Advantages of using Paysend<\/h3>- Straightforward fee structure.<\/strong> When sending from Canada, the fee is always $3.<\/li>
- High app ratings.<\/strong> At the time of writing, Paysend has a rating of 4.7 out of 5 stars on the Google Play store with over 10 million downloads and 4.8 out of 5 stars on the Apple store with over 21,217 ratings.<\/li>
- Some flexibility.<\/strong> You can send money using bank cards or accounts or by simply using a phone number.<\/li>
- Speed.<\/strong> Paysend has an estimated delivery time of just minutes for most transfers.<\/li>
- 24\/7\/365 support.<\/strong> Contact Paysend any time through chat or email for assistance.<\/li><\/ul><\/div>
What to watch out for<\/h3>- Exchange rate markups.<\/strong> Paysend makes money by offering less-than-ideal exchange rates on transfers.<\/li>
- Restricted sending options.<\/strong> Paysend doesn\u2019t accept cash payments or allow cash deliveries.<\/li>
- Less established.<\/strong> Paysend is less established in Canada compared to other money transfer specialists.<\/li><\/ul><\/div><\/div>
Paysend exchange rates and fees<\/h3>
Paysend\u2019s fees and exchange rates are fairly straightforward when sending money from Canada, regardless of the payment method.<\/p>
Paysend fees<\/h4>
Paysend fees are always a flat rate of $3 when you\u2019re sending from Canada.<\/p>
Paysend exchange rates<\/h4>
Paysend doesn\u2019t offer the mid-market exchange rate, which is the best possible rate you can get for a currency pair. Instead, Paysend adds a margin onto the exchange rate to make money. The table below provides an idea of the margins Paysend might charge on its exchange rates. Note that, the higher the margin, the less money recipients will get.<\/p>
When we checked on August 12, 2025, Paysend\u2019s exchange rates were as follows:
Note: Paysend updates its rates daily, so these numbers are just an indication.<\/small><\/em><\/p>Transfer<\/th> Paysend rate<\/th> Mid-market rate<\/th> Markup<\/th><\/tr><\/thead> CAD to MXN<\/td> 13.3996<\/span><\/div><\/td>13.4951<\/td> 0.71%<\/td><\/tr> CAD to PHP<\/td> 41.1966<\/span><\/div><\/td>41.31267<\/td> 0.28%<\/td><\/tr> CAD to INR<\/td> 62.9769<\/span><\/div><\/td>63.6274<\/td> 1.02%<\/td><\/tr><\/tbody><\/table>How long does a Paysend money transfer take?<\/h3>
According to Paysend, most transfers happen in a few minutes or less. However, there are some factors that may influence the time it takes for transfers to arrive:<\/p>
- Bank accounts: instant or up to three business days.<\/b> Paying by, or sending to, a bank account may delay a transfer by a few business days depending on the bank\u2019s processing times.<\/li>
- Debit and credit cards: typically instant.<\/b> Card transfers through Paysend typically process and are delivered within a few minutes at most.<\/li><\/ul>
What currencies can customers send with Paysend?<\/h3>
Paysend offers transfers to 13 currencies, including:<\/p>
- China:<\/strong> Chinese yuan (CNY)<\/li>
- Europe:<\/strong> Euro (EUR)<\/li><\/ul><\/div>
- United States: <\/b>United States Dollar (USD)<\/li>
- United Kingdom: <\/strong>British Pound Sterling (GBP)<\/li><\/ul><\/div><\/div>
Paysend reviews<\/h3>
Overall, Paysend reviews are positive, with a Trustpilot score of 4.2 out of 5 stars when we checked on July 22, 2025. Paysend has more than 37,000 Trustpilot reviews, with 85% of those rated Excellent.<\/p>
Is Paysend safe?<\/h3>
Paysend has several security measures to help ensure safe money transfers, including:<\/p>
- Bank-level security:<\/strong> All money transferred through Paysend uses the same security as major banks.<\/li>
- Encryption:<\/strong> Your information is encrypted on Paysend\u2019s platform to prevent unauthorized parties from accessing your data.<\/li>
- 24\/7 customer service:<\/strong> If customers ever have a problem, you can contact Paysend at any time.<\/li>
