Xoom, which PayPal owns, prioritizes lightning-fast transaction times. The web-based service began operations in 2001 and can complete most money transactions in only a few minutes. It is possible to transfer money from the United States to more than 160 different countries using various delivery methods, such as deposits into bank accounts and cash that may be picked up at places, depending on the nation. To transfer bigger sums of money, however, you will be required to supply a significant quantity of personal information.

Xoom's exchange rate margins are around average compared to its rivals, and its markup rates for rates higher than the midmarket rate are comparable. Continue reading for further information on xoom money transfer review.

Xoom Is Best For:

People are interested in making a quick money transfer, even if this involves disclosing a great deal of personal information to send higher sums.

Xoom Pros

If you finance it using a bank account, it's a reasonable price. No matter how much money you send via Xoom to several locations, the price for utilizing a bank account to make the transfer is always $4.99 or less. (It is important to remember that even if you finance your transfer with money from a bank account, the cost might be as high as $17.99 if you select cash pickup as the delivery option for bigger amounts that you are sending to certain countries.)

Xoom is quite quick. Even transfers paid using bank accounts may be completed in minutes, but some of our rivals can take as long as a week to complete these transactions.

High transfer limitations for accounts that have been confirmed. After authenticating your personal information using Xoom, you can transfer up to $50,000 daily to a recipient's bank account.

The low required amount for transfer. A minimum transfer of ten dollars is required to shift money through Xoom.

The website is simple to navigate. Because the destination country organizes the Xoom website, you will always be able to see what fees, speeds, and delivery choices are available for your transfer, even if you do not log in. There is a facility that allows you to rapidly submit a transfer that you have done in the past if you are a regular client. The frequently asked questions are straightforward and well-organized.

Multilingual customer support. The customer service representatives who answer the phone in the United States and Canada are trilingual and can communicate in English, Spanish, and Filipino. You may obtain assistance by email in several other languages as well.

Applications with a high rating. The mobile application has received 4.8 stars in the Apple app store, while in the Google Play store, it has received 4.7 stars.

Xoom Cons

Some destinations take longer. It states on its website that certain delivery may take up to a few days; nevertheless, this is also the bare minimum required by many of its rivals for bank deposits.

To transfer larger sums, personal information must be verified beforehand. If you have a basic profile on the site, which involves disclosing some of your personal data, then you can transfer up to $2,999 every day. To raise the amount of money you may transfer, you will be required to supply further information about yourself, such as your Social Security number, passport, driver's license, and much more.

Needs certain support channels. There is no live chat assistance, a feature offered by several competing services.

Fees for financing a card are rather expensive. For certain countries, using a credit or debit card to transmit a maximum of $2,999 per day (the daily limit for a user who has filled out a basic profile but hasn't verified more information with Xoom) would cost you close to $90 in fees. Additionally, the company that issued your credit card may incur extra expenses, such as interest and fees associated with cash advances.

Xoom Transfer Methods and Options

Xoom provides several different options for transferring money. The following is a rundown of the available choices:

Sending channels:

Website and mobile application for Xoom.

Payment options:

A bank account, a debit card, or a credit card are often required details for online service providers. You may also pay using the amount that you have in your PayPal account.

Delivery options:

Bank deposit at the institution where the receiver has an account, cash collection at a place such as a bank or retail shop in many countries, and direct delivery to the recipient's house in a few nations.

Transfer limits:

You may send up to $2,999 daily to a recipient's bank account if your site profile is basic. You can send up to $50,000 daily to a recipient's bank account if you verify your personal information via Xoom.