andyroo0312
Junior Member
Posts โข 2,174
Likes โข 1,675
July 2011
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THOUGHTS AND IDEAS REGARDING PAYMENT, by andyroo0312 on Mar 23, 2018 13:59:39 GMT 1, Hello to all. I am possibly going to do a transaction involving a overseas buyer and a fair amount of cash so wanted to hear members ideas / experiences in regard to receiving/ sending large payments (ยฃ15k plus) I know I am a solid honest person but the buyer doesnโt know this. I am not considering PayPal as the fees are harsh and there is always that risk the buyer turns around and says itโs a fake. Bank Transfer is my first choice but maybe not the buyers, there is things like escrow etc so would be interested to hear some experiences from my fellow members. Any help/ideas etc is very much appreciated.. Cheers guys/dolls. 
Hello to all. I am possibly going to do a transaction involving a overseas buyer and a fair amount of cash so wanted to hear members ideas / experiences in regard to receiving/ sending large payments (ยฃ15k plus) I know I am a solid honest person but the buyer doesnโt know this. I am not considering PayPal as the fees are harsh and there is always that risk the buyer turns around and says itโs a fake. Bank Transfer is my first choice but maybe not the buyers, there is things like escrow etc so would be interested to hear some experiences from my fellow members. Any help/ideas etc is very much appreciated.. Cheers guys/dolls. |
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THOUGHTS AND IDEAS REGARDING PAYMENT, by Mr. Inanimate Object on Mar 23, 2018 14:06:52 GMT 1, Interested to hear peoples thoughts on this too... had the same problem a few months back (not to the tune of the amount quoted above but still considerable) - ended up going with PayPal... Surely there's a better way for both buyer and seller
Interested to hear peoples thoughts on this too... had the same problem a few months back (not to the tune of the amount quoted above but still considerable) - ended up going with PayPal... Surely there's a better way for both buyer and seller
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robdenice
New Member
Posts โข 97
Likes โข 109
November 2017
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THOUGHTS AND IDEAS REGARDING PAYMENT, by robdenice on Mar 23, 2018 18:47:53 GMT 1, I've been using Transferwise for a good while now (I run a record label and do quite a few substantial international transfers a year). Can't beat their exchange rates and it's all very transparent/user friendly for both the paying and the receiving end.
I've been using Transferwise for a good while now (I run a record label and do quite a few substantial international transfers a year). Can't beat their exchange rates and it's all very transparent/user friendly for both the paying and the receiving end.
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NYart
Junior Member
Posts โข 1,221
Likes โข 844
January 2016
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THOUGHTS AND IDEAS REGARDING PAYMENT, by NYart on Mar 23, 2018 19:04:25 GMT 1, Using reputable galleries local to the two of you is a good way to go about it. Send the artwork to their gallery of choice who can then release it to them and send you the funds. Would eliminate authenticity concerns for the buyer as well. Would imagine the cost would be less than the 3% PayPal as well.
Edit: that would be for swaps, but local to the buyer I should have said.
Using reputable galleries local to the two of you is a good way to go about it. Send the artwork to their gallery of choice who can then release it to them and send you the funds. Would eliminate authenticity concerns for the buyer as well. Would imagine the cost would be less than the 3% PayPal as well.
Edit: that would be for swaps, but local to the buyer I should have said.
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dotdot
Junior Member
Posts โข 3,651
Likes โข 1,029
December 2006
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THOUGHTS AND IDEAS REGARDING PAYMENT, by dotdot on Mar 23, 2018 19:20:59 GMT 1, thorny subject.
opt for BT most of the time.. it costs.. i agree re PP though.
hope it goes off ok . failing all of the above... is fly and buy not an option ? OZ is only a day AWAY from the rest of planet .. right ?
thorny subject.
opt for BT most of the time.. it costs.. i agree re PP though.
hope it goes off ok . failing all of the above... is fly and buy not an option ? OZ is only a day AWAY from the rest of planet .. right ?
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andyroo0312
Junior Member
Posts โข 2,174
Likes โข 1,675
July 2011
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THOUGHTS AND IDEAS REGARDING PAYMENT, by andyroo0312 on Mar 23, 2018 21:59:52 GMT 1, thorny subject. opt for BT most of the time.. it costs.. i agree re PP though. hope it goes off ok . failing all of the above... is fly and buy not an option ? OZ is only a day AWAY from the rest of planet .. right ?  Keep the ideas and thoughts and experiences coming gents/ladys all information is helpful maybe not now nor maybe not tomorrow but i am sure it will at some point. I guess what ever route one goes down when doing international buying or selling a amount of trust is needed. ( I am a cup half full type of guy) 
thorny subject. opt for BT most of the time.. it costs.. i agree re PP though. hope it goes off ok . failing all of the above... is fly and buy not an option ? OZ is only a day AWAY from the rest of planet .. right ? What does BT stand for if you dont mind me asking?? Yes OZ is only a day a way most of the time, or a couple valium and a few drinks, then to be woken by a sweet voice saying 'We have arrived sir, oh not to sound rude but your fly is undone and you have some dribble on the left side of your mouth and down your chin'. Keep the ideas and thoughts and experiences coming gents/ladys all information is helpful maybe not now nor maybe not tomorrow but i am sure it will at some point. I guess what ever route one goes down when doing international buying or selling a amount of trust is needed. ( I am a cup half full type of guy) |
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dotdot
Junior Member
Posts โข 3,651
Likes โข 1,029
December 2006
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THOUGHTS AND IDEAS REGARDING PAYMENT, by dotdot on Mar 23, 2018 23:27:48 GMT 1, bt bank transfer !
