What is the limit in Xoom?
With Xoom, you need to send minimum amount of USD $10 and maximum amount up to USD $10,000. You can increase your 30 day and 180 day limits by providing additional information to the company.
Xoom is a leading money transfer service provider which tends to send money from the United States and Canada to over 130 countries. But here the questions arise that can you trust it? Are its services safe? How much it charges as fees and what exchange rate it offers? To answer all your queries, experts of ERIQ have conducted research on the company and provide an unbiased independent review on Xoom.
Xoom, an electronic fund transfer and the money remittance company is a member of the PayPal family. It allows customers to send money, pay bills and also airtime top-up from USA and Canada to over 130 countries. With headquarters in San Francisco, CA, Xoom Corporation was acquired by PayPal in 2015. Some of the benefits of using Xoom money transfer services are:
Xoom Money Transfer Fee
The transaction fee in Xoom totally depends on the destination country as well as the payment method used by the customer. If one sends $200 from the USA and Canada to the following countries using various modes, then the fee will be:
Destination Country | Transaction Method | Fee |
---|---|---|
United Kingdom | Bank Account | $4.99 |
Debit/Credit Card | $4.99 | |
Australia | Bank Account | $4.99 |
Debit/Credit Card | $10.99 | |
India | Bank Account | $2.99 |
Debit/Credit Card | $4.99 | |
Columbia | Bank Account | $4.99 |
Debit/Credit Card | $4.99 | |
Jamaica | Bank Account | $7.99 |
Debit/Credit Card | $12.99 |
One can also check the Xoom transfer fee here.
Xoom Money Transfer Rates
The company offers rates above the mid-market exchange rate, as it makes money from the transfer fee charged by the users.
Any other fee
The company claims that credit card transfers may attract more fees because of providing advance money. So one should know from the credit card company if they charge any such fee or not.
So, on the pricing basis, Exchange Rate IQ gives 7 out of 10 to Xoom as many companies even offer real-time prices with low transfer fee.
Xoom Money Transfer Hidden Fee
The company makes money while doing a foreign exchange, so there are chances of hidden fee. So before transferring the funds with Xoom Corporation, one should know how much fee it will be going to take.
Xoom Money Transfer Tracking Details:
The company provides tracking details to customers at every stage through SMS and email. One can also track the transfers on their dashboards by logging in.
While many of the companies do not charge any hidden fee, Xoom charges it to make money, therefore we rate it 7 out of 10 in the transparency head.
Xoom money transfer service offers faster turnaround compare to many banks. In many cases, the recipient will get the access to money transferred within minutes. However, this process time also depends on the mode of payment, destination country and transfer method.
Sometimes, it takes more time to transfer funds as recipient bank requires additional information. The company also takes more time on the public holidays, bank specific working hours as well as wrong recipient details.
Once you finalise your transfer, Xoom will provide you the clear picture of how long the process will take. Therefore, on an overall basis, we rate 9 out of 10 to the transfer speed of Xoom.
Protection is the foremost priority of Xoom. With more than 1 million clients, Xoom has a proven track record when it comes to keeping your info secure.
The company maintains technical, physical and administrative security measures to provide high personal protection to the users’ information. Xoom Corporation is fully licensed and authorized as it uses 128-bit encryption to secure your funds, as well as its money-back guarantee provides extra peace of mind. It is more accountable to the public because:
So, on the security basis, we rate Xoom 10 out of 10, as it is taking enough measures to keep people and their details secure.
Xoom is highly user-oriented website. It provides the exchange rate as soon as you select the country where you want to send funds. It is also providing FAQs under help section to provide the user convenience answers. It is also providing exchange fee calculator, where you can select the country and mode of payment to know how much amount will be received by the recipient.
One can contact the company at its toll free number 24*7 and also send them mail.
Xoom money transfer contact number
(877) 815-1531 (within the U.S. and Canada)
+1 (415) 395-4225 (outside the U.S. and Canada)
Xoom money transfer email:
One can directly send the mail to company from their website. You can also send the mail from here.
As we see the payment convenience in Xoom, one can send money through bank account, debit and credit card. It also provides airtime top up for the family and friends. It also offers cash pick-up facility for the recipients. The company is also providing its mobile apps, which you can download here:
Xoom Referral:
One can also earn Amazon egifts by referring the services of Xoom Money Transfer to their friends. The company will provide a unique link which you can send to your friends. When they complete their first transaction, you will get Amazon egift card of value USD20.
Some of the positive and negative aspects of the company are:
Positive:
Negative:
So keeping all the factors in mind, on an overall user experience basis, Exchange Rate IQ experts rate Xoom 8 out of 10.
One can send the funds from the US and Canada to over 130 countries around the world. One can also pay the utility bill in 9 countries currently which includes Colombia, Costa Rica, Dominican Republic, El Salvador, Honduras, Mexico, Guatemala, Nicaragua, Panama, and Vietnam. Some of the countries where you can send the funds through Xoom Money are:
India | Italy | Argentina | Bangladesh | Finland |
France | Hong Kong | Kenya | Pakistan | Malta |
Spain | Singapore | UK | Sri Lanka | Peru and more |
The company has yet to cover many parts of Asia, Africa and Europe which will make it one of top money remittance service provider in the world. As we can see, one can only transfer USD and CAD to other countries in their currencies, so company still has vast opportunity to grow to provide its services worldwide.
Hence, on its coverage area, we rate it 8 out of 10. So, if you also want to use the services of Xoom money transfer login here.
With Xoom, you need to send minimum amount of USD $10 and maximum amount up to USD $10,000. You can increase your 30 day and 180 day limits by providing additional information to the company.
No. You can only perform personal transfers to your family and friends through Xoom money transfer.
Yes, you can schedule the money transfers in advance at Xoom as it allow future transfers for the recurring transactions.
The company will provide you the details of transaction via email and SMS, so you can know when the funds will reach to recipient.
Ich kann die überwiegend sehr schlechten Bewertungen absolut nicht nachvollziehen. Ich habe zuletzt zwei Zahlungen im Zusammenhang mit einer Urlaubsbuchung auf ein Konto einer Privatperson in die Schweiz vorgenommen. Pro Überweisung hätte ich bei meiner Bank mehr als Euro 35,00 für eigene und fremde Spesen bezahlt. Über Zoom waren es bei taggleichem Geldeingang jeweils nur Euro 2,99. Alles völlig problemlos, transparent, schnell und kostengünstig.
Die von XOOM empfohlenen Dienstleister bieten keinen Zusammenarbeit mit vorgenanntem Xoom an...
I have been a PayPal customer for 15… I have been a PayPal customer for 15 years, during which time they collected a lot of commissions from me. Now I tried to transfer money to my account and I was redirected to the XOOM service. I said ok, instant transfer, which is what I needed. After that headache, I have to upload from document and address, although I don't see the relevant address, but I also did this after 12 hours of waiting, nothing and I needed an instant transfer because for every day that passes I am charged an extra 40 euros for a sum of 5000 euros update review today I received the closure of the case made by them for the so-called case opened by me against them because the money did not reach the account, not immediately, not even after 4 days in which they only provided me with a document from Sweden. I don't understand how you can judge yourself why you didn't do it in the time you were supposed to do it Defies any norm of common sense
Immer wieder Probleme zwischen Datenaustausch von Paypal und Xoom. Keine Möglichkeit, auf Xoom Zahlungsquellen anzugeben. Gerade jetzt hängt wieder eine Zahlung seit Stunden im Loop.Und selbst die Stornierung funktioniert nicht. Besch.... Technik, besch ... Kundenservice.