What is Xoom?

Xoom is a PayPal-owned international money transfer service that specializes in fast transfers to 160+ countries. Launched in 2001 and acquired by PayPal in 2015, Xoom leverages PayPal's infrastructure to offer lightning-fast transfers.

Key Features

Xoom excels at delivering funds quickly, often in minutes. You can send to bank accounts, cash pickup locations, mobile wallets, and even reload mobile phones in some countries. The integration with PayPal makes it extremely easy for existing PayPal users.

Fees and Exchange Rates

Xoom charges $0 to $4.99 per transfer depending on the destination and payment method. However, PayPal adds an exchange rate markup of 1-3%, which can make Xoom more expensive than competitors for larger transfers.

Speed

Xoom is one of the fastest options available. Many transfers arrive within minutes, especially to countries with strong banking infrastructure. Cash pickup is also available in select countries.

PayPal Integration

If you have a PayPal balance or linked bank account, Xoom makes it very easy to send money internationally. Funds are deducted directly from your PayPal balance or linked account.

Pros

  • Extremely fast transfers
  • PayPal integration for existing users
  • Covers 160+ countries
  • Mobile reload options in some countries
  • 24/7 customer support

Cons

  • Higher exchange rate markups (1-3%)
  • Requires PayPal account
  • Not the best option for large transfers

Our Verdict

Xoom is best for PayPal users who need to send money urgently. For larger transfers where cost matters, consider Wise instead.