Withdraw PayPal via Xoom from same country — allowed or not?

One of our members, Joanna (ani*****@gmail.com), wrote to tell us about Xoom.com’s confusing policy on intra-country transfer of PayPal funds.

Joanna wants to convert her PayPal funds to cash via Xoom. She contacted Xoom to inquire whether it is indeed possible to make an intra-country transfer, that is transfer funds from a PayPal Philippines account to an account holder in the Philippines.

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Xoom to BPI money transfer now only takes hours

Money transfer Xoom.com recently announced that they partnered with one of the Philippines’ largest banking institutions to deliver fund transfers in just a few hours, as opposed to days which is the usual case.

In an email to all users, Xoom explained that:

Bank deposits to the Bank of the Phillipine Islands (BPI) will now be available in your recipient’s account in just hours — instead of the next day!

This direct partnership with BPI will make bank deposit money transfers to your recipient’s BPI account much faster than before.

I have personally used Xoom to transfer funds to my local bank accounts and it usually takes 2-3 days before transactions are completed. This change is definitely a nice Christmas gift to all Xoom and BPI account holders because they can get their money faster.

Now if only Xoom can address users’ common problems of cancelled transactions without explanation, rejected transfers, and sucky customer service…