Is Xoom a legit company?

Xoom is an international money transfer service administered by PayPal, a trusted company. You can use its encrypted website to send money to over 70 countries. While fees can be high for sending money from your debit or credit card, Xoom does not charge fees for transfer from your PayPal or bank account.

Who is Xoom owned by?

PayPal, Inc.
Xoom Corporation

Type	Money transfer
Founded	2001
Headquarters	San Francisco, California, U.S.
Services	electronic funds transfer remittance provider
Parent	PayPal, Inc.

Where is Xoom headquartered?

San Francisco, CAXoom Corporation / HeadquartersSan Francisco, officially the City and County of San Francisco, is a cultural, commercial, and financial center in the U.S. state of California. Wikipedia

Is Xoom a PayPal company?

Xoom is a PayPal service Simply log in with PayPal to send money with Xoom. Your payment methods are automatically available and your recipients don’t need a PayPal account.

Is Xoom safe and secure?

Xoom lets you send money internationally, pay your bills, and top up prepaid phones. Since Xoom is owned by PayPal and regulated in the US, it’s a safe and secure way to move your money.

Why did Xoom charge me?

Xoom may charge a transaction fee when you send money, reload mobile phones, or pay bills. If your transaction involves currency exchange, Xoom’s exchange rate applies. Transaction fees may vary depending on: Transaction type.

What is the difference between PayPal and Xoom?

As a rule of thumb, PayPal is the best option to transfer money between bank accounts, MoneyGram or Xoom are usually cheaper for transferring money from a sender’s debit or credit card to a recipient’s bank account, and MoneyGram has no fee for international transfers.

Why is Xoom asking for my bank statement?

Verifying documents such as a photo ID or proof of address is an important part of protecting our customers. It helps us confirm your identity and lets us know that it’s safe to send your money around the world.

What company owns PayPal?

eBay
PayPal, the online automated clearinghouse for payments, has been a cornerstone of eBay’s transaction environment. In October 2002 eBay bought PayPal, but it was spun off as an independent company in 2015. Other major acquisitions in the 2000s included Skype (sold 2009), Shopping.com, Rent.com (sold 2012), and StubHub.

What companies does PayPal own?

About PayPal Holdings Inc Its brands include PayPal, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, Happy Returns by PayPal, Chargehound, Paidy and Simility. The Company helps merchants and consumers connect, transact, and complete payments, whether they are online or in person.

How secure is Xoom?

We use 128-bit data security encryption, so all information sent between your web browser and our website remains private and secure. The entire Xoom.com website, even pages viewed without logging in, is served via encrypted, secure pages.

How is Xoom different from PayPal?