We often get confused when picking an Electronic funds transfer platform due to plenty of available options. Not everyone looks for the same features when selecting a payment platform. That is why platforms like Xoom still survive in the US and Canada. From these countries, Xoom operates in more than 130 countries. Indeed, it is not the cheapest available option.
It lies in the medium category in terms of charges. Despite that fact, it has some essential features that people love. For instance, it is an exceptional alternative if you have to pay an international recipient. Also, it is a wise option if you are doing frequent international transactions.
Holding Xoom from PayPal makes it more reliable and credible as a payment platform. It is great for delivering basic banking services to international billing services. This App is available on both Android and iOS platforms. The striking aspect of this platform is its ability to pick up cash or deliver it. It is not available in a few important regions compared to its few competitors.
- 1 Key Features of Xoom Money Trasnfer:
Key Features of Xoom Money Trasnfer:
For instance, its bill payment is available in eight countries, primarily in Central America, with minimal fees. Let us discuss some key functions of xoom apk in this section.
1) Easy Sign Up:
You can create or register your account on Xoom with a few clicks. The signup procedure is extremely basic and easy. To register your account, your age must be above 18 years. Also, you must have a registered PayPal account before that. You can instantly sign in to your newly created account through Xoom or PayPal.
2) Money Transfer:
You can transfer money to the recipient’s bank account, digital wallet, or debit card through Xoom. The recipient can collect money from the Xoom-affiliated locations if he does not have an account. Also, you can send the money directly to the mailing address.
The reception of money does not take much longer. Despite that, it depends on the location and medium of the transaction. For example, sending $200 to Mexico will cost $2.99, while this fee increases to $3.99 for debit or credit cards. Apart from the charges, the money transfer is instant, fast, and easy.
3) Bill Payments:
In my opinion, bill payment is a popular feature of Xoom among its users. You can pay bills from local and international agencies easily with your mobile device. You can pay the types of bills: water, phone, electricity, internet, and more.
Keep in mind that this bill payment is limited to 8 countries of the American Continent. Xoom’s main focus in bill payment is to facilitate the people living in the US and Canada. With Xoom, they can pay bills and other dues remotely. That is what makes it a go-to option for international bill payments.
4) Reloading Mobile Accounts & Tracking:
In more than a dozen countries, you cannot only reload your mobile phone accounts on Xoom but also store your contacts in it. DT One is a company that uses its Reloading function to put money into another person’s mobile phone account.
You can complete this process after paying a fee by just entering the name and picking the desired amount. Tracking is the key aspect of Xoom to keep you informed as the user. You can get essential transaction information via push notifications and update buttons. This helps you to verify and understand your cash flow regularly. You can also get a comprehensive statement of your credit and debit history.
5) Xoom Pricing & Usage:
Pricing and usage are the two important factors that ensure customer retention in the long term. The application is free, but it charges a fee for transactions. Depending upon the type of transaction, the medium and the receiver account type can alter the fee charges.
The App is fairly simple to use. Another great thing about the App is its compatibility with PayPal. You may get confused with its fee structure and other instructions. You have to consult their customer support which is always available by phone and email.
Firstly, you will be exposed to its automated support system. After that, you can talk to their customer service representative in case of any complaint or query.
FAQs About Xoom App:
Q1: What are the three main competitors of Xoom in the market?
Xoom is giving tough competition to its competitors in the Electronic Payment Platform category. Its top three competitors are Remitly, Wise, and OFX. OFX transfers money in more than 190 countries, while Remitly has a tough time in the international payment category.
Wise takes the lead, offering its credit card while Xoom is integrated with PayPal. PayPal is the real difference between Xoom and its competitors.
Q2: How can I keep track of my Xoom transactions?
The tracking of money transfers on Xoom is completely an automated procedure. Push notifications are the primary source to give tracking details. You can also use its update button to monitor transactions in detail. Above all, you can go to the Activity section to explore the transaction thoroughly.
Q3: What is the Limit for Xoom money transfers for US citizens?
As far as the money transfer limit is concerned for US citizens, Xoom has introduced three different levels. These three distinct levels range from $2999 to $100,000. This limit is applied to the amount and the period. For instance, 120 days is the limit if you transfer $9999.
Q4: Name the countries where Xoom services are available.
Here is the list of the countries where Xoom’s services are available. US, Canada, the UK, Europe, and a few South American Countries.
In this article, we have briefly discussed the important features of Xoom app. Being an Electronic Funds Transfer platform, Xoom has gained customers’ trust over time. Since its acquisition from PayPal, its horizon and customer base have increased significantly.
It is a pretty simple fund transfer mobile application concerning usage. We have discussed its other features separately. Also, we have answered some key questions often asked by new users. If you have already used the Xoom Apk, you can share your experience with us in the comment section.