Yes, Western Union operates more then 60 agent locations in Taiwan to send cash to a receiving person. Popular alternatives are start-ups like MoneyGram and Xoom which often provide lower fees and more competitive exchange rates.
How long does an international money transfer take?
The time between you paying for a money transfer and the person receiving the money varies depending on different factors:
1. The country and currency you’re sending from. 2. The country and currency of the recipient. 3. The bank or international money transfer service you’re using. 4. How you’re paying for the transaction e.g. by credit card, debit card, bank transfer or wire transfer. 5. Whether the person is receiving the money in cash or to his bank account.
Why do international money transfer exchange rates and fees vary?
When you send money abroad, fees and exchange rates vary because that’s the way money transfer providers make money. There are different ways those companies can charge you for sending money internationally:
1. They can offer a slightly worse exchange rate which we call ‘hidden costs’ 2. They can charge a fixed transfer fee 3. They can charge a commission or service charge
What is the cheapest way to transfer money internationally?
Usually the cheapest way to send money internationally is to use a money transfer provider. They provide much more competitive exchange rates and fees than Paypal or traditional banks.
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