Comments on: Xoom Raises $20 Million Series E http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/ Startup and Technology News Thu, 24 Jul 2008 08:22:52 +0000 http://wordpress.org/?v=2.5.1 By: Visu http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1673336 Visu Sat, 13 Oct 2007 08:25:21 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1673336 I've used Xoom earlier and it's excellent. There are some coupon codes too, which can be used to bring down the fees. @Saj Remit2india sucks. It's interface is neither attractive nor professional I’ve used Xoom earlier and it’s excellent. There are some coupon codes too, which can be used to bring down the fees.

@Saj
Remit2india sucks. It’s interface is neither attractive nor professional

]]> By: Saj http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1654420 Saj Mon, 01 Oct 2007 20:09:53 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1654420 How is this different from remit2india.com? Remit2india does not charge any fees.. How is this different from remit2india.com? Remit2india does not charge any fees..

]]> By: Chris T http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1653392 Chris T Mon, 01 Oct 2007 04:55:56 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1653392 This service sucks. So the list of countries you can send money for instant pickup is very limited. The website has several inconsistencies not least of which is the list of supported countries. I wanted to test send some money to China, which the website claims they have a partnership agreement with Bank Of China for instant pick up at 11,000 locations (under the help-section of the website). I sign up for an account, select send and only have the option of sending to Hong Kong, which, by the way they then say the person picking up the cash will also have to pay a fee of 25 hong kong dollars ! There was no option for China or sending for instant pickup. How can these clowns get $20m in VC money ! This service sucks. So the list of countries you can send money for instant pickup is very limited. The website has several inconsistencies not least of which is the list of supported countries.

I wanted to test send some money to China, which the website claims they have a partnership agreement with Bank Of China for instant pick up at 11,000 locations (under the help-section of the website).

I sign up for an account, select send and only have the option of sending to Hong Kong, which, by the way they then say the person picking up the cash will also have to pay a fee of 25 hong kong dollars !

There was no option for China or sending for instant pickup. How can these clowns get $20m in VC money !

]]> By: SHIPPY http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652994 SHIPPY Sun, 30 Sep 2007 20:51:25 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652994 Although a Series E sounds impressive, Xoom is in a tough spot, with Western Union on one end and PayPal on the other, and in a tough market with low margins and very little room for error. And their traffic looks slightly down over the last year, so it doesn't seem that they are growing business much. One has to wonder if the investors are just keeping Xoom afloat hoping that things turn around later. In other words, in poker terms, the investors are probably pot-committed at this point and are hoping to catch a miracle card on the river to cash out. Although a Series E sounds impressive, Xoom is in a tough spot, with Western Union on one end and PayPal on the other, and in a tough market with low margins and very little room for error. And their traffic looks slightly down over the last year, so it doesn’t seem that they are growing business much.

One has to wonder if the investors are just keeping Xoom afloat hoping that things turn around later. In other words, in poker terms, the investors are probably pot-committed at this point and are hoping to catch a miracle card on the river to cash out.

]]> By: Alfa http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652891 Alfa Sun, 30 Sep 2007 18:02:14 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652891 Just a few days ago, the Philippines, one of the countries that Xoom benefits from, got PayPal's full support. So Xoom will definitely be history here. Just a few days ago, the Philippines, one of the countries that Xoom benefits from, got PayPal’s full support. So Xoom will definitely be history here.

]]> By: Streaker http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652372 Streaker Sun, 30 Sep 2007 05:12:53 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652372 I remember Xoom. They offered free web hosting, before NBC bought them and ruined the service. I remember Xoom. They offered free web hosting, before NBC bought them and ruined the service.

]]> By: JACKY http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652275 JACKY Sun, 30 Sep 2007 02:52:28 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652275 its very easy to transfer money from paypal,I’ve used xoom for couple of times its very easy to transfer money from paypal,I’ve used xoom for couple of times

]]> By: Derrick http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652273 Derrick Sun, 30 Sep 2007 02:49:46 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652273 Isn't xoom used to be a free webhosting company that offered 11mb instead of geocities 10mb way back like 7 years ago? Does anybody remember that? Isn’t xoom used to be a free webhosting company that offered 11mb instead of geocities 10mb way back like 7 years ago? Does anybody remember that?

