Archive for June, 2010

PostHeaderIcon Using Xoom for Payment / Sending Money

Xoom is an online international money transfer service.

One can send their recipients money using their credit card, debit card or bank account and the recipients doesn’t need to have a bank account or internet access to receive their funds.

In the Philippines, Xoom has partnered with BDO, Metrobank, PNB, BPI, Cebuana Lhuillier, SM, Globe Gcash, MLhuillier so withdrawal is fairly easy.

You have three (3) options to CLAIM YOUR MONEY FROM XOOM:

Cash Pickup 5,277 Branches
Pick up money in just minutes at M. Lhuillier locations, including many that are open 24×7, SM Malls, Cebuana LhuillierBanco de Oro (BDO), many rural banks and Globe GCASH REMIT including Globe Telecom centers, Villarica and Tambunting Pawnshops.
Bank Deposit View Banks
Fast deposits to any bank account in the Philippines. Deposits in minutes to Philippine National Bank (PNB)and Banco de Oro (BDO). and deposits in just a few hours to Metrobank, and Bank of the Philippine Islands (BPI).
Door-to-Door Delivery
Rush delivery in 6 hours or less to Metro Manila at no extra cost! Fast delivery within 1 to 2 days to most other provinces.

So how much does it cost one to SEND MONEY?

It costs $4.99 if you will be sending $50 – $2,999 to the Philippines.

How about to RECEIVE MONEY?

Actually NONE but most employers are not willing to shoulder the said $4.99 so what they usually do is deduct this amount from your total payment.

PROS:

  1. Get your money in minutes
  2. Convenient
  3. Option to get money in peso or dollar

CONS:

  1. Expensive
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