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The bottom line is that MoneyGram is making less money from its core business. Business is down because of the availability of faster, more convenient, and sometimes cheaper alternatives such as PayPal (NASDAQ: PYPL).How much money can you send Through MoneyGram?
You can send more, but it will be broken up into chunks. MoneyGram caps transfers at $899.99, for a maximum of $3,000 in a 30-day period. PayPal allows transactions of up to $10,000 domestically. iKobo limits usage of a preloaded card to $500 per day.How much does it cost to send a MoneyGram?
MoneyGram fees MoneyGram bases fees on the amount you are sending. Fees typically increase around $500 and $1,000, sometimes doubling when you bump up to the next fee tier. Cheap - Paying by bank and having the money delivered to a bank account is often the cheapest way to send money through MoneyGram.