Xoom Money Transfer - Q&A Submitted By: App Reviewer Seller:Xoom Corporation (...) Category:FinanceReviewed Version: 9.5.1 Download: iOSAndroid Other Similar Apps:
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Price:
Free
Paid
Paid Options
Xoom is free to download but does charge fees. These fees vary depending on where you're sending money and how much money you plan to send. It also depends on how you're funding your money transfer. If you plan to use Xoom to pay a bill, the fee is $2.99. You can generally expect to pay a fee that begins at $4.99 for most money transfers.
Xoom is a payments app developed by PayPal. It makes it easy to send both domestic and international funds quickly to 160 countries. You can send money in a fast and secure way to your friends and family. The app gives 24/7 transaction protection and fraud monitoring. All you have to do is to first register for an account and download the mobile app. Then you'll be able to send money through the app or by logging into the Xoom website. Your money transfers can be funded by a bank account, debit card, credit card, or PayPal balance.
App Features and Capabilities
Fast and Secure: The app has made it easy for users to transfer money instantly. Xoom app makes payments quickly. If you use a credit card, debit card or PayPal balance as a payment method, a Xoom transfer can often arrive instantly.
Low Transfer minimum: The app gives leverage to its users in terms of sending money despite of minimum limit. You can transfer minimum $10 by using the Xoom app.
Multiple transfer option: The app has wide range of money transfer options. Users can send and receive money in multiple ways. For transfer users can use Bank transfer, Debit & credit card and PayPal balance. Funds can be received via debit card deposit, Bank deposit, Cash pickup and door to door delivery option which varies from country to country.
Pay bills: Xoom app allows you to pay utility bills as well as insurance and loan bills. This feature is only available for a limited number of countries. The transaction fee of paying bills is $2.99.
Reliable service: The app offers great support and reliable service to its users. Xoom has benefited from a harmonized and well-established customer support system available on both email and phone.
Mobile Top up: The app offers this great feature of mobile top up by which you can simply top up your recipient's mobile phone directly from the Xoom platform.
Pros
The app is simple, fast and safe as an option for transferring funds.
The recipients don’t need to be users of Xoom as they can still receive money.
The app has user friendly interface and easy navigation system.
The app offers multiple ways to transfer and receive funds.
The app offers high transfer limits for verified accounts. Users can Send up to $100,000 per day to a recipient’s bank account by verifying personal information through Xoom.
The app supports transfers up to 160 countries worldwide.
Cons
The app lacks live support channel like chat box which other services providers do offer.
Xoom doesn't have a clear schedule of how it charges its exchange rate markups. App charges high fee specially on funds transfer done through cards.
The app allows to transfer only $2,999 per day if you have only a basic profile on the app.
The delivery times can take longer for few destinations.
A lot of documentation is required for verification process.
Exchange rates being offered are high.
Other Information to Know
Xoom app is one of the leading payment app. The seller of the app is Xoom Corporation. The app ranks at no. 93 in the category of Finance. The app has a rating of 4.8 stars on app store. It has a rating of 4.7 stars on google play store. You can download it for free from app store. The size of the app is 188.4 MB on apple store. This app is compatible with android and iOS system and requires 13.0 or later version. The app is available and supports multiple languages. PayPal, Inc. owns the rights of the Xoom app.
