Can Canadians send money to businesses using Remitly?

Canadian companies can use Remitly Business to send international payments to overseas vendors, contractors, and partners. The platform supports international payments to over 170 countries in more than 100 currencies¹, with multiple delivery options.

This guide explains how Remitly Business works for Canadian companies, when it makes sense for business payments, and which alternatives may suit more complex or recurring needs, such as Wise.

Can I use Remitly to pay a business directly?

Canadian companies can pay other businesses directly using Remitly Business.² The service is built for international business payments, allowing Canadian senders to pay overseas suppliers, partners, contractors, and service providers in their local currency. Payments can be sent as one-off transfers or as part of regular business operations, without the recipient needing a Remitly account.

Understanding Remitly for business transactions

Remitly Business takes what Remitly already offers consumers and applies it to business payments. Canadian companies use a dedicated business profile to send trackable international payments to partners, contractors, and suppliers abroad, without the complexity of traditional wire transfers. It's designed for small and growing businesses that want a simpler alternative to traditional wire transfers.

Remitly business payments: what you need to know

Remitly Business has a wide global reach and flexible delivery options, including:

• **170+ countries supported:**¹ Canadian businesses can send payments to companies across North America, Europe, Asia, Africa, and Latin America.
• **100+ currencies available:**¹ Payments are delivered in the recipient's local currency, helping suppliers or partners avoid forced conversions on arrival.
• Multiple delivery methods: Depending on the destination, funds can be delivered by bank deposit, mobile wallet, debit card deposit, cash pickup, or home delivery.

How Canadian businesses can send money using Remitly

To send business payments from Canada, companies will need to create a Remitly Business account rather than using a personal profile. Registration requires basic information about both the business and its owners or directors.

Canadian companies should be prepared to provide:

• Legal business name, structure, and registered address
• Business activity details and a reason for sending international payments
• Ownership information, including roles and ownership stake
• Personal details for owners or directors, such as government-issued ID, date of birth, and contact information

Once approved, businesses can fund transfers from Canada and send payments through Remitly's online dashboard.

Using Remitly for business transfers: key considerations

Remitly Business works well for several common business payment scenarios, but is best suited to:

Contractors and freelancers: Remitly is commonly used to pay international contractors or freelancers who prefer receiving funds in their local currency or through non-bank options such as mobile wallets or cash pickup.

Invoice payments: Canadian businesses can use Remitly to settle invoices from overseas suppliers or service providers. Payments are sent as individual transfers, with fees and exchange rates shown before confirmation.

Payroll: For businesses with small international teams, Remitly can support payroll-style payments to employees abroad. Payments are typically sent one by one rather than as bulk payroll files, which is important to factor in for larger teams or frequent pay runs.

Taken together, this gives a clearer picture of when Remitly Business works well, and when a more automated, high-volume platform may be a better option.

Steps to pay a company with Remitly from Canada

Paying a business with Remitly Business is straightforward once your account is approved.

1. Sign in to your Remitly Business account: Use your business email and credentials. Personal and business accounts must remain separate.
2. Choose the destination country and amount: Enter how much you want to send and select the recipient's country. Remitly shows available currencies and delivery options for that route.
3. Add the business recipient: Provide the company's name and required payout details. Depending on location, this may include bank details, mobile wallet information, or another supported delivery method.
4. Review fees and exchange rate: All costs and the exchange rate are shown before you confirm, so you know the total upfront.
5. Fund and send the transfer: Confirm the payment. Recipients do not need a Remitly account to receive funds.

Remitly business sending limits and requirements

Before sending payments, businesses using Remitly Business need to complete standard verification checks and work within set sending limits.

Verification documents

When setting up or using a Remitly Business account, Canadian companies may be asked to provide identification and business details, such as government-issued photo ID for owners or directors, business registration information and structure, and ownership details such as roles and percentages. In some cases, Remitly may request additional documentation as part of ongoing compliance reviews.

Transfer limits

Transfer limits are not fixed and depend on several factors, including the destination country, how it is delivered, and the level of account verification completed. Limits may change over time as your business continues to use Remitly and completes further checks.

How to pay an invoice to a company with Remitly

If you're a Canadian business owner paying overseas suppliers or service providers, you can use Remitly Business to settle international invoices quickly and securely. After signing in to your Remitly Business account, simply add the recipient's details and enter the invoice amount. You'll then choose the destination country, and delivery method.