- 2FA:<\/strong> Two-factor authentication helps keep your account even safer by preventing you from logging in unless you have access to your phone.<\/li><\/ul>
What payment methods does Paysend accept?<\/h3>
Paysend allows payment in several ways:<\/p>
- Credit card<\/li>
- Debit card \u2014 Mastercard or Visa<\/li>
- Bank account<\/li><\/ul>
There are no additional fees from Paysend depending on how customers pay. Customers should double check with their bank or credit card company, though, as fees may apply on their end.<\/p>
What delivery methods does Paysend offer?<\/h3>
Transfer methods through Paysend are a bit limited:<\/p>
- Delivery to bank account<\/li>
- Delivery to bank debit card<\/li><\/ul>
The availability of these methods varies depending on what country you\u2019re sending to.<\/p>
What customers need to send money online through Paysend?<\/h3>
Customers will need to provide the following to send their first payment through Paysend:<\/p>
- Phone number<\/li>
- Address<\/li>
- Legal name<\/li>
- Email<\/li>
- Payment method<\/li><\/ul>
Paysend sending limits<\/h3>
Paysend limits accounts until customers provide verification. Here are the limits:<\/p>
- Basic:<\/strong> Send up to a total of USD $999 or 5 transfers<\/li>
- Advanced:<\/strong> Send up to USD $5,000 per month<\/li>
- Ultimate:<\/strong> Send up to USD $10,000 per month<\/li><\/ul>
Upgrading a customer account requires identity verification, which may include submitting proof of identification, a US Social Security number and income details.<\/p>
How to make a first-time transfer with Paysend<\/h3>
Signing up with Paysend can be done online or through the mobile app:<\/p>
- Provide a phone number<\/li>
- Enter a name and date of birth<\/li>
- Enter a home address, including apartment or suite numbers<\/li>
- Provide an email<\/li>
- Agree to Terms and Conditions<\/li>
- Verify the email and phone number provided<\/li>
- Start sending money<\/li><\/ol>
My experience with signing up<\/h4>
I signed up for Paysend in about three minutes. At first I tried to sign in using a VoIP number app, but Paysend doesn\u2019t allow VoIP. I had to use my real phone number instead.<\/p>
Creating an account was mostly painless, with the largest chunk of time spent waiting for the verification email to send. (Hint, my verification email went to my \u201cPromotions\u201d inbox, so be sure to look around if it isn\u2019t arriving right away).<\/p>
- Did I have to interact with customer service?<\/strong> Nope, everything was automated.<\/li>
- How long did it take?<\/strong> About three minutes, but it could have been quicker if I\u2019d found my confirmation email sooner.<\/li>
- What was unexpected?<\/strong> VoIP numbers aren\u2019t accepted, so if you rely on VoIP number services instead of mobile provider numbers you might have issues signing up.<\/li><\/ul><\/div>
How to track a Paysend transfer<\/h3>
To track a Paysend transfer, customers either need to log in to the website or open the mobile app. Afterwards, they should:<\/p>
- Navigate to the History<\/strong> section<\/li>
- Look at the symbol next to their transfer
- Green circle = successful transfer<\/li>
- Black clock = in transit<\/li>
- Red \u201cX\u201d = failed transfer<\/li><\/ol><\/li>
- For transfers that are in transit, customers should allow up to 3 business days for the transaction to complete before contacting customer service.<\/li><\/ol>
Is there a Paysend app?<\/h3>![\"Paysend](\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/01\/PaysendApp_Supplied_194x399.png\" "\\"Image:")
<\/p><\/div>
Yes, Paysend has an app on both Google Play and the App Store. The app makes it possible to:<\/p>
- Log in using biometrics.<\/strong> Both face and fingerprint recognition can be used to log in.<\/li>
- Check exchange rates on the go.<\/strong> Up-to-date currency exchange rates and fees can be found in the app.<\/li>
