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“If you are sending money country like India, after...”

Written on: 13/02/2010 by bayasaa (1 review written)

If you are sending money country like India, after paying transfer fee you will loose some amount of money because of Dollar Rupee rate. Money gram always keep low conversion rate. Mostly Rs 2-2.5 less then actual bank rate. Example: Suppose you want to send $1000 to India. $1=Rs46.5. You have to pay 50$ for transfer fee plus $45-50 for conversion rate, dollar to rupee. That means your receiver will get Rs44500 and you will pay $1100.



You wouldn't recommend Money Gram unless you have no other option.