In fulfilling our mission to help people and businesses by providing affordable, reliable and convenient payment services, MoneyGram offers a variety of pre-paid services, ExpressPayment ® service and utility bill payments.
With consumers continuing to feel pressure from the economic downturn, alternative financial products such as General Purpose Re-loadable (GPR) prepaid cards are becoming increasingly vital parts of the consumer finance landscape. Millions of people in the U.S. now use prepaid cards as tools for managing their day-to-day finances, make phone and Internet purchases, and avoid overdraft and other penalty fees.
- MoneyGram Visa Prepaid Debit Card
The MoneyGram AccountNow Prepaid Visa Debit Card enables customers to load cash onto a card that can be used to make purchases anywhere Visa debit is accepted and withdraw money at millions of ATMs worldwide. Cash loads are available through the MoneyGram ExpressPayment service. (Currently available only in the U.S.)
- Re-load Services
MoneyGram has offered prepaid reload services for the last decade. We have built one of the premier reload networks in the country, connecting with most major card processors and MoneyGram reloads prepaid cards, including NetSpend, RushCard and the MoneyGram AccountNow Debit card. Customers can load funds onto their pre-paid cards at any of our U.S. agent locations.
With our "Express Swipe" - the consumer can simply swipe his/her card on the card reader for instant reload of funds (vs. the previous process of manual data entry). Reload transactions are as simple as "swipe, load, and go" for most card programs. Consumers may get a SMS text from their card program confirming the load value before they leave the agent location. With this card swipe enhancement, we will have not only one of the most robust networks, but also one of the most user-friendly.
An estimated 20 percent of U.S. households are unbanked, or 22.2 million families without a bank account. Additionally, 19.4 percent are considered under-banked, representing an additional 22 million families. It is evident based on this research that consumers are still very much in need of cash payment alternatives.
- MoneyGram ExpressPayment® Service
ExpressPayment Service is a same-day, guaranteed cash payment option that enables customers to make urgent payments to more than 2,200 billers at any U.S.-based agent location or online.
- Utility Bill Payment Service
Utility Bill Payment Service is a convenient payment option for customers wishing to pay routine utility bills to more than 700 billers, including electric, water, gas, and telecom, at select U.S. agent locations.