- Track transfer. <\/strong>Customers can see the status of their transfers and contact customer support with any questions.<\/li><\/ul>
Ratings collected on July 22, 2025<\/th> <\/th><\/tr><\/thead> Google Play Store<\/strong><\/td>4.7 out of 5, based on 133,000+ customer reviews<\/td><\/tr> Apple App Store<\/strong><\/td>4.8 out of 5, based on 21,000+ customer reviews<\/td><\/tr><\/tbody><\/table><\/div><\/div>
What to watch out for<\/h3>- Exchange rate markups.<\/strong> Paysend makes money by offering less-than-ideal exchange rates on transfers.<\/li>
- Restricted sending options.<\/strong> Paysend doesn\u2019t accept cash payments or allow cash deliveries.<\/li>
- Less established.<\/strong> Paysend is less established in Canada compared to other money transfer specialists.<\/li><\/ul><\/div><\/div>
Paysend exchange rates and fees<\/h3>
Paysend\u2019s fees and exchange rates are fairly straightforward when sending money from Canada, regardless of the payment method.<\/p>
Paysend fees<\/h4>
Paysend fees are always a flat rate of $3 when you\u2019re sending from Canada.<\/p>
Paysend exchange rates<\/h4>
Paysend doesn\u2019t offer the mid-market exchange rate, which is the best possible rate you can get for a currency pair. Instead, Paysend adds a margin onto the exchange rate to make money. The table below provides an idea of the margins Paysend might charge on its exchange rates. Note that, the higher the margin, the less money recipients will get.<\/p>
When we checked on August 12, 2025, Paysend\u2019s exchange rates were as follows:
Note: Paysend updates its rates daily, so these numbers are just an indication.<\/small><\/em><\/p>Transfer<\/th> Paysend rate<\/th> Mid-market rate<\/th> Markup<\/th><\/tr><\/thead> CAD to MXN<\/td> 13.3996<\/span><\/div><\/td>13.4951<\/td> 0.71%<\/td><\/tr> CAD to PHP<\/td> 41.1966<\/span><\/div><\/td>41.31267<\/td> 0.28%<\/td><\/tr> CAD to INR<\/td> 62.9769<\/span><\/div><\/td>63.6274<\/td> 1.02%<\/td><\/tr><\/tbody><\/table>How long does a Paysend money transfer take?<\/h3>
According to Paysend, most transfers happen in a few minutes or less. However, there are some factors that may influence the time it takes for transfers to arrive:<\/p>
- Bank accounts: instant or up to three business days.<\/b> Paying by, or sending to, a bank account may delay a transfer by a few business days depending on the bank\u2019s processing times.<\/li>
- Debit and credit cards: typically instant.<\/b> Card transfers through Paysend typically process and are delivered within a few minutes at most.<\/li><\/ul>
What currencies can customers send with Paysend?<\/h3>
Paysend offers transfers to 13 currencies, including:<\/p>
- China:<\/strong> Chinese yuan (CNY)<\/li>
- Europe:<\/strong> Euro (EUR)<\/li><\/ul><\/div>
- United States: <\/b>United States Dollar (USD)<\/li>
- United Kingdom: <\/strong>British Pound Sterling (GBP)<\/li><\/ul><\/div><\/div>
Paysend reviews<\/h3>
Overall, Paysend reviews are positive, with a Trustpilot score of 4.2 out of 5 stars when we checked on July 22, 2025. Paysend has more than 37,000 Trustpilot reviews, with 85% of those rated Excellent.<\/p>
Is Paysend safe?<\/h3>
Paysend has several security measures to help ensure safe money transfers, including:<\/p>
- Bank-level security:<\/strong> All money transferred through Paysend uses the same security as major banks.<\/li>
- Encryption:<\/strong> Your information is encrypted on Paysend\u2019s platform to prevent unauthorized parties from accessing your data.<\/li>
- 24\/7 customer service:<\/strong> If customers ever have a problem, you can contact Paysend at any time.<\/li>
- 2FA:<\/strong> Two-factor authentication helps keep your account even safer by preventing you from logging in unless you have access to your phone.<\/li><\/ul>
What payment methods does Paysend accept?<\/h3>
Paysend allows payment in several ways:<\/p>
- Credit card<\/li>
