XOOM - All required important information of a leading money transfer service provider (2024)

Brief Summary for Xoom USD-MXN

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.