Saturday, 10 September 2011
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What is the safest way to sell an instrument to an overseas buyer? Is a bank transfer a good way to receive payment? Thanks, DS
10 years ago
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#21570
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I'm not Sheldon, but when I bought my ABZ from Bass Central (Florida), I payed using PayPal. (I live in South America)
10 years ago
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#21577
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You could try an EMT (e-mail money transfer) but there are restrictions on sending these internationally, so it may not be the best option. Wire transfers work, but they are complicated (I find) and expensive. Not sure about any issues with money orders, checks.
10 years ago
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#21578
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If you have a PayPal account you can send a money request to the buyer. they don't need to have an account and as soon as they pay the money is yours. Paypal will also tell you when it has cleared and is safe to ship.
10 years ago
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#21579
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I'm German; so I am an overseas buyer. I bought several basses from overseas in the last years. The safest way for you is in fact a bank transfer, cause once done it can't be canceled by me. I must pay fees for an overseas transaction, and I need many data: Full name and adress, bank account, name and adress of the bank. PayPal is safe too, but I guess you would have to pay fees?
10 years ago
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#21609
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deep Dee sums it up.
10 years ago
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#21612
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There is of course a cheeky way not to pay PayPal fees and that is if the person that pays you makes sure to follow this payment procedure, which is "payment as gift" [img:33jvgqen]http://i144.photobucket.com/albums/r200/xt660/DNA%20Quotes/gift-1.jpg[/img:33jvgqen] And that is thanks to the fact that Paypal allows you to send money to a friend or loved one as a gift, understanding that it is not a sale and therefore you are not going to be taxed. But don't tell paypal I told you about this... schhhhh ;)
10 years ago
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#21614
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Paypal profiles your "gift transfers" such that unless you're using paypal regularly to pay for normal stuff, you'll find your ability to gift money comes to a halt PDQ :-)
10 years ago
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#21615
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[quote="markstuk":fjukq92u]Paypal profiles your "gift transfers" such that unless you're using paypal regularly to pay for normal stuff, you'll find your ability to gift money comes to a halt PDQ :-)[/quote:fjukq92u] Mark have you actually had that happening to you? In the last 4 years of practising "safe PayPal" i.e. regularly "gifting" and being "gifted" I have never had that happening to me.
10 years ago
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#21617
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By gifting there is also no recourse to get your money back (or even part of it) if what you get isn't right. Let the buyer beware.
10 years ago
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#21619
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[quote="NaH":3dznqobr]By gifting there is also no recourse to get your money back (or even part of it) if what you get isn't right. Let the buyer beware.[/quote:3dznqobr] This much is true and I only use it with people I know, I should have mentioned. No good with total strangers.
10 years ago
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#21642
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Made a wire transfer to the US yesterday. I'm charged with 34,00 Euros (about $47) by my bank for the transfer.
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