XOOM transfer from US to india

Discussion in 'Payment Processing' started by thya, Jun 7, 2010.

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  1. #1
    Dear DPs,
    My client from USA wants to send money to india (to my Axis Account). Please let me know whether this procedure is working or not. He has created Xoom account also.

    expecting your kind reply. Anybody has recent exp with xoom.? .
    Note: He can't transfer thru paypal.

    Sorry for my bad english.
    Thanks,
    Thya
     
    thya, Jun 7, 2010 IP
  2. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #2
    Xoom not allowed transfer of money through paypal to india.

    DON.
     
    deluxdon, Jun 7, 2010 IP
  3. RightMan

    RightMan Notable Member

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    #3
    If he is trying to send Paypal funds to you... then I am sorry he will not be able to do so, but if he is using any other source like his own bank account or credit card, he will surely be able to send you funds through xoom directly into your bank account! :)

    Regards,

    RightMan
     
    RightMan, Jun 7, 2010 IP
  4. thya

    thya Peon

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    #4
    Thanks for your Reply RightMan & deluxdon . He will use his bank account to tranmsfer the funds.
     
    thya, Jun 7, 2010 IP
  5. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #5
    Then its possible. Moreover that you'll get good exchange rate (46+) as of now at xoom. BTW you can try out WU for that as well.

    DON.
     
    deluxdon, Jun 7, 2010 IP
  6. OldEgold

    OldEgold Peon

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    #6
    if ur client pay by Visa card to xoom then it will work .coz paypal has changed policy for indian cust
     
    OldEgold, Jun 8, 2010 IP
  7. RightMan

    RightMan Notable Member

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    #7
    If the amount is huge, you can advise your client to even consider bank wire transfer as he will be able to save on fees as well... along with you getting good conversion rate! :)

    Regards,

    RightMan
     
    RightMan, Jun 8, 2010 IP
  8. JoomlaDesigner

    JoomlaDesigner Active Member

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    #8
    Yes as said by RightMan in above post, I will also prefer to use wire transfer if amount is bigger than $2500 b'coz Xoom has certain limits. But he/she can go for Xoom as it is one of the best way to send money to India nowadays...
     
    JoomlaDesigner, Jun 8, 2010 IP
  9. SkyisLimit

    SkyisLimit Well-Known Member

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    #9
    There are several ways to transfer funds from usa to india.
    if one is not intrested using payment system like paypal etc..
    XOOm is wonderful if ACH attached.. and only 10hrs time, and u can receive directly into your Axis account. All private banks offer good exchange rates.. even better than the SBI.
    then the best way is wire. But not for the smaller transfers. its good for above 1k$.
    if you want to receive a regular payment monthly..or frequently.. then u need to think... to cashout instantly using an ATM debit card. wire usually takes 4days excluding holidays and weekends.

    Ikobo and ATM cash are the systems with the feasibility to cash out form a local ATM (one time investment for ATM card) but instant withdrawals.
    no need to answers the tax guys. if u want to be anon, then.. its best way.

    Only try to cash out from an Axis or Icici atm.. do not use.. even SBI atm. loss of exchange.


    xx

    :)

    SL//
     
    SkyisLimit, Jun 9, 2010 IP
  10. kidanaoks

    kidanaoks Member

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    #10
    xoom is really good but your sender should from u.s and must use credit card / debit card / u.s bank account
     
    kidanaoks, Jul 8, 2010 IP