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Introducing Xoom’s new features for sending higher value transactions abroad

By Julian King, Vice President and General Manager of Xoom

As anyone who’s tried to send higher dollar amounts overseas would know, the process can be extremely slow and inconvenient. It can take several days for your hard-earned cash to be cleared, and if you want to send the money faster, you often have to pay higher exchange rates. In addition, the identification process can be cumbersome and time-consuming. In today’s mobile and digital age, we can make it easier, faster and more convenient for people to send higher amounts of money overseas to their loved ones.

That’s why starting today, Xoom, PayPal’s digital money transfer service, is announcing several updates aimed at making it much more swift to send large sums of money abroad:

  • First, we are increasing the sending limits for international money transfers for certain countries, including India, United Kingdom, Canada, and Australia, allowing Xoom customers to send amounts of up to $10,000 USD for bank deposits, and we’ll continue to expand this service over the next few months.
  • Second, we know how much every cent of currency matters when you’re sending money abroad. That’s why we’re starting to offer even better exchange rates when sending high amounts, which means more of your hard earned money is sent to your loved ones.
  • Finally, we are making our user verification process quicker and more seamless starting with real-time social security verification.

Whether it’s money sent to make a payment on your student loans, a mortgage, or pay off an emergency medical expense, Xoom can often deliver your funds many times faster than competitors to some countries, such as India and the UK, thanks to our proprietary risk management system.

We strongly believe in leveraging technology to build digital solutions that help make the movement and management of money easier and more affordable for people. As we shared earlier this year, we recently published a research paper that found sending money overseas through a digital service like Xoom/PayPal costs nearly half (3.93%) of the amount sent compared to the average cost of traditional remittances services (7.45%). Check out this video to learn more about Xoom and how digital technology have helped lower remittance costs by nearly one-half.

We look forward to introducing easier, faster and more convenient ways to send money. Stay tuned for more updates.


Casa Blanca confirma mas de 53.000 casos aprobados bajo programa DACA

Desde que el presidente Barack Obama hizo el anuncio el pasado verano que a ciertos trabajadores indocumentados se les permitiría permanecer en el país y que no debían temer ser deportados, muchas personas aprovecharon para enviar dinero a sus familias. Un informe reciente demuestra lo popular que el Programa de Acción Diferida para los llegados en la Infancia -conocido como DACA por su abreviación en Ingles-, ha sido entre los inmigrantes.

Según los últimos datos publicados por la Casa Blanca, a cerca de 53.300 jóvenes indocumentados se les ha concedido asilo en virtud de la DACA. Y eso es sólo el número de personas que han sido aprobados. Desde el 15 de noviembre más de 300.000 solicitudes han sido procesadas por el Servicio de Ciudadanía e Inmigración de los EE.UU. Lo que según muchos, más demora el proceso se refiere a la verificación de antecedentes, ya que esto puede tomar un tiempo.

El informe también mostró que los principales países de donde se originaron las personas que han solicitado acción diferida son: México que fue de lejos, el principal país del que la gente deriva y que solicita asilo, con más de 212.500 solicitudes. Otros países líderes fueron El Salvador en un distante segundo lugar con 13.769 solicitudes recibidas, luego Honduras con 8.577, Guatemala con 7630 y Perú con un poco más de 5.000.

Algo más que el informe detalló se refería a la información sobre donde estos inmigrantes principalmente han vivido en los EE.UU. Los números reflejan en gran medida los datos que otros han demostrado, y es que California es el hogar de adopción para la mayoría de gente que vino de otro país originalmente. La Casa Blanca dice que cerca de 82.000 solicitudes han llegado desde el Estado Dorado, seguido por Texas, Nueva York, Florida e Illinois.

Tal vez la parte más alentadora de la información divulgada es que sólo un número relativamente pequeño de solicitudes han sido denegadas. Por ejemplo, mientras que casi 300.000 han sido aceptados, sólo 10.000 fueron rechazadas. Esto sugiere que quienes deseen aplicar, no se preocupen de que vayan a ser rechazado, ya que puede enviar su solicitud en cualquier caso.

Son varios los criterios que la gente tiene que cumplir para poder ser elegible para el programa de acción diferida. Como se ha señalado por el USCIS, los solicitantes deberán tener en cuenta si eran menores de 31 años de edad a la fecha del 15 de junio, si llegó a los EE.UU. antes de cumplir los 16 años, si ha residido en los EE.UU. de forma continua durante al menos cinco años y si se ha graduado ya sea de la escuela o de la Escuela Militar.

