Cheap, easy way to send money from Canada to USA (CAD to USD)?
I live in Canada and only have CAD. My friend lives in the US and only uses USD. I owe him about CAD $500. I've never had to send money across the border this way, while exchanging CAD to USD. Mailing him a money order seems like a big hassle. I'm wondering about PayPal, Hyper Wallet or Interac Email for this situation, but I'd appreciate advice on how to do so.
Thanks in advance.
UPDATE: I ended up using PayPal. Since there was a currency exchange involved (CAD->USD), there was an additional fee of $10, but it took all of 4 minutes to sort out, without leaving the house. By far the easiest method I'm aware of, given that both parties already had PayPal accounts. Thanks for the info.
Thanks in advance.
UPDATE: I ended up using PayPal. Since there was a currency exchange involved (CAD->USD), there was an additional fee of $10, but it took all of 4 minutes to sort out, without leaving the house. By far the easiest method I'm aware of, given that both parties already had PayPal accounts. Thanks for the info.