Payment on coins from overseas

We've had the good fortune of getting orders from overseas on not only US material but World material. A question coming up on some of these orders however is a request for our account information to send us payment via wire transfer. While this is a normal way of doing business on higher priced coins, we are unfamiliar with this method of payment for coins that are in the few thousand dollars each range and unfamiliar with giving our account to overseas buyers.
Anyone care to comment or share personal experiences, good or bad?
Thank you!
Anyone care to comment or share personal experiences, good or bad?
Thank you!
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
0
Comments
That is the payment method of choice for most Europeans. It is the normal way of doing business.
Any other ways are rather exceptional, to a European, in my experience (just got back from 20+ years in Germany...)
I see no downside at all to bank transfers - it isn't like they can draft on your account or anything like that (unless, of
course, you have a very stupid bank).
John
SFC, US Army (Ret.) 1974-1994
<< <i>Tom,
That is the payment method of choice for most Europeans. It is the normal way of doing business.
Any other ways are rather exceptional, to a European, in my experience (just got back from 20+ years in Germany...)
I see no downside at all to bank transfers - it isn't like they can draft on your account or anything like that (unless, of
course, you have a very stupid bank).
John >>
Stupid bank? Well
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Make sure you know how much your bank charges to accept wire transfers. At many US banks the fees are very high. >>
A fee to "accept" a wire??
They get us coming AND going?
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Joe
<< <i>
<< <i>Make sure you know how much your bank charges to accept wire transfers. At many US banks the fees are very high. >>
A fee to "accept" a wire??
They get us coming AND going?
About four years ago I accepted a foreign wire transfer for a $140.00 (non-coin) eBay sale. The bank charged me $20! Since that time my bank has been bought out (again) and I wouldn't be surprised if the current fee is well above that.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>where are the orders overseas coming from? >>
Australia
Hong Kong
Switzerland
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>
<< <i>where are the orders overseas coming from? >>
Australia
Hong Kong
Switzerland >>
I liked what johnsim03 said and for more safety what 08HALA20 suggests. Maybe your bank could set up an auto sweep of funds into a different account as deposits occur. Good to hear you are getting orders overseas.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
the_northern_trading_company
ace@airadv.net
<< <i>Can you get paid in EUROS LOL if your bank is going to charge you for the transfer? >>
Someone sent me Deutchmarks once. I wish I kept them, it was neat.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
It costs me, the payer, a very small fee to do it.
I have on many occasions, used this to pay someone in the US. On every occasion, the seller has clearly stated that I must pay in US dollars and assume the transfer costs. Here, there are optins for who pays for the transfer costs on both ends of the transaction.
I have no problem with accepting those terms, if I am aware of it in advance.
1-Dammit Boy Oct 14,2003
International Coins
"A work in progress"
Wayne
eBay registered name:
Hard_ Search (buyer/bidder, a small time seller)
e-mail: wayne.whatley@gmail.com
And you will have no recourse with a wire payment.
<< <i>Why complicate life with an overseas purchase like this?
And you will have no recourse with a wire payment. >>
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870