Xoom ends money remittance via Paypal
In a recent announcement made last week, Xoom has finally ceased accepting Paypal-funded transactions to the Philippines.
This was made in effect last March 25, 2010. Xoom did not clarify why it has stopped supporting Paypal as source of funds for transfer.
It has, however, indicated that Xoom money transfers are still supported using a United States bank account, debit card or credit card.
Before Paypal officially supported bank withdrawals in the Philippines, Xoom was the easiest and most effective way of getting funds from Paypal accounts.
Update: According to the comments left below by Xoom CSR and the discussion in the Xoom blog, remittances to the Philippines will only be accepted by Xoom using a US-based payment source. This special treatment for Philippine transactions could be an indication that we’re categorized under “high-risk” for fraud. No big surprise there.