| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2018 - 31 Dec 2018 | 30 Jan 2019 | 27 | 77% | 17% | 6% | 33% |
| 01 Jan 2017 - 31 Dec 2017 | 30 Jul 2018 | 34 | 67% | 26% | 7% | 38% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Current standard payment terms are net 45 or 60 for new suppliers unless contracted terms are less.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Disputes from vendors are communicated to Procure to Pay department with a goal of responding within three business days.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
MoneyGram International Limited is registered in the UK and forms part of the MoneyGram group, which provides international money transfer services. Customers can send or receive money online, through a mobile app, or at agent locations worldwide, with funds delivered as cash pickup, to bank accounts, debit cards, or digital wallets. The group states it serves over 200 countries and territories through more than 470,000 locations, drawing on more than 85 years of experience in money transfer services. Additional services referenced include bill payment, mobile top-ups, and money orders. The UK entity operates as the local presence of this wider global remittance business.
Generated from the company's website and Companies House records. Sources: moneygram.com