Xoom Review 2025: Is It Still a Top Choice for International Money Transfers?
Benjamin Clark - 2025-08-29 11:17:41.0 9
Cross-border money transfers have become increasingly digital, offering faster and more convenient alternatives to traditional banks. Xoom, a PayPal service, is one of the widely recognized platforms for sending money internationally. But is Xoom still the best option in 2025, and how does it compare with newer fintech platforms?
What is Xoom?
Launched in 2001 and acquired by PayPal in 2015, Xoom allows users to send money online to over 130 countries. Its service is designed for speed and convenience, offering bank deposits, cash pickups, and mobile wallet transfers.
-
Headquarters: San Francisco, USA
-
Founded: 2001
-
Service regions: 130+ countries
-
Target users: Individuals and families seeking fast, reliable remittance
Key Features of Xoom
-
Multiple Payout Options – Users can send money to bank accounts, cash pickup locations, and mobile wallets depending on the recipient country.
-
Integration with PayPal – Allows easy funding via PayPal account, debit, or credit card.
-
Fast Transfers – Many transfers are instant or completed within hours, especially for popular corridors.
-
Mobile App & Web Platform – Offers convenient tracking and notifications on both app and web.
-
Reliable and Regulated – Licensed in multiple jurisdictions and backed by PayPal’s security framework.
Pros and Cons of Xoom
Pros:
-
Wide global reach (130+ countries)
-
Fast transfers and instant notifications
-
Multiple payout methods
-
Secure and regulated by authorities
Cons:
-
Fees can be higher for certain corridors and funding methods
-
Exchange rates may include hidden margins
-
Limited promotional offers compared to newer fintech services
Xoom vs Panda Remit: Key Differences
While Xoom is a reputable and fast service, Panda Remit offers unique advantages for users who prioritize cost transparency, broader coverage, and instant transfers:
| Feature | Xoom | Panda Remit |
|---|---|---|
| Founded | 2001, USA | 2018, Singapore |
| Coverage | 130+ countries | 37+ sending countries, 40+ receiving regions |
| Fees | Variable, depends on corridor and funding method | Fixed low fees, new users enjoy fee-free transfers |
| Exchange Rates | Slight margin above mid-market | Competitive “Diamond Rate” for frequent users |
| Transfer Speed | Instant to few hours | Instant to same-day in many corridors |
| Payout Options | Bank account, cash pickup, mobile wallet | Bank account, Alipay, WeChat Pay, mobile wallets |
| Customer Support | Limited hours | 24/7 multilingual support |
Final Verdict
Xoom is a trusted choice for users seeking fast, reliable international transfers with multiple payout options, especially if you already use PayPal. However, for those seeking transparent fees, broader coverage, and promotional benefits, Panda Remit provides distinct advantages:
-
Low fixed fees and promotional discounts for new and frequent users
-
Extensive coverage for sending and receiving money across continents
-
Instant or same-day transfers in many corridors
-
24/7 multilingual customer support
For daily exchange rate updates, promotional coupons, and tips for international remittance, follow Panda Remit on social media:
