Paylilo meets all compliance requirements for international money transfer regulations, including support, monitoring, transaction processing, authorization, performance, and connectivity, ensuring both the Company’s and, where applicable, the Client’s obligations are fulfilled.
The company is accountable for settling accounts with clients based on contractual agreements and its commitments to payment partners.
Service | Personal account |
Account opening fee | Free |
Monthly account maintenance | Free |
Transfers | |
Outgoing Bank Internationa | 0.2% + 5.00 CAD |
Additional Services | |
Transfer investigation | 70.00 CAD |
Payment cancelation / refund / chargeback | 100.00 CAD |
Currency exchange | 0.35% on live bank rates |
Account closure | |
Account closure by client request | 100.00 CAD |
Account closure by compliance reason | 500.00 CAD* |
The Company (or the payment partner, when applicable) performs currency exchange if needed, once funds are available, and transfers the money to the recipient's provided details, after deducting the Company’s fees.
Paylilo offers a service that enables clients to send both local and international money transfers directly to the recipient's account.
These transfers include domestic transactions within Canada as well as cross-border transfers.
Paylilo enables clients to initiate fund transfers through SWIFT payments and Interac e-Transfer.
SWIFT payments are international transfers sent via the SWIFT global payment network, one of the largest financial messaging systems in the world. With Paylilo, clients can send or receive select currencies using SWIFT.
Interac e-Transfer allows you to send money within Canada to individuals or businesses. All that’s required is an email address or a valid Canadian mobile number, along with an eligible bank account at a participating Canadian financial institution.