It’s also important to note that funding your transfer with a credit card will usually mean you pay your own card’s cash advance fee, with interest applied immediately and without a grace period - that can work out to be a significant expense on top of the Xoom transfer fees. There’s simply more labor required when you use a Xoom agent. You may find that having your transfer collected in cash is more expensive compared to sending the money right to a bank account. The exact costs involved in sending a payment with Xoom will depend on how you fund the transfer and how you want it to be collected or received by your recipient. Check the fees and exchange rate available, and follow the onscreen prompts to continue if you’re happy.Click the option Show Xoom fees for this transaction to see the amount you’ll pay based on different methods of funding the transfer.You’ll be shown how much your recipient will get in the local currency.Log into Xoom and enter the destination country and amount you want to send.To find the Xoom fees that apply to your payment: Don’t forget there will also be a charge rolled into the exchange rate used - more on that in a moment. When you model your Xoom international transfer online or in the Xoom app, you’ll see the different options and fees that will apply to your payment. Best bank to transfer money internationally.Best foreign currency accounts in the USA.Complete international wire transfer guide.Sending this amount to Australia would have either no fee when paying by bank transfer, or a fee of $601.49 if paying by card – which really emphasises how important it is to consider your payment method! This transfer would take approximately 2 working days at an exchange rate margin of 1 USD = 1.3910 AUD when writing, and may need further proof of identity provided before you can initiate the transfer. Again, cash pickup fees are slightly lower – $4.99 for paying via a bank account, and $20.49 when paying by card. Sending $1,000 to Australia with Xoom would have an exchange rate markup of 1 USD = 1.3882 AUD at the time of writing, and incur no fees for a bank transfer, or a fee of $30.49 when paying with credit or debit card. ![]() The transfer time could be minutes with a cash pickup, or up to 2 working days with a bank transfer. The fees would be between $4.99 and $6.49 depending on what payment method you select (credit/debit card being more expensive – although slightly cheaper for a cash pickup vs bank transfer). While Ria Money Transfer is certainly a reputable transfer provider, the only real selling point that may make them a more appealing option between the two is its thousands of agent locations across the globe, which those who would prefer to avoid digital transfers may prefer.Īt the time of writing, sending $200 to Australia would be transferred with Xoom at an exchange rate margin of 1 USD = 1.3590 AUD. On top of that, Xoom has glowing reviews for its ease of use and convenience. The two money transfer operators share similarities, but where Xoom stands apart is its digital-led focus enabling the company to offer more competitive exchange rates, lower fees, and speedy transfer times. Overall, Xoom comes up on top in this Ria vs Xoom comparison. Both are popular options with migrants who support their family when working abroad. Xoom is a digital money transfer service that allows users to securely make transfers across borders, supporting transfers to over 70 countries across the globe.Īs well as international money transfers, Xoom also provides the option to pay bills internationally and to reload mobile airtime. Xoom, by comparison, is a relative new-comer to the scene – it was founded in 2001 by Alan Braverman and Kevin Hartz in San Francisco, and was acquired by PayPal in 2015. Ria Money Transfer offer bill payment, mobile top-ups, prepaid debit cards, check cashing, and money orders as well as international transfers, and are popular for having both a strong online presence as well as a wide-reaching number of bricks-and-mortar agent locations to make transfers more accessible. Now, it supports international transfers to over 160 countries with over 435,000 agent locations across the globe. In 2012, Ria official went online and continued to grow rapidly. in 2007, but was first founded in 1987 with the mission of helping people send money to their family back home. ![]() Ria Money Transfer became a subsidiary of Euronet Worldwide, Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |