What is PayPal Xoom and how does it work?


PayPal Xoom is a digital money transfer or remittance provider that allows you to send money, pay bills  and reload mobile phones from over 56 countries including Australia and USA. Xoom Corporation, also known as Xoom, was founded in 2001 and is based in San Francisco, CA, and has an office in Guatemala City, Guatemala. Xoom was an independent publicly traded company and was initially backed by venture firms including Sequoia Capital, New Enterprise Associates, SVB Capital, and Fidelity Ventures.  On July 1, 2015, PayPal announced that it intended to spend $25 a share in cash, or about $1.09 billion, to acquire Xoom Corporation and this deal closed in November 2015 where now Xoom is a subsidiary of PayPal.

Xoom offers Money Transfer Services

Xoom- Money Transfer

Xoom offers money transfer services, primarily from one person to another, in many countries worldwide. Money is sent securely through a desktop and smartphone as well as a mobile app. Money sent by Xoom may be received in cash at banks and various other businesses depending on the recipient’s location, as well as by deposit to bank accounts. Users pay for the service using funds paid by direct debit to their U.S. bank account, a credit card, or a debit card.

The Xoom fee varies based on the method of payment. Payment by direct debit to a bank account is the least expensive, while the fee payment by a debit card or credit card are much higher and are based in part on the amount being sent. Xoom acknowledges that it also makes money on the currency exchange, but the exchange rates are favorable to many other alternatives.


The service employs a variety of methods to assure the integrity of users’ accounts as well as to prevent fraud and money laundering. These methods include identity verification and limits on the amounts that can be transferred on per day, per month, and per 180-day period.  These limits make it difficult or impossible to use Xoom for substantial payments. In addition banks or businesses may impose their own limits on the amounts someone may receive in a given period of time.

With Xoom you can recharge your prepaid mobile phones in select countries, pay electricity, telephone, gas, and more bills. With the Xoom bank deposit service, consumers can send money directly to bank accounts in various countries, and the company also offers cash pickup services to select foreign countries as well. Some countries also offer home delivery services.

Xoom is secure as its is  certified by TRUSTe as a licensee of the TRUSTe Privacy Seal Program, is an accredited business of the Better Business Bureau, and operates its website using the verified by Verisign seal.

How Xoom Works?

Xoom- How it works

You need to create your Xoom account and register yourself or log in with your PayPal account.

You can sending money with Xoom have fast money transfers. Just provide your recipient and payment information and you’ll be well on your way to sending money fast.

You can also download the Xoom app from Google Play Store for your Android mobile or from iTunes store for your iOS device and use Xoom anywhere, any time

You can track transfers as well and stay current with text updates, email notifications, online access from your PC or mobile device or call their friendly support staff 24/7. You can call (877) 815-1531 (toll free) or +1 (415) 395-4225

Also Xoom securely stores your information so you can use our simple two-step Quick Send feature on your next transfer.

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