Transfer money from the US to Canada with Paysend
Since the pandemic began, many countries have closed their borders or have discouraged international travel in order to keep residents safe and minimize risk of COVID-19 exposure. Despite many not being able to travel to see loved ones living abroad, our team is on a mission to create a world without borders through digital money.
That’s why we launched our international money transfer services in the US in the midst of the pandemic, allowing millions of residents, immigrants and expats living in the states to remain connected with friends and family abroad.
Expanding on our launch, we’re now focusing efforts on a border a little closer to home for those in the US – Canada.
Paysend allows US consumers to send money to Canada
The US-Canadian border is the world’s longest international boundary between two countries, and Paysend is breaking down its barrier.
We’re excited to offer US consumers the ability to electronically send money to friends and family living in Canada and help commerce flow more freely across North America.
How to transfer money from the US to Canada
Here at Paysend, we make international money transfers easy. To get started, you’ll simply need to download the Paysend app* onto your smartphone device, create an account and enter the amount of money you wish to send to your recipient of choice.
After you click send, your recipient will receive an email verification from our partner Interac. Once the email is confirmed, you will then receive a security code, which will also be available on the Paysend app, to share with your recipient once the transfer is sent.
Once complete, your money will arrive in CAD to your recipient’s bank account with any of the major Canadian financial institutions via Interac in close to real-time.
Ready to start sending money to your Canadian loved ones? Download the Paysend mobile app from the App Store or Google Play today.
*Standard data rates from your wireless service provider may apply.
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Here's the short answer: yes, you can use a credit card to get money into someone's bank account abroad. "Credit card to bank transfer" means exactly that — you fund the transfer with your credit card, and your recipient receives it in their bank account. Or on their card, in their wallet, or as cash to collect, depending on where they are.
The card and the bank account do different jobs. Your card pays for the transfer. A provider like Paysend then pays the money out through local systems on the other end. It's one flow, and it takes about a minute in the app.
One thing worth knowing before you start: a credit card is usually the most expensive way to fund a transfer. Some issuers treat it as a cash advance, and credit tends to carry higher payment fees than debit. You'll always see the full cost, exchange rate included, before you confirm anything. What follows is: the ways your money can arrive, what each one costs, how fast it gets there, and the cheaper routes worth checking first.
Jeden Monat schicken Tausende Menschen, die in Tschechien arbeiten, einen Teil ihres Gehalts nach Hause – viele von ihnen sind Ukrainer, die Familie jenseits der Grenze unterstützen. Und der klassische Weg macht es schwerer, als es sein müsste: Banküberweisungen, die IBAN und SWIFT-Codes verlangen, Gebühren, die erst sichtbar werden, wenn das Geld schon weg ist, und tagelanges Warten, während zu Hause jemand darauf angewiesen ist.
Pavel Štich hilft seinen Lesern seit Jahren genau dabei, dieses Problem zu lösen. Er ist Mitgründer und Chefredakteur für Finanzen bei Moneyo.cz, einer unabhängigen tschechischen Plattform, die Geldtransferdienste, Aktienbroker und alternative Investments vergleicht – und Paysend-Botschafter, was bedeutet: Er testet selbst, was er empfiehlt, erklärt es verständlich und bietet seinen Lesern exklusive Vorteile. Wir haben ihn gefragt, wie Moneyo entstanden ist, wer die Plattform liest und warum er sich für Paysend entschieden hat.
