The difference between Western Union and PAYPAL, credit cards, etc.

Online: PayPalPayPal account registration, 0 account opening fees, 0 annual fees, 0 integration fees, only a handling fee will be charged if the transaction is successful. There are more than 230 million registered users around the world, and it supports 1 billion credit card payments worldwide with a transaction fee rate of 4.4% 0.3 USD (you can apply for a rate of 3.4% 0.3 USD if you make a lot of transactions).

Offline: Western Union.

Can I use "Western Union" to accept foreign credit card remittances? How to do it?

If it is a remittance, the remittance method is:

A. The remitter goes to the nearest China Post Western Union remittance agent outlet, identifies the Western Union remittance logo, and fills in the remittance form.

B. Submit the completed form and payment to the post office for processing

C. After the remittance is completed, receive the remittance form and inform the recipient of the remittance information and remittance monitoring number. people. If the remitter reserves the payee's identity verification questions (the identity verification questions are regarded as the withdrawal password), they should also inform the payee. Both parties should pay attention to keeping the remittance information confidential during the notification process.

In this way, the designated payee can collect the remittance at any Western Union agent outlet around the world in just a few minutes.

If you want to withdraw money, the withdrawal method is:

A. After receiving the notice from the remitter, the payee must identify the Western Union remittance logo and go to the nearest China Post Western Union remittance agent outlet to handle the remittance. formalities. When withdrawing money, fill out the remittance receipt form, show your valid ID, and submit it to the post office for processing.

B. The payee must collect the Western Union remittance personally and cannot entrust others to collect it on his behalf.

Western Union remittance limit: The remittance limit is implemented according to the payment limit regulations of the other country and the regulations of my country's foreign exchange management policy. my country's personal foreign exchange export limit is US$2,000 per person per time (including US$2,000). The foreign exchange collection limit is US$10,000 or its equivalent in RMB.

About Western Union Credit Card

The information I have seems to be that this system has not been implemented for the time being. MS Western Union has not delegated authority to its cooperating banks, so now you still have to collect foreign exchange. I picked it up at the bank. If you want to transfer money directly to your card, the other party can choose the overseas remittance service and transfer it to your card. This requires you to go to the card issuing bank and ask for the SWIFT code

That’s it for the introduction to Western Union credit cards.