Western Union – Worldwide Fees Shocker.

I was trying to find how much it costs to send money between the US and Hong Kong.

Western Union was the first company to spring to my mind as it has shop locations almost everywhere worldwide.

W.U seems like a friendly company judging by it’s wording on it’s websites but it does not make it easy to find the actual cost of a transaction. Only in the US sites is there a calculator to find the total cost. I also came across this article in my searches. So I tried the calclator to find out :-

WU_charges2.jpg

Jee-e-e-e-zus-ss Kryst ! That’s a 32% fee !!

And I thought Paypal was bad. Paypal inserts +4% in it’s currency conversion and +4% at the seller’s end as a transaction cost. That’s a total of 8%. It’s not good, but it’s nowhere as extortionate as Western Union.

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