Xoom money transfer review & guide

Exchange rates, payment options, step-by-step guide, transfer fees, and all you need to know about .

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Trademark Disclaimer: Xoom* with whom RemitBee Incorporated (“We,” “Us,” “Our”) has no direct or indirect association in marketing, sales or customer service. Indeed, the enclosed contents are provided only for information and comparison purposes. We further state that all third-party products, services, company names and logos remain the property of their respective holders. Use of them here in this article does not imply any affiliation with or endorsement by them.

Everything you need to know

Xoom review

Finding a company that sends money to a wide variety of countries globally can be difficult. Many services that offer global coverage don’t give your recipient too many choices on how to receive their money.

As one of the leading money transfer services, Xoom provides a large network of money delivery options to more than 130 countries internationally. Recipients have multiple options for getting their funds, and Xoom can even be used to pay utility bills in 10 countries.

Payment Methods Available with Xoom

Xoom, a PayPal service, offers several payment methods for sending money internationally.

  • Bank Account Transfers
  • Credit Card Transfers
  • Debit Card Transfers
  • Cash Pickup
  • PayPal Account

    • How long does a transfer usually take with Xoom?

    The time it takes to transfer money with Xoom from Canada depends on the payment method and recipient's country. For cash pickup, funds are typically available within minutes. Bank deposits usually take 1 business day to process. Digital wallet transfers can be completed within minutes, depending on the recipient's provider. Transfer times may be affected by factors like the payment method, destination country, holidays, and verification processes
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    Pros and Cons of using Xoom

    Pros
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    Same-day delivery is available to many countries, getting money to your recipient faster.

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    Send money to more than 130 countries internationally.

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    A large network of cash pickup options, giving recipients greater access to their funds.

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    Owned by PayPal, giving them the reputation and trust backing of the more well-known company.

    Cons

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    Larger exchange rate markup than many companies, between 1 and 3 percent versus an average of 1 percent from other companies.

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    Cannot use your PayPal balance to send and receive money.

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    Daily limits on sending money are lower unless you go through the extra steps of getting your account verified.

    How it works

    How does Xoom make money?

    Xoom makes its money two ways:

    1. By charging fees for each transfer.
    2. By charging additional markups on its exchange rates.
    The fees charged by Xoom vary based on where you’re sending money, the method you’re using to fund the transfer, and how the recipient wants to get their funds. Transferring money between bank accounts is the most affordable option, with fees starting at $4.99.

    Xoom’s fees and their higher exchange rate markup make them one of the most expensive options for online money transfers, so shop around a bit before choosing your service.

    Xoom exchange rates

    Xoom, a PayPal service, calculates exchange rates for transfers from Canada by applying a markup to the mid-market rate the real exchange rate used by banks and financial institutions. This markup varies depending on the currency pair, the amount being sent, and the payment method used. For example, when sending 1,000 USD to Canada, the exchange rate offered by Xoom is approximately 1.3431 CAD per USD, which is about 3.06% below the mid-market rate of 1.386 CAD per USD
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    Best rates with RemitBee

    RemitBee makes sending money abroad simple, fast, and affordable. With transparent fees and no hidden charges, it offers competitive pricing for international transfers. You can choose from multiple payment methods and benefit from the mid-market exchange rate, which ensures you get the best value for your money.

    Transfers are secure, with top-level encryption protecting your data and funds. Whether you're sending money to family or handling business transactions, RemitBee ensures a smooth, reliable experience every time.

    Safety and security

    Is Xoom money transfer secure?

    Xoom is owned by PayPal, one of the biggest and most trusted names in the online money transfer industry. That means Xoom’s website and app are considered very secure and safe for transferring money.

    All transactions through Xoom, as well as all customer data, are secure with state-of-the-art encryption and security measures. It also is regulated and monitored by a variety of international financial agencies.

    Xoom has processed billions of dollars of customer transfers, and the company has many positive online reviews.

    Security features

  • 128-bit SSL encryption protects your personal and financial information with secure encryption during transactions.
  • The entire Xoom website ensures that all data is transmitted via encrypted, secure pages.
  • Xoom employs an anti-fraud verification system to detect and prevent unauthorized or suspicious transactions.
  • Continuous 24/7 fraud monitoring helps identify and address potential fraud.

    • With Xoom you can send money from the following countries

    Xoom allows you to send money to and from over 150 countries. Some of the countries where you can send money include:
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    Other Money Transfer Providers

    Frequently asked questions

    Have questions? We have answers!

    Can I avoid paying Xoom’s money transfer fees?
    How much does it cost to send money with Xoom?
    Is it safe to send money with Xoom?
    How do I cancel a transaction with Xoom?
    How do I cancel a transaction with WorldRemit?