Money Gram and Western Union Info

Heads up, Found the following on Fraud Watchers,

First about Money Gram and Western Union money transfers, they are basically the same. These where developped strictly to send money to a friend or family member in a bind, and nothing else. In fact, WU warns not to use it to pay your bills or any other transactions.

The reason is that it's equivalent to sending cash to a stranger. The second the money is picked up, that's it, it's lost. There's no recourse, it's untraceable and unrecoverable. That's the reason scammers prefer it.

A scammer can tell you to send money to a name and address in one country such as the UK, and actually pick it up in a Money Gram office in Nigeria using the MTCN# and/or Q&A.

I must mention that usually, if the scammer hasn't picked up the money, you can still cancel the transfer by going to the WU or Money Gram office.