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Money Transfer Service Terms

Sending money electronically through a money transfer service is a safe and secure way to send money quickly. There are many different types of money transfer services, both domestic and foreign that operate either in traditional storefronts, online or both. If you have never used a money transfer service before, below are some quick terms that outline the process.

  • Money Order – One of the most common types of transfer services that works like a check. The buyer obtains the money order from a transfer service by paying in cash or credit card. The buyer then uses it to pay a bill. Because the cash from the money order is guaranteed, many businesses that do not accept personal checks will accept money orders.
  • Currency Converter – Different countries have different types of currency, or money denominations. To transfer or send money overseas the currency will have to be converted from the sender's currency to the receiver's currency. This is done based on the exchange rate.
  • Exchange Rate – The value of one type of currency compared against the value of another type of currency. For example, it would be the value of one American dollar against one Euro. Used when transferring money to foreign countries.
  • Wire Service – Many transfer services use the term wire to refer to sending money to a recipient. This involves electronically transferring money within the system. Money can be transferred to a bank account or picked up in cash. For a cash pickup most businesses will require that the sender list the recipient's name, and the recipient must bring a valid ID to obtain the cash.
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    Moneygram
    If you are in need of a money transfer service in the local Arizona area, be sure to call our trusted firm. We make sure your money gets where it needs to go fast so you can rest easy with our money transferring.
     
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    Transfer for Less
    10748 W Bell Rd, Sun City, AZ 85351
    Audio and video transfer services available. We also handle photo scanning. Since 2007, we have been proudly providing local clients with high quality transfer services. Call us for information.
    (623) 977-0066
    Southwest Check Cashing
    4220 W Northern Ave, Phoenix, AZ 85051
    (623) 842-3777
    Buckeye Title Loans
    135 E Ray Rd, Chandler, AZ 85225
    (480) 899-1500
    Buckeye Title Loans
    1214 W Baseline Rd, Mesa, AZ 85202
    (480) 897-0400
    Buckeye Title Loans
    1930 W Indian School Rd, Phoenix, AZ 85015
    (602) 277-3222
    Buckeye Title Loans
    21 S Signal Butte Rd Ste 101, Apache Junction, AZ 85120
    (480) 380-2300
    Arizona Financial Service Centers
    3443 W Thomas Rd, Phoenix, AZ 85017
    (602) 272-1300
    Western Union
    331 E Chandler Blvd, Chandler, AZ 85225
    (480) 963-4829
    Dollar Rent A Car
    3261 E Mcdowell Rd, Phoenix, AZ 85008
    (602) 286-1183
    Dollar Rent A Car
    1514 E Van Buren St, Phoenix, AZ 85006
    (602) 254-4707
    Dollar Rent A Car
    8036 N 27th Ave, Phoenix, AZ 85051
    (602) 335-8960
    Dollar Rent A Car
    330 S Gilbert Rd, Mesa, AZ 85204
    (480) 668-9013
    Dollar Rent A Car
    6530 W Glendale Ave, Glendale, AZ 85301
    (623) 930-5775
    Dollar Rent A Car
    535 E Southern Ave Ste 5, Mesa, AZ 85204
    (480) 615-6007
    Dollar Rent A Car
    3620 E Thomas Rd, Phoenix, AZ 85018
    (602) 778-5290


    Money transfers are handy when you want to receive cash in a fast and secure manner. People use money orders for a variety of purposes. For example, many people rely on these services to convert currency when traveling overseas. Individuals who go abroad often need cash to be exchanged into foreign bills. This is often safer than drawing funds from one’s bank account in certain outside countries and locations. In general, the value of a money order is predetermined by the sender before being wired to its recipient. In addition, most vendors that process these orders extract a small fee from the sender. Once the order has been processed, most services provide their customers with stubs and receipts to keep for their personal records. Money order vendors can be found in a wide variety of locations. For instance, in the United States, post offices regularly process money transfers. In addition, retailers such as grocery stores and convenience stores commonly convert currency and process orders for their customers. Like many money order services, many of these online vendors provide their customers with exchange rate information and many other important details. Before undergoing a money transfer online, it is best to research an online service’s credentials and make sure they are able to perform their duties competently. Since money and wire exchanges often involve large sums of cash, many laws and safeguards are put in place to ensure these operations are protected. In the United States, for instance, federal laws prohibit money orders from exceeding a thousand dollars. In addition, they are held to tight regulatory requirements in order to prevent counterfeiting and increase the safety and security of both senders and recipients. Overall, cash transfer services provide essential assistance to people around the globe.
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