WorldRemit vs Xoom Comparison

WorldRemit, known for its competitive pricing and wide range of transfer options, serves customers in over 50 countries with a focus on inclusivity and accessibility.

Xoom, a PayPal service, simplifies remittances with its user-friendly platform, allowing transfers from the United States and Canada to 131 countries.

Both companies prioritize security and customer satisfaction, making them reliable choices for global money transfers.

Customers

Company NameWorldRemitXoom
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WorldRemit ReviewXoom Review
Customer rating4.2/54.0/5
# Rating Customers62,000+ on TrustPilot22,000+ on TrustPilot
Top 3 Pros
  • Easy to use
  • Good reach
  • Cheap prices
  • Fast transfers from the USA
  • Accepts low-value payments
  • Easy to navigate UI
Top 3 Cons
  • Service issues
  • Slow processing times
  • Bad employee training
  • High fees for some services
  • Slow customer service response
  • Excessive KYC for smaller transfers

Availability

Company NameWorldRemitXoom
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Office locationsUK, EU, USA, India, South AfricaUSA, Canada
# Currencies70+79

Security

Company NameWorldRemitXoom
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Regulated byFCA, ASIC, and othersFinCEN, FCA, FINTRAC
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FAYesYes

Limits and Fees

Company NameWorldRemitXoom
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Min transferΒ£1$10/Β£8/€9
Max transferVaries by country$50,000 with documentation in the US
Fixed feesVaries by corridorVaries by corridor
See rates before you log in?YesYes

Customer Support

Company NameWorldRemitXoom
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Dedicated DealerNoNo
EmailYesYes
PhoneYesYes
Live ChatYesNo
24/7YesYes

Ways to Transfer

Company NameWorldRemitXoom
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Online SystemYesYes
Online AppYesYes
Multi-Currency AccountNoNo
Cash PickupYesYes
Card Top-UpYesYes

Additional Functions

Company NameWorldRemitXoom
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HedgingNoNo
Mass paymentsNoNo
Cash chequesNoNo
Multi-Currency Debit CardNoNo

Conclusion

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

  • WorldRemit offers a more competitive pricing structure, which can be particularly advantageous for users looking to make small to medium-sized transfers.
  • WorldRemit has a broader global reach in terms of office locations, enabling a more localized service in key markets such as the UK, EU, USA, India, and South Africa.
  • The company provides a wider variety of transfer methods and receiving options, making it more versatile for different user needs.

Both companies are reliable companies with good customer reviews, and both should be considered for your next international money transfer.

WorldRemit is better for users who prioritize cost-effective transfers, need a wide range of transfer methods, and require services in more diverse geographical locations.

Xoom is better for users who value the convenience of integrating with their PayPal accounts, need services specifically from the United States and Canada, and prefer a company with the backing of a well-established financial services provider.