Xoom accept most prepaid cards, with some being declined due to some reasons involving insufficient funds, declined transactions, or cards not supported on the platform.
Xoom:
Xoom is an online platform that helps with services concerning money transactions within the US. It has a transfer reach of over 160 countries including Italy, Germany, the Philippines, the United Kingdom, Mexico, Canada, and Brazil. Xoom handles any type of financial transaction, from payments of goods and services to money transfers to any account, and these are executed quickly, easily, and affordably. You can also pay bills. It is a safe, and secure online platform that partners with other companies around the world to aid financial activities. Transactions can be done in Xoom using a Paypal account, a U.S. account, or a debit or credit card.
Reason why Cards may be declined on Xoom:
There are so many reasons that may cause Xoom to decline transactions, including:
Insufficient funds: be sure to check you have enough balance in your bank account when you want to use your debit card for a transaction, else the transaction will not be successful. If you’re using a credit card, you cannot do transactions beyond your credit limit.
Incorrect Information: you might want to review your information settings on your expiry date, CVV, card number, and billing address of your debit card.
Transaction declined by company or bank: sometimes, due to a faulty network, or some other issue, the payment or transaction might fail or be terminated from your company’s end or your bank. They do not send this information to Xoom to protect the privacy of their clients, so you would have to contact them for confirmation of the decline so you can begin the payment process again.
Working of Xoom Xoom, in collaboration with companies both in the US and around the world set up to make financial transactions secure, safe, fast, and affordable.
Xoom works with a transfer fee for each transaction, which depends on the country destination of your transactions, the amount you are transferring, the source of your funding, and lastly the currency exchange rate.
Amount which can be sent:
The minimal transfer on the platform is $10. $2,999 is the maximum amount you can transfer in 24 hours. In 30 days, you can transfer a maximum limit of $6,000, while a 180-day period has a maximum transfer limit of $9.999.
Transfers from Xoom are mostly received within minutes of successful transactions. When the transfer takes hours or days to be delivered, it could be due to the different financial agents involved. You can track your transfer activities via text or email, or you can follow up at the Track Transaction on Xoom’s platform.
Transfer fee on Xoom:
Having a Paypal account or a U.S. bank account attracts lesser charging fees.
Let us say you want to send $200 to a friend in Brazil, paying with a Paypal account, or a U.S. account, you would be charged a standard fee of $4.99, but paying with either a debit card or a credit card you would be charged a fee of $6.99, and an extra fee may be attached from your credit card company. Note that the transfer fee of a particular country remains the same if you’re using a Paypal or U.S. account, like India, or Brazil, regardless of the transfer amount you’d still be charged a standard fee of $4.99, but with a debit or credit card, from $201 upwards, your fee increases.
Xoom transfer transaction charge varies in different countries. While some might say the fee is expensive, others might say it is cheap. For example, while money transfers to Chad attract a charging fee of $2.99 on all account mediums, transfers to countries like Bahrain are charged $4.99 and $5.99 respectively, and transfers to the Czech Republic costs $4.99 and $6.99 respectively.
Working of Xoom Transfer:
Sign up for free or login with your Paypal account, if you have one.
Go to the My Account tab, and select the country you want to transfer to. Enter the amount. Select how you want the money to be paid (either by direct deposit, pick up, or location delivery). Choose your payment option ( Paypal, account, debit card, or credit card). Enter requested/personal information. Pay the Xoom charge attached to the country you’re sending the money to.
Conclusion.
Payments of bills and money transfers to other countries from the United States are made easy with Paypal’s Xoom. One of the fastest, safest, and secure ways to run your financial transactions to other countries from the U.S.
