When you think about Western Union, the first things that come to your mind are trustworthiness, security, and speed. Younger players do not know that this massive company started operating almost two centuries ago, trying to develop an efficient telegraph system in the United States of America.
In the 21st century, Western Union is a global company with a strong network available in 200+ countries. More than 150 million people use its services at more than half a million agent locations and 100,000+ ATMs and kiosks.
As for the online money transfer platform, it is present in over 45 countries, and players can move their money hassle-free.
What is Western Union?
The easiest thing to say here is that Western Union is a online banking method that players use to transfer their money to their online casino accounts. However, the USA company is so much more. The story begins in 1851 when the New York and Mississippi Valley Printing Telegraph Company and the New York & Western Union Telegraph Company joined forces to create Western Union. Their sole goal was to establish an efficient telegraph system that would cover the entire country.
By the end of the 19th century, Western Union had a strong national network, which allowed them to introduce the money transfer service. With the development of the telephone, the money transfer service turned into the leading business. Western Union can be used for online gambling The 20th century ended with the introduction of online money transfer services. Soon after that, Western Union began creating mobile apps. WU understood that mobile payments would be the future, providing its customers with state-of-the-art technologies.
Now, Western Union is a trustworthy money transfer processor and a reliable banking method for online casinos. Plenty of online casinos out there accept Western Union as a payment option.
Western Union Account
Online transfers with Western Union require a registered account. So, to deposit money online, you have to create an account, which is quick and free. Some of the info that you need to provide is your name and contacts, date of birth, and a security question. Before you start using the account, you have to agree to the terms of service and online privacy statement. If you pay in cash, you do not need an account, but more about that later.
Facts
Payment Type
Wallet
Headquarters
Denver, USA
Founded
1851
Pros
A service used by millions of people
Present in almost every part of the globe
A Bank account is not needed
Cons
Somewhat complicated to make deposits
High transfer fees
How to Deposit with Western Union?
When you create an account at an online casino, go to the cashier and click on the Western Union logo to select this banking method. Your next step is to contact customer support. Agents will provide you with instructions and information you need to deposit your money. If you select Money Order, you will be paying through the WU website or the mobile app.
Another way to go is the P2P cash transfer. If that is the case, you need to visit the nearest Western Union location to pay in cash. Wait for the MTCN (the tracking number), which you will need to deliver to the online casino. Usually, the money will be on your balance quickly. In some cases, it could last up to 3 working days.
How to Withdraw with Western Union?
Western Union is not that popular when it comes to withdrawals. However, it is possible to withdraw money with WU. The procedure is pretty much the same as when making deposits. Again, the generated MTCN code is crucial here. Without it, you cannot withdraw the money.
If you use the mobile app, you need an account. If you pay in cash at one of the WU locations, you do not need an account.
Transfer Times and Fees
When making deposits, it usually takes seconds to see the money on your balance. Of course, if you use the online transfer. If you pay cash, it could last some time. Anyway, Western Union states that transfers take between 1 and 3 working days. Not a single player likes it when a banking method comes with transfer fees. Unfortunately, Western Union is one of those payment options. Fees go as much as 6% and depend on various factors, such as the order method, location, service chosen, etc.
Security
A company that has been present on the market since 1851 is most definitely safe and trustworthy. For example, Western Union is regulated by the Financial Conduct Authority in the United Kingdom, and by the Financial Crimes Enforcement Network in the USA.