# Xoom A PayPal Service

> Xoom, a PayPal service founded in 2001, helps consumers support family and friends abroad through money transfers, mobile phone reloads and bill payments. Its distinguishing feature is delivery choice: bank accounts, eligible debit cards, mobile wallets, cash pickup and, in selected markets, home delivery. Fees, exchange rates, speed and availability depend on the route.

- **Founded:** 2001
- **Headquarters:** San Francisco, United States
- **Founders:** Kevin Hartz (Co-founder; CEO, 2001-2005), Alan Braverman (Co-founder; initial CTO)
- **Products:** Send Money, Mobile Reload, Bill Pay, Cross-border Debit Card Deposit, PYUSD-funded transfers
- **Notable:** NASDAQ listing in February 2013., PayPal completed its acquisition on November 12, 2015., Historical 12-month transfer volume of approximately USD 7.1 billion to September 30, 2015.

## Products & services

- **Send Money** — International consumer transfers to supported accounts, wallets, pickup points and selected home-delivery destinations.
- **Mobile Reload** — Prepaid phone top-ups for supported overseas mobile carriers.
- **Bill Pay** — Pay supported bills abroad; availability depends on market and biller.
- **Cross-border Debit Card Deposit** — Visa Direct-enabled transfers to eligible Visa debit cards; launched in 25 markets.
- **PYUSD-funded transfers** — Eligible US customers can fund transfers using USD converted from PYUSD, with no Xoom transfer fee; currency-conversion spread may apply.
- **Weixin Pay transfers** — Tenpay Global partnership supports receiving into Weixin Pay Wallet Balance or linked bank accounts in China.

## Achievements

- NASDAQ listing in February 2013.
- PayPal completed its acquisition on November 12, 2015.
- Historical 12-month transfer volume of approximately USD 7.1 billion to September 30, 2015.
- In 2015, repeat users generated 97% of payment volume.

## Latest updates

- **2026-10** — Xoom’s blog published a comparison of Xoom, Wise and Remitly; company-authored material, not an independent ranking.
- **2025-04** — Launched cross-border remittances to Weixin Pay with Tenpay Global.
- **2024-11** — Announced forthcoming PYUSD settlement integrations with Cebuana Lhuillier and Yellow Card.
- **2024-04** — Introduced eligible PYUSD-funded transfers without a Xoom transaction fee.

## Links

- Website: https://www.xoom.com/
- LinkedIn: https://www.linkedin.com/company/xoom-money-transfer
- Twitter/X: https://x.com/xoom
- YouTube: https://www.youtube.com/user/XoomMoneyTransfers

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Profile page: https://yespress.io/xoom-a-paypal-service
Published by YesPress — https://yespress.io
Last updated: 2026-10-25