As far as casino payment methods go, money transfer services are some of the fastest, like MoneyGram. Like other services used as withdrawal and deposit methods, MoneyGram will transfer funds between your casino and bank accounts.
But, what is it, and how does it work at casinos in the United States? Well, it allows you to deposit directly into your bank, credit union, or other financial accounts. Moreover, you can pick up money in person at a MoneyGram agent location.
While this payment option might not have the largest market share, it’s rapidly growing in the casino industry. Since this money transfer company only shifts funds, it can technically be used at any casino. So, let’s get started with this guide to using the service at a casino that accepts MoneyGram.
To use this payment service, you’ll need to find a casino that accepts it first. Then, you’ll have to look at the cashier page and see what the fees, limits, and time frames are. Or, you can contact customer support for more information if you can’t find what you need.
When you’ve confirmed that you can use it, you’ll need to find your closest MoneyGram location. After that, you can follow our steps below to deposit and withdraw your funds.
How to Make A Deposit
Contact the casino to get their MoneyGram transfer details for the transfer. But remember: the fund transfers will have a fee for each payment.
Then, go to your closest agent location with the details you just got and your personal ID. Or, use the website portal to make the deposit.
After making the transfer, you’ll get a reference number (by email or on a paper) that you can share with the casino.
Share your reference number with the casino, and they will verify it, if you used the correct details.
Once your deposit is verified, you’ll be credited with your funds to start playing.
How to Get a Payout
When you want to receive money, you’ll need a reference number from the casino and your valid identification. Withdrawals using MoneyGram usually take between 12 and 36 hours, depending on the casino you’re signed up to and its processing times.
While the payment method doesn’t charge fees, the casino will, but these will vary a lot. So, double-check those before you request a payout.
Pros and Cons of MoneyGram Casinos
Like any service in the world, there are benefits and drawbacks to using MoneyGram online casinos. To help you decide, we’ve listed the top reasons for and against the service below.
Readily Available: MoneyGram has thousands of locations and a website to make things easier for you.
Convenient: online transfers are available 24/7, which makes funding your account quick and straightforward.
Speedy Transactions: unlike most other money order services, the processing times are reasonable.
Tracking Unavailable: when you make a deposit or wait for your transfer, you can’t track it at all.
High Fees: for every $100 sent, you could pay up to $10 when making deposits and withdrawals.
History of MoneyGram
Back in the 1940s, MoneyGram was established in Dallas, Texas, as a bank transfer service similar to Western Union. However, the service we know today is the result of many mergers and acquisitions.
These days, MoneyGram is a subsidiary of American Express, which allows it to have better online services. So, using it to fund your real money accounts will be safe, quick, and straightforward.
Overview of MoneyGram Casinos
Whether you’re looking for a safer service to use or lower fees, MoneyGram is a great option for most players. Since you can get your cash in person or digitally, there’s no reason not to try it at least once.
Of course, there are some drawbacks, but no payment method is perfect these days. Especially, when you’re playing at a casino site in the US.