By Mohammed Waseem
Venturing into bill payment services is one way for money transfer companies to diversify. Most companies are probably forced to keep up with the technology in order to keep their customers feeling that they are ahead of others. Customers are the primary focus for every business because the businesses exists because of them.
Many money transfer companies have introduced bill payment and have launched mobile apps. A few have launched mobile wallets for mobile money transfer, and a few have also introduced prepaid cards of their own.
MoneyGram, which is among the leading money payment services, also has a bill payment service. Like money transfer, they have bill payment service at any agent location or online. Apart from these, payments can also be made with cash at Walmart, CVS Pharmacy, Albertsons and Advance America. The number of retail locations for cash payment is over 35,000.
A wide range of bills are accepted for payment by MoneyGram which include auto loans, rent, cable, phone, insurance and credit cards. Their fee starts at $1.49 and they offer same day, next day and 2-3 day services. Of course, they charge higher for same day payments; this can be used in order to avoid penalties for late payments. Notification for payment is received within 10 minutes for same day payments and accordingly for next day and 2-3 day payments.
Payments at an agent location requires that the customer gives the receive code for that biller and their account number. Card swipe facility is also available at select locations.
Bill Payment can also be made online at any time on MoneyGram website. Not all billers are available for online payment. The customer has to visit this link and enter the biller’s receive code and their account number. Payment is done using credit/debit cards. MoneyGram also offers bill payment solutions to businesses, which includes both in-person and online payments.
Just like their money transfer services, their bill payment service is convenient and accurate and their customer service is also quite good. So next time you look for options to pay your bills conveniently, you could consider MoneyGram as one.