Is MoneyGram or Xoom cheaper?

Today on a USD 1,000 transfer to INR, Xoom delivers 279 INR more than MoneyGram. The winner can flip on different corridors and amounts — always check the live comparison on the corridor page before transferring.

What's the main difference between MoneyGram and Xoom?

MoneyGram (Flat fee + rate markup): Global cash pickup network and digital app — recently acquired by Madison Dearborn. Xoom (Flat fee + rate markup): PayPal-owned remittance service with deep cash pickup and bank network coverage.

Which is faster, MoneyGram or Xoom?

For this corridor today, MoneyGram reports minutes and Xoom reports minutes. Speed depends on payment method and the recipient's bank — debit-card-funded transfers typically clear faster than ACH.

Which is safer, MoneyGram or Xoom?

Both are licensed money services businesses. MoneyGram is regulated in USA, UK, EU. Xoom is regulated in USA, UK, Canada. As long as you transfer through their official site or app, both are safe to use.

Does MoneyGram or Xoom offer better exchange rates?

Right now, MoneyGram's rate is 94.8313 INR per USD and Xoom's rate is 94.9211. Rates change throughout the day — the best move is to compare the *recipient amount* (rate plus any margin minus fees), which is what the table above shows.

MoneyGram vs Xoom

Live fee, exchange rate and recipient amount comparison for USD → INR. Pros, cons and licensing in one view.

Today's verdict for USD 1,000 → INR

Xoom wins by INR 279

Xoom delivers INR 94,921, compared with MoneyGram at INR 94,643. Verdicts can flip on different corridors and amounts — always check the live corridor page before transferring.

Flat fee + rate markup

Global cash pickup network and digital app — recently acquired by Madison Dearborn.

Fee: USD 1.99
Rate: 94.8313
Speed: Minutes
Recipient gets: INR 94,643

Founded 1940

Dallas, TX, USA

Pros

Cash pickup at 350,000+ locations in 200 countries
Mobile app makes online transfers competitive
First-transfer promotional fees and discounts

Cons

Exchange rate margin is wider than digital-first MTOs
Cash-to-cash fees are notably higher
Limits and KYC checks can delay first transfer

Try MoneyGram

Flat fee + rate markup

Winner today

PayPal-owned remittance service with deep cash pickup and bank network coverage.

Fee: Free
Rate: 94.9211
Speed: Minutes
Recipient gets: INR 94,921

Founded 2001

San Francisco, CA, USA

Pros

Backed by PayPal — login and pay with existing PayPal balance
Cash pickup at thousands of locations worldwide
Reload mobile minutes and pay bills in some destination countries

Cons

Fees vary widely by payment method (bank cheaper than card)
Exchange rate margin can be larger than dedicated MTOs like Wise
Limits on send amount per period

Try Xoom

Side-by-side comparison

Spec	MoneyGram	Xoom
Fee model	Flat fee + rate markup	Flat fee + rate markup
Headquarters	Dallas, TX, USA	San Francisco, CA, USA
Founded	1940	2001
Status	Private (acquired by Madison Dearborn Partners, 2023)	Owned by PayPal Holdings
Live USD→INR fee	USD 1.99	Free
Live USD→INR rate	94.8313	94.9211
Recipient gets (USD 1,000)	INR 94,643	INR 94,921
Typical speed	Minutes	Minutes
Top corridors	USD→MXN, USD→PHP, USD→IND	USD→INR, USD→PHP, USD→MXN

User reviews

MoneyGram

Read reviews on Trustpilot

Xoom

Read reviews on Trustpilot

We don't host our own reviews — we link to Trustpilot so the rating isn't influenced by us.

Frequently asked questions

Other comparisons

Wise vs Remitly →Wise vs Xoom →Wise vs MoneyGram →Wise vs Western Union →Remitly vs Xoom →Western Union vs MoneyGram →

Live quotes from Wise's public comparison API, updated every 5 minutes. Provider profiles are based on public information; for pricing, KYC requirements and current promotions always check the provider's official site. Methodology.