PayPal recently caused a lot of furore and confusion when they announced “temporary halting” of payments to India. Every other person was left outraged and stranded with no means to withdraw funds from PayPal to a local bank. Xoom is a service that aims to solve such a crisis from affecting PayPal users. Apart from allowing you to withdraw from PayPal to a local bank, Xoom also lets you send money globally at really reasonable rates.
Here’s how you can use Xoom to move your PayPal money to a local bank account.
Sign up for the service
Head over to the Xoom website, and sign-up for their service. The website automatically detects your country and shows you the exchange rate that you can get for your precious dollars. Once you sign-up, you need to verify your email address. Head over to your inbox and click the validation link there.
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