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For you international buyers, how do you like to send funds?
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<p>[QUOTE="Stork, post: 7433298, member: 71642"]None at all. </p><p><br /></p><p>Basically it's a way of doing a wire transfer with all the implicit trust that would require. But using an easier interface and lower (and more transparent) costs. Paypal has something called Xoom for international transfers which is kind of the same idea, but isn't much of a bargain. </p><p><br /></p><p>I'm only using it in lieu of where I would do a wire transfer--which would be a well known auction house or possibly a dealer if they were someone super reliable. Really it's for auctions.</p><p><br /></p><p>As for wire transfers go to your bank/credit union's web page and look for the instructions. Basically they take the bank information (and the auction houses provide it) including all the codes, and at least for mine, I verbally give them the amounts and the auction house's account information. Confirm several times and then they do a direct transfer from your account to theirs. Lots of double checking to make sure no errors. Fees are involved and currency exchange rates.</p><p><br /></p><p>Deciding which is more cost effective between PayPal and the wire generally depends on how much I'm spending. 3% paypal vs. flat fees, and whatever rate they are using. If I'm spendy it's the wire, which doesn't happen often. But finding a better option is what I'm after. Wise seems like a viable option. Cheaper and easier than literally phoning up my credit union and making a 20 minute phone call.[/QUOTE]</p><p><br /></p>
[QUOTE="Stork, post: 7433298, member: 71642"]None at all. Basically it's a way of doing a wire transfer with all the implicit trust that would require. But using an easier interface and lower (and more transparent) costs. Paypal has something called Xoom for international transfers which is kind of the same idea, but isn't much of a bargain. I'm only using it in lieu of where I would do a wire transfer--which would be a well known auction house or possibly a dealer if they were someone super reliable. Really it's for auctions. As for wire transfers go to your bank/credit union's web page and look for the instructions. Basically they take the bank information (and the auction houses provide it) including all the codes, and at least for mine, I verbally give them the amounts and the auction house's account information. Confirm several times and then they do a direct transfer from your account to theirs. Lots of double checking to make sure no errors. Fees are involved and currency exchange rates. Deciding which is more cost effective between PayPal and the wire generally depends on how much I'm spending. 3% paypal vs. flat fees, and whatever rate they are using. If I'm spendy it's the wire, which doesn't happen often. But finding a better option is what I'm after. Wise seems like a viable option. Cheaper and easier than literally phoning up my credit union and making a 20 minute phone call.[/QUOTE]
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For you international buyers, how do you like to send funds?
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