XE vs Xoom

Is XE better than Xoom? Both companies offer bank-beating mid-market exchange rates and both are well-regulated, secure and customer-oriented, giving banks a good run for their money. Although Xoom charges a small fixed transfer fee regardless of the amount, and XE doesn’t charge customers for the transaction, a little more beneficial Xoom’s exchange rate equates the overall price. All in all,  the two services are about even in terms of price, and both are extremely competitive against other transfer agents or banks.  “Direct Transfers” peer-to-peer matching system, letting users find the desired deal is an unbeatable Xoom’s advantage, but then XE has triple as much currencies available. 1-1 in this battle, and you can easily go with any of the two and get a great deal.

Established
Established
1993
2001
TrustPilot Rating
TrustPilot Rating
Office Locations
Office Locations
Canada, UK, USA
USA, GT
REGULATION
FCA (UK)
FCA (UK)
ASIC (Australia)
ASIC (Australia)
FinCEN
FinCEN
SAFETY
Two-factor payment authentication
Two-factor payment authentication
Information stored in a secure data center
Information stored in a secure data center
Segregated customer accounts
Segregated customer accounts
FEES & CHARGES
Transaction Fee
Transaction Fee
0 Fees
Medium fees $4 - $7 on average (for most countries)
Exchange Rate
Exchange Rate
Mid-market
Mid-market
Other Fees
Other Fees
-
-
Minimum Transfer Amount
Minimum Transfer Amount
€/£/$1
$10/£8/€9
Maximum Transfer Amount
Maximum Transfer Amount
$500K
$10k
SENDING & RECEIVING OPTIONS
Scheduled & Recurring Payments
Scheduled & Recurring Payments
Delivery Speed
Delivery Speed
0 - 2 Days
1 - 3 Days
Countries
Countries
170
131
Currencies
Currencies
60+
30+
CUSTOMER SUPPORT
Phone Assistance
Phone Assistance
Email
Email
Live Chat
Live Chat
24/7, 7 days/week
24/7, 7 days/week
TRANSFER METHODS
Bank Transfer
Bank Transfer
Credit/Debit Card
Credit/Debit Card
Cash
Cash
Mobile App
Mobile App
Other
Other
PayPayl account
ONBOARDING SIMPLICITY
Onboarding Time
Onboarding Time
Within minutes
Within minutes
eKYC
eKYC
Ease of Use
Ease of Use
Easy
Easy
UNIQUE FEATURES
Peer-To-Peer Direct Transfers
Peer-To-Peer Direct Transfers
Same Day Transfers (when possible)
Same Day Transfers (when possible)
Zero Fees on Transfers
Zero Fees on Transfers
MOBILE TRANSFERS
Full Featured App
Full Featured App
Mobile Adaptive Website
Mobile Adaptive Website
App UX
App UX

XE Money Transfer offers a range of flexible features to ensure fast and simple international money transfers. With no fees on its transactions, XE Money Transfer allows you to convert the most currencies from around the globe. Established in Canada in 1993, XE Money Transfer has handled a massive $10 billion worth of global payments.

Xoom, a PayPal Service is an electronic funds transfer or remittance provider that allows consumers to send money, pay bills and reload mobile phones from the United States and Canada to 131 countries. The company was founded in 2001, is based in San Francisco, CA, and has an office in Guatemala City, Guatemala.