Wise vs MoneyGram - Who is better? [UPDATED 2024]

When it comes to sending money across borders, we tested options like Wise and MoneyGram have emerged as leading choices. Both Wise and MoneyGram online platforms offer efficient and cost-effective and secure international money transfers from Wise and MoneyGram.

We compare Wise vs MoneyGram into the unique features and benefits that distinguish Wise vs MoneyGram, empowering you to make an informed decision based on your specific transfer needs like Wise vs MoneyGram fees, currencies available, available payment methods on Wise compared to MoneyGram, support options offered by Wise vs MoneyGram, speed and more.

Wise vs MoneyGram: Quick Feature Comparison

  1. Visit Wise alternative Wise Visit Wise

    Used By: 11000000
    Currencies Available: 54
    Transfer Fees: 0.5%-1%
    Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: US$1.00
    Max Transfer: US$1,000,000 (varies based on currency)
    Year Founded: 2011

  2. Visit Wise alternative MoneyGram Visit MoneyGram

    Used By: 150000000
    Currencies Available: 46
    Transfer Fees: 1.99$
    Payment Methods: Bank transfer, debit/credit card, cash
    iOS App : yes, Android App : yes

    LiveChat:
    Min Transfer: $1.00
    Max Transfer: $10,000.00 (varies)
    Year Founded: 1940

Wise vs MoneyGram: Pros and Cons

Wise vs MoneyGram
Advantages

Wise Advantages MoneyGram Advantages
  • Wise has been serving clients for over 13 years
  • Wise is well rated among clients.
  • Wise is available internationally.
  • Wise has multiple currency options.
  • Wise provides phone customer support.
  • Wise provides email customer support.
  • Wise is available to iOS Apple device users.
  • Wise is available to Android mobile device users.
  • MoneyGram has been in operation for over 84 years.
  • MoneyGram boasts a high rating for sending money.
  • MoneyGram operates in numerous international countries.
  • MoneyGram offers an extensive range of currency options for money transfers.
  • MoneyGram provides phone support.
  • MoneyGram offers registered customers email support.
  • MoneyGram has a Apple iOS app on Apple app store.
  • MoneyGram offers a Android Google Play Store mobile app.

Wise vs MoneyGram
Disadvantages

Wise Disadvantages MoneyGram Disadvantages
  • Wise has no PayPal support.
  • Wise has no Neteller payments support.
  • Wise has no Skrill payment support.
  • Wise does have a mobile digital wallet like some others.
  • No home delivery with Wise.
  • No cash pickups with Wise.
  • No money order support with Wise.
  • No live chat support with Wise.
  • MoneyGram has no PayPal option.
  • MoneyGram has no Neteller option.
  • MoneyGram has no Skrill option.
  • No digital wallets with MoneyGram.
  • No MoneyGram home delivery.
  • No MoneyGram Cash pickups.
  • No MoneyGram money order option.
  • No MoneyGram Livechat.

Wise vs MoneyGram Fees and Other Costs

Fee type Wise Fees MoneyGram Fees
Transfer Fees 0.5%-1% 1.99$
Min Transfer US$1.00 $1.00
Max Transfer US$1,000,000 (varies based on currency) $10,000.00 (varies)
Payment Methods Bank transfer, debit card, credit card, SOFORT transfer Bank transfer, debit/credit card, cash
Currencies AED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, IDR, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD, ARS, BDT, BWP, CLP, CNY, COP, CRC, EGP, GEL, GHS, ILS, KES, KRW, LKR, MAD, MXN, NGN, NPR, PHP, PKR, RUB, THB, UAH, UGX, UYU, VND, XOF, ZAR, ZMW AED, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NZD, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, VND, VUV, WST, XOF, XPF, ZAR

Wise vs MoneyGram Restricted Countries

Wise Country Restrictions

North Korea

MoneyGram Country Restrictions

North Korea

Wise vs MoneyGram Transfer Speeds

Transfer Speed Wise MoneyGram
Account Opening 1-3 days 1-3 days
Money Transfer Speed 1-10 days 1-10 days

Wise vs MoneyGram Languages

Wise Supported Languages

English, French, German, Hungarian, Japanese, Polish, Portugese, Romanian, Russian, Spanish, Turkish

MoneyGram Supported Languages

English, Spanish, French, Danish, German, Arabic, Czech, Hungarian, Indonesian, Italian, Japanese, Korean, Malaysian, Norwegian, Polish, Portuguese, Romanian, Russian, Thai, Turkish, Ukrainian, Chinese

Wise vs MoneyGram Verdict - Which is better?

Which is best out of Wise and MoneyGram depends on your needs.

  • Wise vs MoneyGram Transfer Fees: Transferring money with Wise costs 0.5%-1% while MoneyGram charges 1.99$.
  • Wise vs MoneyGram Supported Currencies: Wise deals in over 1, where as MoneyGram offers transactions in 1.
  • Wise vs MoneyGram Payment Methods: Wise accepts Bank transfer, debit card, credit card, SOFORT transfer, while MoneyGram allows transactions via Bank transfer, debit/credit card, cash.
  • Wise vs MoneyGram Transfer Limits: Wise allows transfers between US$1.00 and US$1,000,000 (varies based on currency). MoneyGram's range is $1.00 to $10,000.00 (varies).
  • Wise vs MoneyGram Minimum Age for Account Creation: Wise requires users to be at least 18 years old, where as MoneyGram has a minimum age requirement of 18.
  • Contact Number: You can reach Wise at 44 20 7033 0296 and MoneyGram at 448457223344.
  • Wise vs MoneyGram Countries of Operation: Wise operates in over 1 countries but has restrictions in over 1 countries. MoneyGram serves 1 countries and restricts operations in 1 countries.
  • Wise vs MoneyGram Client Base: Wise is used by 11,000,000, where as MoneyGram serves 150,000,000.
  • Wise vs MoneyGram Year Founded: Wise was established in 2011 and MoneyGram began its operations in 1940.
  • Wise vs MoneyGram Customer Rating: Wise holds a rating of 4, in contrast, MoneyGram has a rating of 3.
  • Wise vs MoneyGram Headquarters: Wise has its headquarters at London, UK, while MoneyGram is based at Dallas, US.
  • Wise vs MoneyGram Employee Count: Wise employs 2,243 individuals, where as MoneyGram has a team of 2,300.
  • Wise vs MoneyGram Estimated Annual Turnover: Wise turnover stands at 27000000, while MoneyGram boasts a turnover of 900,000,000 USD.
  • Wise vs MoneyGram Founder: Wise was founded by Venkatesh Saha, holding the position of CEO. On the other hand, MoneyGram was the brainchild of Alex Holmes, currently holding the position of Chairman & CEO.
  • Wise vs MoneyGram Supported Languages: Wise offers support in over 1 languages. MoneyGram communicates in 1.

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Wise vs MoneyGram Alternatives Guides

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Screenshots

Wise Screenshot

Wise Screenshot

MoneyGram Screenshot

Wise Screenshot