- Debit card \u2014 Mastercard or Visa<\/li>
- Bank account<\/li><\/ul>
There are no additional fees from Paysend depending on how customers pay. Customers should double check with their bank or credit card company, though, as fees may apply on their end.<\/p>
What delivery methods does Paysend offer?<\/h3>
Transfer methods through Paysend are a bit limited:<\/p>
- Delivery to bank account<\/li>
- Delivery to bank debit card<\/li><\/ul>
The availability of these methods varies depending on what country you\u2019re sending to.<\/p>
What customers need to send money online through Paysend?<\/h3>
Customers will need to provide the following to send their first payment through Paysend:<\/p>
- Phone number<\/li>
- Address<\/li>
- Legal name<\/li>
- Email<\/li>
- Payment method<\/li><\/ul>
Paysend sending limits<\/h3>
Paysend limits accounts until customers provide verification. Here are the limits:<\/p>
- Basic:<\/strong> Send up to a total of USD $999 or 5 transfers<\/li>
- Advanced:<\/strong> Send up to USD $5,000 per month<\/li>
- Ultimate:<\/strong> Send up to USD $10,000 per month<\/li><\/ul>
Upgrading a customer account requires identity verification, which may include submitting proof of identification, a US Social Security number and income details.<\/p>
How to make a first-time transfer with Paysend<\/h3>
Signing up with Paysend can be done online or through the mobile app:<\/p>
- Provide a phone number<\/li>
- Enter a name and date of birth<\/li>
- Enter a home address, including apartment or suite numbers<\/li>
- Provide an email<\/li>
- Agree to Terms and Conditions<\/li>
- Verify the email and phone number provided<\/li>
- Start sending money<\/li><\/ol>
My experience with signing up<\/h4>
I signed up for Paysend in about three minutes. At first I tried to sign in using a VoIP number app, but Paysend doesn\u2019t allow VoIP. I had to use my real phone number instead.<\/p>
Creating an account was mostly painless, with the largest chunk of time spent waiting for the verification email to send. (Hint, my verification email went to my \u201cPromotions\u201d inbox, so be sure to look around if it isn\u2019t arriving right away).<\/p>
- Did I have to interact with customer service?<\/strong> Nope, everything was automated.<\/li>
- How long did it take?<\/strong> About three minutes, but it could have been quicker if I\u2019d found my confirmation email sooner.<\/li>
- What was unexpected?<\/strong> VoIP numbers aren\u2019t accepted, so if you rely on VoIP number services instead of mobile provider numbers you might have issues signing up.<\/li><\/ul><\/div>
How to track a Paysend transfer<\/h3>
To track a Paysend transfer, customers either need to log in to the website or open the mobile app. Afterwards, they should:<\/p>
- Navigate to the History<\/strong> section<\/li>
- Look at the symbol next to their transfer
- Green circle = successful transfer<\/li>
- Black clock = in transit<\/li>
- Red \u201cX\u201d = failed transfer<\/li><\/ol><\/li>
- For transfers that are in transit, customers should allow up to 3 business days for the transaction to complete before contacting customer service.<\/li><\/ol>
Is there a Paysend app?<\/h3><\/p><\/div>
Yes, Paysend has an app on both Google Play and the App Store. The app makes it possible to:<\/p>
- Log in using biometrics.<\/strong> Both face and fingerprint recognition can be used to log in.<\/li>
- Check exchange rates on the go.<\/strong> Up-to-date currency exchange rates and fees can be found in the app.<\/li>
- Track transfer. <\/strong>Customers can see the status of their transfers and contact customer support with any questions.<\/li><\/ul>
Ratings collected on July 22, 2025<\/th> <\/th><\/tr><\/thead> Google Play Store<\/strong><\/td>4.7 out of 5, based on 133,000+ customer reviews<\/td><\/tr> Apple App Store<\/strong><\/td>4.8 out of 5, based on 21,000+ customer reviews<\/td><\/tr><\/tbody><\/table><\/div><\/div>
