How do you become a WU agent?
How do you become a WU agent?
To become a Western Union Agent, please visit the Western Union Agent Portal or call 1-800-325-6000 to learn more.
How much does it cost to be a Western Union agent?
Zero. There is no Franchise fee or royalty fees with Western Union. If you have all the equipment that is required (computer, printer and an internet connection) – then there’s even no investment required.
How do I start a Western Union business?
Complete an application. You can also call Western Union’s customer service line at 1-800-325-6000 if you have any questions about the application process. The application asks for the following pieces of information: confirmation that you own your own business.
What is GST fund transfer?
The GST amount is levied on what is called the ‘taxable value’ of the transfer. This taxable value is 1% for transfers up to ₹1 lakh, 0.5% plus ₹1,000 on transfers from ₹1 lakh to ₹10 lakh and 0.1% plus ₹5,500 on transfers above ₹10 lakh, capped at ₹60,000.
What is the commission for money transfer?
Commission and Earning This means that on any transaction that you would do, you will be paid 1% of it. For example, if you transfer Ts10,000 for your customer, you would get a commission of Rs. 100.
Is Western Union a franchise?
Western Union partners with thousands of businesses to distribute services from money transfers and money orders to bill payments. These partners, which Western Union refers to as “agents,” operate much like franchisees in providing familiar services in a uniform manner from a well-known brand.
Who created Western Union?
Ezra Cornell
Samuel L. SeldenJeptha WadeHiram Sibley
Western Union/Founders
How do Western Union make money?
How will I earn money with Western Union? Each time a consumer sends a Western Union money transfer, they pay a transfer fee for the service. As a Western Union agent, you’ll earn a commission on the transfer fee for every transfer you process. The more transfers you send or receive, the more you earn.
Is Western Union a Fintech company?
Western Union is one of the early fintech companies, though it’s probably known as a low-tech fintech company.
How much is GST for IMPS?
For IMPS, charge will be Rs 5 along GST for fund transfer in the range of Rs 1,000 to Rs 1 lakh. The charge will go up to Rs 15 for transactions of Rs 1-2 lakh. GST at the rate of 18 per cent is applicable on all financial transactions.
How is IMPS GST calculated?
However, the regular IMPS charges range from Rs. 2.50 to Rs. 25 for amounts of Rs. 10,000 to Rs….IMPS Charges.
| Transfer Amount | Charges (Subject to Change According to Banks) |
|---|---|
| Up to Rs. 10,000 | Rs. 5 + Applicable GST |
| From Rs. 10,000 to Rs. 1 lakh | Rs. 5 + Applicable GST |
| From Rs. 1 lakh to Rs. 2 lakh | Rs. 15 + Applicable GST |
How do I transfer money online with unionbanc?
Transferring money online is fast and easy. You can transfer funds between your Union Bank accounts, to your UnionBanc Investment Services Portfolio Connection account, or even to or from bank accounts outside Union Bank. Make one-time transfers or set up regular recurring transfers, right from your computer.
What is a Western Union money transfer agent franchise?
The Western Union Franchise or Money Transfer Agent system allows you to earn your income from the accumulated commission you make from every money transfer transaction made in your branch.
How long does it take to transfer money from Union Bank?
Other transfers between Union Bank accounts take one business day. Transfers to or from UnionBanc Investment Services accounts or bank accounts outside Union Bank take two to three business days. Remember that these are business days, not weekends or holidays. Be sure to take this into account when you schedule transfers.
What does Union Bank offer?
Union Bank® offers personal and business banking, investments, commercial banking, corporate accounts and private banking services – Open a bank account today. Welcome to Union Bank® – Your Details Matter. Mortgage, checking, savings, investments and credit cards to meet all your banking needs – Personal, business and commercial banking.
