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overseas coin transactions

I was wondering if any other US-based forum members have ever opened an account in a European or Asian bank or foreign US bank branch to facilitate overseas coin or other transactions? I'm sure this kind of question only makes sense at a certain level of sales...
I seem to run into frequent intenders who have no clue about Paypal, who claim money orders from their countries cost too much, etc., etc., please help me pay. I usually urge these folks to wrap US currency (where can I get US currency?; why at your bank of course
) etc., etc. ad nauseum. Now, these buyers will never make me rich but the observation generated a train of thought I'd like to satisfy.
Anybody got a system they want to share?
Is there a good US bank out there with overseas branches that you recommend?
I seem to run into frequent intenders who have no clue about Paypal, who claim money orders from their countries cost too much, etc., etc., please help me pay. I usually urge these folks to wrap US currency (where can I get US currency?; why at your bank of course

Anybody got a system they want to share?
Is there a good US bank out there with overseas branches that you recommend?
One of the penalties for refusing to participate in politics
is that you end up being governed by inferiors. – Plato
is that you end up being governed by inferiors. – Plato
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Comments
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
I was a bit wary at first, but had a very good experience with a Russian buyer to the tune of $500+ all done through Western Union. Worked like a charm.
1/2 Cents
U.S. Revenue Stamps
Thanks Don, I'll check them out.
I'd love to find a bank that would accept money from anywhere (other than Paypal of course, which I use and has been mostly good to me). I'd love to accept an electronic check from India or Columbia or Australia and gladly willing to pay a nominal electronic bank fee.
is that you end up being governed by inferiors. – Plato
Western Union has not been good to me. One payment of $20 ended up netting me $3.85 after fees? Don't ask...
Another WU payment went astray, this time for my son, who ships his signed prints worldwide (and now also uses paypal with great success).
I find that the quality of individual WU agents make or break their program.
is that you end up being governed by inferiors. – Plato
https://www.civitasgalleries.com
New coins listed monthly!
Josh Moran
CIVITAS Galleries, Ltd.
I don't have time to run through their website, but they may indeed offer the flexible of multiple currency receipts into a Everbank account.
What I do know is that they offer several different "baskets" of forex CDs and MMFs in which one can diversify (hedge) a falling USD.
<< <i>One payment of $20 ended up netting me $3.85 after fees? Don't ask... >>
Well, I'm gonna ask anyway.
Was the payment sent in a currency other than dollars, so you had to pay a conversion fee? As far as I knew there weren't fees to receive a WU transfer.
???
1/2 Cents
U.S. Revenue Stamps
No! Because of the additional IRS reporting requirements and the likelihood of an audit. The Patriot Act has some specifics for overseas bank accounts, and they ain't friendly.
FOR SALE Items
WU money orders are great for sellers but very costly for buyers.
myEbay
DPOTD 3
I believe you may have hit on it. The money was sent from Ireland and cost the buyer almost as much in fees as the print cost her.
is that you end up being governed by inferiors. – Plato
Conversely, I've also experienced as many as 41 days for personal checks from offshore banks to clear, with the so-called "bank drafts" taking as long as three weeks. I'm not talking eBay rules here, so I make it clear that while I love PayPal for its convenience, the buyer must agree to cover their fees up front.
Patriot Act disclosure requirements aren't that onerous...unless, of course, you're sending to or receiving from a known A.Q. front...the folks in my CU, who of course know me, just joked about that part of it.
Best to all!
Tom
Proud (but humbled) "You Suck" Designee, February 2010.