MoneyGram Casinos

History

The company in its current form is the result of a serious of mergers and acquisitions over the years. In 1940, Travelers Express was founded, and would grow to become the largest provider of money orders in the United States. By the 1990s, the company had gone international with locations in over 100 countries.

In 1998, Vlad Corporation – Travelers Express’ parent corporation – acquired MoneyGram Payment Systems, which had been founded by a subsidiary of American Express back in 1988. The combination of the two businesses allowed their reach to grow across the world, to regions that were previously unserved, like Asia, Eastern Europe, and Central America. In 2017, Ant Financial Services Group announced that they would purchase the company for $880 million.

How to Use

In order to use this service to make a deposit, you’ll need to first find a casino that accepts this method. Then, you’ll want to take a look at their cashier page and see what information they provide to you. There, you may find the details you need in order to initial a money transfer; alternatively, you may need to directly contact customer support in order to get the necessary information to process your request.

Once the site has informed you of where to send the funds, you’ll need to actually push through the request. In some jurisdictions, this can be done online through the company’s website. In these cases, of course, you’ll be required to use a credit card, bank account, or other electronic payment method to pay for your order. But since most people would just use those methods to make a deposit if they are available, we imagine most of those using this service will instead want to find a local MoneyGram agent that can take cash. These can be looked up through moneygram.com, and usually consist of local retail outlets from which money can be sent or picked up.

After you complete the purchase, you’ll be given a reference number from MoneyGram. At this point, you should once again contact the casino and provide them with that number, so that they will know when your funds have arrived and can track the progress of your deposit. Once they receive the money, they’ll release your funds into your account balance, and you can begin playing on their site.

Not sure whether you want to withdraw money to your credit card, open an account with an e-wallet, or deposit with Bitcoin? We recommend you check out our guide to online casino payment methods.

Advantages and Disadvantages

The biggest advantage that MoneyGram provides for users is the flexibility to use it just about anywhere in the world, with any payment method. Even if you want to pay in cash, you can easily walk up to an agent and pay on the spot, with no questions asked. It is also a secure and safe way to transfer funds, with absolutely no risk of identity theft or electronic fraud for those who pay in cash in person.

However, it is important to note that this unusual degree of flexibility does come with some significant drawbacks. First, unlike options that result in instant deposits, there is typically a delay between when you initiate a transfer and when the casino will confirm receipt of that money, which means you may not be able to play immediately. In addition, senders typically have to pay rather heavy fees on each transaction, and if there is need for a currency exchange in the process, it will take place at unfavorable rates.