Selling via bank transfer in europe

[andytoad]

Just a quick question all,
I may be about to sell an item within Europe via bank transfer.

Aside from waiting 24 hours once the credit has been recieved into my account, is there anything else I need to ensure? Are there any different rules/abilities in recalling the credit by a European bank (as I understand U.K to U.K. transfers are pretty final)?

Thanks in advance..

[Chiliwailer]

Not sure about the rules tbh, but I once spoke to my bank about it and they said it'd be safe. When I've done it, it takes 3-4 days to clear. Last time it took more, perhaps due to a bank holiday in Italy. Maybe there is a new 24 hour service I wasn't aware of?

[Thunderbird]

Also bear in mind that the bank will most likely charge you for a payment from abroad

[Grangur]

Beware of bank charges when transferring to European accounts. I know my company used to pay £25 in charges to Poland

[andytoad]

Thanks all for the responses, best wait and see if I have a sale then!

[scoot]

Have you checked out [url="https://transferwise.com"]https://transferwise.com[/url] ? I bought my Maruscszyk using it and found it dead easy and cheap

[Paul S]

^^This^^ I used it recently and it is definitely dead easy, efficient and cheap.

[warwickhunt]

Used Transferwise (was sceptical at first) and it was as easy as a bank transfer but way cheaper than bank charges.

[Dood]

Transferwise user here too. Cheaper and safer than PayPal.

[the boy]

+1 for TransferWise. I send money quite frequently with them. Never any problems.

Edited April 18, 2017 by the boy

[Dood]

I always thought I was really late to the party when it came to Transferwise, so I never really mentioned it before. Surprised at how many people are still fighting with Paypal and excessive bank transfer charges when buying and selling in Europe. (Careful not to mention the B word and 'it can only get worse' etc etc)

[fleabag]

[quote name='warwickhunt' timestamp='1492245304' post='3278890']
Used Transferwise (was sceptical at first) and it was as easy as a bank transfer but way cheaper than bank charges.
[/quote]

I can concur.

I bought an amp from Germany, and they insisted on Euros. Paypal fees or bank charges totted up to around £30 -ish

Transferwise charges amounted to £2.50. The problem was getting the german company to accept that as payment. They did in the end, but they must have figured that they might get scammed, because they hadn't heard of Transferwise

Anyway, i'd use them again at the drop of a hat

Edited April 18, 2017 by fleabag