Limits and validity of the transfers limits in Canada

2024-06-26

After you sign up your Paysend account, your sending limit is 1,000 CAD per month.

You have the option to submit an ID verification in your Profile - Limits menu to increase the limit to 10,000 CAD per month. It will be automatically renewed every month for as long as your ID is valid.

You can further increase the monthly limit to up to 40,000 CAD once verify your source of funds. To do that, please answer the short questionnaire:
1) your income type, name of your company where you are employed
2) your average income per month
3) the purpose of your Paysend transfers
4) how much you expect to transfer with Paysend per month

You can submit your information in the live chat. Additional information may be requested afterwards."