XOOM - All required important information of a leading money transfer service provider (2024)
Pros and Cons, Brief Summary and much more information
What we like about Xoom
- Transfer amount as low as $10
- Excellent customer reviews
- Quick transfers within 4 hours
- Offers online fees calculator
- Cash pick-up upto $950
What we don't like about Xoom
- Strict monthly limits on transferable amount
- Variable transfer rates
- Less favorable exchange rates than major competitors
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Brief Summary for Xoom CAD-INR
Xoom, a PayPal based service is an electronic funds transfer or remittance provider that allows consumers to send money, pay bills and reload pre-paid mobile phones from the United States and Canada to 131 countries. The company was founded in 2001, is based in San Francisco, CA, and has an office in Guatemala City, Guatemala. In November 2015, PayPal acquired Xoom Corporation for $25 a share in cash, or about $1.09 billion. Prior to that, Xoom was an independent publicly traded company and was initially backed by venture firms including Sequoia Capital, New Enterprise Associates, SVB Capital, and Fidelity Ventures. Xoom offers easy and secure ways to send money online and pay bills for family and friends around the world.
Today, Xoom offers one of the fastest money transfer service to India. Payments can be funded by a bank account, debit cards, and credit cards. The money is sent directly to the bank accounts of the recipients.
Xoom helps the Indians living in Canada by allowing them to transfer money abroad to their loved ones living in India through them in a hassle-free manner. They provide the fastest service to transfer money at decent CAD to INR exchange rates for currency conversion while sending money to India. You can send up to $75,000 USD to India (INR) at one go without any trouble. You can make payments either through bank transfer, or credit or debit cards. They charge a minimal amount as transaction fees such as $2.99 on transactions between $13-499 and $0 on transactions between $500-75000 on bank transfer and transaction fees are higher for debit/credit card transfers depending upon the card company. Being adhered to strict laws, they ensure safe and secure transactions while sending money to India. Xoom has nationwide coverage in India, and you can transfer money to any bank you wish. You can definitely trust Xoom as a quickest remittance service to make sure that the funds are transferred within hours.
Steps to send money to India using Xoom
Xoom (CAD-INR) FAQs (Frequently Asked Questions)
How much fees does Xoom charge?
How long does it take to send money online with Xoom?
What is the maximum I can transfer with Xoom?
What is the minimum amount I can transfer with Xoom?
What are the payment methods that Xoom supports?
What are the receiving methods that Xoom support?
At what rate will Xoom transfer my money?
Can I cancel my transfer with Xoom?
When is the best time to set up a transfer with Xoom?
From which countries can you send money using Xoom?
To which countries can you send money using Xoom?
Does Xoom offer a cash pick-up facility?
How often does Xoom offer bonus coupons?
How secure is my transaction with Xoom?
Does Xoom have a mobile app?
What are Xoom’s Customer Service information?
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