pp paypal
okfm 
bt bank transfer ! pp paypal okfm |
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denzil
New Member
Posts โข 703
Likes โข 398
April 2009
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THOUGHTS AND IDEAS REGARDING PAYMENT, by denzil on Mar 24, 2018 0:20:52 GMT 1, Link Escrow
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andyroo0312
Junior Member
Posts โข 2,174
Likes โข 1,675
July 2011
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THOUGHTS AND IDEAS REGARDING PAYMENT, by andyroo0312 on Mar 24, 2018 0:48:46 GMT 1, Escrow is one option i have been checking into.. I have never used them/it before so was hoping someone that has could chime in. My first preference is Bank Transfer. If it was something the size of a Banksy i would be tempted to jump on a plane and take it with and have a little holiday up around the Pacific North West. I hear there edibles are particularly good.. But unfortunately i dont think they will allow me to bring a flat packed Harland Miller on the plane..  PayPal is a non starter due to the possibility of the buyer just saying it was a fake and then i get shafted, plus the fees are a rip off. Its actually hard to believe that a company would allow such shenanigans to play out... Great word shenanigans.  I am going to have a looksy into Transferwise as suggested by robdenice. (Cheers mate).
Escrow is one option i have been checking into.. I have never used them/it before so was hoping someone that has could chime in. My first preference is Bank Transfer. If it was something the size of a Banksy i would be tempted to jump on a plane and take it with and have a little holiday up around the Pacific North West. I hear there edibles are particularly good.. But unfortunately i dont think they will allow me to bring a flat packed Harland Miller on the plane.. PayPal is a non starter due to the possibility of the buyer just saying it was a fake and then i get shafted, plus the fees are a rip off. Its actually hard to believe that a company would allow such shenanigans to play out... Great word shenanigans. I am going to have a looksy into Transferwise as suggested by robdenice. (Cheers mate). |
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irl1
Full Member
Posts โข 9,274
Likes โข 9,381
December 2017
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THOUGHTS AND IDEAS REGARDING PAYMENT, by irl1 on Mar 24, 2018 1:07:12 GMT 1, Ask the buyer will they travel to you. Split the fare. If the buyers happy after seeing the piece, go to the bank and let them do a bank transfer right in front of you. I done this but it was many years ago. I arranged it with my bank before i left. I then shipped the art back home myself and had a ball for the weekend.  . I would be sure it could be done this way, more so now with Iban and Bic numbers. This way the buyer is taking no chances. Also you are taking no chances on the art being damaged, as the buyer will be shipping themselves. No harm to ask all they can say is no.
Ask the buyer will they travel to you. Split the fare. If the buyers happy after seeing the piece, go to the bank and let them do a bank transfer right in front of you. I done this but it was many years ago. I arranged it with my bank before i left. I then shipped the art back home myself and had a ball for the weekend. . I would be sure it could be done this way, more so now with Iban and Bic numbers. This way the buyer is taking no chances. Also you are taking no chances on the art being damaged, as the buyer will be shipping themselves. No harm to ask all they can say is no. |
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denzil
New Member
Posts โข 703
Likes โข 398
April 2009
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THOUGHTS AND IDEAS REGARDING PAYMENT, by denzil on Mar 24, 2018 1:17:02 GMT 1, What Country is The potential buyer In if you dont mind me Asking ?
What Country is The potential buyer In if you dont mind me Asking ?
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andyroo0312
Junior Member
Posts โข 2,174
Likes โข 1,675
July 2011
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THOUGHTS AND IDEAS REGARDING PAYMENT, by andyroo0312 on Mar 24, 2018 3:50:13 GMT 1, What Country is The potential buyer In if you dont mind me Asking ?
What Country is The potential buyer In if you dont mind me Asking ? I am in Sydney and he is in Florida... |
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Keep the ideas and thoughts and experiences coming gents/ladys all information is helpful maybe not now nor maybe not tomorrow but i am sure it will at some point. I guess what ever route one goes down when doing international buying or selling a amount of trust is needed. ( I am a cup half full type of guy) 
PayPal is a non starter due to the possibility of the buyer just saying it was a fake and then i get shafted, plus the fees are a rip off. Its actually hard to believe that a company would allow such shenanigans to play out... Great word shenanigans. 
I am going to have a looksy into Transferwise as suggested by robdenice. (Cheers mate).
. I would be sure it could be done this way, more so now with Iban and Bic numbers. This way the buyer is taking no chances. Also you are taking no chances on the art being damaged, as the buyer will be shipping themselves. No harm to ask all they can say is no.
