Using Xoom to accept PayPal payments

UPDATE: PayPal Philippines accounts are now eligible to accept payments. Alternatively, you can use Xoom to accept PayPal payments from abroad. The article below has more details on that. Note, however, that Xoom cannot be used to withdraw funds from PayPal Philippines accounts.

===============

Using the money transfer service Xoom, you can accept funds from a PayPal user even if you don’t have a PayPal account. The sender can pay you using his or her PayPal balance, credit card, or bank account. Details of the two ways to receive PayPal payments below.

Method 1: Request Money 

Use Xoom’s Request Money form to send an email payment request to payors. The money sender needs to have a Xoom account to facilitate the transfer. Here’s how to request money:

  • 1. Go to Xoom’s website. Login to your account, open a new account if you don’t have one, or directly fill up a request money form.
  • 2. Request money from your payor using the “Request Money” link at the bottom menu of the site.
  • 3. Fill up the “Request Money” form with your and the sender’s details, your note to the sender, and the security code. The Request Money form looks like this.
  • 4. Click “Send Email” and you’re done! Now you just have to wait for the payor to send you money. Again, the payor needs to have a Xoom account to make the transfer.

Method 2: Using Payment Buttons 

If you are a merchant selling goods or services to international customers online, you can use Xoom’s payment buttons to receive PayPal. (This is very useful especially for those selling in eBay). Here’s how:

  • 1. Go to Xoom’s website. Login to your account or open a new account if you don’t have one.
  • 2. Go to “My Profile” and add the details of your local bank account so that funds paid to you will be deposited directly to your bank account.
  • 3. Create your payment buttons by clicking the “Merchants” link at the bottom menu of the site and clicking “Create payment buttons”.
  • 4. In the “Create Payment Button” page, fill up the item details including the price and shipping amount, if applicable. The “Create Payment Button” page looks like this.
  • 5. Click “Create Button” and add the resulting HTML codes in your site or auction listing. Buyers who click on your payment buttons can send you PayPal funds which will then be deposited to your bank account.

Do note that in most cases your PayPal sender needs to have a Xoom account first before he or she can make the transfer. Additional fees, which are usually higher than what PayPal normally charges, are also imposed on every transaction.

Be reminded, too, that Xoom has strict, sometimes strange, rules on money transfers. One bad experience I had with Xoom (although recently all have been very good) is in the article Problems with Xoom.com.

Must read these other related, useful articles:

About the Author

PSEi support seen at 6,200 and 6,000 amid weaker Peso

In a not-so-surprising move, the U.S. Federal Reserve (Fed) yesterday raised interest rates by 75 basis points (bps) or 0.75% in a bid to tame rising inflation in the United States. This was the third consecutive 0.75% rate hike by the Fed, which brings the federal funds rate, the central bank’s benchmark interest rate, to ... Read more

Official SWIFT Code of BDO, BPI, Metrobank, Philippine banks

When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need the SWIFT Code of the bank. Look no further because you can find all the SWIFT Codes you need in this list! Make sure you’re using the right bank code ... Read more
blank

How to Waive your Credit Card Annual Fee (BDO, BPI, Metrobank, RCBC, Citibank, UnionBank)

Without a doubt, one of the most annoying fees that credit cardholders have to pay is the annual fee. Majority of cardholders are familiar with this fee and majority of us likely pay this grudgingly year after year after year. In the case of my credit card with BPI (Bank of the Philippine Islands), I’m ... Read more
blank

Why Filipinos do not become business owners or entrepreneurs

For a majority of Filipinos, entrepreneurship does not seem to be a typical, expected path. This is not surprising, considering that in school, students are primarily taught to become employees after graduation. Students train for years to become staff workers, reporting to a supervisor, and just waiting to receive their wages or salaries every month. ... Read more
blank

My experience investing in Mutual Funds in the Philippines

I started investing in mutual funds when I was 22 years old. As an Overseas Filipino Worker (OFW) then, I was fortunate to be able to save some money at that young age because of my work abroad. One time while I was on vacation in the Philippines, I saw a large billboard in EDSA ... Read more
blank

