Question for Western Union users

[Trigg]

WU takes a fee to change to RMB. YourSO cab get a better rate so specify you want it recieved in USD.

[philb]

when asked...I always say to pay out in RMB or Yuan.

They give her 8.26 : 1

Some folks have suggested a Paypal account deal. Not my thing...but maybe you want to look into it.

Phil

[Guest DragonFlower]

Be aware that not all Post Offices handle Western union.

In the little town where my wife's parent'ss live,no dice.

So ,if sending to a small town,it would be best to have someone check to make sure.This might be solved with a bus ride to a bigger town.

 

In Shenzhen ,no problemo.I send US payout,Sometimes RMB payout.

About 200 locations.After dealing with European money changers,I think WU exchange rate in China is plenty fair.

 

long

[C4Racer]

What is the advantage of Western Union over direct wire between your bank and the recipient's account?

The major advantage is you know it gets to the person you specify. International tranfers are great between certain countries. Each country has a rating which tells the risk factor. Between here and Switzerland you could be guaranteed of the tranfser. Russia and the former Soviet States have a high risk factor which means the bank will guarantee is departs, but can't guarantee it will arrive at the right bank. I am not sure what rating China has. I was told this by a bank officer.