Hay algunos otros puntos de referencia que deben ser cumplidos, pero pueden ser revisados en el sitio web de USCIS.


About Xoom Coupons

Many online sites may claim to have Xoom coupons, but the truth is Xoom never publishes coupon codes on third party websites or coupon sites.

The Xoom experience is all about providing you with the easiest, most secure and time-saving way to send money home to friends and family in the Philippines, India, Latin America, Europe, Canada, South Africa and Australia.

There are many reasons Xoom does not offer coupon codes. We provide a time-saving online money transfer service with near-instant cash pickup, bank deposits in minutes or hours to many countries, our Xoom Money Back Guarantee, and Customer Service 24 hours a day, 7 days a week, 365 days a year, where you’ll be greeted by a friendly customer team team member who speaks either English or Spanish.

Keep in mind some sites may offer you “Xoom Coupons” but this is not the case. There are some commonly used terms to look out for:

“Xoom Coupons”
“ Coupons”
“Xoom Coupon Codes”
“ Coupon Codes”

Compare the Xoom money transfer experience to the competition. Our service is an easy, secure, and convenient way to send money to a location near your family’s home or directly to your family’s bank account–all from the privacy of your home or work computer or mobile device.

Plus, Xoom always offers competitive, locked-in exchange rates, no bank landing fees, an easy, four-step send money experience in English, Spanish, and Portuguese, and of course, our TrustE-compliant website and TrustE-certified Privacy Policy.

Each of these benefits ensures a level of service that we feel supersedes the value of a coupon. All of our policies are available for you to read in the Xoom Help Center.  Although you won’t find Xoom coupon codes here, you will find many reasons to send money with Xoom. We are dedicated to serving you and providing you with the best way to send money home to friends and family!

To get started, just follow these four easy steps:

  1. Sign up or log in to your Xoom account.
  2. Select the country and amount you’d like to send and how you would your recipient to receive the money.
  3. Enter your recipient’s information.
  4. Enter your payment information and authorize.

Diwali: A day of celebration

Today marks Diwali, the "festival of lights" in the Hindu tradition. This holiday has come to take on varied meanings around the world, with significant differences in custom depending on the region of India in which the holiday is being celebrated.

However, one common theme runs strongly throughout the holiday: family. Families who celebrate this holiday often gather and partake in sweets and other delicious treats. Lighting fireworks is another common practice to celebrate Diwali. And of course, the "festival of lights" is ultimately based around the ceremonial lighting of oil lamps. Even families who are separated across the world often send money to each other in order to help with the celebrations and use on gifts.

Diwali has come to signify many other virtues and occasions as well. It marks the beginning of the new year on the Hindu calendar, and is typically seen as the end of harvest season for agricultural workers. Many also assign religious meaning to the holiday, often involving the events surrounding the many gods in the Hindu pantheon. Depending on the region and sect of Hinduism, the story as to what exactly the day represents can vary. The most common meaning is that it marks the return of Rama, one of the avatars of Vishnu, to the kingdom of Ayodhya after his exile.


Australian wunderkind Cummins could make debut against South Africa

At just eighteen years old, Australia's Pat Cummins already looks destined for greatness. The young player can bowl 150 km/hour and has already been dominating in Australian domestic leagues. In fact, his performance thus far has spurred talk that he could be named to Australia's main test team for their upcoming fixture with South Africa.

Cummins has already set several records, such as the youngest player to be awarded a Cricket Australia contract. If selected, he would be the youngest player since the legendary Ian Craig played for Australia in 1953, at just seventeen.

Australian cricketers have been weighing in on whether or not they think Cummins should play. Nobody denies his talent, but the question comes down to injury risks. Test cricket can be grueling, and Cummins has had back problems already in his career.

"I think you've got to use a guy like that when you can,'' cricketer Mitchell Johnson told the Sydney Morning Herald. ''He can bowl up to 150km/h; you've got to make the most of it, I think. I went through back fractures, stress fractures at that age. I'm not saying he's going to go through that, he might not get injuries…. It's possible he'd get through it and if he does then good on him and it's good for us, good for our future in Australian cricket."

Fans can see if Cummins makes his debut against South Africa when they send their first Xoom transfer to any bank in India, the U.K., South Africa, Australia or Canada. Qualifying transactions will receive a free online subscription to Willow TV for the next two months, where supporters can watch Australia versus South Africa and many other great cricket contests. 


