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Western Union VS Parallax

Compare Western Union VS Parallax and see what are their differences

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Western Union logo Western Union

The Western Union is an international money transferring service that is officially partnered with most of the banks and financial institutions across the world.

Parallax logo Parallax

Receive money as if you were abroad. Save big with best rates and lowest fees. Withdraw instantly.
  • Western Union Landing page
    Landing page //
    2023-05-11
Not present

Western Union features and specs

  • Wide Reach
    Western Union has an extensive global network, allowing for money transfers to over 200 countries and territories.
  • Speed
    Transfers can be completed within minutes, making it a convenient option for urgent money transfers.
  • Various Sending Options
    Offers multiple ways to send money, including online, through the app, in person at a Western Union location, or over the phone.
  • Multiple Receiving Methods
    Recipients can receive funds in various ways such as bank account deposits, mobile wallets, or cash pick-ups at locations.
  • User-Friendly Interface
    The website and app are designed to be straightforward and user-friendly, facilitating easy navigation and transaction processes.
  • 24/7 Customer Support
    Provides round-the-clock customer support, ensuring help is available whenever needed.

Possible disadvantages of Western Union

  • High Fees
    Transaction fees can be relatively high compared to other money transfer services, especially for international transfers.
  • Exchange Rates
    Western Union's exchange rates are often less favorable compared to interbank rates, which can make the cost of transferring money more expensive.
  • Privacy Concerns
    Requires detailed personal information from both the sender and the receiver, which might raise privacy concerns for some users.
  • Regulatory Constraints
    Subject to various financial regulations which can lead to delays or restrictions on transfers depending on the countries involved.
  • Complex Fee Structure
    The fee structure can be complicated, making it difficult for users to understand the total cost of their transactions.

Parallax features and specs

No features have been listed yet.

Analysis of Western Union

Overall verdict

  • Western Union is considered a good option for international money transfers, especially for users who prioritize a wide network of locations and swift transfer times. However, fees can be higher compared to some digital-only competitors.

Why this product is good

  • Reach
    With a vast global network, Western Union allows users to send and receive money across over 200 countries and territories.
  • Speed
    It provides various options for money transfer, including cash pickup and bank transfers, often allowing for quick transactions.
  • Services
    Offers additional services like bill payments, money orders, and mobile wallets.
  • Reputation
    Western Union is a well-established company with over 150 years in the business of money transfers, making it a reliable choice for many users.

Recommended for

  • Individuals needing to transfer money to countries with limited banking infrastructure.
  • Users who prefer cash pickup options over bank account deposits.
  • Customers who require fast transfer times and are willing to pay higher fees.

Western Union videos

+ Add

Is Western Union a SCAM? (Exposed!)

More videos:

  • Tutorial - ✅ How To Use Western Union Money Transfer App Review 🔴
  • Review - Should You Use Western Union? 3 Cheaper Ways to Transfer Money Overseas

Parallax videos

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Category Popularity

0-100% (relative to Western Union and Parallax)

Western Union

Parallax

Online Payments
89 89%
Online Payments
11% 11
Finance
100 100%
Finance
0% 0
International Money Transfers
0 0%
International Money Transfers
100% 100
Payment Platform
100 100%
Payment Platform
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Western Union and Parallax

Western Union Reviews

Top 5 Payoneer Alternatives [2024]
Western Union has an agent network covering almost every country in the world. You can make transfers online or in person at one of Western Union’s more than 50,000 US agent locations. Western Union also offers a cash-pickup option when sending money overseas.
Source: www.exiap.com
Best money transfer apps of 2021
While cash pickup is an often-used feature of Western Union for many, there is also a mobile wallet option that has grown in popularity. But it’s really the Western Union app that has really revolutionised the service, simply because it’s so handy.
Source: www.techradar.com
Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B
“We were importing from overseas and paying Western Union a bunch of money,” he recalls. “It was all very slow.”
Source: techcrunch.com

Parallax Reviews

6 Cheaper Payoneer Alternatives for Your Online Transcations
Parallax is an emerging platform that allows you to move money faster and cheaper, simplifying international money transfers when you need it. By opting for Parallax, you can significantly reduce your transfer costs while enjoying reliable service.
Source: www.withparallax.com

What are some alternatives?

When comparing Western Union and Parallax, you can also consider the following products

PayPal Braintree - An all-in-one solution to accept, process, and split payments in your mobile app or online - from small business to large enterprise.

Remitly - Send money online with Remitly faster with great exchange rates and low transfer fees. Special new customer offer! 100% Satisfaction Guarantee.

ProPay - ProPay is a multiple payment making service provider that lets its users to make payment to anyone in any part of the world.

Revolut - The easiest, fastest way to save for your financial goals.

ACE Money Transfer - ACE Money Transfer is a web-based money transfer service for sending money easily and in a hassle-free mode.

Remitbee - RemitBee is a worldwide money transfer and mobile money company specialized in online money transfer. Its a convenient and user friendly service in which customers can send money online using their web browsers, tablets and mobile phones.

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