Remitly vs Xoom

Struggling to choose between Remitly and Xoom? Both products offer unique advantages, making it a tough decision.

Remitly is a Online Services solution with tags like remittance, international-money-transfer, mobile-money-transfer.

It boasts features such as Send money abroad to over 50 countries, Low fees compared to traditional wire transfers, Mobile app and web interface, Receive and send money in local currencies, Track money transfers in real-time, Scheduled and recurring transfers and pros including Easy to use interface, Fast money transfers, Good exchange rates, Low fees, Secure platform.

On the other hand, Xoom is a Online Services product tagged with remittance, international-money-transfer, paypal.

Its standout features include Send money abroad, Track transfers, Set up recurring transfers, Receive money, Mobile app, Available in many countries, and it shines with pros like Fast money transfers, Competitive exchange rates, Many payout options, Strong security measures, User-friendly interface, Good customer service.

Feature	Remitly	Xoom
Overall Score	N/A	N/A
Primary Category	Online Services	Online Services

Product Overview

Remitly

Description: Remitly is a financial services company that focuses on providing international money transfer services. Its online platform and mobile apps allow users to safely and easily send money abroad with transparent fees and exchange rates.

Xoom

Description: Xoom is a money transfer service owned by PayPal that allows users to securely and quickly send money abroad to recipients in over 130 countries. Xoom facilitates international money transfers through cash pickups, bank deposits, and home delivery.

Key Features Comparison

Remitly Features

• Send money abroad to over 50 countries
• Low fees compared to traditional wire transfers
• Mobile app and web interface
• Receive and send money in local currencies
• Track money transfers in real-time
• Scheduled and recurring transfers

Xoom Features

• Send money abroad
• Track transfers
• Set up recurring transfers
• Receive money
• Mobile app
• Available in many countries

Pros & Cons Analysis

Remitly

Pros

• Easy to use interface
• Fast money transfers
• Good exchange rates
• Low fees
• Secure platform

Cons

• Limited country availability
• ID verification can be strict
• Customer support lacks phone option
• Fee for receiving money

Xoom

Pros

• Fast money transfers
• Competitive exchange rates
• Many payout options
• Strong security measures
• User-friendly interface
• Good customer service

Cons

• High fees compared to competitors
• Account verification can take time
• Limited payment methods
• No option to cancel transfers

Pricing Comparison

Remitly

• Freemium

Xoom

• Subscription-Based