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Xoom vs Western Union

Wednesday, August 4th

2021 Money Transfer Service Reviews

Xoom Review 4.5 Star Rating

Xoom

4.5 Star Rating
  • Can be used to send/receive money domestically: Yes
  • Can be used to send/receive money internationally: Can receive USD from some countries, can send money internationally
  • Recipient must also have an account/use the app: No
  • Money can be transferred directly to a bank account or debit card: Yes
  • Money can be picked up in person: Yes
  • Can pay in cash in person: Yes
  • Can be used to pay a business: No
  • Can be used to pay bills: Only in a few countries, not bills for services in the US
  • No-fee options: No

As a PayPal service, Xoom has a strong reputation and some solid guarantees that your money will arrive without problems. You've got options for transferring money both inside and outside of the US, and cash pickups are possible at easy-to-find Walmart locations as well as partners in the Ria network. Xoom charges fees on almost every type of money transfer, but those fees are lower than many of their rivals'. This is a solid option among money transfer services.

Western Union Review 3 Star Rating

Western Union

3 Star Rating
  • Can be used to send/receive money domestically: Yes
  • Can be used to send/receive money internationally: Yes
  • Recipient must also have an account/use the app: No
  • Money can be transferred directly to a bank account or debit card: Yes
  • Money can be picked up in person: Yes
  • Can pay in cash in person: Yes
  • Can be used to pay a business: No
  • Can be used to pay bills: Yes
  • No-fee options: Limited

Western Union might be the first name that comes to mind when you think about money transfers. With good reason: they've been around since the 1850s! While they still have plenty of the traditional, in-person cash transaction options available, Western Union now offers many ways to send money that can be done online and via mobile app. This service tends to have higher fees than most, and mixed customer reviews keep Western Union from earning a better ranking.

The 7 Best Money Transfer Services

Who Offers the Best Money Transfer Service?

Sending and receiving funds has never been easier, whether you're helping your abuela in Mexico to pay for some post-hurricane repairs or splitting a Starbucks tab with your friends. The service you choose will largely depend on the type of money transfer you need, how you want to fund it, and how quickly you need the funds to be available to your recipient.

One of the most convenient developments in transferring money is the fact that it can be done 100% online if you choose. In the past, people had to visit in-person locations in unfamiliar neighborhoods with cash in hand - and that rarely felt comfortable or safe! Now, you can send money from your bank account to your recipient's, from your credit card to their debit card, or any number of combinations - all from your home or even on the go through your smartphone.

Compare the Best Reviews

Continued from above...

But, if you need to use cash to fund your money transfer, or if your recipient needs to receive the funds in cash, don't worry. There are still plenty of options to do that as well. And, many money transfer platforms allow you to pay your bills, from car payments to trash collection, for a small fee.

How can you decide which money transfer service to choose? Actually, you may opt to use more than one, depending on where you're sending money and for what purpose (like paying bills vs. buying something online). Here are a few criteria to consider that can help you narrow down the options:

  • Types of transfers. Some platforms focus mostly on person-to-person transactions, like paying your friend for something she ordered and shared with you or your hairstylist after your latest cut. Others are more for sending money domestically and overseas, with heavy emphasis on cash transactions that can be picked up in person.
  • Fees. Depending on which service you use, you could transfer money for free or with significant charges. This is where having more than one option at your disposal comes in handy: use one platform for free transactions when you can, while using the fee-based services only when needed.
  • Reputation. What do other users say about their experiences with the money transfer service? Has the company gotten a favorable rating from the Better Business Bureau?
  • Guarantees. Does the platform guarantee that your funds will be transferred successfully? If you're using it to pay for goods and services, do you have any options for filing a dispute if something goes wrong?

TopConsumerReviews.com has reviewed and ranked the best money transfer services in the industry. We hope this information helps you choose the right platform for sending (and receiving) money easily and affordably!

The Best Reviews of Money Transfer Services