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Xoom Review — Fees, Rates and Pros & Cons
PayPal-owned remittance service with deep cash pickup and bank network coverage.
Read user reviews on TrustpilotMoney transfer operator
Founded
2001
Headquarters
San Francisco, CA, USA
Status
Owned by PayPal Holdings
Fee structure
Flat fee + rate markup
Xoom charges a fixed transfer fee that varies by amount, payment method and destination, plus a small spread on the exchange rate.
Pros and cons
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
- Same-day delivery for most online transfers
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
Licenses and regulation
Xoom is regulated as a money services business or licensed bank in the following jurisdictions:
| Country / Region | Regulator |
|---|---|
| USA | FinCEN MSB + state licenses |
| UK | FCA |
| Canada | FINTRAC |
Top corridors
Xoom is most competitive on these currency pairs:
Compare against others
Profile based on publicly available company information. For pricing, KYC requirements and current promotions, always check Xoom's official site.