Xoom PayPal – Money transfer just got better with Xoom PayPal, a service that offers global money transfers. With Xoom, customers can send money, pay their bills, and even reload mobile phones from the United States to other 52 countries, including China, India, Guyana, Pakistan, Mexico, Brazil, and the Philippines.
Xoom is owned by Paypal, thus it’s services are integrated. Owing to this, users can use a PayPal linked bank account, credit card, or debit card on Xoom.
Xoom Paypal Review
Xoom Paypal currently, stands as one of the best options of sending money abroad. It is a leading money transfer provider that you can turn to when you wish to send money form the United States, Canada and Europe (Eurozone, non-Euro zone countries, and the UK).
Xoom Benefits
Using the Xoom service entitles you to the following benefits:
- Efficient customer service
- Amazing network of delivery options as well as cash pickup locations in Mexico and the Philippines.
- Swift transfer to different countries
- Xoom offers a particularly large number of transfer options to Latin America in general
- Xoom’s homepage is clear and quite easy to understand.
- Intending users can easily open an account with Xoom
- Setting up your transfer is easy and quick
- You can easily sign up and make a transfer both on mobile and desktop.
Download Xoom App
How Xoom PayPal Works
- Open a free account, by visiting Xoom’s website.
- Fill out the details about your recipient.
- Set up a transfer with Xoom, by filling out how much money you want to send and how you are paying for your transfer.
- Then fund your transfer by making a local bank transfer or pay by debit or credit card.
- Xoom will then convert your money in the recipient’s currency and send same to the recipient through the chosen pay-out option.
How to Pay with Xoom
To make payments using the Xoom service, you have the option of paying using your bank account, debit, or credit card. Now depending on the country you are sending money to, money can be delivered as cash, deposited in a bank account, airtime top-up as well as delivered to the beneficiary’s home address.
Xoom can also be used to pay utility bills in 10 countries like Colombia, Costa Rica, Guatemala, Nicaragua, Panama, Vietnam, Dominican Republic, El Salvador, Jamaica, Honduras, Mexico.
How To Cancel a Xoom Transaction
To cancel a Xoom transaction:
- Go to your Track Transactions page
- Then, scroll to Transaction History under My Transactions.
- Select the transaction you want to cancel.
- Choose Cancel Transaction
Documents Required and Payment Limit
This is how it works with Xoom. In the US, the maximum send amounts users are allowed to send with Xoom is $2,999 per day. If you do not provide documents, you will also have a limit of $6,000 per month and $9,999 for a period of six months.
As a US resident, you can increase these limits by providing additional documents like:
- ID (passport, driver’s license, etc.)
- Green card
- Proof of income (pay slip)
- Bank statement
In the process of increasing your limits, Xoom’s customer service will prompt you to answer a few security questions about your transfer like your relationship with the recipient, the reason you are transferring money if you are sending money on behalf of someone else as well as your current occupation.
What Does it Cost to Send a Xoom Paypal Transfer?
What it costs to send a Xoom transfer varies depending on the amount you are sending, the countries that you are transferring money between, how you are paying for the transfer, as well as how the beneficiary is accessing the funds that you are transferring.
Xoom makes money on both the fees they charge, as well as on the difference between the base exchange rate and the exchange rate they offer to you.
How Long Does it Take to Send and Receive Money With Xoom?
The time it takes for you or your beneficiary to receive money after it has been sent, depends on several factors. These factors include the countries and currencies you are sending money between, the amount you are sending, how the transfer is paid for, how the beneficiary prefers to receive the money as well as any additional security checks.
Most times, the transfer will arrive a few minutes after it has been sent, but it can sometimes take a few days. Xoom will keep you updated about your transaction through email or text messaging, and you can also track your transaction in your Xoom account.
There are also various ways you can speed up Xoom transactions and get money to the beneficiary faster. To do this, ensure that you have all the details that Xoom or your beneficiary’s bank might need, including name, address, contact information and bank account details.
Then plan for the time that Xoom might need to confirm your bank account, and complete payment processing. You will also be required to account for the operating hours of banks, cash pickup agents or home delivery services.
Receive Money From Xoom
Xoom has several convenient ways for you to get to your money, and it includes the following: a direct transfer into the beneficiary’s bank account, cash pickup at one of the thousands of Xoom local agent locations, home delivery to the beneficiary’s address, mobile top-up and bill pay.
Now note, not all options will be available in all currencies and countries, and that there may be an additional fee.
How to Add a Recipient’s or Beneficiary’s Bank Details in Xoom
In case you want to send your money transfer directly to the beneficiary’s bank account, you will be required to provide their banking details. These will typically include their name, address, country, and details of the bank account. You will also be required to provide the routing number/sort code, the specific account number, and in some cases the bank identifier, IBAN or SWIFT code.
Now understand that transferring funds directly into a beneficiary’s bank account may attract a fee from the receiving bank, which is outside of Xoom’s control.
How to Send Money Via Xoom PayPal
Even though you can’t really pay for a Xoom transaction using the money in your Paypal balance, you can use the bank accounts, credit, or debit cards linked to your Paypal account to send money abroad.
In case you want to use Paypal with Xoom, you will need to sign in to your Xoom account, and click on the Continue With PayPal tab. When you need to pay for your transaction, you can select from a payment method that is associated with your PayPal account.
Understand that in some cases EUR or GBP bank accounts linked to your Paypal account will be temporarily unavailable to use Xoom.
How to Delete Your Xoom Account
To delete your Xoom account, you are to contact Xoom customer service. It can either be through emailing Xoom customer service via the Xoom website. Or you can also call Xoom directly, depending on where you are located. Email support is available in English, Spanish, French, Italian, German, Arabic, Portuguese, Vietnamese and Chinese.
