How to Transfer Money from PayPal to Xoom: A Comprehensive Guide

Note from the author: This article was accurate as of June 2020. Please refer to the official PayPal and Xoom websites for the most up-to-date information.

Transferring money from PayPal to Xoom can be a convenient and straightforward process, provided you follow the correct steps. However, it's important to note that certain restrictions may apply. In this guide, we will walk you through the process and highlight any potential challenges you might encounter.

Understanding the PayPal-Xoom Integration

As of June 2020, PayPal has integrated Xoom into its platform. This means that users with a PayPal account now have the option to send money to Xoom, a service offered by PayPal. The process involves several steps and different options based on the recipient's location and preferred method of receiving the funds.

Step-by-Step Guide to Transferring Money from PayPal to Xoom

Step 1: Log in to Your PayPal Account
First, log in to your PayPal account. If you haven't registered yet, you can do so by visiting the PayPal website.

Step 2: Navigate to the Send or Request Page
Once logged in, click on 'Send' or 'Request' at the top of the page. You will be able to select either 'Send' to a bank account or 'Send cash' for pick up.

Step 3: Initiate the Xoom Transfer
After selecting 'Send cash' or 'Send', you will be directed to the Xoom website. Here, you can sign up for a free Xoom account if you haven't already, or log in to an existing one.

Potential Challenges and Limitations

As of November 21, 2015, there is a restriction that prevents users from sending money from PayPal to Xoom directly. This means that you cannot use your PayPal balance to pay for a Xoom transaction. Instead, you will need to use your linked bank account, credit card, or debit card to complete the payment.

Alternative Methods of Transfer

Despite the limitations, there are still ways to achieve your goal. If you have a PayPal account:

Cash Pickup: One option is to send the money to a cash pickup location. Once the funds are sent, they can be picked up in cash from a nearby Xoom location. Bank Account Deposit: US Recipient: If the recipient is in the US, you can send the money to their bank account using their banking information. International Recipient: If the recipient is outside the US, you can send the money to a local account, which can then be transferred to their international account. Qualified Debit Card: If the recipient has a payroll card or other qualified debit card, you can use their card to transfer money directly into their bank account.

These methods offer alternative ways to send money to someone with a Xoom account or an account that can receive Xoom transfers.

Conclusion

While direct transfers from PayPal to Xoom may not be possible, there are still effective ways to send money to someone who accepts Xoom transactions. It's crucial to review the official PayPal and Xoom websites for any changes or updates to their services.

Frequently Asked Questions (FAQs)

Q: Can I use my PayPal balance to pay for a Xoom transaction?
A: No, you cannot use your PayPal balance to pay for a Xoom transaction. However, you can use your linked bank account, credit card, or debit card.

Q: Can I send money to a PayPal account using Xoom?
A: Yes, you can send money to a PayPal account outside of your own using Xoom if the recipient has a PayPal account and the money is sent to their bank account or a qualified debit card.

Q: What is the fee for using Xoom to send money?
A: The fee for using Xoom to send money varies depending on the method chosen and the recipient's location. For more specific fees, refer to the official Xoom website.

By following the steps outlined in this guide, you can successfully send money from PayPal to Xoom or find alternative ways to achieve your goal.