XOOM - All required important information of a leading money transfer service provider (2020)
Pros and Cons, Brief Summary and much more information
- Transfer amount as low as $10
- Excellent customer reviews
- Quick transfers within 4 hours
- Cash pick-up upto $730
- Offers online fees calculator
- Strict monthly limits on transferable amount
- Variable transfer rates
- Less favorable exchange rates than major competitors
|Transfer Fees||$2.99 on $10-499$4.99 on $500-999$0 on $1000-50000|
|Transfer Time||0-4 Hours|
|Max Transfer Amount||$50000|
|Min Transfer Amount||$10|
|Sending Methods||Bank ACHDebit CardCredit Card (Not recommended-Remittance often treated as cash advances)|
|Receiving Methods||Direct Bank DepositCash Pick-Up|
|Customer Service Information||Email: firstname.lastname@example.orgNumber (US): +1-877-815-1531|
How to Send Money with Xoom
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 Mexico. 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 is a remittance service provider that helps Mexican immigrants make hassle free transfer of money from the United States to Mexico. With the decent USD to MXN exchange rates for currency conversion while sending money to Mexico , Xoom express is definitely one of the fastest methods to send money online. They also offer a lot of payment methods including Bank ACH, Credit or Debit card. You can transfer up to $10,000 at one go. They charge a minimal amount as transaction fees such as $2.99 on transactions between $10-299, $0 on transactions between $300-10000 on bank transfer and additional transaction fees are applicable for debit/credit card transfers based on the card company. They have high security protocols and hence they ensure the safety and security of the transactions that are made. You can definitely trust Xoom as a money transfer service for sending money from the United States to Mexico through them. They’ll make sure that the funds are transferred within hours.
Steps to send money to Mexico using Xoom
Go to https://remitanalyst.com/send-money-to-mexico-usd-to-mxn/remit-profile/xoom & click “Send”
Select the country where you want to send money
Create an account if you’re a first time user otherwise click “Log In”
Fill out basic information and click “Sign Up”
Check your email to confirm and activate your new Xoom account
“Log in with Xoom” using your email ID and password
Enter the amount you want to send and click “Send Now”
Check the transaction history (Transaction Fee, Exchange Rate etc.) & then click “Continue”
Select preferred option for receiving money (Either Bank Deposit or Cash Pickup) and click “Continue”
Fill out “Recipient Bank Account Information” and click “Continue”
Fill out all basic information of “Recipient” and click “Continue to Payment”
Select the “Payment Method” and click “Continue to Review”
Carefully review “Recipient Information”, “Bank Details for receiving payment” & “Bank Account Number for sending payment”
Review all Transaction Details and click “I agree. Authorize payment” to complete the transaction
Visit https://remitanalyst.com/send-money-to-mexico-usd-to-mxn/remit-profile/xoom to get all required information about Xoom money
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Other Xoom Corridors on RemitAnalyst
Paypal, Xoom money transfer's parent company, enabled QR code payments through its app in 28 markets, covering most major markets such as the UK and US, allowing merchants to conduct contactless transactions. PayPal's QR code payments could attract consumers.
Xoom, the international money transfer service from PayPal, announced its U.S. domestic rollout with strategic alliances with Walmart and Ria, which will let customers send funds from nearly 5,000 locations in the U.S. This will add cash pick up facility for Xoom customers.
The answer, when comparing Xoom or any other transfer service, is “it depends.” Here are the percentage fees charged for transferring pounds into a range of other currencies, according to FXC Intelligence, a specialist data provider. There are another variables as well.