]]> By: Xoom was a stolen idea... from Dominican Republic http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652244 Xoom was a stolen idea... from Dominican Republic Sun, 30 Sep 2007 01:49:46 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652244 Mollyguard Corporation was their original name... you can see their website at mollygard.com Mollyguard Corporation was their original name… you can see their website at mollygard.com

]]> By: Xoom was a stolen idea... from Dominican Republic http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652241 Xoom was a stolen idea... from Dominican Republic Sun, 30 Sep 2007 01:46:22 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652241 Well I know about this people very well.. and I can tell you all what is xoom now was a stolen idea... They were just a web development firm contracted for a Dominican Republic wire transfer company to build and mantain the first service of its kind in the country. They werent named Xoom.com at the time.. The services was a success, and they got wide open with the potential.. The founders of Xoom.com had some friend at paypal, including the paypal founder, that was the reason why paypal gave them the green light for this services, so the first they only accepted paypal payments. They then did a really bad move... they then competed with the client that contracted them to build this thing... even launching advertising in Dominican Republic sites... there was a little legal fight, but they have everything in their side because they signed the contract with paypal directly --a bad trusting move for the local company--, at the end the local company had to move to another provider to continue the services and they relaunch as XOOM as a whole new company... Well I know about this people very well.. and I can tell you all what is xoom now was a stolen idea… They were just a web development firm contracted for a Dominican Republic wire transfer company to build and mantain the first service of its kind in the country. They werent named Xoom.com at the time.. The services was a success, and they got wide open with the potential..
The founders of Xoom.com had some friend at paypal, including the paypal founder, that was the reason why paypal gave them the green light for this services, so the first they only accepted paypal payments. They then did a really bad move… they then competed with the client that contracted them to build this thing… even launching advertising in Dominican Republic sites… there was a little legal fight, but they have everything in their side because they signed the contract with paypal directly –a bad trusting move for the local company–, at the end the local company had to move to another provider to continue the services and they relaunch as XOOM as a whole new company…

]]> By: Steve Ballmer http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652123 Steve Ballmer Sat, 29 Sep 2007 22:42:41 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652123 Xoom goes Boom! MSNcash.net is much better. Opps sorry, the public acn't use that just yet. Xoom goes Boom!
MSNcash.net is much better.
Opps sorry, the public acn’t use that just yet.

]]> By: Sam http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652038 Sam Sat, 29 Sep 2007 20:02:51 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652038 It doesn't matter if they use https... How do we know it's safe to use? It doesn’t matter if they use https…
How do we know it’s safe to use?

]]> By: David http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652004 David Sat, 29 Sep 2007 18:58:26 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1652004 I tried to use the service, and after completing all the registration stuff, I tried to transfer money.....NOT.....if you live in Colorado, you can't use the site to transfer money. Why didn't they tell me that before I registered, or at least when I filled out the "State" field on the registration. What a bunch of Knuckleheads! I also wonder about the viability of these services down the road. I tried to use the Western Union website to transfer money using my debit card. My transfer was rejected, since Wells Fargo has blocked any debit card transactions on the Western Union website due to fraud. In fact, the act of trying to use my debit card on the site got the card blocked from any usage and I received two calls from the Wells Fargo fraud to make sure the card hadn't been stolen..... I tried to use the service, and after completing all the registration stuff, I tried to transfer money…..NOT…..if you live in Colorado, you can’t use the site to transfer money.

Why didn’t they tell me that before I registered, or at least when I filled out the “State” field on the registration. What a bunch of Knuckleheads!

I also wonder about the viability of these services down the road. I tried to use the Western Union website to transfer money using my debit card. My transfer was rejected, since Wells Fargo has blocked any debit card transactions on the Western Union website due to fraud.

In fact, the act of trying to use my debit card on the site got the card blocked from any usage and I received two calls from the Wells Fargo fraud to make sure the card hadn’t been stolen…..

]]> By: jv http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651897 jv Sat, 29 Sep 2007 16:23:24 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651897 Xoom looks like a great service, but it can hardly be labled as an "International" service, when it is limited to accepting payments from US based accounts (I live in the UK, with a UK, US and South African accounts), yet I'm not able to transfer money to my South African or US account from my UK accounts. Also South Africa is excluded fom the service...Xoom will unfortunately be nothing more than a good story regarding investments received, until they are able to offer a truely international service. Xoom looks like a great service, but it can hardly be labled as an “International” service, when it is limited to accepting payments from US based accounts (I live in the UK, with a UK, US and South African accounts), yet I’m not able to transfer money to my South African or US account from my UK accounts. Also South Africa is excluded fom the service…Xoom will unfortunately be nothing more than a good story regarding investments received, until they are able to offer a truely international service.

