Revolut vs Xoom Comparison

Revolut, a UK-based fintech startup, has rapidly ascended as a leading digital banking platform offering a wide array of financial services, including multi-currency accounts and investment options. With its innovative app and global reach, Revolut caters to a modern, tech-savvy audience seeking comprehensive financial solutions.

On the other hand, Xoom, a PayPal service, specializes in fast and secure international money transfers, allowing users to send funds to over 160 countries. Known for its user-friendly interface and integration with PayPal, Xoom focuses on remittances and offers features like cash pickup and direct bank transfers.

Both companies have carved their niches by providing reliable, efficient services tailored to the needs of global consumers and businesses alike.

Customers

Company NameRevolutXoom
Logo
revolut new logo
Revolut ReviewXoom Review
Customer Rating4.4/5 (TrustPilot)4.0/5 (TrustPilot)
# Rating Customers109,000 (TrustPilot)22,000+ (TrustPilot)
Top 3 Pros
  • Great Currency Exchange Rates
  • Good App
  • Easy to Sign Up
  • Offers 79 currencies
  • Clients can send cash to 160 countries
  • Mobile reloads and online bill pay
Top 3 Cons
  • Involved in Scandals Over AML Policy
  • Only PARTLY Regulated by FCA
  • Customer Response Could be Delayed
  • High Absolute Fees per Transfer
  • Not suitable for high-value transfers
  • Complaints about excessive KYC for smaller transfers

Availability

Company NameRevolutXoom
Logo
revolut new logo
Office LocationsAustralia, Brazil, Canada, France, Germany, India, Ireland, Japan, Lithuania, Poland, Portugal, Russia, Singapore, Spain, Taiwan, UK, USCorporate offices in the USA. Affiliated agents all over the globe
# Currencies29 via Bank Transfer, 140 with Currency Card79

Security

Company NameRevolutXoom
Logo
revolut new logo
Regulated byFCA, European Central BankFinCEN, FCA, FINTRAC
HTTPS SecuredYesYes
Segregated Customer AccountsYesNo
2FAYesYes

Limits and Fees

Company NameRevolutXoom
Logo
revolut new logo
Min TransferΒ£/€/$ 1Not specified
Max TransferVaries by account type$2,999 per day
Fixed FeesVariable fees of between 0.35% and 1%Varies by destination and payment method
See Rates Before You Log In?YesYes

Customer Support

Company NameRevolutXoom
Logo
revolut new logo
Dedicated DealerNoNo
EmailYesYes
PhoneNoYes (only for big clients)
Live ChatYesNo
24/7NoYes (for some languages)

Ways to Transfer

Company NameRevolutXoom
Logo
revolut new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesNo
Cash PickupNoYes
Card Top-UpYesNo

Additional Functions

Company NameRevolutXoom
Logo
revolut new logo
HedgingYesNo
Mass PaymentsYesNo
Cash ChequesNoNo
Multi-Currency Debit CardYesNo

Conclusion

On MoneyTransferComparison, Revolut has received a higher editorial score. The advantages of Revolut over Xoom are these:

  • A broader range of currencies supported for transactions.
  • The inclusion of additional functionalities like hedging and mass payments.
  • Offering a multi-currency debit card which enhances its usability for travelers and international transactions.

Revolut is better for individuals and businesses looking for a comprehensive banking alternative with features like multi-currency accounts, investment options, and the ability to hold and exchange numerous currencies. It’s particularly suited for travelers and those who conduct business in multiple currencies.

Xoom is better for those who need to send money quickly and directly to recipients in over 160 countries, especially for cash pickup and direct bank transfers. It’s also advantageous for users who value the integration with PayPal and those who are looking for a simple, straightforward way to send remittances back home.