Xoom was founded in 2001, which means it’s already been around for 20 years.
Xoom is one of many money transfer services. If you need to send money and you’re trying to decide between Xoom and others, the first question you want to ask is, is Xoom safe to use?
Sending and receiving money online can be risky if you don’t follow proper internet safety protocols and tips. As long as you know how to use it properly, Xoom is a safe, affordable, and efficient way to send money worldwide.
But don’t just take our word for it, read on to learn more about making a Xoom transfer safely below.
What Is Xoom?
Xoom is an international money transfer service. You can download the Xoom app on your computer, tablet, or smartphone. That makes it far more convenient than actually going to a money transfer location, which isn’t always possible depending on where you are in the world.
Xoom allows users to deposit money directly into a bank account, arrange for cash pickup or delivery, and even pay bills or top-up phone services from abroad. It’s available in more than 70 countries and Xoom doesn’t charge any fees for transferring from your PayPal or bank account.
Is Xoom Safe to Use?
Xoom is administered by another international money transfer service called PayPal. PayPal is regulated by state and federal government agencies in the US and has a trusted reputation.
Beyond that, cash pickups and delivery services are only arranged with major banks and retailers. This ensures the safety of recipients as well as compliance with the law.
Should the recipient not receive their transfer, Xoom also offers a money-back guarantee. You can access their customer service 24/7 for any problems you might have.
Finally, Xoom’s website and app use industry-leading 128 bit SSL. In other words, they’ve implemented advanced encryption technology to ensure that any personal data entered into the site or app is 100% protected.
How to Stay Safe on Xoom
While Xoom has done everything in its power to protect the privacy and money of users, there are things that users have to do to protect themselves while using this platform.
First, keep your password safe. Never share your password with anybody and try to memorize it instead of writing it down. You should also create a unique, hard-to-guess password and don’t duplicate passwords across sites.
You should never complete a xoom transfer to anybody you don’t know. Indeed, Xoom is intended to send money to family and friends, and not for commercial purposes.
Similarly, you should only fulfill requests from people you know personally. If you receive a request that you’re unsure about, confirm with the person directly.
More Helpful Guides
The answer to “is Xoom safe to use?” is yes. The developers of the app and website have done everything to protect your personal data, including encryption and partnering with trusted banks and retailers. However, users must take their own precautions in terms of who they send money to in order to be completely safe.
For more helpful guides you didn’t know you needed, have a look through our Guide section today.