TransferWise vs Xoom: What are the differences?
What is TransferWise? An online account that lets you send money, get paid, and spend money internationally. 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.
What is Xoom? Transfer money online securely and easily. 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.
TransferWise and Xoom belong to "Payment Services" category of the tech stack.
Some of the features offered by TransferWise are:
- Invite friends to TransferWise
- Send us verification documents
- Set up Amount Lock transfers on available currency routes
On the other hand, Xoom provides the following key features:
- Get status updates
- Clear, upfront pricing
- Personal customer service