What are the differences between Payoneer and Xoom in terms of payment systems and money transfers?

Payoneer and Xoom are both popular platforms for international money transfers, but they differ in several ways. Payoneer is a financial services company that provides online money transfer, digital payment services and provides customers with working capital. It is widely used by freelancers and businesses for cross-border transactions. Payoneer allows you to receive payments in multiple currencies and from various marketplaces. It also offers a prepaid MasterCard. However, it has a complex fee structure which can be expensive depending on the nature of the transaction. Xoom, on the other hand, is a PayPal service that is primarily used for personal remittances. It allows individuals to send money, pay international bills, or reload phones from the United States and Canada. Xoom is known for its speed as it can deliver money transfers in minutes. It also offers a money-back guarantee if the transfer does not arrive on time. However, Xoom’s fees can be higher than other services, especially for smaller amounts and it does not support business payments.