Xoom: Send Money & Transfer


Rating: 4.8	Downloads: 5,000,000+
Category: Finance	Offer by: Xoom, a PayPal Service

Launched by PayPal, Xoom: Send Money & Transfer simplifies international money movement by connecting users to a global network of agents and bank accounts, offering faster, more affordable solutions across 170+ countries. It efficiently handles personal transactions like gifts for family abroad and business payments, serving immigrants, travelers, and freelancers needing reliable cross-border services.

Xoom: Send Money & Transfer streamlines the often-bureaucratic process of sending money internationally through digital ease, secure transactions, and competitive exchange rates, ideal for those prioritizing quick delivery while avoiding complex bank paperwork.

App Features

International Money Transfer: Seamlessly send funds worldwide at potentially lower rates than traditional banks, benefiting frequent senders like expat workers needing quick access to foreign currency for daily expenses.
Real-Time Tracking & Delivery Confirmation: Gain comprehensive visibility via in-app updates showing the transfer status, from secure encryption to final delivery at a receiving bank or local agent location, peace-of-mind for time-sensitive remittances.
Multi-Currency Support & Flexible Payment Options: Choose from various currencies and pay with credit/debit cards or directly link bank accounts, greatly simplifying international transactions for freelancers managing global clients across different regions.
Global & Agent Network Reach: Access funds almost anywhere using extensive local partners including convenience stores, banks, and post offices in recipient countries, making access simple for both users and beneficiaries in remote areas lacking sophisticated banking.
Recipient-Initiated Money Request: Allow beneficiaries to accept money without complex login details by providing a unique request code or email link, addressing language barriers and cumbersome registration processes.
Wireless Sync & Mobile Actions: Manage multiple transfers simultaneously from your smartphone, adding time savings for entrepreneurs coordinating several international payments for business operations on the go.

Pros & Cons

Pros:

Enhanced Speed
Built-In Exchange Rate Predictors
User-Friendly Interface
Affordable Transaction Fees

Cons:

Occasional Processing Delays
Recipient Tracking Limits
Historical Agent Reliability Issues
Currency Conversion & Holding Restrictions

Similar Apps

App Name	Highlights
MoneyGram	A major competitor offering physical agent drop-off alongside digital (MoneyPak) options, highlighting traditional wire strengths.
PayPal Send Money	Focuses heavily on digital integration – ideal for frequent users already embedded within this ecosystem for smoother transactions.
TransferWise	Known for exceptionally low mid-market exchange rate technology, surpassing many traditional providers in financial efficiency.

Frequently Asked Questions

Q: How quickly does Xoom: Send Money & Transfer deposit funds into bank accounts?
A: Most Xoom transfers to bank accounts are available within one business day — sometimes same-day — with delivery notifications giving precise tracking updates on the money’s journey.

Q: Can I add my family members securely to manage received remittances without direct account access?
A: Yes, senders can create internal beneficiaries requiring no extra logins — parents can simply document travel abroad using this child-friendly approach.

Q: Are there minimum sending limits for using Xoom when sending money internationally to a foreign bank account?
A: Generally, minimums are low, often around $10 equivalent, but they vary by destination and currency combination — senders should always double-check auto-update rates before transacting.

Q: What happens if I provide the wrong phone number for my intended recipient during international money transfer via Xoom?
A: Recipients can still be authenticated safely via email link or secure code unless you specified their sending details incorrectly — or a refund may be processed if delivery completely fails due to errors.

Q: How does Xoom handle failed or delayed transfers due to incomplete recipient details, like missing address for bank pickup in the destination country?
A: The Xoom system automatically flags such issues with notifications to senders, who can then correct errors or resubmit transfers — this automated monitoring prevents money loss during global deliveries.