4/25/2021 0 Comments Western Union Caracas
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![]() To learn more about how Western Union creates a better world, view Our Purpose here. Western Union is proud to be an Equal Opportunity-Affirmative Action Employer. We are committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy or related medical conditions), national origin, veteran status, sexual orientation, gender identity, age, disability, marital status or other protected category. If you have a disability or special need that requires accommodation, please contact us at careerswesternunion.com. Notifications for U.S. Equal Opportunity is the Law OFCCPEEO Supplement Pay Transparency on Nondiscrimination Provision. Tips for picking up cash in Venezuela Venezuela has one of the highest crime rates in the world. As a result, this means that although youre legally allowed to send remittances to Venezuela, its still up to money transfer companies to support the corridor. How to send money to Venezuela Government regulations in Venezuela have historically made it difficult to send money there, and in the past, no providers were able to do so. However, in June of 2018, MoneyGram began operating agent locations in Venezuela, and its possible to send money in person or online using other providers. As of August 1, 2020, MoneyGram is the only service currently offering transfers to Venezuela from Canada. To send a transfer through MoneyGram, youll need to: Register for an account or log in if you already have one. You can also set up the money transfer online but pay with cash in-store. Bring a valid ID and enough money to cover the transfer if you choose this option. You will not be able to send money to a Venezuelan bank account through either MoneyGram only to respective agent locations for cash pickup. Our money transfer guide for MoneyGram will help you learn more about using each service. Confirm the total cost with the provider before transferring money. The only supported currency for transfers is the Venezuelan Bolivar Soberano (VES), which replaced the Venezuelan Bolivar Fuerte (VEF) in 2018. VES is worth around 100,000 of the bolivar fuerte (VEF) and is meant to replace it in circulation over time. During the transition period, you may encounter options to transfer money in either VES or VEF. Because VES is more stable and is the officially recognized national currency, youre likely better off sending in this currency rather than the old bolivar. Because of shifting exchange rates, double-check the exchange rate offered at your time of transfer and the type of currency youll be transferring to. This means that how many bolivars you get for your euros can be dramatically different from one day to the next. The extreme inflation has also led the Venezuelan government to put strict regulations in place for remittances, which means that the rate you get is likely to be considerably lower than the rate on the black market. This has led to a surge in people using illegal methods to transfer money into the country, which can come with a hefty jail sentence. Many financial institutions have opted not to allow transfers to Venezuela due to strained political relations between Venezuela and other nations, especially the United States. Check with your bank to see if there are any transfer options available to you. Can I send money to Venezuela using PayPal, Bitcoin or as cash through the post We do not recommend any of these methods. Not only because youd have to navigate through many different, possibly unsafe channels, but primarily because you may accidentally break sanction rules. Breaking Canadian sanctions may lead to heavy fines or worse, possible jail time which is why keeping your money transfers through officially regulated channels is the safest option.
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