PayPal vs Xoom

Overview

PayPal

Stacks19.5K

Followers14.8K

Votes665

Xoom

Stacks3

Followers8

Votes0

PayPal vs Xoom: What are the differences?

Introduction

PayPal and Xoom are both digital money transfer platforms that provide convenient and secure ways to send and receive money online. While both services offer similar features, there are key differences that set them apart.

Transfer Speed: One of the major differences between PayPal and Xoom is the transfer speed. PayPal offers instant transfers within its network, allowing users to send money to each other in real-time. On the other hand, Xoom may take a bit longer to process transfers, typically within a few hours or up to 48 hours, depending on the recipient's location and the method of payment.
International Transfers: PayPal and Xoom differ in their international transfer capabilities. While PayPal supports international transfers to more than 200 countries and regions, Xoom focuses primarily on serving customers who want to send money internationally. Xoom provides a wider range of destination countries and additional services, such as bill pay and mobile reloads, making it a more comprehensive option for international transfers.
Fees and Exchange Rates: Another significant difference between PayPal and Xoom is in their fees and exchange rates. PayPal charges transaction fees that vary based on factors like the country, currency, and transaction amount. Additionally, when sending money internationally, PayPal may apply an exchange rate markup. In contrast, Xoom offers predictable and competitive exchange rates with no hidden fees for international transfers, making it a cost-effective choice for sending money abroad.
Payment Options: PayPal and Xoom also diverge in terms of payment options. PayPal allows users to send money using various funding sources, including bank accounts, credit or debit cards, and PayPal balances. Xoom, on the other hand, mainly focuses on bank account transfers and credit or debit card payments, making it more streamlined for individuals who prefer these payment methods.
Transfer Limits: Both PayPal and Xoom have different transfer limits. PayPal's transfer limits depend on the user's account type and verification level, which can be increased by providing additional information. Xoom, on the other hand, has predefined limits that vary based on the recipient's location, with higher limits available for verified accounts. Therefore, if you have specific transfer limit requirements, it is important to consider which platform suits your needs better.
Customized Services: Xoom offers additional customized services that are not available on PayPal. For example, Xoom allows users to pay utility bills and reload mobile phones in select countries, providing added convenience for users who frequently make these types of payments. This feature is not available through PayPal, making Xoom a more versatile option for users seeking a wider range of services.

In summary, PayPal and Xoom differ in transfer speed, international transfer capabilities, fees and exchange rates, payment options, transfer limits, and additional customized services. Choosing the right platform depends on your specific needs and preferences, as both services provide secure and reliable options for sending money online.

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Detailed Comparison

PayPal	Xoom
PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser.	It is a PayPal Service is a electronic funds transfer or remittance provider that allows consumers to send money, pay bills and reload mobile phones from the United States to 70 countries.
2.9% + $0.30 or less- With our flat, transparent pricing, you’ll never be surprised by hidden or variable fees. We also offer discounted rates when you sell a lot, or when you use our card reader.;Keeping every seller secure- If you’re sent an unauthorized payment, or a buyer claims they never received an item, our Seller Protection covers you for the full amount of the eligible payment.;Easy for them, easy for you- With just a few clicks, you can get paid by debit card, credit card, or a PayPal transfer. All someone needs to start buying from you is your e-mail address or mobile number.;Adaptive Payments- The Adaptive Payments API allows merchants and developers to pay almost anyone and set up automated payments.;Express Checkout- Express Checkout allows merchants and developers to minimize the number of steps customers must complete when they checkout.;PayPal Payments Advanced- PayPal Payments Advanced allows merchants to enable their online stores to collect payment directly via credit card or via PayPal Express Checkout.	Get status updates; Clear, upfront pricing; Personal customer service
Statistics
Stacks 19.5K	Stacks 3
Followers 14.8K	Followers 8
Votes 665	Votes 0
Pros & Cons
Pros 196 Most known service 135 Consumers know it 113 It's available for many countries 70 Easy 54 Best way to get paid outside US Cons 1 Harder to get started with 1 Less countries supported 1 Not well written recurring payment api	No community feedback yet
Integrations
Formstack Wufoo Constant Contact Shopify Recurly	ClickUp Recurly Magento WordPress ClickFunnels SugarCRM Stripe

What are some alternatives to PayPal, Xoom?

