World Money Pay - Online Currency Exchange Canada

World Money Pay® – Trusted FINTRAC-Regulated MSB licenced to offer 100+ foreign currencies with the best currency exchange rates and the safest money transfers across the world.

Welcome to World Money Pay’s website.  If you continue to browse and use this website, you are agreeing to comply with and be bound by the following terms and conditions of use, which govern World Money Pay’s relationship with you in relation to this website. If you disagree with any part of these terms and conditions, please do not use our website.

World Money Pay is a company incorporated under the laws of Canada under corporation number 9813837 Canada Corp. and having its registered office at 1200 Bay Street, Suite 202, Toronto, Ontario, M5R 2A5 Canada. The use of this website is subject to the following terms of use:

World Money Pay Content

This website contains material which is owned by or licensed to us. This material includes, but is not limited to, the design, layout, look, appearance and graphics. Reproduction is prohibited other than in accordance with the copyright notice, which forms part of these terms and conditions.

All trademarks reproduced in this website, which are not the property of, or licensed to the operator, are acknowledged on the website.

You are prohibited from reproducing or distributing in whole or in part any of the material found on this website unless expressly permitted.

Unauthorized use of this website may give rise to a claim for damages and/or be a criminal offence.

Links to other websites

In some cases, we may provide links to third party websites for your convenience or to provide further information. We endeavour to select the most appropriate websites to link with; however, we do not control the content of their websites, do not endorse them and cannot accept liability for the content, product offerings or the availability of those linked websites.


The provisions of this section should be read carefully as they exclude or limit our legal liability in connection with your use of this website.

Nothing in these terms and conditions shall exclude, limit or restrict our duties and liabilities to customers in accordance with their statutory rights.

While we have taken all reasonable steps to ensure the accuracy and completeness of the content of the website, we exclude any warranties, undertakings or representations (either express or implied) to the full extent permitted under applicable law, that the website or (including without limitation) all or any part of the content or materials, accuracy, availability or completeness of the content of the website or any part of the content or materials are appropriate or available for use either in Canada or in other jurisdictions. If you use this website from other jurisdictions, you are responsible for compliance with applicable local laws.

We accept no liability in contract, tort, negligence, statutory duty or otherwise (to the maximum extent permitted by applicable law) arising out of the use of or access to this website (which includes without limitation) any errors or omissions contained in this website or if the website is unavailable and we shall not be liable for any direct or indirect:

  • Economic losses (including without limitation loss of revenues, data, profits, contracts, use, opportunity, business or anticipated savings);
  • Loss of goodwill or reputation; special, incidental or consequential loss or damage, suffered or incurred arising out of or in connection with your use of this website and these terms and conditions.

Access to and use of this website is at the user’s own risk and we do not warrant that the use of this website or any material downloaded from it will not cause damage to any property, or otherwise minimize or eliminate the inherent risks of the internet including but not limited to loss of data, computer virus infection, spyware, malicious software, trojans and worms. Also, we accept no liability in respect of losses or damages arising out of changes made to the content of this website by unauthorized third parties.

To provide increased value to users of this website, we may provide links to other websites or resources for you to access at your sole discretion. You acknowledge and agree that, as you have chosen to enter the linked website we are not responsible for the availability of such external sites or resources, and do not review or endorse and shall not be responsible or liable, directly or indirectly, for:

(i) the privacy practices of such websites,

(ii) the content of such websites, including (without limitation) any advertising, content, products, goods or other materials or services on or available from such websites or resources,

(iii) the use that others make of these websites or resources, and / or

(iv) any damage, loss or offence caused or alleged to be caused by, or in connection with, the use of or reliance on any such advertising, content, products, goods or other materials or services available on such external websites or resources.


We are unable to guarantee the confidentiality or security of any data passing via this website. Accordingly, your use of this website is at your own risk.


This website and your use of it will be governed by the laws of Canada and in the event of a dispute arising between us, the courts of Canada will have exclusive jurisdiction in resolving that dispute. The pages on this website comply with relevant Canadian legislation and regulations and are intended only to be used by people in Canada.

Changes to our terms of use

We may change these terms of use at any time and will display only the current version on our website. If you access our website or use our online quotation service after we have changed these conditions, you will be accepting the changed versions.

This Agreement (the “Agreement”) is a legal contract between you and World Money Pay. The Agreement applies to your use of World Money Pay’s services (our “Services”).

When placing an order to use our Services you must agree with all the terms and conditions enclosed in this Agreement. This includes entering into an ongoing service agreement with World Money Pay. Please read carefully and make sure that you understand it completely before using our Services. If you do not accept this Agreement, we will be unable to provide our Services to you.


  1. Agreement” means to this agreement including all subsequent amendments.
  2. Business Days” means to the days of Monday to Friday (exempt of Saturday and Sunday) that banks in Canada are open for business.
  3. User”, “you” or “your” means you and any other person entering into this Agreement with us or using our Service.
  4. Exchange Rate Spread” means the difference in buying and selling price of currencies.
  5. Mid-Market Rate” means the mid-point between the bid and offer rates when buying or selling currency.
  6. Exchange Date” means the date which you chose as the conversion date; the date you wish to deposit your money to us.
  7. Payment Instructions” means the instructions that you will give to your bank in order to transfer money into our account.
  8. Premium” means an extra charge to be paid in addition to the cost of an item.
  9. CAD” means Canadian Dollars.
  10. World Money Pay” means the operating name of 9813837 Canada Corp., a corporation registered federally with the Canadian Government.
  11. Entity” means the business that the User is sending money on behalf of.
  12. FINTRAC” or “Regulators” means the Financial Transactions and Reports Analysis Centre of Canada and is the governing body that we answer to.

