I purchased some merchandise for a friend who lives in Canada. She wants to pay me for these items. What is the best way for her to do this?
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There are so many ways to transfer money from Canada to US, so the only problem choosing the most reliable, cheap, and fast way.
- Services: Western Union, MoneyGram . Fast, but service fee is too high. Better to avoid.
- Wire transfer. several days, fee depending on bank
- money order or bank draft (fee depending on bank)
- personal check (can be kept on hold in receiving bank)
- cash in envelope (if amount is not big (
- paypal. If you both have account there it's free, only conversion rate is not best. But anyway I think it's best choice.
PS: Interac e-Transfer is unfortunately only available inside Canada. I know nothing about XE.com, so I can't recommend it. There should be other ways to transfer money.
Alexan
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