Income Tax Tables in the Philippines (2022)

The Philippines’ new tax reform bill, known as TRAIN or Tax Reform for Acceleration and Inclusion, was signed into law on December 19, 2017 and its implementation began on January 1, 2018. What are the new income tax rates under the TRAIN law? How will TRAIN affect income taxes of individuals and corporations? How is the ... Read more
blank

PSE Stocks Performance under each Philippine President (1987-2021)

Did you know that Philippine stocks were able to achieve an astounding growth of 800% in a span of 30 years? From 1987 until 2018, the Philippine Stock Exchange index (PSEi) rose from 1,000 points to a peak of 9,000 points — generating a return of 800% over 30 years. (The PSEi is an index ... Read more
blank

SSL 2022: Salary Increases for Teachers, Nurses, Gov’t Employees

Good news to all government employees! There’s a new round of salary increases beginning January 1, 2022! Millions of employees of the Philippine government — including public school teachers, nurses and staff of government hospitals, and workers in local and national government agencies, etc. — will be getting an automatic salary adjustment this 2022 under ... Read more
blank

PSE Trading Hours in 2022: What time open, when closed?

Before you take the plunge into stock trading and investing, make sure you understand what stocks are and how the Philippine Stock Exchange (PSE) operates. Unlike other investments that are relatively safe, stock trading is risky and loss of money is a possibility. So before you deep dive into the exciting world of stock trading, ... Read more

Price Floor and Price Ceiling of PSE Stocks

Trading bands in the PSE come in two forms: Price Ceiling, or the upper price limit, and Price Floor, or the lower price limit.

7 thoughts on “Using Xoom to accept PayPal payments”

  1. I do have a problem attaching my bank account to my xoom account, I have a dollar account here in the philippines, but the currency button on xoom doesn’t seem to work, it just stays on phillipine pesos, the dollar currency isn’t clickable at all,I’ve already emailed them but they’re still not replying, tips from xoom users will be appreciated. thank you

    Reply
  2. Hi j, that means your dollar bank account is not accepted as a payment method in Xoom. According to Xoom, they can send funds to the following accounts:

    Deposit to U.S. dollar accounts:

    Banco de Oro
    Bank of the Philippine Islands
    BPI Family Savings Bank
    Citibank
    Equitable PCI Bank
    HSBC
    HSBC Savings Bank
    MetroBank
    Philippine National Bank
    RCBC
    RCBC Savings Bank
    United Coconut Planters Bank

    Deposit to peso accounts:

    Allied Bank
    Asia United Bank
    Asiatrust
    Banco Filipino
    Bank of Commerce
    China Banking Corp.
    Chinatrust
    Citystate Bank
    Development Bank of the Philippines
    East West Bank
    Equitable Savings Bank
    Export Industry Bank
    GE Money Savings Bank
    Insular Bank
    International Exchange Bank
    Land Bank of the Philippines
    LBC Bank
    Manila Bank
    Maybank
    PBCom
    Philippine Business Bank
    Philippine Veterans Bank
    Philtrust Bank
    Planters Bank
    Premiere Bank
    Robinsons Bank
    Security Bank
    Standard Chartered
    UCPB Savings
    Union Bank
    United Overseas Bank

    Reply
  3. Nice Article !!! Very informative indeed.

    BTW…Philippine Recruitment Agency for abroad is the name of the search facility that I’ve developed. It specifically designed to enable Filipinos to find jobs abroad.

    Try it out –

    Reply
  4. I wonder if there are “real” customer agents of xoom because I did have serious problems with xoom. I sent several messages but they didn’t answer my querry. The answers were different. I hope xoom refunds my money though my paypal account. I’m sick and tired of sending messages anymore. I’m not angry I’m just expressing my experience. Thanks

    Reply
  5. In situation of infection, some STDs can be easily handled.
    This is simply because your physique accumulates all the
    calories that it does not use and shop them as fat. Alternative sites have truly inappropriate content material.

    Reply

Leave a Comment