Ongoing Service Agreement

In order to use our Services, the Entity must enter into an ongoing service agreement with us and this is done by accepting the terms of this Agreement. This protects you from having to continually submit information about yourself and information about the Entity you are sending the money of behalf of.

Entity Information

In order to satisfy our regulators, we are required to collect the Entity’s name, address and nature of it’s main business. This information is kept during account registration.

Employee Information

FINTRAC requires us to record the name, address and date of birth of each employee authorized to do transactions on the account. This information is kept during account registration on the user.

Signing Party

The user who accepts the terms of this Agreement will be recorded as an individual who signed the Ongoing Service Agreement on behalf of the organization.

Third Party Obligation Clarification

We are required to ask for the user’s involvement in the entity and if the user chooses owner or director the Entity is not considered to be a third party, but the user is acting as the Entity itself. Should the user choose any other option as their occupation at the Entity then the Entity is the third party in the transaction and the user is taking orders on behalf of the Entity.

Relationship Between Us

Type of Business

World Money Pay is a web application that provides international payment and currency exchange services to businesses in Canada.

World Money Pay’s Services are operated 9813837 Canada Corp. registered in Ontario, Canada.  Our office is located at 2nd Floor 1200 Bay St, Toronto, ON, M5R 2A5. World Money Pay is registered as a money service business through the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), which is the governing body in Canada.

Creating Multiple Accounts

World Money Pay may decline the opening of multiple accounts due to security reasons. World Money Pay reserves the right to close or merge any accounts that are from the same client without notification. This is to ensure that we can provide the best possible service by tracking your account data.


Protecting your information is very important to World Money Pay. All your information given to us is stored on our servers in encrypted form, this includes: passwords, personal information, account details, transaction history. This information is not disclosed except for certain payment information to our bank when giving your Payment Instructions in accordance with FINTRAC’s regulations.

All information between your browser and World Money Pay’s website is transferred in encrypted form using SSL. Although this is highly secure we ask that you please validate the World Money Pay.com certificate using your browser.

Please refer to World Money Pay’s Privacy Policy found at https://www.worldmoneypay.com/privacy-policy


The history of your account can be found in the My Account section of our website. This allows you to track all the orders you have submitted and the details of your pending transactions.

Use of Our Service

Exchange Rates

World Money Pay offers our customers the exact mid-market currency exchange rate you see online. We do not have any control over where currency exchange rates are moving.

There are no currency exchange fees involved in using our Services, we receive our revenue by charging a highly transparent 1% of total converted currency.

Bank Transfers

All payments are subject to possible fees when it comes to making international transfers. These fees are embedded into the 1% total cost that you are paying.

All transfers must include currency being exchanged for another in order to send money.

Bank Deposits

If you would like to cancel your order you can do so at any time without penalty as long as the money is still in our bank account. If we have already sent out the money then the money transfer will not be stopped. If your payment is cancelled or refused for any reason, and you have already deposited the money, we will return your deposit to your bank account.

Refused Transactions

World Money Pay may refuse your transaction without reason due to regulations in Canada and in accordance with Canadian Laws.

Payment Limits

We ask that a minimum order of $5,000 be sent at one time and there is no maximum.


World Money Pay reserves the right to investigate and report to the authorities if any user tries to use our Services in an unlawful manner. Laws in Canada give us certain duties that are necessary to prevent money laundering and terrorist financing activities.


Third Party Services

You acknowledge and agree that World Money Pay uses a third party bank to facilitate our Services and that any delay or loss of payment can be the result of this third party bank. World Money Pay is not responsible and will not be liable for paying any compensation to the user in result of a mistake made by the third party bank.

You acknowledge and agree that World Money Pay may use another third party partner to help in using our Services and you must read and agree to our third party partner’s terms and conditions in addition to World Money Pay’s terms and conditions.

Events Beyond Our Control

World Money Pay is not liable for any loss of payment, failure or delay in our Services when events that are not within our control cause this disruption.


This Agreement is governed by the laws of Ontario, Canada. You submit the jurisdiction of the Courts of Ontario, Canada.


By accepting these terms and conditions you agree that any communication required to be sent to you can be submitted by the email you have given us. We are not liable to any complications during a transaction when you have sent us the wrong email address.

Alterations to Our Website

World Money Pay reserves the right to change the terms and conditions at any point in time and is only required to send you notice through the email you have supplied us in your customer account.

Online Currency Exchange Canada


Canada sends over $30 billion in remittances worldwide every year.

Country Rank volume percentage of Total Remittances Sent from Canada
China 1 $5,387,225,438 17%
France 4 $1,685,755,792 5%
Germany 8 $1,052,950,815 3%
India 2 $3,739,767,801 12%
Italy 5 $1,393,745,585 4%
Lebanon 7 $1,108,807,017 3%
Philippines 3 $3,080,379,015 10%
United Kingdom 10 $739,213,877 2%
United States 9 $860,574,646 3%
Vietnam 6 $1,238,597,075 4%

Currency Exchange Canada

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Currency Exchange Canada

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Online Currency Exchange Canada

World Money Pay® - foreign exchange, international remittance & payments. Buy & Sell Foreign Currency. MSB Registration Number #M18879370.Top 10 remittance recipients in 2015 ($US billions): India ($72.2bn), China ($63.9bn), the Philippines ($29.7bn), Mexico ($25.7bn), Nigeria ($20.8bn), the Arab Republic of Egypt ($20.4bn), Pakistan ($20.1bn), Bangladesh ($15.8bn), Vietnam ($12.3bn), Indonesia ($10.5bn)

Online Currency Exchange Canada