The presence of a computer in almost any type of business, in any store, small or large, enables them to make the most of their existing infrastructure and to add services that can be offered through a simple computer such as an electronic money transfer.
Thus, the company expands the range of products and services it offers to its existing customers, but also opens the door to new customers, who will come to the store to send or receive money.
But who needs to make an Electronic Money Transfer, send or receive a remittance and is not covered by the banking system?
So if you are wondering if there is a potential clientele and what is the profile of people using such a service, the nubers speak for themselves.
In Greece, the overseas remittance market has been booming for decades, while 2018 is estimated to have over 4.000.000 transactions worth over € 1.2 billion!
Regarding customer profiles , there are some examples of people who often opt for off-line money transfer:
In addition to the immediate financial gain, the benefits of providing your business with MoneyGram are many and many. Specifically :
A customer who comes to the store for a MoneyGram remittance is a customer who will always have money in his pocket. This is an opportunity for cross-selling with the other products / services of the store.
Customers will also enter the store for MoneyGram services.
The addition of MoneyGram services is in line with the trend of the time to become the One Stop Shop for the customer.
Experience shows that most customers are repetitive. They send or receive regular money e.g. every 2 weeks or every month.
They will come first-time customers who might otherwise never enter the store.
We provide FREE all the signage you will need (signposts, self-propelled sidewalk / signboards, brochures, stickers, posters, etc.) as well as online advertising (Facebook, Google, etc.).
We are constantly striving for the golden intersection of price competitiveness and partner profitability. We adjust prices according to the demand and specifics of each country of destination.
MoneyGram services are provided with the existing technical equipment and without increasing the existing operating costs (rent, electricity, telephone, Internet etc.).
No additional staff will be needed to provide the services.
In recent years, due to the crisis, the out-of-bank electronic money transfer service has become particularly popular among the Greek public. So serve your customers in your store.
Add different services that your competitor does not offer.
You’ll work with one of the world’s leading companies, with a history of nearly 80 years, listed on the New York Stock Exchange and already located in 350,000 stores around the world.
There are few services / products you can provide with a minimal investment that will only make you profitable without being stock or unsold, while fewer are the services that have had the chance to see their sales grow even further. and in the midst of crisis.
The visibility of MoneyGram’s promotional materials in the store is a decisive factor in the success of the business.
To this end, TrustLink – MoneyGram provides a special package of promotional materials such as light-box signage, pavement stands, stickers, brochures and more.
In addition, in collaboration with our experienced staff, special operations support schemes can be designed for the company’s stores.
Indicatively some of the materials provided as appropriate:
Average income per transaction:
AHypothetical number of transactions per day per store:
BWorking days per year:
CNumber of stores:
Total annual net income from MoneyGram services € 2.11 x A x B x C = € **
* earnings per transaction has been calculated by multiplying the commission [18%] offered by TrustLink – MoneyGram on the average cost paid by the customer [€ 11.7] for the average remitted capital [€ 330]. ** Electronic money transfer services are exempt from VAT, so this amount is entirely net business income.
H MoneyGram International Inc. is an electronic money transfer company based in the United States of America while its stock (MGI) is trading on the NASDAC index of the New York Stock Exchange.
It started sending remittances in 1940 and is now fighting for first place in the world of electronic money transfers.
Over the last 80 years it has spread around the world reaching its presence in 200 countries, while MoneyGram service points reach 350.000 worldwide and are constantly growing.
TrustLink is official representative of MoneyGram for Greece. TrustLink aims to increase MoneyGram service points in Greece through partnerships with the country’s best retail chains and selected independent smaller businesses to create an outstanding business network for both Greece and overseas.
In order for a retail business to join the TrustLink – MoneyGram affiliate network you need:
What is no needed is absolutely no investment costs, no franchise type of fees. The sub agent only has revenue and benefits from the electronic money transfers it performs and zero cost, even if it does not make any remittances.
Indicative types of businesses that, according to Greek and international practice, belong to the most appropriate categories to provide MoneyGram services are:
Download or print the 12 page information leaflet
Complete the contact form to process the request within 1 business day
Or call us at +302108674000
Subscribe to our newsletter to learn the latest news and offers