Unicorn Currencies
Unicorn Currencies
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SEND MONEYCANADA
CASUPPLIER PAYMENTS · CANADA

Send supplier payments to Canada with clearer proof and route context.

The work does not end when a payment is instructed. Finance teams need beneficiary accuracy, route context, payment evidence, reconciliation, and support when funds are delayed, reviewed, amended, recalled, traced, or received short.

£1M+ FX EXPOSURENAMED SPECIALISTPROOF AND RECONCILIATION
CANADA PAYMENT CONTROL FLOWPREPARING
INSTRUCTEDEFT · WIRE · SAME DAY
USD 128,400.00Beneficiary in Canada · invoice 4471 · charges shared
01
Beneficiary prepared
··
02
Route reviewed
03
Payment instructed
04
Proof captured
05
Follow-up handled
STATUS TRACKED
THE ROUTE

Pick the currency you pay from. See what the payment crosses.

Every hop is a bank that can hold the payment, ask a question, or take a charge on the way through.

ROUTE · USD→CADEFT · WIRE · SAME DAY · FX BEFORE THE RAIL
HOP 01Your accountInstruction raised against the invoice, with purpose, references and charge handling set before it leaves.YOU CONTROL THIS
HOP 02ConversionUSD converted at your pre-agreed FX margin, so the rate is known before the payment departs.RATE KNOWN UP FRONT
HOP 03Local rail (EFT · WIRE)The payment joins the domestic system and is credited like a local transfer, in CAD, in full.NO LIFTING FEES
HOP 04Beneficiary bankThe receiving bank in Canada applies the credit. Queries are rare on domestic rails and resolve against the local reference.CREDIT OR QUERY
CAD SETTLES ON EFT · WIRE. NO CORRESPONDENT CHAIN ON THE DOMESTIC LEG, SO NOTHING IS LIFTED BETWEEN INSTRUCTION AND CREDIT.
RECEIVED SHORT

"We sent the full invoice." "We were paid less."

Both are true. Charges lifted inside a correspondent chain are not disclosed to the sender at instruction, and your supplier's statement shows only what arrived. Without the chain reconstructed, the conversation has no evidence in it.

The sender sees the instruction. The supplier sees the credit. Nobody sees the middle.
Charge handling decides who absorbs a lifted fee, and it is set before the payment leaves.
Route evidence turns a disagreement into a reconciliation.
CHAIN RECONSTRUCTEDINVOICE 4471
INSTRUCTEDYour instruction against invoice 4471
128,400.00
USD CLEARINGCharge lifted in transit, not disclosed at instruction
-165.00
CORRESPONDENTSecond handler on the leg into Canada
-145.00
BENEFICIARY BANKReceiving charge applied on credit
-90.00
CREDITEDWhat your supplier's statement shows
128,000.00
UNEXPLAINED BEFORE REVIEWUSD 0.00
WHY CONTROL MATTERS

Four things decide whether a payment lands cleanly.

None of them is the instruction itself.

01Beneficiary accuracySupplier name, account details, bank identifiers, and currency must match what your Canada counterparty and their bank expect.MISMATCH · THE MOST COMMON DELAY
02Payment proofReferences, confirmations, and route evidence help when a supplier says funds have not arrived or the amount landed short.NO PROOF · NO RELEASE
03Route and release contextCorridor, provider arrangement, and receiving-bank handling affect whether funds are credited, held, or released.HELD FUNDS · GOODS WAIT
04Finance ownershipFinance teams need a clearer record from instruction through proof, exceptions, and reconciliation.NO OWNER · NO ANSWER
WORKFLOW

The supplier payment workflow.

Five stages, from the invoice on your desk to an outcome your ledger can close. Step through them.

STAGE 01

Supplier and invoice context.

Before payment, the business should know the supplier, invoice, amount, currency, payment purpose, expected value date, and release dependency.

WHAT FINANCE HOLDS
INVOICE4471
AMOUNTUSD 128,400.00
PURPOSEGOODS · TRADE
RELEASE DEPENDS ONPAYMENT PROOF
TIMING FACTORS

What can affect the timing or the amount received.

Ten factors sit between an instruction and a credited supplier. Each one moves the value date, the amount that lands, or both.

MOVES THE VALUE DATE
JurisdictionCompliance or document reviewBanking cut-off timesHolidays and time zones
MOVES THE AMOUNT
Charge handling and intermediary deductionsOne factor, and it is the one nobody sees until the supplier's statement disagrees with the invoice.
MOVES BOTH
CurrencyRouteProvider arrangementBeneficiary bankAccuracy of beneficiary, invoice, and reference information
WHERE UNICORN CURRENCIES FITS

Businesses with £1M+ equivalent annual FX exposure and recurring supplier flows.

£1M+ equivalent annual FX exposure.
Recurring international supplier payment flows.
A need for beneficiary context and payment proof.
Reconciliation clarity and human treasury support.
NOT BUILT FOR
×One-off personal transfers
×Retail remittance
×Domestic-only banking
×Casual wallet usage
×Occasional small FX conversions
QUESTIONS

What finance teams ask about Canada.

How long does a payment to Canada take?

CAD payments into Canada settle on EFT · WIRE — typically same day. The actual value date depends on cut-off times and any beneficiary-bank review.

Why did my supplier receive less than I sent?

On local rails there is no correspondent chain, so nothing is lifted between instruction and credit. Where a payment rides SWIFT instead, intermediary banks can deduct charges in transit; we reconstruct the chain and give your supplier route evidence showing where the difference arose.

What proof does my supplier get?

References, confirmation, and route evidence, kept clearer where available, so your counterparty and their bank can locate the credit rather than take your word for it.

What happens if the payment is held or reviewed?

A named specialist tells you what is being asked for, what to send, and when the review is expected to close. Held, amended, recalled, traced and short-paid outcomes are all recorded for follow-up.

What beneficiary details do you need?

Supplier name, account details, bank identifiers, currency, invoice, and payment purpose. These must match what your Canada counterparty and their bank expect, and mismatches are the most common cause of a delay.

Can I pay a supplier in Canada in CAD?

Yes. CAD is one of our five local account currencies, so suppliers in Canada are paid on EFT · WIRE domestically. Availability is confirmed for your business at onboarding review.

Are you regulated?

Unicorn Currencies Limited is registered in Canada with FINTRAC as a money services business and with the Bank of Canada as a payment service provider under the Retail Payment Activities Act. Accounts are subject to onboarding, due diligence, and ongoing compliance review.

WHY £1M+

Proof, status, and someone who owns the payment.

A named specialist reviews your Canada corridors, prepares the beneficiary and route, and stays with the payment through proof, exceptions, and reconciliation.

Accounts are subject to onboarding, due diligence, and ongoing compliance review.

RELATED PAGES
Unicorn Currencies Limited is registered with FINTRAC as a Money Services Business and with the Bank of Canada as a Payment Service Provider under the Retail Payment Activities Act. Where regulated payment services are required in a given jurisdiction, they are delivered through regulated partner arrangements. Verify us →