Sending money from the United States to the Philippines is now easier with Xoom. This PayPal service is known for its reliability, speed, and security. It’s a fast and convenient way to send money to the Philippines, helping Filipino families and businesses.
Whether you’re supporting loved ones or managing business transactions, Xoom ensures safe remittance. Discover why Xoom is a preferred choice and how to maximize its features.
With Xoom, you can send money to over 35 banks in the Philippines. This includes popular banks like Banco de Oro and Bank of the Philippine Islands. You can also pick up money from more than 12,000 locations, such as Cebuana Lhuillier and M. Lhuillier.
This wide accessibility makes Xoom a great option for sending money quickly and securely.
Xoom has faced challenges, like a slowdown in growth starting in 2013. Despite this, the company has adapted by reducing foreign exchange markups and introducing competitive rates. For more information, check out this guide for an alternative to Xoom’s services.
Xoom’s marketing strategy has evolved to focus on competitive exchange rates. This helps the company maintain its market position. Yet, it faces competition from fintech companies like Wise and Remitly, who offer lower pricing.
By ensuring transaction transparency and “best ever” rates, Xoom continues to attract users. This is despite the competitive market environment.
Introduction to Xoom Money Transfer Service
Xoom Payment Service, owned by PayPal, is a top choice for Electronic Money Transfer. It serves over 160 countries. You can get your money through bank deposits, cash pick-ups, or mobile wallet transfers.
Xoom is known for its easy-to-use interface and fast service. It usually finishes transfers in 1-2 business days. You can use Xoom online or through its mobile app, making it convenient to use from anywhere.
The platform shows clear fee details and exchange rates upfront. But, it’s wise to compare these with other services like Wise and TransferGo.
The following table shows how Xoom compares to other services:
| Feature | Xoom | Wise | TransferGo |
|---|---|---|---|
| Countries Supported | 160+ | 70+ | 40+ |
| Transfer Time | 1-2 business days | Minutes to 4 days | 30 minutes to next business day |
| Fee Transparency | High | Very High | Very High |
| TrustPilot Score | 1.9 / 5 | 4.2 / 5 | 4.7 / 5 |
Even though Xoom offers a wide range of services and options, its fees might be higher than others. It’s important to know this before choosing Xoom for sending money abroad.
How to Receive Money from Xoom to GCash
Xoom makes it easy for people in the Philippines to get money in their GCash accounts. This process is free for the receiver and is very convenient. It ensures a smooth transaction.
- A fully verified GCash account is essential. Make sure your account is validated to meet the transaction limits.
- Follow Xoom’s eligibility criteria: Your sender must have a verified PayPal account linked to Xoom.
To start, follow these steps:
- Your sender in the US sends money through Xoom.
- You get a confirmation message from Xoom.
- Log into your GCash app, enter the reference number, and the money goes straight to your GCash wallet.
- If problems arise, Xoom and GCash offer 24/7 customer service to quickly solve them.
The Xoom to GCash Transfer is fast, often taking just minutes. With over 12,000 reliable cash pickup spots and more than 35 banks, Xoom’s service is unmatched. For more on money transfer services, see this guide for transferring funds easily from PayPal to GCash. It also offers insights into receiving money.
Methods like Western Union or bank transfers have higher fees and take longer. Xoom’s Payment Process is cheaper than PayPal, making it a cost-effective way to send money quickly and efficiently.
Here’s a comparison of sending £1,000 from the UK to a Philippine bank account:
| Service | Amount Received (PHP) |
|---|---|
| PayPal | ₱68,635.33 |
| Xoom | ₱69,539.10 |
| Kabayan Remit | ₱71,400.00 |
Using Xoom gives a better rate than PayPal. For efficient money transfer to the Philippines, choose the Xoom Payment Process for speed, cost, and convenience.
Guide to Xoom Send Money to Philippines
Sending money to the Philippines with Xoom, a PayPal service, is now easy. Expats from the US, Canada, the UK, and the EEA can support their loved ones easily. This guide will help you use Xoom efficiently and securely.
To start, create a Xoom account. Use your email and verify your details. Once your account is set up, you can send money.
When you send money, choose how your recipient will get it. Options include cash pickup, bank deposit, mobile wallet like GCash, or door-to-door delivery. Each has its own benefits.
- Cash Pickup: Recipients can get cash from many locations in the Philippines in minutes.
- Bank Deposit: Funds are deposited directly into the recipient’s bank account, usually in minutes.
- Mobile Wallet: Payments to GCash arrive instantly, but the recipient must have a verified GCash account.
- Door to Door: Funds are delivered directly to the recipient’s home.
Fees and exchange rates are clear. Xoom charges low upfront fees, like $0 for bank deposits with PayPal balance or bank account. But, there’s an exchange rate markup usually over 3%. Payments must be claimed within 90 days to avoid losing the funds.
Security is a big deal with Xoom. The platform uses strong protection to keep your transactions safe. Most transfers are done in minutes. For a detailed look at sending options and costs, see the table below:
| Transfer Option | Fee | Exchange Rate Markup | Delivery Speed |
|---|---|---|---|
| Cash Pickup | $0 with PayPal balance/bank account | 3%+ | Minutes |
| Bank Deposit | $0 with PayPal balance/bank account | 3%+ | Minutes |
| Mobile Wallet (GCash) | $0 | 3%+ | Minutes |
| Door to Door | $4.99+ | 3%+ | 1-2 Days |
For more on Xoom’s options for the Philippines, visit their official page. Also, check out Wise for lower fees and the mid-market exchange rate. Wise is quick and affordable, often charging less than 1% of the transfer amount.
For a full guide on sending funds to GCash, see this easy guide. It covers sending money to GCash from the US, ensuring a smooth process.
Fees and Alternatives for Sending Money to the Philippines
Sending money to the Philippines can be tricky. It’s important to know about fees and alternatives to make sure your loved ones get more money. Banks often charge high fees for international transfers, with rates around 13.40%. For example, sending money abroad can cost up to $45, which is expensive for regular transfers.
Platforms like Xoom and Wise offer cheaper ways to send money. Xoom is fast, sending money in minutes. But, fees can increase based on the amount and where it’s going. Wise is another good choice, with fees around 0.95% for sending to the Philippines. This is much lower than banks and some other services.
Other services like Remitly and Western Union also offer good deals. They have fees from 1% to 3% and fast transfers. Western Union lets you send up to $1,500 daily to GCash. Remitly’s average fee is about 1.5%. These options help you save money, so more of it goes to your loved ones.
