Sending Money: Xoom Alternative

USAF GI

New member
Oct 29, 2010
27
0
0
Todays Xoom Exchange Rate: 37.7233
I like service because of home delivery but it wasnt for that not worth the lose on exchange rate. I have been useing them for over close to 2 years. Good service...
 

cobraboy

Pro-Bono Demolition Hobbyist
Jul 24, 2004
40,966
921
113
Paypal in the DR can be only cashed out to the U.S. bank account, or via U.S. mail check. Because we do not get mail in the DR (and even in lucky situations it may take 2-3 months to arrive), the only real use of PayPal with DR address is to MAKE payments. Some Asian countries have credit-card Paypal payouts deposited on VISA card. Not so here. Also, to receive payments even on personal Paypal D.R.-based-accounts you are hit with 5.4% charge. For those who HAVE option to make Paypal payout to a U.S. bank account it's much easier to set up a U.S.-based Paypal, with 2.5% fee instead of 5.4% fee.
I have a DR based PayPal account connected to a US bank account and US EPS shipping address.

As we discussed before, many vendors won't accept a PayPal payment from the DR.
 

vmhatup

New member
Aug 18, 2009
650
6
0
If you'se using xoom to send money to a USD$ account in DR, then it's good. If you send it to a pesos account, the exchange rate is low and they charge more. I use my credit card because I don't trust them with my bank account. Western Union is the same thing. On the other hand, a transaction with xoom is completed within a day.

I ended up opening up two savings account in the same bank, with both having an atm card. I just transfer the money to her account and she retrieves it using her atm card. It's been the easiest way so far.
 

Jenny429

New member
Oct 10, 2005
312
0
0
I use paypal most of the time but I have a debit card in which I withdraw my money from. I live 1 hour from the closest ATM, so Xoom has been amazing to me.. I will send myself money and it's delivered to my door. Waiting around for it sucks, but I realize it won't come before 11am, or before 3pm if it's in the afternoon.. I LOVE their service!