Starting A Western Union Type Biz...

Forget it.

Snuffy said:

I am interested in the money transfer business. I recently paid 10% to send money using Western Union. That seems like a nice little profit to them. Anyone have any information on this type business?

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Unless you have Mega Bucks I dont see how an individual can compete with a company who can wire money pretty well anywhere for pick-up within the Hour... My opinion anyway........Cheers. M.

I have been doing this for a while. Sending money from Europe to Sosua and back, transferring ? in a small scale, for people I know. I cannot compete with WU, but 3 days is usually a good time to send/receive money in ? for only 2.5% of the amount.
All you need is a little cash on both sides....
It?s still not enough to live from this, but maybe one day, if satisfied clients spread the word.