Paysend exchange rates and fees<\/h3>
Paysend\u2019s fees and exchange rates are fairly straightforward when sending money from Canada, regardless of the payment method.<\/p>
Paysend fees<\/h4>
Paysend fees are always a flat rate of $3 when you\u2019re sending from Canada.<\/p>
Paysend exchange rates<\/h4>
Paysend doesn\u2019t offer the mid-market exchange rate, which is the best possible rate you can get for a currency pair. Instead, Paysend adds a margin onto the exchange rate to make money. The table below provides an idea of the margins Paysend might charge on its exchange rates. Note that, the higher the margin, the less money recipients will get.<\/p>
When we checked on August 12, 2025, Paysend\u2019s exchange rates were as follows: According to Paysend, most transfers happen in a few minutes or less. However, there are some factors that may influence the time it takes for transfers to arrive:<\/p> Paysend offers transfers to 13 currencies, including:<\/p> Overall, Paysend reviews are positive, with a Trustpilot score of 4.2 out of 5 stars when we checked on July 22, 2025. Paysend has more than 37,000 Trustpilot reviews, with 85% of those rated Excellent.<\/p> Paysend has several security measures to help ensure safe money transfers, including:<\/p> Paysend allows payment in several ways:<\/p> There are no additional fees from Paysend depending on how customers pay. Customers should double check with their bank or credit card company, though, as fees may apply on their end.<\/p> Transfer methods through Paysend are a bit limited:<\/p> The availability of these methods varies depending on what country you\u2019re sending to.<\/p> Customers will need to provide the following to send their first payment through Paysend:<\/p> Paysend limits accounts until customers provide verification. Here are the limits:<\/p> Upgrading a customer account requires identity verification, which may include submitting proof of identification, a US Social Security number and income details.<\/p> Signing up with Paysend can be done online or through the mobile app:<\/p> I signed up for Paysend in about three minutes. At first I tried to sign in using a VoIP number app, but Paysend doesn\u2019t allow VoIP. I had to use my real phone number instead.<\/p> Creating an account was mostly painless, with the largest chunk of time spent waiting for the verification email to send. (Hint, my verification email went to my \u201cPromotions\u201d inbox, so be sure to look around if it isn\u2019t arriving right away).<\/p> To track a Paysend transfer, customers either need to log in to the website or open the mobile app. Afterwards, they should:<\/p> Yes, Paysend has an app on both Google Play and the App Store. The app makes it possible to:<\/p>
Note: Paysend updates its rates daily, so these numbers are just an indication.<\/small><\/em><\/p>Transfer<\/th> Paysend rate<\/th> Mid-market rate<\/th> Markup<\/th><\/tr><\/thead> CAD to MXN<\/td> 13.4951<\/td> 0.71%<\/td><\/tr> CAD to PHP<\/td> 41.31267<\/td> 0.28%<\/td><\/tr> CAD to INR<\/td> 63.6274<\/td> 1.02%<\/td><\/tr><\/tbody><\/table> How long does a Paysend money transfer take?<\/h3>
What currencies can customers send with Paysend?<\/h3>
Paysend reviews<\/h3>
Is Paysend safe?<\/h3>
What payment methods does Paysend accept?<\/h3>
What delivery methods does Paysend offer?<\/h3>
What customers need to send money online through Paysend?<\/h3>
Paysend sending limits<\/h3>
How to make a first-time transfer with Paysend<\/h3>
My experience with signing up<\/h4>
How to track a Paysend transfer<\/h3>
Is there a Paysend app?<\/h3>
<\/p><\/div>Ratings collected on July 22, 2025<\/th> <\/th><\/tr><\/thead> Google Play Store<\/strong><\/td> 4.7 out of 5, based on 133,000+ customer reviews<\/td><\/tr> Apple App Store<\/strong><\/td> 4.8 out of 5, based on 21,000+ customer reviews<\/td><\/tr><\/tbody><\/table><\/div><\/div>