What is Western Union Quick Collect?

Western Union Quick Collect is a way of making fast payments. This express payment method transfers money almost instantly. It happens faster than most of the mail payments and highly expensive overnight services.

The Quick Collect is an extremely useful option if the bill is overdue or if it is too large to be paid via other methods. Say, for example, making your Volvo car payment.

The Western Union Quick Collect cash bill payment service is accepted by many businesses, not just Volvo. The biggest advantage is that the payment is guaranteed by good funds. You can make debit card payments as well as via phone or online.

The customer too enjoys Quick collect bill payment as it is done quickly and involves less hassle. Also who doesn’t want to enjoy the benefit of avoiding late fees, service charges or bad credit charges?

History of Western Union

The Western Union Company is based in United States of America. It started off as a communication and telegraph company in 1851. It took almost 20 years for them to kick off money transfer services. Later the focus completely turned to money transfer services. And now the domain westernunion.com attracts at least 8.7 million visitors annually according to a study in 2008.

Western Union provides easy, fast and reliable way to send and receive money across the globe. It introduced the Quick Collect payment system on March 5th 1990 to make bill payments to creditors fast, in almost 15 minutes. The banks and credit unions then reported in strong increase in the collection. It was a flat rate for transferring any amount of money and this feature attracted more consumers. This flat fee structure continues for payments in a few states of US even now.

Western Union Quick collect is relatively a new payment service from Western Union Financial Services. The attractive feature of this service is that your payment is made quickly, in 15 minutes. This is especially suited for those who send the money in last minute.

How Western Union Quick Collect Works?

Now let us look into how to make a Western union Quick Collect Payment. If you have your VISA or MasterCard you can easily make an online payment.

Firstly, you have to log into www.westernunion.com and choose pay bills. Now you just need to follow the step-by-step process explained in that page. Select your state, payment type and the biller. You will get a confirmation mail once the transfer is done.

If you want to make a Quick Collect payment in person, walk in to any Western Union Agent location and fill up the blue colored Quick Collect form. You can find your nearest agent location by calling 1-800-325-6000 or clicking Find Agent Location at the Western Union website.

To fill up the form you will need your bank account number, the payee name, under the Pay to field and the sender’s name. You will also find a field asking for the code city and code state.

The code city is the code for the company or organization to which you are making the payment. It will not have spaces and the length is variable. This code city value is usually indicated to you by the company in advance. Or it will be either put up on the company website.

Once you hand over the Quick collect form you will receive a payment confirmation number called Money Transfer Control Number (MTCN). Please write it down for any future reference in regard to the payment. Any transaction initiated after 6 PM will be credited the next business day only.

Features of Western Union Quick collect

The Western Union Quick collect provides three methods of payment – in person at the agent locations, via phone or online at western union website.

The Quick Collect payments are fast and can be done at any western union agent locations. The customers can pay by cash or debit cards.

You can be assured that the transfer will get completed maximum by the next day. It is less expensive than to pay late fees. Also it will save you from getting into a negative credit.

The companies that sign up for Quick Collect payment reception enjoy many special features. First of all the payment in guaranteed. It is more reliable than cheques as you don’t need to wait for the cheques to clear and no fear of bounces checks.

The businesses can check for the details of the payment online, guaranteeing that the payment is made. Moreover to start accepting Quick Collect Payments, you don’t need to pay anything extra.

Also Western Union being a trusted company the company will gain more customers ready to pay through Quick Collect.

Western Union Quick Collect Fees

Quick Collect fees vary from country to country, but are generally around $15.00 US Dollars for amounts up to $3000.00.

Advantages / Disadvantages of Western Union Quick Collect

Quick Collect is preferred by many as it is fast and convenient. Most of the payments made in business hours get credited in 15 minutes. The users can make a payment at any Western Union Agent location by handing over the cash and filling up the form.

It is a secure way of making large payments as it uses the MTCN to confirm the payment. Also this code can be used to track your payment. It is cheap in comparison to expensive overnight mail payment services.

The Western Union Quick Collect adds many international consumers to your business. It is easy for them as Western Union agents are located in every corner. Furthermore, the local currency is converted automatically into U.S. dollars, eliminating exchange rate problems, banking fees, and delays associated with foreign bank collections.

Having said all the advantages, there are many who are not convinced about the benefits of Western Union Quick Collect. One of the main concerns that they raise is that the payment option isn’t really economical. It surely sound cheap for all those who are making their payment in the last minute and are afraid of late fees.

More over if your luck gods are not showing up and your transfer is not done, then you will have a tough time. You’ll have to pay the late fees and at the same time the high charges for the Quick Collect is already paid too.

Who needs Western Union Quick collect?

The mixed balance of benefits and drawbacks tells you to use Western Union Quick Collect only if you want to send the money really urgently. If the amount is huge this will turn out to be the cheapest option as it involves no headache and the transfer is fast.

Many billers actually accept Quick Collect payment because unlike a cheque, the payment is guaranteed. Consumers are happy to pay by this method because they don’t need to disclose their bank information to anyone. They can directly hand over the cash to the Western Union Agent.

Western Union Quick Collect is widely used by students across the world to pay their fees. It could often happen that the fee date gets revised or you have to make an urgent payment for something in the university. Quick Collect is a good relief for all those needs.

This fastest money transfer method from Western Union is useful for anyone. Usually the fastest money transfer services are bound only to online methods. The Quick Collect is the most guaranteed form of speed payment for all those doesn’t have ready internet access. Surely it allows online payments too!

Facts about Western Union Quick Collect

Like any money transfer instrument, use Quick Collect to send money to people or business that you know and trust. In case you get suspicious contact Western Union immediately by calling the Toll Free number 1-800-325-6000.

Western Union has come forward to help the recent Chile earthquake victims. To aid more charity donations, Western Union has announced No Fee money transfer services to Chile from U.S. This is applicable to Quick Collect transfers to Chile. Western Union has set up an additional account called World Vision for collecting donations for the Chile Relief Fund.

For international transfers please note that Western Union makes additional money during the currency conversion.

Keeping the high charges and disadvantages aside, Western Union Quick Collect is surely a good option for all those who want to do an urgent payment. So no more late fees, thanks to Quick Collect!