Xoom vs XE Money for Online Money Transfer? How is XE Money Better Than Xoom?

When sending money internationally, Xoom and XE Money are two popular online platforms that offer easy and convenient ways to transfer money to friends and family in other countries. However, critical differences between the two platforms are worth considering when choosing which one to use.

XE Money is better than Xoom in the following key aspects:

1. XE Money is available in more countries than Xoom, making it more accessible for users who need to send money to countries that Xoom does not support.
2. XE Money offers a highly competitive exchange rate, which can result in the recipient receiving more money than Xoom. XE Money also provides a rate alert feature that allows users to trace and set a rate alert when the rate reaches the desired level.
3. XE Money charges lower fees compared to Xoom for money transfers. Additionally, XE Money offers a higher transfer limit and a forward contract service, allowing users to lock in an exchange rate for a future transfer, which can be helpful for budgeting or avoiding currency fluctuations.
4. XE Money offers a wide range of payment options, including bank transfer, debit and credit cards, and online wallets like PayPal and Skrill, allowing for great flexibility and ease of use for users.
5. XE Money also offers loyalty programs and reward points, which can be redeemed for discounts on future transactions.

First, let's look at the countries in which each platform is available. Xoom is available in around 70 countries, while XE Money is available in over 170 countries. This means that if you're looking to send money to a country that Xoom doesn't support, XE Money is the better option.

Another essential factor to consider is the exchange rate. XE Money offers a highly competitive exchange rate, which can result in your recipient receiving more money than Xoom. XE Money also provides a rate alert feature that allows users to track and set a rate alert when the rate reaches the desired level.

Fees are also an important consideration when choosing a money transfer platform. XE Money charges a lower fee compared to Xoom for money transfers. XE Money also offers a higher transfer limit than Xoom, which means you can send more money in a single transaction. Additionally, XE Money offers a forward contract service, which allows users to lock in an exchange rate for a future transfer, which can be helpful for budgeting or avoiding currency fluctuations.

Regarding payment methods, XE Money offers a wide range of options, including bank transfers, debit and credit cards, and online wallets like PayPal and Skrill. At the same time, Xoom allows users to pay for their transfers using a debit or credit card, bank account, or PayPal account.

Regarding transfer speed, XE Money typically takes 1-3 business days to process a transfer, while Xoom also takes 1-3 business days to process a transfer. Both platforms have mobile apps available for iOS and Android, which makes it easy for users to transfer money on the go.

Another important consideration is the platform's security; XE Money and Xoom use robust security measures to protect their users' personal and financial information. Both platforms are licensed and regulated by relevant authorities and comply with anti-money laundering and know-your-customer regulations.

In addition to the differences mentioned above, both XE Money and Xoom offer a variety of payment methods for users to choose from. XE Money allows users to pay for their transfers using bank transfers, debit and credit cards, and online wallets like PayPal and Skrill. This allows for great flexibility and ease of use for the users.

Another important aspect is customer support; XE Money and Xoom offer customer support through various phone, email, and live chat channels. It is always recommended to check the hours of operation and availability of customer support before making a decision.

Another thing to consider is the platform’s transparency; both XE Money and Xoom provide detailed information on their website about their fees, exchange rates, and other important information.

Another point to consider is the rewards and loyalty programs offered by the platform. For customers who regularly use XE money, the company has introduced loyalty programs that award points that can be redeemed for savings on future purchases. Xoom also provides rewards and referral programs.

It's also worth noting that both platforms have mobile apps available for iOS and Android, which makes it easy for users to transfer money on the go. Both apps have received positive reviews, but it's worth checking out the app store ratings and reviews to get a sense of the user experience.

See the quick comparison of Xoom and XE to help you determine which service is best for your needs:

Factors	Xoom	XE Money
Security	Xoom prioritizes the security of its users' personal and financial information. They use advanced encryption technology and comply with relevant regulatory requirements to ensure their users' data is safe and secure.	XE prioritizes the security of its users' personal and financial information. They use advanced encryption technology and comply with relevant regulatory requirements to ensure their users' data is safe and secure.
Exchange Rate	Xoom's exchange rate may fluctuate. With Xoom, the amount they receive could be affected by changes in the exchange rate.	XE Money offers a highly competitive exchange rate, which can result in the recipient receiving more money than Xoom.
Transaction Fee	Higher Fees and low transaction limits.	Lower Fees. Additionally, XE Money offers a higher transfer limit and a forward contract service that allows users to lock in an exchange rate for a future transfer, which can be helpful for budgeting or avoiding currency fluctuations.
Transfer Time	Xoom typically takes 1-3 business days to process a transfer.	XE transfer time is usually within 24 hours
Additional Features	No additional features.	XE Money offers a wide range of payment options, including bank transfer, debit and credit cards, and online wallets like PayPal and Skrill, allowing for great flexibility and ease of use. XE Money also offers loyalty programs and reward points, which can be redeemed for discounts on future transactions.
Payment methods	Xoom allows users to pay for their transfers using a debit or credit card, bank account, or PayPal account.	XE Money offers many options, including bank transfers, debit and credit cards, and online wallets like PayPal and Skrill.
Customer service	Customer service Xoom has received positive reviews regarding its customer service. They offer support via phone, email, and live chat, and they have dedicated teams to assist users with any questions or issues. However, it's always a good idea to read reviews and customer feedback to get a sense of the experience other users have had with each platform.	XE has received positive reviews regarding its customer service. They offer support via phone, email, and live chat, and they have dedicated teams to assist users with any questions or issues. However, it's always a good idea to read reviews and customer feedback to get a sense of the experience other users have had with each platform.
Global Outreach and Accessibility	Xoom is available in a select few countries only.	XE is available in more countries than Xoom, making it more accessible for users who need to send money to countries that Xoom does not support.

In conclusion, XE Money and Xoom are reliable and secure platforms for sending money internationally, but they have different strengths and weaknesses. XE Money offers a highly competitive exchange rate, lower fees, a forward contract service, and more payment options. Xoom is available in fewer countries and has a fluctuating exchange rate, but it offers cash pickup and bill payments. Ultimately, the best choice for you will depend on your specific needs and preferences, and it's worth researching both options and comparing them based on fees, exchange rates, transfer limits, available countries, security, customer service, and additional features before deciding.

It's crucial to remember that while these are some of the factors to consider when selecting a platform for international money transfers, the ultimate decision should be based on individual needs and preferences. It's imperative to research and compare both options regarding fees, exchange rates, transfer limits, accessibility to countries, security measures, and customer support before making a final choice.

When it comes to online money transfer services, Xoom and XE Money are two prominent platforms that offer convenience and reliability. However, when considering the best option, XE Money emerges as the superior choice, outperforming Xoom in several critical aspects. One key advantage is XE Money's comprehensive comparison platform, which allows users to easily compare the best current exchange rates offered by various remittance service providers. This transparency ensures that customers get the most value for their money, without losing out on hidden fees or unfavorable rates. Moreover, XE Money's advanced currency rate prediction tools empower users to make well-informed decisions about the optimal timing for their transfers, further maximizing their savings. With its user-friendly interface and a dedication to providing the most competitive currency exchange comparisons, XE Money solidifies its position as the preferred platform for anyone seeking a seamless and financially rewarding online money transfer experience.