While
there may not be much of a difference in savings
between $5.75 and $4, this can turn into a big difference
if you are transferring larger amounts of money.
For example if you wanted to send $200 from the
United States to Argentina via Xoom, you would pay
a standard fee of $10.50. If you made the same transfer
with Ikobo, you would pay $11. While this is only
50 cents more, if you got the value fee with Xoom,
you would save $4.25. While there isn't a large
difference between the fees, Xoom has the clear
advantage, especially if you get the value fee.
One clear advantage that Ikobo has over Xoom is
availability. It is available for a larger number
of countries. Xoom is exceptionally limited. It
only offers support for 26 countries, while Ikobo
supports over 77 countries. As you can see, Ikobo
clearly has Xoom beat when it comes to the number
of countries it services. The payment service you
will want to choose is dependent on a number of
factors. If you live in a country that is supported
by Xoom, and you are looking to save money on fees,
you will probably want to choose Xoom. It is the
best option for someone who is living in the Phillipines.
If you are living in a country that is not supported
by Xoom, you will have no choice but to use Ikobo.
While their fees may be slightly higher, at least
you are able to make transfers. It should also be
noted that Xoom is closely affiliated with Paypal,
and it is a great tool for Paypal users, especially
when they need to send money from their Paypal account
to someone who cannot open a Paypal account in their
country.
What ever your looking for from to send money, money
transfer from providers like xoom, western union
a wire money transfer is the way to go to wiring
money transfers online vs. money orders, or remittance.
