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Xoom

in Money Transfer Services from Xoom

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Xoom

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in Money Transfer Services from Xoom

SuperMoney Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly not recommended

0 users recommend
0 users are unsure
5 users don't recommend
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Highlights
Community Rating Strongly not recommended
Minimum Transfer $10
Transfer Speed (days) 1 day
Processing Fee Range ($) N/A
Processing Commission 0%
Number of Reviews 5

Xoom Review

Xoom is a money transfer service company based in San Francisco, CA. It was founded in 2001 and offers money transfers to 130 countries.

Xoom FAQ

What money transfer methods does Xoom support?

Xoom allows you to send money to the following destinations:

  • Bank accounts.
  • Personal transfers without the need of a bank account

How long does it take for the money to arrive with Xoom?

Typically, money will take 1 day to arrive. However, this may vary depending on the amount, currency, and destination.

How much money can you send with Xoom?

Xoom does not have a minimum transfer amount.

The maximum amount you can send per transfer is $50,000.

What fees and commissions does Xoom charge?

  • Xoom does not charge a flat processing fee.
  • There isn't a processing commission fee.
  • Xoom does not charge a currency exchange fee. Instead, Xoom makes a profit from the spread between the buy and sell price of the currency you purchase. Compare the exchange rates offered by money transfer services as well as fees when calculating the total cost of the transaction.
Xoom Fees
Description
Foreign Currency Transaction Fee 0%
Processing Commission 0%

How much does it cost to send $1,000 to Mexico with Xoom?

It can cost up to $3.99 to send $1,000 to Mexico. However, prices can change depending on the international money transfer and payment methods.

How much does it cost to send $1,000 to India with Xoom?

It can cost up to $30.49 to send $1,000 to India. However, prices can change depending on the international money transfer and payment methods.

How much does it cost to send $1,000 to Philippines with Xoom?

It can cost up to $7.99 to send $1,000 to Philippines. However, prices can change depending on the international money transfer and payment methods.

How much does it cost to send $1,000 to China with Xoom?

It can cost up to $30 to send $1,000 to China. However, prices can change depending on the international money transfer and payment methods.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Xoom

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 325 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

With Xoom, you’ll always see your exact fee and the amount your recipient will receive. We're committed to keeping your transaction secure by not sharing your financial information. Our encryption and fraud monitoring help protect your transaction 24/7. We guarantee that your money will be received or we’ll refund your transaction in full.

Message From Our Editor

What we love about Xoom Money Transfer

Xoom makes it very convenient for Americans and Canadians to send money internationally, allowing payments to more than 130 countries across the globe. It also offers multiple ways to send funds, such as electronic transfers, leaving cash for pickup at a physical location, or even a cash delivery to the recipient’s door. Xoom also offers features that let you pay bills internationally.

You can send money using Xoom even if you don’t have a bank account.

What could Xoom Money Transfer do better?

There are drawbacks to using Xoom to send money internationally.

One of the main issues with Xoom is its cost. When you send money, you pay a per-transaction fee. The size of the fee depends on the funding source you use. Sending from a bank account is cheaper than sending from a debit card. The exact fee will vary with the amount that you’re sending and the country you’re sending money to.

Xoom also limits the amount that you can send at one time and each month. Level 1 users can send only $2,999 per transaction, $6,000 per 30 days, and $9,999 per 180 days. Increasing these limits requires going through an identity verification process.

Xoom Money Transfer‘s backstory

Xoom was founded in San Francisco, California in 2001 and has offices in Guatemala. PayPal acquired the company in 2015 for just over $1 billion to strengthen its international business and to give Xoom users access to Paypal’s financial infrastructure.

The Verdict

Xoom is a convenient way to send money to people internationally. You can do it directly from your computer or your phone. However, that convenience comes at a price. If you’re willing to pay for easy transfers, Xoom is a fine choice but there are less expensive alternatives out there.

 

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About Xoom

Feature Breakdown

Foreign Currency Transaction Fee 0%
Processing Commission 0%
Maximum Amount to Transfer $50,000
Mobile Transfer
Payment Options
  • Credit/Debit Card
  • Cash
  • Bank Transfer
Transfer Speed 1 day
Transfer Methods
  • Personal
  • Bank

Xoom Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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