Xoom vs TorFX: Which International Money Transfer Service is Better in 2025?

Introduction

Cross-border money transfers are essential in today's global economy, but users often encounter high fees, hidden charges, slow transfers, and complex processes. Xoom and TorFX are popular platforms offering international transfers via mobile apps and multiple payment methods. PandaRemit is another reliable alternative providing fast and flexible online transfers. For more information on money transfers, see NerdWallet's international money transfer guide.

Xoom vs TorFX – Overview

Xoom

• Founded: 2001

• Services: International money transfers, bill payments, cash pickups

• User Base: Millions globally, covering 100+ countries

TorFX

• Founded: 2004

• Services: Large international transfers, competitive exchange rates, business payments

• User Base: Global customers, especially individuals and businesses sending high-value transfers

Similarities

• Both provide international transfer services

• Mobile apps available for easy management

• Accounts can link to bank accounts

Differences

• Fees: Xoom suits small transfers; TorFX is optimized for larger transfers with lower fees per transfer

• Features: Xoom supports cash pickups and bill payments; TorFX focuses on online bank-to-bank transfers

• Target Audience: Xoom targets individuals; TorFX caters to businesses and high-value personal transfers

PandaRemit provides an additional flexible online transfer option.

Xoom vs TorFX: Fees and Costs

• Xoom: Fixed fees for small transfers; promotions may waive fees

• TorFX: Very competitive for large transfers; small transfers less cost-effective

• Account Types: Xoom does not require subscription; TorFX account offers better rates for verified users

Reference for fee comparisons: Investopedia Money Transfer Fees.

PandaRemit offers a low-cost alternative for many transfers.

Xoom vs TorFX: Exchange Rates

• Xoom: Mid-market rates with a small markup

• TorFX: Very competitive rates, especially for large transfers

PandaRemit offers competitive rates without providing specific numbers.

Xoom vs TorFX: Speed and Convenience

• Xoom: Instant transfers in some countries, easy-to-use app, cash pickup available

• TorFX: Typically 1-2 business days, focuses on bank-to-bank transfers

Transfer speed guide: WorldRemit Transfer Speed Guide.

PandaRemit provides fast, fully online transfers.

Xoom vs TorFX: Safety and Security

• Xoom: Regulated in the U.S., uses encryption and fraud protection

• TorFX: Regulated in the UK and internationally, secure online transfers

PandaRemit is a licensed and secure option.

Xoom vs TorFX: Global Coverage

• Xoom: Over 100 countries, various payout methods including cash and bank

• TorFX: Supports numerous countries for bank transfers

More on coverage: World Bank Remittance Coverage Report.

Xoom vs TorFX: Which One is Better?

• Xoom Advantages: Ideal for small personal transfers, fast delivery, versatile features

• TorFX Advantages: Best for large transfers, competitive rates, secure and efficient

PandaRemit may provide better value for users seeking flexible, low-cost, fast online transfers.

Conclusion

Xoom and TorFX each have strengths: Xoom is ideal for personal small transfers, while TorFX excels for large or business transactions. PandaRemit is a strong alternative, offering competitive exchange rates, low fees, flexible payment methods (POLi, PayID, bank transfer, e-transfer, etc.), coverage of 40+ currencies, and fully online fast transfers. For more information, visit the PandaRemit official site or see the Investopedia money transfer guide. Choosing the right service depends on user needs, and PandaRemit offers a convenient, high-value solution.