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I generally use Wise (formerly Transferwise) to remit money from the States. In Wise's Compare costs link, I now see Moneygram, which is much cheaper to use than Wise. What is the catch? Why is Wise showing a competitor's being cheaper?

 

For example for US$1,000, Wise charges around $6 and Moneygram $1.99, and on Moneygram it is $1.99 ,up to $10,000 remittance. It seems Moneygram has a $10,000 limit, but on the surface it looks cheaper.

 

Any story here?

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