HI, I just want to know which the best preferable method to receive money in India? I am currently using Xoom and very comfortable with this but just want to know what others are thinking and using? Thanks,
I use western union in Pakistan... haven't heard about xoom. I am happy with western union but have heard that they are expensive ( their fees) but I am happy with the service
Western Union is very-very costly in compare to XOOM so better use xoom instead of western union IMO.
in terms of fees, xoom is much better than western union but on the service they are both the same and reliable
@glitto: Xoom is not functional in Pakistan I always prefer WU coz never faced any problem and never heard a transaction failure like I see about Xoom here.
Xoom if your sending money from Paypal WU if your sending money in terms of Travelers Cheque or wire transferring it.
Another way of recieving money for example is through Card-to-Card transfer between 2 VMI cards for example. If a relative want´s to send you money they can just do it with VMI, it´s only 3$ and VMI cards are available to almost all countries. Of course this is nothing to recieve payments from anyone as probably the other party won´t have a VMI, but it´s a good way to save money if you have to send money to relatives abroad on regular base. It´s instant, very cheap compared to services like WU and XOOM and you can cash out the money at almost any ATM worldwide.
Just to add information, XOOM was available to Pakistan in late 2005 / early 2006 .. and due to some unknown (well, known) reasons they stop functioning in Pakistan.
Just one question, I am from India, How do i receive money from Xoom. Do they do ICICI bank deposits Or make a standard cheque ?
Xoom is the best for transferring money to india,it takes very less service charge as compared to Western Union and make bank deposits to any bank that also within 10 days and in most of cased it takes 3-4 business days max and your money is completely safe with XOOM. $8service charge for sending money below $500 $14 service charge for sending money above $500 and below $1000 You can choose any of the option but deposit in ICICI bank is the best option.You will get your money in your account within 3-4 business days