Fast, efficient international transactions
May 02, 2022

Fast, efficient international transactions

Saurav Chakraborty | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Xoom, a PayPal Service

Xoom has been really useful in monetary transactions internationally for both business and personal purposes. It is quick and efficient. Also, since it is associated with PayPal, gives an additional layer of security. The exchange rate is very competitive

Pros

  • competitive transaction rate
  • fast efficient transfer
  • added security

Cons

  • transfer fee could be waived for large transaction amount
  • They could offer referral for new users
  • the exchange rate, though quite competitive, but can be better specially for larger transactions
  • additional layer of security
  • quick and efficient
  • Makes sending money abroad easier
  • quick transactions aid in quick processing
  • hassle free and easy to use
I have found xoom to be most efficient in terms of real time processing. The money gets deposited faster than any other service providers I have used. The exchange amount is quite competitive when compared with others and its association with Paypal provides an added layer of security. Quick, competitive and efficient

Do you think Xoom, a PayPal Service delivers good value for the price?

Yes

Are you happy with Xoom, a PayPal Service's feature set?

Yes

Did Xoom, a PayPal Service live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Xoom, a PayPal Service go as expected?

I wasn't involved with the implementation phase

Would you buy Xoom, a PayPal Service again?

Yes

It is very well suited for quick money transfer internationally. While I have used quite a few other service providers for remittance, I have found xoom to be the fastest among them for sending money to foreign bank account. It's association with Paypal gives an added layer of security and customer service, if something goes on. It is my primary choice if I have to send money abroad quickly.

Sometimes, for personal use and when the transaction does not have to be immediate, I have found some other service providers that will provide a better exchange rate and no transfer fee but it takes a little longer to be processed. However, if the transaction does not need to be immediate, then I consider those options over zoom.

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