How to Transfer Money From China to Canada

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Thanks to e-commerce, sending money from China to Canada has become a lot easier than it used to be. Money-transfer companies such as PayPal, MoneyGram and Western Union allow you to send money at reasonable rates. These companies allow you to determine the money transfer fee using their fee calculator tools. In this way, you will be able to pick the most economical option for transferring funds from China to Canada.

Through PayPal

  • Register for a new account on PayPal website. You can find the registration form in the "Resources" section. If you already have an account, log in by entering your password and username.

  • Click the “Send Money” button on the homepage once you’ve logged into your account.

  • Enter the recipient’s email ID in the “To” field.

  • Enter the amount that you want to send as well as whether you want to send it in Yuan or Canadian dollars.

  • Click “Continue” on the next page.

  • Review the information you entered. If everything is correct, click “Send Money.” The money will then be transferred to the recipient’s PayPal account. If he doesn’t already have an account, he will get an email notification asking him to sign up with PayPal.

Through MoneyGram/Western Union

  • Find the nearest agent location of MoneyGram or Western Union. You can find company agent offices in your local area on their websites.

  • Visit the agent office of the company you chose. Provide all the information regarding the recipient, including name and contact details.

  • Pay the transfer amount and transaction fee (you can calculate fees on the companies' websites). The agent will process the transaction and give you an Money Transfer Control Number (MTCN)/Reference number.

  • Share the reference number/MTCN with the recipient. Tell him to visit the nearest agent location of the company in Canada. Usually, the funds are available for pickup within 10 to 15 minutes of the transaction.

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References

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