]]> By: Sean http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651892 Sean Sat, 29 Sep 2007 16:18:18 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651892 The only support like 30 countries? Not much... The only support like 30 countries? Not much…

]]> By: Deelip http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651703 Deelip Sat, 29 Sep 2007 13:03:10 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651703 I've used xoom for couple of times, its very easy to transfer money from paypal, specially in the countries like India. I’ve used xoom for couple of times, its very easy to transfer money from paypal, specially in the countries like India.

]]> By: lee http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651680 lee Sat, 29 Sep 2007 12:07:16 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651680 I use Xoom on a daily basis to pay people in India etc and find it a great tool. I think the need to improve security a little but apart from that I can see them doing really well I use Xoom on a daily basis to pay people in India etc and find it a great tool. I think the need to improve security a little but apart from that I can see them doing really well

]]> By: Steve http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651678 Steve Sat, 29 Sep 2007 12:05:09 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651678 http://web.archive.org/web/19990203052923/xoom.com/webspace/ "XOOM.com offers more space and features to web page builders than any other site. Imagine -- 11 MB of free space for starters, enough room for loads of graphics and sound files to make your site sing." hahaha awesome http://web.archive.org/web/199...../webspace/

“XOOM.com offers more space and features to web page builders than any other site. Imagine — 11 MB of free space for starters, enough room for loads of graphics and sound files to make your site sing.”

hahaha awesome

]]> By: Steve http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651673 Steve Sat, 29 Sep 2007 11:57:46 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651673 Glad I'm not the only one who remembers that xoom used to be another geocities back in the day! It was fairly popular as I remember - they offered more space than geocities and nicer urls, and they had no ads, you just had to link back with a button :P Glad I’m not the only one who remembers that xoom used to be another geocities back in the day! It was fairly popular as I remember - they offered more space than geocities and nicer urls, and they had no ads, you just had to link back with a button :P

]]> By: rc http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651599 rc Sat, 29 Sep 2007 10:15:14 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651599 great thanks rc trading tennis great
thanks

rc
trading tennis

]]> By: Movlue J. Ridic http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651582 Movlue J. Ridic Sat, 29 Sep 2007 09:51:01 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651582 There are some Entrepreneurs here spend most time working hard to create Web 2.0 product. They couldn’t get VC or angels fund. Why is Xoom getting special access to VC clubs? There are some Entrepreneurs here spend most time working hard to create Web 2.0 product. They couldn’t get VC or angels fund. Why is Xoom getting special access to VC clubs?

]]> By: Terry Ng http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651538 Terry Ng Sat, 29 Sep 2007 08:33:04 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651538 Someone is actually reusing the xoom.com domain name eh? I remember back in the old dotcom days when xoom was just another geocities. :p Love how all these names like xoom and snap get recycled. :) Someone is actually reusing the xoom.com domain name eh? I remember back in the old dotcom days when xoom was just another geocities. :p

Love how all these names like xoom and snap get recycled. :)

]]> By: Nate http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651521 Nate Sat, 29 Sep 2007 08:16:59 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651521 Western Union is used by many scammers (Nigerian fraud) to send under-the-table money, either honestly earned, or earned by illicit practices, to their home countries. To take this online reduces the anonimity wich WU offers. I'm surprised that WU is not required to have camera & ID registrations of every transaction, considering the amount of black money which is transferred around the world using their service. Western Union is used by many scammers (Nigerian fraud) to send under-the-table money, either honestly earned, or earned by illicit practices, to their home countries.

To take this online reduces the anonimity wich WU offers.

I’m surprised that WU is not required to have camera & ID registrations of every transaction, considering the amount of black money which is transferred around the world using their service.

]]> By: Embassy Ambassador http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651519 Embassy Ambassador Sat, 29 Sep 2007 08:16:14 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651519 what about the countries not on their list? ie Turkey. they have no support on their website, whom to ask? what about the countries not on their list? ie Turkey.
they have no support on their website, whom to ask?

]]> By: Rajeev http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651485 Rajeev Sat, 29 Sep 2007 07:42:22 +0000 http://www.techcrunch.com/2007/09/28/xoom-raises-2029-million-series-e/#comment-1651485 Cool Info, World after all is not a small place. http://tekno-world.blogspot.com Cool Info,

World after all is not a small place.

http://tekno-world.blogspot.com

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