee is high, but the advantages far outweighs this expense.

How long are the transfer times?

This is one area in which it doesn’t fair well compared to alternative methods. Deposits and withdrawals can sometimes take several hours, compared to the instant transfer times of other payment options. Though once you sign up to their loyalty program, these transfer times are reduced depending on your VIP level.

Can I use MoneyGram with my mobilephone?

Absolutely! Just download the MoneyGram mobile app and you’ll have the ability to make deposits and withdrawal right at your finger tips.