Review: Western Union Business Solutions

Western Union’s business product can help you manage cash flow and international payments around the world.

Western Union Business Solutions helps businesses of all sizes send and receive international payments 24/7. Part of industry leader Western Union, WUBS enables businesses to make payments almost anywhere in the world and provides risk management services.

Product NameWestern Union Business Solutions
Min. Transfer AmountCAD 0
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone
Transfer OptionsRegular payments, One off payments, Market orders, Forward contracts
Transfer Speed
Minimum transfer time
3 - 5 days
Customer ServicePhone, Email
Available CurrenciesAED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYR, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LTL, LVL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SPL, SRD, STD, SVC, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XDR, XOF, XPF, YER, ZAR, ZMW, ZWD
Exchange Rate UpdatesReal time

Get customized rates and advice for your business

Western Union Business Solutions helps your business get the best exchange rates by assigning a specialist who can research an individual plan for you in the following industries:

  • Education
  • Law
  • NGO
  • Financial institutions

These plans get you the best rates and minimize the risk of rate fluctuations when you transfer money overseas.

Business solutions

Western Union offers multiple ways to make international payments and helps your business manage risk. Here are the highlights.

International payments

With Western Union Business Solutions, your business has options for making payments, including:

  • Outgoing payments. Send global payments to almost anywhere in the world.
  • Incoming payments. Get paid with Western Union’s accounts receivable.
  • Mass payments. Send mass payments in 130 currencies.
  • Online payments. Conveniently make payments from your computer or on your smartphone.

Risk management

In addition to international payments, Western Union will help your business manage risk by:

  • Optimizing your cash flow.
  • Reducing your exposure to currency fluctuations.
  • Implementing a hedging strategy.
  • Protecting your profits.

How much does WU Business Solutions cost?

Transaction and handling fees vary depending on where you’re sending money. Whenever possible, Western Union Business Solutions keeps money in its banking network to avoid fees.

In some cases, it transfers money through correspondent banks that could possibly charge fees.

Calculate your fees and exchange rate

Rates last updated May 26th, 2019
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
Western Union International Money Transfers
CAD 1
Same day
Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order
Send money online to friends and family around the world with Western Union.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Compare up to 4 providers

What other services does Western Union Business Solutions offer?

In addition to international payments, WUBS customers can receive payments from customers and conduct business in their native language through a number of services that include:

  • Cross-border business payments. Western Union helps small and medium-sized businesses manage their international transactions.
  • WU Edge. Through this free international platform, you can find business partners, make global payments and manage your cash flow and international transfers.
  • Online FX. This streamlined platform helps you send outgoing payments and transfers 24/7 from your computer or mobile phone.

Pros and cons of WU Business Solutions

Pros

  • It’s secure. WUBS is backed by Western Union, a company that’s been around for more than 150 years.
  • Recurring payments. Western Union saves your billing information so that you can make automatic, recurring payments.
  • Competitive exchange rates. And you can lock in those rates for future payments.
  • Customized services. An exchange specialist evaluates your business to get the best rates for you.
  • Customer service. Speak on the phone with a representative 24/7.

Cons

  • Bank-to-bank transfers only. Unlike standard Western Union services, you can’t use cash or prepaid cards to fund a transfer.
  • Funding fees. Bank transfers can cost as much as $22.
  • Delayed delivery. Sending from a linked bank account can take up to five days for receipt.
  • No domestic payments. You cannot send money to and from the same currency.

How do I make international payments through WU Business Solutions?

To get started with Western Union Business Solutions, visit its website to set up a personal or business account. Be sure to have two forms of government-issued ID, like a driver’s licence and a passport.

Each time you log in to your account, you’ll have access to your payment history. If you use WU Edge, you can also manage your funds through an easy-to-use dashboard.

Making payroll payments and sending money through Western Union Business Solutions is quick and easy.

  • Log in or create a free account. To create an account, you will need two forms of ID.
  • Provide your recipient’s details. Including bank account information.
  • Initiate your payment. Select your currencies from drop-down menus and enter the amount of your payment.
  • Provide your funds. Pay with a wire transfer, linked bank account or bill pay.

Bottom line

Western Union Business Solutions is a way for businesses of any size to streamline their international billing. It’s customized service finds the best exchange rates and fees for your specific industry and business.

But depending on your needs, be sure to compare the fees, rates and delivery speeds offered by other money transfer specialists before you part with your money.

How does Western Union Business Solutions compare to other business services?

Rates last updated May 26th, 2019
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
Venstar Exchange Business Transfers
Venstar Exchange Business Transfers
CAD 7,000
1 day
Phone, Bank Account to Bank Account
Venstar Exchange offers competitive exchange rates and zero fees on large transfers over US$10,000.
Hawk FX Business Transfers
Hawk FX Business Transfers
GBP 10,000
1 day
Online, Phone, Bank Account to Bank Account
Currencies Direct Business Transfers
Currencies Direct Business Transfers
CAD 0
1 - 2 days
Online, Phone
Western Union Business Solutions
Western Union Business Solutions
CAD 0
3 - 5 days
Online, Phone
Get help sending business payments 24/7 to over 130 currencies with Western Union.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Compare up to 4 providers

Frequently asked questions about Western Union Business Solutions

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