Top Money Transfers Stocks To Watch In 2017

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Wal-Mart Stores, Inc. (NYSE:WMToffers a service where money can be transferred from one Wal-Mart location to another for a fee of $4.50. Wal-Mart uses MoneyGram and Ria to transfer funds between stores. You can also send the funds to a MoneyGram location for $4.75. This service can be accessed online or in your local Wal-Mart store.

There are a few stipulations and rules that govern Wal-Mart Stores, Inc. (NYSE:WMT)’s money transfer services. First off, limits of daily transfers are $2,999 per day, and most transfers take one day to complete. Faster turnaround is possible, but like everything that is convenient, it comes at a higher price.

With over 320,000 locations in 200 countries, transfers take about 10 minutes, which can easily be spent perusing the shelves of your local Wal-Mart. Convenience and simplicity make Wal-Mart Stores, Inc. (NYSE:WMT) a great investment to consider.

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Ria, a wholly owned subsidiary of Euronet Worldwide, Inc. (NASDAQ:EEFT), began in 1987 in New York City. It was initially created to provide immigrants with a means to send money to their native countries. Now with over 240,000 locations in 130 countries, it is possible to send up to $2,999 online or $999 from a 7-Eleven store.

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Xoom Corp (NASDAQ:XOOM) is a San Francisco-based company that was created in 2001. Xoom Corp (NASDAQ:XOOM) is a bit different than its competitors. It’s the digital world’s answer to money transfers. Xoom can be accessed via a mobile app, or it can be used on a desktop computer. There are no physical locations, but there are many cooperating banks and retailers that will deliver the transferred funds to the recipient.

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The Future is Bright for Money Transfer Services

Money transfer services are gaining popularity, and they are here to stay. As technology continues to evolve, the ease of moving money becomes a lot simpler, and ease of use is a major factor in viability.

Conclusion

The security and regulations surrounding money transfers services make them safe to not only use, but to invest in as well. Also, today’s money transfer services are also a lot simpler than those of the past. People can easily send money from the comfort of their home. Any business that offers fast, convenient, and reliable services is a safe investment.

Note: This article was published by DivHut. Check out more of the site’s dividend investing content at divhut.com.

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