Xoom money transfer is a service to send money online very easily. You can use Xoom to send money to your family and friends in your country in a cheap, fast and easy way.
With this service, you can make money transfers over the internet to many countries, including many countries across the world, including Europe, Africa, Asia, North and South America, Australia, etc.
In a fraction of seconds, the money will be deposited in the account of the receiver.
It is a fast, secure, and reliable way of transferring money.
What is Xoom?
The Xoom service began operating in the year 2001 and is used by many people to transfer money online to other countries around the world.
By using Xoom money transfer, you can send money online to your family members in a fast, secure, and much cheaper way than other money transfer services.
You may like this: Ecobank Transfer Code Guide.
How Does Xoom Work?
Most people are familiar with PayPal, so how Xoom works is something many people don’t understand.
In this guide, I will show you in detail how Xoom money transfer works.
Xoom works the same way as PayPal operates.
It makes the process of sending money very easy, fast, and secure.
Thus with Xoom, you can send money worldwide very quickly and more economically.
Technically speaking, Xoom is not a payment processor like PayPal and the rest. Because of that, the recipient of the funds must not necessarily register with Xoom to receive payments.
No, he or she doesn’t need to have an account.
The money is deposited directly into the person’s bank account.
Because of that, the Xoom company works with accredited financial institutions in almost every country where they operate.
This is where you need to take a critical look at. Make sure your bank works with Xoom before you begin the process of transferring money into your account.
More importantly, the charges or fees on the transfers made using Xoom are very cheap as compared to other money transfer services.
To start using the Xoom money transfer service, you need to register.
Oh yes, you must sign up before making your money transfers.
Don’t bother about that because the registration process is pretty simple and takes a few minutes.
Just after you sign up, you can start sending money to your loved ones, and it is instant.
Read this too: How To Create A Personal PayPal Account.
How To Sign Up Or Register For Xoom Money Transfer
You can signup for Xoom either on your phone or laptop. All you need to do at this moment is to get an internet-enabled device.
Follow these steps to register for Xoom successfully:
Connect your phone or laptop to the internet
Open your browser and go to https://xoom.com
Click on Signup at the top right corner of the page
You can choose to register with your Paypal account or signup with an email address
If you do not have a PayPal account, then click on Sign Up with Email
Another page will open for you to continue the Xoom registration
Enter your First and Last names
Provide an active email address
You must create your passport in the section provided
Enter your phone number
Make sure you select the right country using the drop-down button
Carefully read the Xoom’s user agreement and understand the terms and conditions
Click on the signup button to complete the registration process.
Check your email for a confirmation message.
Note that you are required to provide a valid national ID card like a driver’s License or Passport before your registration will be approved.
Read this also: List Of Standard Bank Branches In South Africa.
How To Transfer Money With Xoom
Now that you have successfully registered for the service, I know you would want to send money to your family and friends.
Here is how to transfer money with Xoom:
- Login to your account by visiting www.xoom.com
- Go to the My Account page
- Click on the Quick Send tab
- Select the country you are transferring the money to.
- After selecting the country, click on Continue to be taken to the next page.
- You must enter the actual amount of money you wish to transfer.
- If you are sending the money in a different currency, the equivalent amount you be shown for you to know how much the recipient will receive in all.
- Indicate how you want the money to be transferred
- Next, select your mode of payment
- You must accurately enter the recipient’s bank account details.
- Provide your contact details, which include your full name, address, and phone number.
- Provide your payment information
- Click on the “Continue to review” button
- Please, review the transfer details and confirm that everything is accurate.
- Finally, press Send to complete the money transfer.
That is how easy it is to transfer money with Xoom.
Read also: How To Contact PayPal Customer Service.
List Of Countries That Support Xoom Money Transfer
Oh yeah, I know you may be wondering which countries you can send money to through the Xoom money transfer.
Like I said earlier, many countries support the Xoom service.
With the Xoom money transfer service, you can send money to several countries.
Here are the countries that support Xoom money transfer:
Bangladesh, China, El Salvador, Ghana, Indonesia, Kenya, Morocco, Nepal, Nigeria, Pakistan, Philippines, Poland, Singapore.
South Africa, Spain, Sri Lanka, Vietnam, Jamaica, India, within the United States.
The United Arab Emirates, Antigua, and Barbuda, Anguilla, Albania, Armenia, Argentina, Aruba, Barbados, Burkina Faso, Bahrain.
Burundi, Benin, Bermuda, Bolivia, Brazil, Bahamas, Botswana, Belarus, Belize, Canada, the Democratic Republic of Congo.
