Western Union has agreed to pay $586 million to provide refunds to victims through a related, but separate, agreement with the Federal Trade Commission and U.S. Department of Justice filed in January. Approximately 60% of Western Union clients are migrants. The Federal Trade Commission has extended the claim filing deadline for its $586 million settlement with Western Union. Consumers who've previously lost money to a scammer that took payment through Western Union now have until May 31st to file a claim and recoup those funds. Payees enter their preferred currency and payment method-ACH/direct deposit, global-ACH/international local bank transfer, paper check, wire transfer, PayPal, prepaid debit card or cash via Western Union. Western Union advantages are its reliability, speed and convenience.
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