Before sending, Remitly shows the exchange rate, fees, and delivery estimate, so you can confirm the full cost upfront. Once sent, the payment is delivered in the recipient's local currency using the payout options available in that country. Invoices are paid as individual transfers, which makes Remitly suitable for straightforward invoice payments rather than automated or bulk billing.

Remitly Business features for Canadian businesses

Alternatives to Remitly for business payments

Wise

For Canadian businesses that need more flexibility in how they send and receive international payments, Wise offers a more complete service than transfer-only services. Businesses can make B2B payments using Wise Business, while C2B payments are also possible with a Wise account, making it easier to manage money moving in both directions.

Wise Business centres on a multi-currency account that lets companies hold, send, and receive money in 40+ currencies from one place. Local account details in 8+ including US routing numbers and EU IBANs, allow international clients or partners to pay a business as if it were local, which can help reduce delays and extra banking fees.

Currency conversions use the mid-market exchange rate, with fees shown separately and upfront. For businesses handling regular payouts, Wise supports batch payments for paying up to 1,000 contacts at once³, including suppliers, contractors, and team members, along with automated invoice payments and accounting integrations that help reduce manual admin as operations scale.

Other business payment options

PayPal Business

Allowing customers to pay from 200+ global markets in 130 currencies⁴, PayPal makes the most sense when getting paid is part of the job. Card payments and PayPal wallets can be added to checkout, which suits ecommerce, invoices paid by card, and international customers who want familiar payment options. Paying suppliers through PayPal can work too, but cross-border costs often stack up once commercial transaction fees and currency conversion margins come into play.

OFX

With coverage across more than 170 countries⁵, OFX targets businesses that need a more structured setup for international payments and currency conversion. The Global Business Account supports multi-currency activity and international payments, allowing you to receive, hold, and spend in 30+ currencies⁶, with added workflow tools depending on the plan. Exchange rates are quoted as an OFX customer rate, so the rate you receive may include a margin rather than the mid-market rate. Pricing and features vary by package, which makes it a better fit for teams that want controls and automation in one platform.

Wire transfers

Wires are still used for international business payments, usually when a supplier requires SWIFT or internal policies favour traditional bank transfers. Expect less predictability on total cost, since fees can be charged by the sending bank, the receiving bank, or intermediary banks along the route.

Exchange rates likely include a markup, making them potentially less competitive than specialist providers, and payment tracking or reconciliation can take more effort than modern platforms.

Comparing business payment services for Canadian companies

Frequently asked questions about Remitly business payments

Can I use my personal Remitly account for business payments?

No. Business payments should be sent through a Remitly Business account rather than a personal Remitly profile. Personal accounts are intended for individual transfers and don't support business use cases or compliance requirements. Canadian companies need a dedicated business account to pay suppliers, contractors, or other businesses.

Does Remitly charge different fees for business transfers?

Remitly doesn't publish a separate public fee schedule for business transfers. Costs vary based on the destination country, payout method, funding source, and transfer amount. Fees and exchange rates are always shown before you send, so businesses can review the total cost upfront.

How long do Remitly business transfers take?

Transfer times depend on the destination and delivery method selected. Many business payments arrive within minutes or up to one hour², though some routes may take longer. Additional verification or compliance checks can affect delivery times in certain cases.

What documents do I need for a Remitly Business account?

Canadian businesses are usually asked to provide identification and registration details during setup. This can include government-issued photo ID for owners or directors, business registration information, ownership structure, and contact details. Remitly may also request additional documents as part of ongoing verification or compliance reviews.

Can I send recurring payments to vendors with Remitly?

Remitly Business supports repeat payments, but transfers are sent individually rather than through automated or batch payment tools. This can work well for smaller volumes, while businesses making frequent or high-volume payments may prefer platforms built with automation in mind.

Conclusion

Remitly Business offers Canadian companies a simple way to pay overseas suppliers, contractors, and partners, supported by wide country coverage and flexible payout options.

It suits businesses making occasional international payments where speed and local delivery methods matter.

Businesses handling cross-border payments more regularly, or dealing with larger amounts and incoming international payments, may need a service with more flexibility. Alternatives like Wise offer greater control through multi-currency accounts, local receiving details, and tools that support more efficient payment workflows. Comparing costs and how each platform fits into your existing processes can help you choose a solution that scales with your business.

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Sources:

1. Business payments – Remitly Canada
2. International Business Payments from Canada – Remitly Business
3. Grow with the international business account – Wise Business
4. Payments processing solutions for all business – PayPal CA
5. OFX – OFX
6. Global Business Account – OFX
7. Wise Business fees & pricing – Wise
8. Fees – PayPal CA

Sources verified on 24 March 2026