Banno vs. Crowded vs. Xoom, a PayPal Service (personal use only)

Crowded is very well suited for fraternities, or any non-profit community groups really, that have a centralized fund and rely on members purchasing equipment and materials individually. Any company that requires reimbursements and has to manage dues from numerous members should take advantage of this free application, as it provides a really easy way to manage the finances of an organization

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.

Incentivized

• Good customer service.
• Easy-to-use, free software.
• Useful features.
• A sufficient product for its target market.

• 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.

Incentivized

• Collaborating more with fraternities to sponsor events.
• Making payments to nationals even easier.

• 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.

Incentivized

I don't see any other service that is so versatile and which offers such a breadth of services.

Incentivized

It's one of the most easy to use and intuitive platforms. The app is very powerful as well.

Incentivized

The support team is excellent. They help with any queries.

Incentivized

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.

Incentivized

We were using GreekBill before to manage our funds and dues, and it was very outdated and unhelpful. Crowded was much more simple, easy to use, and had way more functions.

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.

Incentivized

• It has allowed us to keep track of all our finances and not lose track of funds.
• It has allowed us to lower dues because of this increased accountability and organization.
• No more reimbursement forms and Venmo payments!

• 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.

Incentivized