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iowegian 
Samba Curmudgeon
Joined: February 16, 2005
Posts: 9829
Location: Somewhere between Dubuque and Keokuk
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 Posted: Mon Apr 02, 2018 5:01 pm Post subject: "Transferwise" |
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| I have some Ghia bumper parts for sale, and a fellow in Belgium wants to pay using "Transferwise". I have not heard of this payment method before-----and neither has my banker. How does it work? (I have always used PayPal for European transactions in the past). |
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Keith
Samba Member
Joined: August 15, 2005
Posts: 3634
Location: Brodheadsville, PA
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| Posted: Mon Apr 02, 2018 5:28 pm Post subject: Re: "Transferwise" |
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Haven’t used it yet, heard of it. Here’s the info:
https://www.google.com/amp/s/www.forbes.com/sites/bishopjordan/2017/11/29/transferwise-review/amp/
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hitest
Samba Member
Joined: September 30, 2008
Posts: 10296
Location: Prime Meridian, ID
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| Posted: Tue Apr 03, 2018 9:29 am Post subject: Re: "Transferwise" |
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Have the buyer hand his cash to a friend and conduct the deal with his friend using different methods. I do this with a buddy since I don't use Paypal.
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| EverettB wrote: |
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c21darrel
Samba Member
Joined: January 22, 2009
Posts: 8211
Location: San Dimas
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crukab
Samba Chef
Joined: December 13, 2002
Posts: 6116
Location: Vermont
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| Posted: Tue Apr 03, 2018 1:30 pm Post subject: Re: "Transferwise" |
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| hitest wrote: |
| since I don't use Paypal. |
Yep.
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67ctbug
Samba Member
Joined: January 24, 2016
Posts: 3619
Location: CT
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| Posted: Tue Apr 03, 2018 1:56 pm Post subject: Re: "Transferwise" |
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What is the problem with paypal?
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c21darrel
Samba Member
Joined: January 22, 2009
Posts: 8211
Location: San Dimas
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iowegian
Samba Curmudgeon
Joined: February 16, 2005
Posts: 9829
Location: Somewhere between Dubuque and Keokuk
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| Posted: Tue Apr 03, 2018 5:08 pm Post subject: Re: "Transferwise" |
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| c21darrel wrote: |
| Elfried? LOL, asked me too. |
Small world, ain't it though? |
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iowegian
Samba Curmudgeon
Joined: February 16, 2005
Posts: 9829
Location: Somewhere between Dubuque and Keokuk
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| Posted: Wed Apr 11, 2018 3:03 pm Post subject: Re: "Transferwise" |
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UPDATE:
I took payment via "Transferwise". The funds were sent yesterday and posted directly into my bank account today, so it is slower than Paypal, but there are no fees on my end-------I got all of my money. The only negative, if there is one, is that I had to give them my bank routing number and my account number. But, what the heck, that info is printed right there on every check that I write anyway. |
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raygreenwood
Samba Member
Joined: November 24, 2008
Posts: 21510
Location: Oklahoma City
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| Posted: Wed Apr 11, 2018 6:16 pm Post subject: Re: "Transferwise" |
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| iowegian wrote: |
UPDATE:
I took payment via "Transferwise". The funds were sent yesterday and posted directly into my bank account today, so it is slower than Paypal, but there are no fees on my end-------I got all of my money. The only negative, if there is one, is that I had to give them my bank routing number and my account number. But, what the heck, that info is printed right there on every check that I write anyway. |
Its a wire transfer.
Its actually pretty hard for them to do anything else with your account other than put money into your account....but even that could be dangerous.... ...if they are the German mob and using your account to hide large sums of money.
Its actually a good system. It may or may not have as many rules as paypal....but it is an excellent system. I have a customer in Germany that pays my consulting fees by this exact method...but they do not use transferwise. They just do a bank wire transfer.
I find Paypal dead slow. It can take anywhere up to 3 days for paypal. And paypal can take a little too much of a cut for my tastes. Ray |
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EverettB
Administrator
Joined: April 11, 2000
Posts: 69802
Location: Phoenix Metro
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| Posted: Wed Apr 11, 2018 11:27 pm Post subject: Re: "Transferwise" |
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| iowegian wrote: |
UPDATE:
I took payment via "Transferwise". The funds were sent yesterday and posted directly into my bank account today, so it is slower than Paypal, but there are no fees on my end-------I got all of my money. The only negative, if there is one, is that I had to give them my bank routing number and my account number. But, what the heck, that info is printed right there on every check that I write anyway. |
Sounds good, that is faster than a lot of international wire transfers I have done in the past.
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c21darrel
Samba Member
Joined: January 22, 2009
Posts: 8211
Location: San Dimas
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hitest
Samba Member
Joined: September 30, 2008
Posts: 10296
Location: Prime Meridian, ID
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| Posted: Thu Apr 12, 2018 7:06 pm Post subject: Re: "Transferwise" |
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| c21darrel wrote: |
| My bank charges $15 to receive a wire transfer. $35 to send one domestic and $50 international. Seems Transferwise is a good deal. |
Walk into your bank and ask them your balance. Then request they withdraw all of it and hand it to you. They'll start waiving the occasional asinine fee like that if they value you.
Iowegian- glad it worked out. It reminds me why I used to have a second account at the bank- just for crazy purchases. I did it back when I worked at a bank and Ebay was just getting into full swing- around 1997-98. To this day I still maintain a second VISA for shady VW deals.
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| EverettB wrote: |
I wonder what the nut looks like.
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'62 L390 151, '62 L469 117, '63 L380 113, '64 L87 311, '65 L512 265, '65 L31 SO-42, '66 L360 251, '68 L30k 141, '71 L12 113, '74 ORG 181
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c21darrel
Samba Member
Joined: January 22, 2009
Posts: 8211
Location: San Dimas
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| Posted: Fri Apr 13, 2018 11:21 am Post subject: Re: "Transferwise" |
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| hitest wrote: |
| c21darrel wrote: |
| My bank charges $15 to receive a wire transfer. $35 to send one domestic and $50 international. Seems Transferwise is a good deal. |
Walk into your bank and ask them your balance. Then request they withdraw all of it and hand it to you. They'll start waiving the occasional asinine fee like that if they value you.
Iowegian- glad it worked out. It reminds me why I used to have a second account at the bank- just for crazy purchases. I did it back when I worked at a bank and Ebay was just getting into full swing- around 1997-98. To this day I still maintain a second VISA for shady VW deals. |
True, Chase says I am a "valued client".
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