US PayPal users given option to withdraw money using MoneyGram

Money transfer company MoneyGram has launched a new service in the US allowing PayPal customers to initiate an account withdrawal and pick up the funds in branch.

Money transfer company MoneyGram has launched a new service in the US allowing PayPal customers to initiate an account withdrawal and pick up the funds in branch.

The service is to be extended further allowing US PayPal customers to top up their accounts at MoneyGram branches by the end of the year.

A pilot of the top up service is to begin later this month at select MoneyGram locations in Dallas, New York and San Francisco

Pamela H. Patsley, MoneyGram chairman and CEO said "Innovation is at the core of MoneyGram’s business today, and we’re delighted to work with one of the world’s leading e-commerce companies to deliver this valuable new service."

A newly launched, co-branded website provides simple step-by-step instructions for loading and sending funds to a PayPal account at MoneyGram locations.

Consumers also can use the site to initiate a cash withdrawal from their PayPal account. The funds will be available for pick-up at a MoneyGram location, usually within 10 minutes.

Mark Lavelle, senior vice president of strategy and business development at PayPal said: "This new service will provide an even greater level of flexibility, convenience and value to existing PayPal users."

MoneyGram offers money transfer services worldwide through 327,000 agent locations in 198 countries and territories.

At the time of writing RBI was unable to access https://paypal.moneygram.com/.

 

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