Xooms

Xooms refer to the international money transfers conducted through Xoom, a digital payment service. Xoom allows individuals to send funds online to recipients in other countries, typically for purposes such as family support or remittances. Since being integrated into PayPal, Xoom operates as part of PayPal’s broader payments platform.

Xoom was established in 2001 as a stand-alone online money transfer company. In 2015, PayPal acquired Xoom for approximately $890 million, and Xoom has since operated as part of PayPal's Global Consumer division, expanding cross-border transfer capabilities for PayPal users.

Xoom transfers can be initiated online or via a mobile app. Funds can be sent to bank accounts in many countries, made available for cash pickup at a network of agents, or delivered to a recipient’s mobile wallet where supported. The service supports a range of currencies and delivery options that vary by country.

Fees and exchange rates: Transfer fees depend on destination, funding method, and chosen delivery option, and Xoom applies an exchange rate margin in every transfer. The total cost is the combination of fees and the rate mark-up.

Security and regulation: Xoom employs encryption, identity verification, and fraud-prevention measures. It operates under financial regulatory licenses in jurisdictions where it provides service and follows PayPal’s compliance framework for anti-money laundering and consumer protection.

Availability and limitations: Xoom’s service is widely used across the Americas, Europe, and parts of Asia, but availability of currencies, payout options, and recipient services varies by country. Users should review country-specific details before sending.