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Author: Subject:  Electronic payment
Memberdonn
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posted on December 12th, 2014 at 09:38 AM
Electronic payment


Just ordered some parts from UK, all the bank info I got from the supplier seemed very confusing so I went into my bank to ask what I needed t o pay online, they informed me that it wasn't possible to pay online to overseas accounts, had to do it through the bank over the counter, with additional charges tacked on :mad: is this the way it is usually done?
Advice from those with experience would be appreciated. I've only ever done this through eBay and it was easy there and no added charges.




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posted on December 12th, 2014 at 10:20 AM



I have used paypal outside of Ebay and credit card with no issues, even for the wheels i had made at image wheels a credit card transaction was no issue.
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posted on December 12th, 2014 at 03:28 PM



It can be done, but depends on the bank and the system they use. The more international banks (ie HSBC) have good online payment systems that do international transfers. Some don't and require a over the counter form + Fee.

Even if you do it online, most international transfers will end up requiring a fee, normally between 10 and 30. this is normally intermediaries fees.




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posted on December 12th, 2014 at 03:59 PM



if you can get the banks swift numb er then transfer is easy and cheap fee free I think. Mitchell



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posted on December 12th, 2014 at 04:07 PM



I've only ever used paypal or on the rare occasion CC.



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posted on December 12th, 2014 at 04:09 PM



I transferred money via bank transfer to Weddle in the US. I had Swift numbers, account numbers, everything I needed.
I had to do it in the branch, and I paid a fee of $30 for the transfer, and then I also had to pay the banks standard spot price for the dollar exchange, which effectively works out to about 4% or 5% in the kitty for them on top (they only gave me 80c, the exchange rate that night on the news was 85c). The both I and Weddle had to wait 3 working days before transfer was completed.
It's a rort, but you have no choice, so you just have to wear it I guess. I would factor in all these unforeseen charges into the deal and recalculate the totals so you know what you're really up for in the end.

PS: My order was also under $1000, otherwise Customs would then add their 10% onto the total, the overall total including freight, charges, fees, everything.
And they reckon there's no bribery or corruption in Oz hey? :!:
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posted on December 12th, 2014 at 06:17 PM



Also try OzFourex. Rates are far far better than the banks and as long as you have the swift number etc (which would need for a transfer anyway) they do the rest. You just transfer AUD locally to them and they then exchange and send on.

Used them recently for a inward transfer USD to AUD and they were 5c better than the bank, much smaller spread.




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