Pacquiao training at torrid pace

Most boxers train hard for every fight – or at least tell the media that they do. But Manny Pacquiao is ramping things up to another level in his preparation for his third bout with Juan Manuel Marquez on November 12th.

The Filipino phenomenon has been hard at work training under veteran trainer Freddie Roach, to the point that he's going through sparring partners like tissue paper. Jorge Linzres, who had been training with Pacquiao for about three weeks, pulled out of sparring in order to focus on his fight for the World Boxing Council's lightweight title. Pacquiao's regular sparring partner, Ray Beltran, probably didn't want to be the sole punching bag for the fiery Pacquiao, so the camp brought in Zambian Olympian boxer Hastings Bwalya.

Bwalya is known to be a bit brash and boisterous, and he wasn't intimidated by Pacquiao's legendary pedigree. The Zambian boxer talked a good game before the sparring began, but he didn't have too much to say after two rounds – Pacquiao left him with a bloody nose and jaw. Beltran came back in for another four rounds, before Bwalya came in for two more.

Why is Pacquiao so motivated? It wasn't just Bwalya's trash talk. This fight is personal for Pacquiao after Marquez claimed that the judges "robbed" him of a victory the last time they met. This time, Pacquiao doesn't want the fight to end up in the hands of the judges – he's training for the knockout, according to the Los Angeles Times.

"He wants to be as big as he was against Miguel Cotto," conditioning coach Alex Ariza told the news source. Cotto was the last fighter that Pacquiao knocked out. "But Cotto was the equivalent of a linebacker, and Marquez is a free safety. I think he just wants to kill Marquez."

In fact, the Filipino fighter seems so focused that his coaches have had to slow him down.

"We're way ahead of where we usually are, like 75 to 80 percent of where we should be by fight night," Roach told the news source. "We're usually around 50 percent right now. I have to make sure we don't overdo it."

Boxing fans can see it all go down when they use Xoom to send their first money transfer to the Philippines, Latin America or the Caribbean. Qualifying transactions will get to see the fight free live on pay-per-view on November 12th. Those who complete their transactions before October 25th will be entered to win tickets to see the fight live in Las Vegas.


Hundred-year-old man completes marathon

Every now and then, a story comes along that defies all reason. The case of Britain's Fauja Singh is definitely one of them, as he recently set the record for oldest person to run a marathon at the ripe old age of 100.

The centenarian athlete crossed the finish line at the Toronto Marathon eight hours, 25 minutes and 16 seconds after he started, coming in 3,850th overall. He wasn't dead last in the race, finishing ahead of five other competitors. Singh, who is of Indian descent, is now the world record holder for the oldest person to complete a marathon.

Many see his story as inspirational, because almost all logic and common wisdom says he shouldn't have been able to do it. According to the BBC, running in a marathon can actually put as much stress on your body as a heart attack. In addition, oxygen circulation and muscle strength – two key components of running – sharply decrease as you age.

Singh says that a diet of ginger curry and never smoking or drinking alcohol allowed him to achieve his goal. He also says that staying positive as he trained for the event was a major key in his success.

The runner was undoubtedly encouraged by his friends and family as he pursued his dream. One way to show support for loved ones back home is by using online money transfer services to send funds quickly and easily.


Australia captain Clarke denies match-fixing

Australian test and one-day captain Michael Clarke has hit back at accusations that Australian players were involved in a match-fixing scandal, which were made during a corruption trial for two former players.

Pakistani ex-captain Salman Butt and fast bowler Mohammad Asif are on trial for corruption facing match-fixing accusations of their own. During the trial, testimony was given by sports agent Mazhar Majeed, who is also facing accusations of his own. Majeed claimed that Australian players were the "the biggest" culprits when it came to the dishonest play.

But Clarke denied the accusations completely in comments made to the Cricket Australia website.

"The players I have played with, I'm 100 percent confident they would never be involved in that," he added on the Cricket Australia website. "It is not the Australian way. Never in my time have I experienced a conversation with anybody about any such things."

Clarke admitted that players had been approached by those hoping to fix matches. However, he said that it has never taken place and that any incidents were always reported to Cricket Australia and the ICC.

Australia will next face South Africa in three one-day internationals and two tests throughout October and November. You can catch these matches, and all the latest cricket matches, on Willow TV, which is free for two months when you send your first Xoom transfer to any bank in India, the U.K., South Africa, Australia or Canada.