How do I use PayPal in Nigeria

PayPal launches Xoom: Send money to 132 countries - Denmark € 2.99; India 1.99 € - Turkey not possible

IT finance magazine / AJ16. July 2019Current, General, FinTech

Tranferwise & co will not like that: PayPal starts today with the money transfer service Xoom (website) in Germany and 31 other European countries. This means that it is now possible to send money from Germany to recipients in over 132 countries around the world - sometimes at surprisingly low costs.

Actually, it's nothing new what PayPal is doing with Xoom - it's just being sold new and fancier. So far you could z. For example, you can also use PayPal.me to make international transfers within seconds. Now the function is getting new packaging and new additional functions: With Xoom, amounts of up to 10,000 euros can be sent. A Xoom account can be set up for iOS or Android or on the Xoom website. PayPal customers can access the services of Xoom directly via their PayPal account - which also closes the circle to PayPal.me.

In addition to the debit and credit card options available through Xoom, PayPal customers can also use their bank accounts to transfer funds (this was previously possible through the PayPal account).

When it comes to how the amount of money arrives at the recipient, there are several options to choose from, depending on the recipient country: transfer money to a bank account, send cash for collection or send cash directly to the recipient's home.

New is: Money transfers can be tracked with Xoom via SMS or email notifications or directly via the mobile app and website. And: There will be a Xoom customer service that can answer in German as well as English, French, Spanish, Italian, Arabic and Filipino.

PayPal has agreements with banks and partners in the most important recipient countries. B. in India, Pakistan, Nigeria, Kenya, Poland and China as well as other countries in Europe, Asia, Africa as well as North and South America.

Surprising cost - usually low; Free of charge from 1000 €

PayPal is silent about the costs in the press release - for good reason: It's complicated. You will find what you are looking for on a Xoom subpage, which refers to the fee calculator, which indicates the amount of money transferred and the exchange rate, but the fees only become visible after another click. The cost structure behind it is hardly effective, because it does not seem to be linear. A € 9 to € 200 transfer from Germany to Spain costs € 1.49, and € 2.99 to Denmark. For that to India only astonishing € 1.99. From € 1,000 the transfer to Inden is even free. In addition, many transfers from 1000 € seem to be free of charge. Interesting: A transfer to Turkey, for example, is not possible.

To send money abroad using Xoom, customers can download the Xoom app for Android or iOS or set up an account at www.xoom.de. PayPal users can use their previous account and do not have to log in again


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11 replies to "PayPal launches Xoom: Send money to 132 countries - Denmark € 2.99; India € 1.99 - Turkey not possible"

  1. I would be very interested in why Turkey of all places is not there. The people of Turkish origin here in the country are the highest (still) foreign group that lives here. I have my roots in Turkey myself. I would like to take advantage of this service and support the family there from time to time. I think it is very sad.

    1. Turkey no longer has a democratic policy…. if you don't see it, you are just like hitler back then ...

      you shouldn't be surprised why investors stay away

  2. Dear Sirs and Madames,
    Is it also possible to send money to the Dominican Republic?
    And how does the person have to open the account?
    I would be happy if you give me a brief
    Could write a message.
    With best regards
    Uwe Schmieder

    1. think about why instead of allowing national ideas to arise. There is no longer a constitutional state .. therefore money laundering is also possible ... .. many investors would like to work with turkey, but nobody likes to be an indicator of power, whoever does not understand that is a picture of Hitler at the time ...

      1. Bla bla bla, Turkey is probably a democratic country. As much or less than we from Germany, France, Italy, Greece etc ......

  3. Turkey is a very democratic country that has existed for almost 98 years (since the founding of the republic by Mustafa Kemal Ataturk.) But erdogan leads an undemocratic leadership style, which does not mean that democracy no longer exists, it exists and will be Always give thanks to Mustafa Kemal Ataturk.

    No matter how many more Erdo come - mad as it may ...

    Turkey stands for tolerance and democratic values.

    Like the Ottomans, Erdowahns will eventually dissolve, and very soon.

  4. Like the others, I have used PayPal to this day. After these comments by ’neu102010’, PayPal can no longer be used and supported. You cannot bring and use the political things in this situation ... In my home country there is democracy, as 'MKA Torunu' and 'Varol' have said. If you want to see it, you can just see it ... you probably have no idea what Hitler was like ... read your own story ...