Xoom vs. MoneyGram: Which Is the More Affordable Option for International Money Transfers?

When it comes to sending money overseas, choosing an affordable and reliable international money transfer service is crucial. Two of the most popular options are Xoom and MoneyGram. This article delves into a comprehensive comparison of Xoom and MoneyGram, evaluating their fees, exchange rates, transfer speeds, security measures, additional features, and overall affordability.

Xoom Vs. MoneyGram: Which Is The More Affordable Option For International Money Transfers?

I. Comparison Of Fees And Exchange Rates:

Fees and exchange rates are significant factors that impact the overall cost of an international money transfer. The following table compares the fees and exchange rates offered by Xoom and MoneyGram:

Xoom MoneyGram
Transfer Fees Varies based on amount, destination, and payment method Varies based on amount, destination, and payment method
Exchange Rates Competitive rates with a small margin Competitive rates with a small margin

Both Xoom and MoneyGram offer competitive fees and exchange rates. However, the exact fees and rates can vary depending on the specific factors mentioned above. It's essential to compare the fees and rates for your specific transfer needs before making a decision.

II. Transfer Speed And Convenience:

Transfer speed and convenience are other important considerations when choosing an international money transfer service.

Transfer Speed:

  • Xoom: Xoom offers fast transfer speeds, with most transfers being completed within minutes or a few hours.
  • MoneyGram: MoneyGram also offers fast transfer speeds, with many transfers being completed within minutes or a few hours.


  • Xoom: Xoom provides a user-friendly online platform and mobile app for convenient money transfers.
  • MoneyGram: MoneyGram offers a wide network of agent locations, allowing for cash transfers and bill payments.

Both Xoom and MoneyGram offer convenient money transfer options, whether online, through their mobile apps, or at agent locations.

III. Security And Reliability:

Security and reliability are paramount when transferring money internationally.


  • Xoom: Xoom employs robust security measures, including encryption and fraud protection, to ensure the safety of transactions.
  • MoneyGram: MoneyGram also utilizes advanced security measures, such as encryption and fraud monitoring, to protect customer transactions.


  • Xoom: Xoom has a solid track record of reliability, with millions of successful money transfers completed.
  • MoneyGram: MoneyGram is a well-established company with a long history of providing reliable money transfer services.

Both Xoom and MoneyGram are reliable and secure international money transfer services.

IV. Additional Features And Services:

In addition to basic money transfer services, Xoom and MoneyGram offer various additional features and services:


  • Currency Conversion: Xoom allows users to convert currencies at competitive rates.
  • Bill Payments: Xoom enables users to pay bills in over 130 countries.
  • Loyalty Program: Xoom offers a loyalty program that rewards frequent users with discounts and other benefits.


  • Money Orders: MoneyGram provides money orders for those who prefer cash transactions.
  • Travel Services: MoneyGram offers travel-related services, such as prepaid debit cards and travel insurance.
  • Business Services: MoneyGram provides specialized services for businesses, including bulk payments and currency risk management.

These additional features and services can enhance the overall money transfer experience and cater to specific needs.

V. Conclusion:

Both Xoom and MoneyGram are reputable international money transfer services with competitive fees, fast transfer speeds, robust security measures, and a range of additional features. The choice between the two depends on individual preferences, transfer needs, and specific factors such as the amount being transferred, the destination country, and the payment method used. By carefully comparing the fees, exchange rates, transfer speeds, security measures, and additional features offered by Xoom and MoneyGram, users can make an informed decision and choose the service that best suits their requirements.

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