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

An amazing system that performs effectively enables multiple Banking operations to provide excellent and accurate data and its accounting functionalities are the best and easy to manage assets and track all the project payments and invoicing ability is also very good. For clients' data management and easy creating reports on cash flow and also on the project expense, Rebank offers the best capabilities.

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

• See all your account balances in one place
• See an estimate of my runway

• 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

• Processing many payments at a go is challenging experience.
• Rebank integration especially for big data handling may slow the performance.
• Tracking a big history of transaction data is also very slow.

• 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

I actually use Wise and Rebank for different things. I have some multi-currency accounts on Wise that I use to get paid by my clients I then connect my Wise accounts and my accounts from other banks to Rebank where I can see all their balances and easily move money across them.

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

• Rebank allows easy tracking of various project expense data.
• Budgeting is excellent.
• Analytics for financial operations are the best.
• Invoicing and transactions tracking through Rebank is effective.

• 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