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The best services for sending money from Canada overseas

In different parts of the world, millions of people send money daily overseas. They always seek money transfer services that offer a simple and cost-effective option of sending money overseas from Canada. This is in a bid to ensure that they can transfer enough money to their friends, relatives, and colleagues living in various parts of .

Traditional banks do not have the capability of fast-tracking these online payments. Their services do not provide an effective way to wire money from Canada. Hence, most individuals and businesses prefer to use the services of online platforms for their financial transactions. Therefore, they look for the best way to transfer money. This article will serve as a guide to help people to identify the cheapest way to send money from Canada overseas.

How to transfer money from Canada overseas online?

People can send money from Canada overseas using different money transfer services. These e-transfer platforms allow clients to use their credit cards to pay for the sending of money to a bank account. The process of transferring money overseas through these services are similar and straightforward.

Signing up is the first step. Then enter the recipient’s information, the payment option, and delivery method. TransferWise: There are numerous clients that utilize the services of this platform. They deliver payments in different currencies that are supported on their platform. Clients also enjoy a high number of currency pairings for exchanges and advanced technology.

Which provider to use to wire money from Canada overseas?

• PayPal: This American company offers international online payments and money transfers to different parts of the world. This money transfer service that delivers payments overseas is a reliable electronic platform that replaces the paper system of conventional banking institutions such as money orders and checks. PayPal offers a secure, low fees, and fast transactions.
• Western Union: Individuals and businesses send and receive money from about 200 different countries through Western Union. They also offer a huge fraction of all the remittance transactions in the world.
• CurrencyFair: For a credible and low-cost transfer of money, you can rely on the services of this platform. Whether it is for private or commercial purposes, CurrencyFair is one of the best options available.
• XendPay: This payments service provider supports nearly all currency pairings. XendPay has its operations in over 200 countries and is dependable for sending money overseas from Canada.

How much does it cost to send money overseas from Canada?

The cost of making transfers from Canada overseas varies from one service provider to the other. This applies for both money transfers and currency exchanges. A mark-up of the marketplace index is adopted by most platforms for exchanges. For transfers, about 0.1% to 0.6% of the total amount is the charge.

How Can Our Platform Help You?

People in Canada, are interested in using the best services to send money overseas. The payment services listed above are among the best platforms you can use to send money, however, there are certain features of each platform that you must identify when deciding. They include supported currencies, delivery methods, payment options, currency pairings, transaction fees, and processing time. We are sure that our platform would help you make a smart and well-informed decision.