Overview of Worldremit and Xoom
WorldRemit and Xoom are both online money transfer services that allow users to send money to friends and family living abroad. Both platforms offer a convenient and secure way to transfer funds, with multiple payout methods and the ability to send money to over 100 countries worldwide.
WorldRemit was founded in 2010 and has since grown to become one of the most popular online money transfer services. The platform offers competitive exchange rates and low fees, making it an affordable option for sending money internationally. WorldRemit also offers a mobile app for easy access and convenience.
Xoom, on the other hand, was founded in 2001 and acquired by PayPal in 2015. The platform is known for its fast and reliable service, with most transfers completing within minutes. Xoom also offers competitive exchange rates and low fees, making it a popular choice for sending money to friends and family living abroad.
Both WorldRemit and Xoom offer a range of payout options, including bank transfers, cash pickups, and mobile wallet transfers. Users can also track their transfers in real-time and receive notifications when the recipient receives the funds. Overall, both platforms offer a convenient and affordable way to send money internationally.
Services Offered
When it comes to international money transfers, both WorldRemit and Xoom offer a range of services to their customers. Here’s a breakdown of the services offered by each company:
WorldRemit Services
WorldRemit allows customers to send money to over 130 countries worldwide. Some of the services offered by WorldRemit include bank transfers, cash pickups, mobile money transfers, and airtime top-ups. With WorldRemit, customers can also send money directly to mobile wallets in certain countries.
Xoom Services
Xoom allows customers to send money to over 130 countries worldwide as well. Some of the services offered by Xoom include bank transfers, cash pickups, and home delivery. With Xoom, customers can also send money directly to mobile wallets in certain countries. Xoom also offers a unique service called Bill Pay, which allows customers to pay bills for their loved ones in other countries.
Overall, both WorldRemit and Xoom offer a variety of services to their customers, making it easy to send money internationally. However, the specific services offered may vary depending on the country you’re sending money to and the method of transfer you choose.
Comparison of Fees
Worldremit Fees
Worldremit charges a fee when you send money overseas. The size of the fee is calculated based on your transaction amount, where you’re sending money, and the transfer method you select. The fees vary depending on the country you’re sending money to and the payment method you choose. Worldremit offers different payment methods, including bank transfers, debit cards, and credit cards.
Xoom Fees
Xoom charges a fee when you send money overseas. The fees vary depending on the country you’re sending money to and the payment method you choose. Xoom offers different payment methods, including bank transfers, debit cards, and credit cards. The fees for Xoom are generally higher than those of Worldremit.
When comparing the fees of Worldremit and Xoom, it is important to consider the exchange rates offered by each provider. Worldremit generally offers better exchange rates than Xoom, which can help offset the higher fees charged by Xoom. It is also important to consider any additional fees that may be charged by the recipient’s bank or financial institution.
In summary, when comparing the fees of Worldremit and Xoom, it is important to consider the specific details of your transaction, including the country you’re sending money to and the payment method you choose.
Transfer Speed
Worldremit Transfer Speed
Worldremit offers fast transfer speeds, with most transfers being completed within minutes. However, the speed of the transfer may vary depending on the recipient’s location, payment method, and other factors. Generally, bank transfers take longer to complete compared to cash pickups and mobile money transfers.
Worldremit also offers an option for customers to send money as an airtime top-up, which is an instant transfer. This service is available in select countries and is subject to certain conditions.
Xoom Transfer Speed
Xoom offers fast transfer speeds as well, with most transfers being completed within minutes. However, the speed of the transfer may vary depending on the recipient’s location, payment method, and other factors. Generally, bank transfers take longer to complete compared to cash pickups and mobile money transfers.
Xoom also offers an option for customers to send money as a mobile reload, which is an instant transfer. This service is available in select countries and is subject to certain conditions.
In summary, both Worldremit and Xoom offer fast transfer speeds, with most transfers being completed within minutes. However, the speed of the transfer may vary depending on the recipient’s location, payment method, and other factors.
Customer Experience
Worldremit Customer Experience
Worldremit offers a user-friendly platform that allows customers to easily send money to over 130 countries worldwide. The platform offers multiple payment options, including bank transfers, mobile money, and cash pick-up, which makes it easy for customers to choose the most convenient option for their recipient. Worldremit also offers a mobile app that is available for both iOS and Android devices, making it even more accessible for customers on the go.
Worldremit also has a responsive customer support team that is available 24/7 to assist customers with any issues they may have. The platform also provides customers with real-time updates on the status of their transfer, which helps to keep them informed throughout the process.
