Xoom (PayPal) review

Founded in 2001 and based in San Francisco, USA, Xoom (PayPal) is a global money transfer network. Xoom (PayPal) is authorised and regulated by FinCEN, which means customer money is safeguarded separately from company funds. It currently holds a Trustpilot score of 4.6 out of 5 from roughly 205,028 reviews, which we rate excellent.

On fees, Xoom (PayPal) charges nothing upfront on the majority of corridors (from $0 to $4.99), but the bigger cost is usually the exchange-rate markup of 1% - 3% above mid-market, which is built into the rate rather than shown as a line item. Transfers run from a minimum of $1 up to $50,000 per transaction. In our own rate collection, across the 12 corridors we track for Xoom (PayPal), its exchange rate has averaged 2.85% from the mid-market rate.

Delivery speed is quoted at minutes to 3 days, and the service reaches 130+ countries across 50+ currencies. You can fund a transfer by Bank Transfer, Debit Card and Credit Card, with money delivered via Bank Deposit, Cash Pickup and Mobile Reload. The mix of funding and payout options is a good guide to which corridors Xoom (PayPal) handles best.

On the plus side: fast delivery to many countries, cash pickup widely available and mobile reload option. That makes it a sensible choice for sending to recipients who need cash in hand rather than a bank deposit. Worth keeping in mind: exchange rate includes markup and limited to personal transfers.