Central African Republic, Switzerland, Ivory Coast, Chile, Cameroon, Colombia, Costa Rica, Cyprus, Germany, Dominica.
Dominican Republic, Egypt, Ethiopia, France, United Kingdom, Grenada, Georgia, French Guiana, Guinea, Guatemala, Guinea-Bissau.
Guyana, Honduras, Haiti, Italy, Jordan, Kyrgyzstan, Cambodia, Kuwait, Cayman Islands, Kazakhstan, Laos, Lebanon, Saint Lucia.
Liberia, Lithuania, Moldova, Madagascar, Mali, Myanmar, Martinique, Montserrat, Malawi, Mexico, Malaysia, Mozambique.
Namibia, Niger, Nicaragua, Panama, Peru, Papa New Guinea, Portugal Romania, Russian Federation, Rwanda, Saudi Arabia.
Sierra Leone, Senegal, Suriname, Swaziland, Turs and Caicos Islands, Togo, Thailand, Tajikistan, Tunisia, Tonga, Trinidad and Tobago.
Ukraine, Uganda, Uruguay, Uzbekistan, Saint Vincent and the Grenadines, British Virgin Islands, Samoa, Zambia.
For What Purposes Can It Be Used?
There are many ways in which you can use this system and benefit from its services;
Here are some that come to mind:
Send money to family and friends abroad.
Send money to your partners.
Pay your suppliers.
Send money to people who are in countries where they cannot receive or withdraw from PayPal.
Western Union alternative.
Alternative to Money Gram.
Give money to friends abroad on birthday, wedding, graduation, children and more.
Xoom money transfer is obviously cheaper than Money Gram or Western Union.
It offers an excellent option to send and receive money online into your bank account.
And it means you do not need to join a long queue at the bank hall before your money is sent.
In the past, people who received money from abroad had to go to the offices of Western Union or Money Gram to collect the money; now, with Xoom, they receive it directly in their bank accounts.
You can do that anywhere at any time. All you need is to get connected to the internet.
Moreover, Xoom offers a 100% money-back guarantee.
In fact, for several countries, you also have the option to receive the money with a special secure debit card, or the money can be delivered directly to you right in your home.
That is how robust and reliable the Xoom money transfer has become.
So why the wait? You need to sign up now.
How Much Does It Cost To Transfer Xoom Money?
The Xoom transfer charges vary, and it depends on many factors. Some of the factors that affect the Xoom money transfer charges include the following:
Where you are sending the money
How you are paying for the transfer
The amount of money you are transferring
Because of the variation in the charges for transferring money from one country to another, it is advisable to use the Xoom’s online exchange rate and fees calculator to get actual values.
With this calculator, you need to enter the amount of money and the destination.
Related article: Apple Pay Step-By-Step Guide.
Advantages Of The Xoom Money Transfer Service
Here are some of the main pros or advantages of using Xoom to send and receive money:
The service is safe and secure
Xoom offers 24-hour service with phone and email support.
The exchange rates and fees are affordable and cheaper than many other services.
With Xoom, you can track your money transfers in real-time. You can get updates of your money transfers through text messages, phone calls, or email.
You also enjoy a money-back guarantee.
These are Some Xoom Alternatives For You
- PayPal
- Payoneer
- Western Union
- MoneyGram
- WorldRemit
- TransferWise
- Remitly
- XE
- Currencies Direct
- OFX
- Remit2India
- RIA Money Transfer
How Long Does It Take For Xoom To Transfer Money?
Xoom makes most money transfers within minutes. This means you can send money to your friends and they will receive the funds in a few minutes.
When you send huge money like $10,000 within 24-hours, then it will take about 2-3 business days before the funds will be deposited into your bank account. This process takes a little longer than the usual Xoom processing time.
Moreover, if you send the money after 4:00 pm PT, then it takes even much longer time to transfer the funds into your account.
It is also important to note that Xoom money transfers on weekends; Saturdays and Sundays usually delay. Because of that, it is advisable to send the money on weekdays.
How To Reset Your Xoom Password
If you forgot your Xoom password and you want to change it, then follow these steps:
1. Go to www.xoom.com
2. Click on Sign in
3. Select Forgot Your Password
4. The enter the email address you used for your Xoom account
5. Click on the Send email button
6. You will instantly receive a message in your email with instructions as to how to reset your Xoom password.
7. In most cases, the mail contains a link that you need to follow to reset your password.
8. Click on the link to continue
9. Enter a new password and press Send.
That is it. You have successfully changed the password, and you can now login to your account.
This simple and easy article Was Last Updated on by Nana Abrokwa
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