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#1 AdamKeith

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Posted 30 April 2009 - 10:44 AM

I have a offer for my EFP Package from a Operator in Sweden. I am in the USA. What is the best way to handle the payment?

Regards,
Adam Keith
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#2 Joseph Arena SOC

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Posted 30 April 2009 - 10:57 AM

Ask him to make you a wire transfer ,
you should give him the SWIFF Code and Routing number (wire routing number ) from your bank ,
make sure you ask your bank how much they will charge you for receiving it , so you can charge that as well.
It usually take 5 business days ....
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#3 Erwin Landau

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Posted 30 April 2009 - 05:10 PM

Ask him to make you a wire transfer ,
you should give him the SWIFF Code and Routing number (wire routing number ) from your bank ,
make sure you ask your bank how much they will charge you for receiving it , so you can charge that as well.
It usually take 5 business days ....



That is one way to go... The bank fees do vary between $25.- and $50.- per transaction and side... That means the person that sends it has to pay a fee as well as the receiving party... and it might not be available for immediate withdrawal... (The transfer for the bank is such a complicated process they have to make sure that the founds are real and checking you for terrorist activities... actually making another penny with that money as it's "floating" for up to a week and not being in either account... the poor banks have to make some extra money... you understand right?)

You can ask for a certified bank cheque (check). That is drawn in your currency and is basically cash, costs the purchaser to create (it's free if you are a Business account holder) and does not cost anything for the seller as it's just another check deposit. (Again the bank has to make sure that the check is real... actually making another penny with that money as it's "floating" for up to a week and not being in either account... the poor banks have to make some extra money... you understand right?)

Or Paypal. As long as you pay from account to account it's free. On bigger transfers (I think $3000.- plus) there will be a small fee, a couple of bucks if I remember right. (And again the money is floating for sometime... but at least it's cheap.)


But whatever you do, get the money first, make sure that it clears into your account (The Nigerian pansy scheme) before sending the equipment, be cautious about hand delivered checks from third parties. Know Your Buyer/Seller and verify address and make sure they are real before any transaction takes place. It's easier to track money than it is to track equipment in shipping...

Generally be a little more on your toes, if it goes over seas... either direction.


Just my 2 cents...
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#4 Brant S. Fagan SOC

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Posted 30 April 2009 - 08:19 PM

Adam--

You can also request funds through PayPal and charge the appropriate fee to cover the transfer, usually 4% will make you get all the money you agreed to in the deal.

Nice because you get your money quickly and the buyer can use a credit card and not worry about identity theft, too.

I use this system for the Antlers and the VLS brackets.
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#5 AdamKeith

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Posted 10 May 2009 - 04:48 PM

Thanks for the info.

I had the money wired into a new bank account that I set up just for that purpose. After the money cleared I transfered the money into my main account and closed the new account....just in case. There was a wire transfer fee.

I shipped the EFP to Sweden after the money cleared.

Thanks again
Adam Keith
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