Has anyone used Xoom? (New Paypal service)

[kellyponyfeathers]

It looks like Paypal has a new service salled Xoom. Has anyone used it? It looks like it provides a way to send bank transfers from America. If so, that would be great, because a lot of sellers in Europe don't want to accept Paypal. Usually I have to ask other members here for help with bank transfers.

Is there a fee? Well, I'm sure there must be a fee; they need some way to make money. But does anyone know how it works? It looks like the needed info is bank name, IBAN code, BAC code, and recipient's name, address, and phone number.

It would be great if this is a way to buy things from European sellers who don't want to accept Paypal! Hopefully the fee isn't too bad; Western Union charges $50 per transaction!

[nhal039]

I am use transferwise when doing international transfers. The fees are less than PayPals. It would be very hard to get your money back however should you be scammed. It's been a year or so since I have used the bank service but I have sent money all over the world with no problem at all. The sender pays the small fee and the seller doesn't get fees at all