Screening before money moves
Transactions are subject to checks appropriate to a regulated money-services business.
Trust Centre
Fraud prevention
How Paysavo works to prevent fraud, and how to recognise the scams that target money transfers.
What applies to you depends on your account type, verification status and jurisdiction.
Our commitments
Verification gates sensitive actions
Identity and business verification apply to eligible services and vary by jurisdiction.
We act on reports
Reports of suspected fraud are investigated and acted on.
How it works in practice
Know who you are paying
Be cautious of anyone you have not met asking for money — pressure and urgency are the classic signs of a scam.
Question too-good-to-be-true offers
Prize, romance, investment and job-fee scams all end the same way: someone you do not really know asking you to send money.
Report it fast
If you believe you have been targeted, contact support immediately — speed matters.
Where this information comes from
This page describes how Paysavo operates today. The entity and registration statements below are the approved wording; where a detail depends on your account, the applicable terms are shown to you in the product before you act.
Operated by Elite Integrity Investment Group Ltd.
Paysavo is registered as a Money Services Business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). MSB Registration No.: M23004799.
Paysavo is registered with the Bank of Canada as a Payment Service Provider under the Retail Payment Activities Act (RPAA).
Paysavo is a financial technology company, not a bank. Banking, payment, custody, or settlement services may be provided through regulated partner financial institutions where applicable.
If anything here is unclear, contact our support team and they can confirm what applies to your account.
Built for trust
Your money is held with care
Paysavo applies operational and security controls appropriate to a regulated money-services business.
You see the cost before you confirm
The rate and any fee are shown at quote time. Nothing is charged until you approve.
Verification protects your account
Identity and business verification apply to eligible services, and vary by jurisdiction.
Availability depends on your account type, verification status and jurisdiction.
Questions
Someone asked me to pay a fee to receive money. Is that real?
Almost certainly not. Being asked to pay in order to receive money is one of the most common scam patterns. Do not pay, and report it.
Can Paysavo recover money I sent to a scammer?
Recovery is not always possible, which is why prevention matters. Report it immediately — the sooner it is reported, the more options exist.
How does Paysavo spot fraud?
Through transaction checks and verification steps appropriate to a regulated money-services business. The details are not published, because scammers read pages like this too.
Open a Paysavo account
Hold multiple currencies, send and receive internationally, and pay from one account.