Likelihood to Recommend Many of our international students studying at our institution are financially supported by their parents in their homeland. In other words, they rely on their families for payment of their class fees. So, Flywire makes international payments convenient by making payment by visiting our college website and finding the Flywire payment option. Some prefer this method over credit card payments or by wiring money to the student's bank account in the U.S., which creates a whole additional step in making payments.
Read full review Xoom is best suited to send and receive money between two people who live in different countries, not only that we can also send money to our friends, colleagues, family members directly in their bank accounts. They have a great currency exchange functionality that directly converts our received money into our local currency, and deposits it into our bank account within a few minutes. The only drawback is that not many people know about it, it needs good marketing so that more people can use this service, and from my experience, I can say it is very secure and a good competitor of Payoneer.
Read full review Pros It accepts a wire transfer from virtually all nations outside the U.S. The customer service support is helpful. Once payment information in our system is updated, it allows for payment for classes from overseas to run smoothly. Read full review Very fast transfer and very secure as being of PayPal. Receiver don't need to download the app or use Xoom. It supports bank and debit card to transfer funds and same with the receiver. Read full review Cons Delay time could be shortened between the actual time of payment and the confirmation of payment. It could allow for the payer to pay more than the outstanding balance without rejecting additional amounts of money. Refund information by way of Flywire is a little vague. Read full review Some destinations take longer to get delivered to. Higher amounts of money are harder to transfer. High fees when trying to add funds to new card. Read full review Likelihood to Renew I don't see any other service that is so versatile and which offers such a breadth of services.
Read full review Usability It's one of the most easy to use and intuitive platforms. The app is very powerful as well.
Read full review Support Rating The support team is excellent. They help with any queries.
Read full review Implementation Rating The implementation was largely successful. Since this was a large shift from normal practices, we faced a few teething problems, but largely I'd say it went well.
Read full review Alternatives Considered Flywire is relatively simple to use with much quicker response time when it comes to customer support.
Read full review We agreed to select Xoom as the main payment method since it had more flexible options. It gives the user a full guarantee of transacting safely and when there is a conflict the customer support team acts quickly. The charges for sending and receiving money are relatively low as compared to other platforms. The mobile application has biometric login features making it difficult for unauthorized users to access confidential information.
Read full review Return on Investment Cannot think of any negative impact A good number of students are using Flywire to pay for their classes, so it is growing in popularity It reduces the amount of foot traffic at the cashier / payment office when it comes to issues involving payment of classes. Read full review We have had an uptick in payment processing times. We receive payments from customers on time with no lag between invoice and payment dates. Overall Xoom has literally added to our bottom line by allowing more than a physical check payment option. Read full review ScreenShots