Stripe

Stripe makes it easy for developers to accept credit cards on the web.

Braintree

Braintree replaces traditional payment gateways and merchant accounts. From one touch payments, to mobile SDKs and international sales, we provide everything you need to start accepting payments today.

Recurly

Recurly is the leading pay-as-you-go recurring billing service because setup is easy, integrations are quick, and our service grows with the needs of your business.

Adyen

A payments technology company that provides a single global platform to accept payments anywhere in the world. Businesses can process payments across online, mobile and in-store (POS) with over 250 payment methods and 187 currencies.

Payoneer

It is a financial services company that provides online money transfer and digital payment services and working capital solutions

TransferWise

It bypasses pricey international payments entirely by using two local transfers instead of one international transaction. If you want to convert your pounds to euros, you send the money in pounds to its UK-based account.

Amazon FPS

With Amazon Flexible Payments Service developers can accept payments on their website for selling goods or services, raise donations, execute recurring payments, and send payments. Amazon customers can pay using the same login credentials, shipping address and payment information they already have on file with Amazon. Amazon FPS supports the processing of payments using credit cards, bank accounts and Amazon Payments account balances to send or receive money.

Zuora

Zuora gives you the enterprise-class, cloud-based tools you need to launch and scale any subscription service, quickly and affordably. Design your pricing and packaging, start taking quotes and placing orders, automate your billing and payments, and keep tabs on your financials.

Razorpay

Razorpay is the only payments solution in India that allows businesses to accept, process and disburse payments with its product suite. It gives you access to all payment modes including credit card, debit card, netbanking, UPI and more.

WePay

WePay helps people sell tickets to events, send invoices, sell items online, and accept donations online. WePay also provides an API that allows developers to access its payments platform.

Related Comparisons

PayPal vs Xoom: What are the differences?

Introduction

Transfer Speed: One of the major differences between PayPal and Xoom is the transfer speed. PayPal offers instant transfers within its network, allowing users to send money to each other in real-time. On the other hand, Xoom may take a bit longer to process transfers, typically within a few hours or up to 48 hours, depending on the recipient's location and the method of payment.
International Transfers: PayPal and Xoom differ in their international transfer capabilities. While PayPal supports international transfers to more than 200 countries and regions, Xoom focuses primarily on serving customers who want to send money internationally. Xoom provides a wider range of destination countries and additional services, such as bill pay and mobile reloads, making it a more comprehensive option for international transfers.
Fees and Exchange Rates: Another significant difference between PayPal and Xoom is in their fees and exchange rates. PayPal charges transaction fees that vary based on factors like the country, currency, and transaction amount. Additionally, when sending money internationally, PayPal may apply an exchange rate markup. In contrast, Xoom offers predictable and competitive exchange rates with no hidden fees for international transfers, making it a cost-effective choice for sending money abroad.
Payment Options: PayPal and Xoom also diverge in terms of payment options. PayPal allows users to send money using various funding sources, including bank accounts, credit or debit cards, and PayPal balances. Xoom, on the other hand, mainly focuses on bank account transfers and credit or debit card payments, making it more streamlined for individuals who prefer these payment methods.
Transfer Limits: Both PayPal and Xoom have different transfer limits. PayPal's transfer limits depend on the user's account type and verification level, which can be increased by providing additional information. Xoom, on the other hand, has predefined limits that vary based on the recipient's location, with higher limits available for verified accounts. Therefore, if you have specific transfer limit requirements, it is important to consider which platform suits your needs better.
Customized Services: Xoom offers additional customized services that are not available on PayPal. For example, Xoom allows users to pay utility bills and reload mobile phones in select countries, providing added convenience for users who frequently make these types of payments. This feature is not available through PayPal, making Xoom a more versatile option for users seeking a wider range of services.

PayPal vs Xoom

Overview