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No Xoom transfer fee when you use PYUSD to send
PYUSD is PayPal’s stablecoin, a type of cryptocurrency designed to maintain a stable $1 USD for 1 PYUSD value*. When you use PYUSD to send money around the world, you get $0 Xoom transaction fees.

More on PYUSD

How to transfer using PYUSD? Follow the steps below!
Buy enough PYUSD to cover your transfer.
Get set up
Set up your transfer as you would normally and choose PYUSD as your way to pay.
We do the rest
We'll sell your PYUSD and use that money to complete your transfer. Your contact gets the currency you select, like with any other Xoom transaction.
Common questions
What is a stablecoin?

PayPal USD is a stablecoin that’s fully backed by US dollar deposits, US treasuries, and similar cash equivalents. You can buy and sell 1 PYUSD for 1 USD on PayPal.

Stablecoins are a type of cryptocurrency designed to have a steady value over time relative to a reference asset, for example, the U.S. dollar. They can provide inclusive, broad access to the financial system, and can enable fast and efficient money movement. Stablecoins are programmable, offering developers a useful digital currency that can be built into public blockchains and can help link the traditional economy and Web3.

How do I start using PayPal USD?

You can buy PYUSD in the PayPal app or on our site. Get Started

Where can I find more information about the reserve assets backing PayPal USD?

* PayPal USD is issued by Paxos Trust Company, LLC (Paxos). PayPal and Paxos are committed to ensuring the public availability of reports on the PayPal USD reserve assets. To that end, Paxos monthly self-reports the composition of the reserve asset portfolio after each month’s end, and monthly attestation reports are also issued by an independent third-party accounting firm. These monthly reports can be found on Paxos’ PayPal USD Transparency page.

Are there fees to use PayPal USD?

There are no fees to buy, sell, hold or transfer PYUSD to eligible US PayPal Balance accounts. There is a fee to convert between PYUSD and other cryptos. More about cryptocurrency fees and pricing

1 Issuance of and custody of PayPal USD is performed by Paxos Trust Company, LLC. Learn more in PayPal's Cryptocurrency Terms, and in the Paxos Terms that also apply to PYUSD.

2 PayPal Balance account required to access cryptocurrency. When you buy or sell cryptocurrency, including when you check out with crypto, we will disclose an exchange rate and any fees you will be charged for that transaction. For currencies other than PYUSD, the exchange rate includes a spread that PayPal earns on each purchase and sale. Learn more about cryptocurrency fees.

Buying and selling cryptocurrency is subject to a number of risks and may result in significant losses. See our disclosure for more details. Xoom does not make any recommendations regarding buying or selling cryptocurrency. Consider seeking advice from your financial and tax advisor. Custody, trading and transfer services for cryptocurrencies are performed for us by our licensed service provider, Paxos Trust Company, LLC or other appropriately licensed or otherwise authorized service provider.

Buying, selling, transferring, and holding cryptocurrencies is not regulated in many states, including the State of California.

All cryptocurrency prices shown are for illustrative purposes only.

PayPal, Inc. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Buying, selling, transferring, and holding cryptocurrency with PayPal is not available in Hawaii and where prohibited by law.