How to xoom work ? Internal

Discussion in 'Payment Processing' started by scriptmachine, Nov 3, 2007.

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  1. #1
    I can't believe how to xoom provide that small fee for sending money to Any country. this is the problem is If we send money through PayPal $100 They costed 4.20 but xoom give us the money transfer cost is value price is $4.99 :confused::confused:
     
    scriptmachine, Nov 3, 2007 IP
  2. eddy2099

    eddy2099 Peon

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    #2
    I believe they earn through the exchange rate which they tag on an additional percentage for their fees. So a little here and a little there, it can add up to quite something.
     
    eddy2099, Nov 3, 2007 IP
  3. izeaus

    izeaus Banned

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    #3
    Just look at the exchange rates . When I transferred $600 I had to pay Xoom $14.99 but thankfully due to coupon it was reduced to half . and they gave me the exchange price 1$= 38.20 INR while the exchange rate was somewhere $1=39.35 INR so this is the way they make money
     
    izeaus, Nov 4, 2007 IP