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Western Union
-4.43%
Financial services / Money-transfer services
At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web1. Fraud: Western Union transactions may be used in fraudulent activities, such as identity theft, money laundering, and scammers pretending to be a legitimate business.
2. Unauthorized transactions: Western Union transactions are not protected by additional security checks and can be sent or received without authorization.
3. Exchange rate risk: When transferring funds between currencies, exchange rate fluctuations can affect the amount received.
4. Lack of buyer protection: The sender is responsible for ensuring that the recipient of a Western Union payment is trustworthy, and there is no buyer protection on these transactions.
5. Inability to cancel transactions: Once a Western Union transaction is sent or received, it cannot be canceled or refunded, as the payment is complete.
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