DiceSociety Posted October 22, 2018 Share Posted October 22, 2018 Hi everyone, It's possible I my be selling an item or two to Basschat members in Europe; What does everyone think is the best way to transfer money in terms of being protected and avoiding charges/fees? Thanks in advance. Quote Link to comment Share on other sites More sharing options...
ped Posted October 22, 2018 Share Posted October 22, 2018 Transferwise is my choice. It’s excellent - cheap and really fast. In terms of being protected, just make sure you use fully insured shipping. Job done! P.S if the item is really expensive, consider a cheap flight and a 24hr break abroad. You can always meet at the airport 👍🏼 1 Quote Link to comment Share on other sites More sharing options...
DiceSociety Posted October 22, 2018 Author Share Posted October 22, 2018 Great, cheers Ped. 1 Quote Link to comment Share on other sites More sharing options...
fleabag Posted December 8, 2018 Share Posted December 8, 2018 Another Transfer wise user here. Couple of years ago, bought a £600 amp from Station music in Germany. Transferwise fee.... about £2.50+ ...... Paypal and banks wanted around £30+ At the moment, i'm debating on buying a pickup from the Netherlands, costing Euro 78 ( £ 71 ) Transferwise fee is just over £1. Paypal and banks around £14-£17 Quote Link to comment Share on other sites More sharing options...
warwickhunt Posted December 8, 2018 Share Posted December 8, 2018 Also used Transferwise with no hassle and WAY cheaper than PP or bank charges. Quote Link to comment Share on other sites More sharing options...
yorks5stringer Posted December 8, 2018 Share Posted December 8, 2018 Be good if we could pin this post, I'm bound to forget about Transferwise.... Quote Link to comment Share on other sites More sharing options...
Bill Fitzmaurice Posted December 8, 2018 Share Posted December 8, 2018 Does Transferwise offer seller protection? Quote Link to comment Share on other sites More sharing options...
warwickhunt Posted December 8, 2018 Share Posted December 8, 2018 Just now, Bill Fitzmaurice said: Does Transferwise offer seller protection? No buyer or seller protection. I's just a simple money transfer system. Quote Link to comment Share on other sites More sharing options...
fleabag Posted December 8, 2018 Share Posted December 8, 2018 Funded by your own bank account to whoever else's bank account, so there's a trail. Quote Link to comment Share on other sites More sharing options...
wateroftyne Posted December 8, 2018 Share Posted December 8, 2018 Another +1 for Transferwise. Quote Link to comment Share on other sites More sharing options...
Bill Fitzmaurice Posted December 8, 2018 Share Posted December 8, 2018 1 hour ago, warwickhunt said: No buyer or seller protection. I's just a simple money transfer system. So if you send money for gear and the gear never arrives or it's broken or not as described you're left dangling in the wind. I'd rather the piece of mind with PayPal. Quote Link to comment Share on other sites More sharing options...
warwickhunt Posted December 8, 2018 Share Posted December 8, 2018 1 minute ago, Bill Fitzmaurice said: So if you send money for gear and the gear never arrives or it's broken or not as described you're left dangling in the wind. I'd rather the piece of mind with PayPal. That's true but as someone who has fallen foul of unscrupulous buyers (not on BC) buying, paying PP then claiming money back as item wasn't as described (PP always find for the buyer), I'd not accept PP as a payment means! BTW in my case the item was returned to me but it WASN'T the item I posted to the buyer (I assume they had a broken one, bought mine and sent their broken one back) but I've heard of various ways that PP can be turned against a seller. 1 Quote Link to comment Share on other sites More sharing options...
Deedee Posted December 8, 2018 Share Posted December 8, 2018 56 minutes ago, warwickhunt said: That's true but as someone who has fallen foul of unscrupulous buyers (not on BC) buying, paying PP then claiming money back as item wasn't as described (PP always find for the buyer), I'd not accept PP as a payment means! BTW in my case the item was returned to me but it WASN'T the item I posted to the buyer (I assume they had a broken one, bought mine and sent their broken one back) but I've heard of various ways that PP can be turned against a seller. Ouch! That’s a shocker. Quote Link to comment Share on other sites More sharing options...
Jacqueslemac Posted December 9, 2018 Share Posted December 9, 2018 I split my time between England and France and am frequently transferring money. It's worth bearing in mind that some companies with low commission rates merely sting you with a bad exchange rate. My bank, for example, has a good rate but charges £25 per transfer, so it's only worth using when I'm transferring larger amounts. They all want to make money out of you! Quote Link to comment Share on other sites More sharing options...
warwickhunt Posted December 9, 2018 Share Posted December 9, 2018 34 minutes ago, Jacqueslemac said: I split my time between England and France and am frequently transferring money. It's worth bearing in mind that some companies with low commission rates merely sting you with a bad exchange rate. My bank, for example, has a good rate but charges £25 per transfer, so it's only worth using when I'm transferring larger amounts. They all want to make money out of you! Very true and when I first used Transferwise I was very wary and kept looking for the catch; they weren't making enough money out of my transfer and sadly that made me suspicious... we expect to be scr3wed when using fiscal institutions. Quote Link to comment Share on other sites More sharing options...
afterimage Posted December 10, 2018 Share Posted December 10, 2018 I have used TorFx in the past station music Germany for a Bergantino HDN 2x12 Quote Link to comment Share on other sites More sharing options...
Paddy515 Posted December 11, 2018 Share Posted December 11, 2018 Just been onto Barclays about this very matter. They will do a money transfer over the counter but will charge £30, or use my personal accounts internet banking tfacility through the international payments tab and its completely free!! Quote Link to comment Share on other sites More sharing options...
fleabag Posted December 11, 2018 Share Posted December 11, 2018 (edited) On 08/12/2018 at 20:25, Bill Fitzmaurice said: So if you send money for gear and the gear never arrives or it's broken or not as described you're left dangling in the wind. I'd rather the piece of mind with PayPal. Paypal are great for buyers but worse than useless for sellers - just read warwickhunt's post - but even then, someone ripped me off as a buyer and Paypal did nothing for 8 weeks. I eventually got my bank to refund me. Then Paypal decided they'd give me half the money back. Still not good enough, but since my bank coughed up, i actually refunded Paypal. Why you have so much trust in such a gang of cowboys as Paypal, is weird Transferwise are far more trustworthy. If the seller sends you a pile of poo, then i would contact my bank. Edited December 11, 2018 by fleabag Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.