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Review: Western Union Business Solutions

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Managing cash flow and international payments around the world.

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

USD 0

Min. Transfer Amount

No limit

Max. Transfer Amount

3 - 5 days

Transfer Speed

Details

Product NameWestern Union Business Solutions
Min. Transfer AmountUSD 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, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, 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, 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, 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
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
  • Health care
  • Financial institutions

These plans get you the best rates and minimize the risk of rate fluctuations when making international payments quickly and easily.

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 country.
  • Incoming payments. Get paid with Western Union’s accounts receivable.
  • Mass payments. Send up to 10,000 payments at once.
  • 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.

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, an established 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. Wire transfers can cost as much as $22.
  • Delayed delivery. Sending from a linked bank account can take up to 5 days for receipt.
  • No domestic payments. You cannot send money to and from the same currency.

How does Western Union compare to other services?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days USD 0.00 0.901 EUR 4,503 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days USD 40.00 0.904 EUR
4,485
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
EUR 1,000 1 - 2 days USD 10.00 0.895 EUR 4,467 Use TransferMate to help you send money to almost any country around the world for a small fee. Go to site Show details
USD 1 Within an hour USD 3.99 0.9 EUR 4,499 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.895 EUR 4,476 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 1,000 1 day USD 0.00 0.895 EUR 4,476 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
USD 5,000 1 day USD 0.00 0.895 EUR 4,476 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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 license 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 even 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. Its 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.
Looking for an alternative? Compare services like Western Union to get the best rates and fees.

Frequently asked questions about Western Union Business Services

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10 Comments

  1. Default Gravatar
    Sabrina
    August 4, 2019

    i want a clarity. to transfer it western union business solution , my daughter’s university bill is providing me their beneficiary name , account and address of western union at the same time giving me other bank account details. i am confused which want to use.

    • AvatarStaff
      fayemanuel
      August 5, 2019

      Hi Sabrina,

      Thanks for contacting Finder.

      When you make a payroll payments and send money through Western Union Business Solutions you’ll be needing the following information from your daughter’s university.

      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.

      I hope that helps.

      Kind Regards,
      Faye

  2. Default Gravatar
    Ephraim
    January 12, 2019

    I’m opening up a business where it is to be Estimated that I send about 10 Thousand western Union transfer a month, only in the USA, is there a program that would make it easier to send my information and will I get a discount?

    • AvatarStaff
      johnbasanes
      January 16, 2019

      Hi Ephraim,

      Thank you for reaching out to finder.

      You may want to check the My WU® rewards system provided on the website of Western Union. It is a reward system where you could earn points and get discounts on future transfers. You may also contact a specialist via the WU business solutions website where a specialist can determine what you need and expect and compare it to what they could deliver. Hope this helps!

      Cheers,
      Reggie

  3. Default Gravatar
    Knowledge
    August 19, 2018

    Can someone in usa use western union business solutions to send funds to me in nigeria?

    If yes,

    What is the maximum amount to be sent from usa or to be received in nigeria?

    And in such a case, will i paid in nigerian naira local currency or usa dollars which the sender will send?

    Thank you

    • AvatarStaff
      Kyle
      August 20, 2018

      Hi and thanks for reaching out,

      You’ll be able to receive a money transfer in Nigeria using Western Union Business Solutions if the sender has set up a business account. There’s also no limit on the amount of currency being transferred. When the money transfer goes through, you’ll receive Nigerian Naira.

      If the sender doesn’t have a business account, they’ll have to send money to you through a personal Western Union account. However, the transfer limit is $50,000 when funds are sent to Nigeria using a personal account.

      I hope you’ve found this answer helpful!

  4. Default Gravatar
    Efe
    March 21, 2018

    How long will it take money to get to Nigeria bank account

    • Default Gravatar
      joelmarcelo
      March 22, 2018

      Hi Efe,

      Thanks for leaving a question on finder.

      Transfers to your bank account can take one to three days to arrive.

      Cheers,
      Joel

  5. Default Gravatar
    Mantime
    September 13, 2017

    I want clarity. The beneficiary address is Victoria, British Columbia. What is the country, is it Columbia? Is the money being received by the bank address in New York?

    • Default Gravatar
      Jonathan
      September 13, 2017

      Hello Mantime,

      Thank you for your inquiry.

      British Columbia is a province in Canada. If it was sent there, it is likely that the clearing bank will be also in Canada.

      You may contact them directly by clicking “To get started with Western Union Business Solutions, visit its website” link above to be redirected to their page.

      Hope this helps.

      Cheers,
      Jonathan

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