- 1). Choose iKobo for its competitive transaction rates. The company allows you to send money to Jamaica online. Once you complete your transaction, iKobo sends a prepaid Visa card to your recipient in Jamaica, which can be used to collect the funds at any Visa ATM in the country. The downside to using this service is the risk of insufficient Visa ATMs in your recipient's location.
- 2). Go with Western Union for its speed and vast number of agent locations worldwide. If you would like to choose a money transfer company that is more likely to have several agent locations in your recipient's location, use Western Union. The company has strict security guidelines that minimize the risk of third parties collecting the money on your recipient's behalf. However, Western Union's transaction fees can be quite expensive in comparison to other money transfer companies.
- 3). Select MoneyGram for its affordable rates and agent locations. Although MoneyGram does not have as many agent locations as Western Union, the company's transaction costs are more affordable. MoneyGram provides you with an eight-digit control number that you must give your recipient; your recipient must provide this number to his/her local MoneyGram agent to collect the funds. The downside to using this service is speed. Once your MoneyGram transaction is complete, it could take up 15 minutes before your recipient is able to collect the money. Therefore, if you would like your recipient to receive the funds immediately, this service may not be for you.
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