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#Xoom paypal ispot how to#
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In addition, Xoom can be beneficial if you regularly pay international bills or reload a cell phone account. If you have a PayPal business account you might find your transfers can not be funded via this method if they appear to be related to your company.Xoom can be especially useful if you want an international recipient to be able to pick up cash at an array of global locations or want cash to be delivered directly to a recipient in another country. It’s worth noting though that Xoom is intended for personal payments only. That means you can pay with PayPal balances, and that any card or bank account you already use with PayPal will be available for you to use with Xoom, too. Because Xoom is part of the PayPal family, you’ll also be able to link your Xoom and PayPal accounts so you can fund your international transfers from your PayPal account if you want to. In most cases you can pay for your Xoom transfer using a credit or debit card, or a bank transfer.

#Xoom paypal ispot how to#

Check the fee and exchange rate information - more on how to do that in a minute - and follow the online prompts to enter all the details required based on your payment type. Just log into your account online or in the Xoom app, model your payment by entering your destination country and the amount you want to send, and get an instant quote. Sending money with Xoom is pretty easy once you have an account up and running. The amount of money you can send will be based on the account level you hold.

#Xoom paypal ispot upgrade#

You can start an account with just your personal details, or choose to upgrade to a higher account level by adding your SSN or passport information, or proof of identity and address documents. With Xoom you’ll be able to create an account online to send money around the world.

#Xoom paypal ispot full#

This is an extra fee which means it’s harder to work out the full cost of your transaction, and can mean your recipient gets less than you’d expect based on the mid-market exchange rate. Xoom then adds a markup to the mid-market exchange rate to create the rate that’s passed on to customers. “In addition to the transaction fee, Xoom also makes money when it changes your send currency into a different currency.”Īs a large organization, Xoom will purchase most currencies at or near the mid-market exchange rate - the one you’ll find on Google when you look for your currency pairing. You’ll see this message on the Xoom homepage before you even model your transfer: Xoom is very upfront about the fact it also makes money from currency conversion. One is the transfer fee which you can find when you model the payment - the other is the fee which is added into the Xoom exchange rate. When you make a Xoom international payment, you’ll have a couple of different charges to pay. Hidden exchange rate mark-up: between 1-3%.

Upfront transfer fee: usually $4.99 or less and applied only to certain currencies.

Xoom has two types of fees attached when transferring money: It’s also important to note that funding your transfer with a credit card will usually mean you pay your own card’s cash advance fee, with interest applied immediately and without a grace period - that can work out to be a significant expense on top of the Xoom transfer fees. There’s simply more labor required when you use a Xoom agent. You may find that having your transfer collected in cash is more expensive compared to sending the money right to a bank account. The exact costs involved in sending a payment with Xoom will depend on how you fund the transfer and how you want it to be collected or received by your recipient.

Check the fees and exchange rate available, and follow the onscreen prompts to continue if you’re happy.

Click the option Show Xoom fees for this transaction to see the amount you’ll pay based on different methods of funding the transfer.

You’ll be shown how much your recipient will get in the local currency.

Log into Xoom and enter the destination country and amount you want to send.

To find the Xoom fees that apply to your payment: Don’t forget there will also be a charge rolled into the exchange rate used - more on that in a moment. When you model your Xoom international transfer online or in the Xoom app, you’ll see the different options and fees that will apply to your payment.

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