Xoom Customer Experience
Xoom offers a user-friendly platform that allows customers to easily send money to over 130 countries worldwide. The platform offers multiple payment options, including bank transfers, mobile money, and cash pick-up, which makes it easy for customers to choose the most convenient option for their recipient. Xoom also offers a mobile app that is available for both iOS and Android devices, making it even more accessible for customers on the go.
Xoom also has a responsive customer support team that is available 24/7 to assist customers with any issues they may have. The platform also provides customers with real-time updates on the status of their transfer, which helps to keep them informed throughout the process.
Overall, both Worldremit and Xoom offer excellent customer experiences, with user-friendly platforms, multiple payment options, and responsive customer support teams.
Security Measures
Worldremit Security
Worldremit takes security very seriously and has implemented various measures to ensure that your money and personal information are safe. Here are some of the security measures that Worldremit has in place:
- Encryption: Worldremit uses 256-bit SSL encryption to protect your data and transactions from unauthorized access.
- Two-factor authentication: Worldremit requires two-factor authentication to ensure that only you can access your account.
- Compliance: Worldremit is regulated by various financial authorities and complies with all the necessary regulations to ensure that your money is safe.
Xoom Security
Xoom also takes security very seriously and has implemented various measures to ensure that your money and personal information are safe. Here are some of the security measures that Xoom has in place:
- Encryption: Xoom uses 128-bit SSL encryption to protect your data and transactions from unauthorized access.
- Two-factor authentication: Xoom requires two-factor authentication to ensure that only you can access your account.
- Compliance: Xoom is regulated by various financial authorities and complies with all the necessary regulations to ensure that your money is safe.
Overall, both Worldremit and Xoom have implemented various security measures to ensure that your money and personal information are safe. However, it is always important to be vigilant and take the necessary precautions to protect yourself from fraud and scams.
Availability and Accessibility
Worldremit Availability
Worldremit is a global money transfer service that allows users to send money to more than 130 countries worldwide. The service is available in more than 50 countries, including the US, UK, Canada, Australia, and many European countries. Customers can send money online or via the Worldremit mobile app, which is available for both iOS and Android devices.
Worldremit also offers a variety of payout options, including bank transfer, cash pickup, and mobile wallet transfers, depending on the destination country. In some cases, customers can even send airtime or pay bills using the Worldremit platform.
Xoom Availability
Xoom is a PayPal service that provides international money transfer services to more than 130 countries worldwide. The service is available in the US, Canada, and Europe, as well as in select countries in Latin America and Asia. Customers can send money online or via the Xoom mobile app, which is available for both iOS and Android devices.
Xoom offers a variety of payout options, including bank transfer, cash pickup, and home delivery, depending on the destination country. In some cases, customers can also send airtime or pay bills using the Xoom platform.
Overall, both Worldremit and Xoom offer a wide range of services and are available in many countries worldwide. However, the availability of specific services and payout options may vary depending on the destination country. It is always best to check the availability and fees for specific countries before making a transfer.
Pros and Cons
Pros of Worldremit
- Lower fees compared to Xoom.
- Offers a wider range of transfer methods, including bank deposit, mobile wallet, and cash pickup.
- Allows for transfers to over 150 countries, including many developing countries.
- Offers a referral program that rewards both the referrer and the referred.
Cons of Worldremit
- Limited customer support options, with no phone support available.
- Some users have reported delays in processing and delivery of funds.
- Limited transfer options for some countries.
Pros of Xoom
- Offers a user-friendly platform with easy navigation and a mobile app.
- Allows for transfers to over 130 countries, including many developing countries.
- Offers 24/7 customer support via phone, email, and chat.
- Offers a money-back guarantee for some transfers.
Cons of Xoom
- Higher fees compared to Worldremit.
- Limited transfer methods, with no cash pickup option available.
- Only allows for transfers in USD.
- Some users have reported delays in processing and delivery of funds.
Overall, both Worldremit and Xoom offer competitive money transfer services with their own set of pros and cons. It’s important to compare fees, transfer methods, and customer support options to determine which service is best for your specific needs.
Conclusion
Both WorldRemit and Xoom are reliable and trustworthy money transfer services. They offer competitive exchange rates, low fees, and fast transfers. However, there are some differences between the two that may make one more suitable for your needs than the other.
If you are looking for a service that offers a wider range of countries and currencies, then Xoom may be the better choice for you. They offer transfers to over 130 countries and support more than 80 currencies.
On the other hand, if you are looking for a service that offers more flexibility in terms of transfer options, then WorldRemit may be the better choice. They offer a wider range of transfer methods, including bank transfers, cash pickups, and mobile wallet transfers.
Ultimately, the choice between WorldRemit and Xoom will depend on your individual needs and preferences. It’s important to compare the fees, exchange rates, and transfer options of both services before making a decision.