International Payments

Mr Pharmacist · Post by **Mr Pharmacist** » Wed Mar 27, 2013 8:41 pm

Hi,

If anyone has any experience of international payments (from Europe) for a car or other expensive type item could they PM me - i need some advice!

thanks
Stuart

majordad · Post by **majordad** » Wed Mar 27, 2013 9:16 pm

I sold a car last year to Germany. The new owner paid 10% by IBAN Bank Transfer and paid the full ballance the day before he came to collect the car. In fact the money actually arrived several days before we completed the sale.

Mr Pharmacist · Post by **Mr Pharmacist** » Wed Mar 27, 2013 9:25 pm

he wants to come to view the car and drive away that day if he likes it

Post by **Bootsy** » Wed Mar 27, 2013 9:28 pm

Be difficult to do a transfer there and then and see the money in your account. I receive a far few international payments and it usually takes a couple of days for them to appear following the transfer.
Must be a solution though

Mr Pharmacist · Post by **Mr Pharmacist** » Wed Mar 27, 2013 9:31 pm

good old cash!?

IanMcLeod · Post by **IanMcLeod** » Wed Mar 27, 2013 9:37 pm

Mr Pharmacist wrote:good old cash!?

Absolutely definately not unless you get him to draw it out from his bank in front of you or get him to take it to your bank and get him to pay it into to your account at the counter (so he gets arrested and not you if it is fake).

Ian.

Mr Pharmacist · Post by **Mr Pharmacist** » Thu Mar 28, 2013 10:10 am

Is there any reason why paypal can't be used for instant payments (assuming the buyer covers the fees)

Bruce M · Post by **Bruce M** » Thu Mar 28, 2013 10:26 am

I think PayPal has too many clawback clauses to make me comfortable but a google will give you more idea.

As above, I'd suggest a cash transaction at a bank. It is safer for the buyer (public place although still some risk) and the seller (bank takes liability for checking the notes & counting).

Either that or Western Union, I hear they are popular for these sorts of transactions

Post by **Bootsy** » Thu Mar 28, 2013 10:34 am

Don't use PayPal, it can be clawed back after payment via a dispute

Iban transfer and only let the car go once the money is in your bank

964RS · Post by **964RS** » Thu Mar 28, 2013 10:39 am

Bootsy wrote:Don't use PayPal, it can be clawed back after payment via a dispute

Iban transfer and only let the car go once the money is in your bank

+1 Stu

Mr Pharmacist · Post by **Mr Pharmacist** » Thu Mar 28, 2013 10:47 am

Cool. Thanks chaps

Bruce M · Post by **Bruce M** » Thu Mar 28, 2013 10:48 am

If you do go with iban, ask your bank when is the earliest point you can transfer the funds out (ie to savings ac). This will tell you when the funds are safe with no risk of cancellation.
With chaps, I asked to withdraw in cash a transfer on the same day and was told I couldn't because there was a remote possibility the transaction could be cancelled.

davep · Post by **davep** » Thu Mar 28, 2013 1:56 pm

Agreed, discuss it with the bank in advance to be fully aware.

neilbardsley · Post by **neilbardsley** » Thu Mar 28, 2013 1:59 pm

Your car didn't take long to selp!

Mr Pharmacist · Post by **Mr Pharmacist** » Fri Mar 29, 2013 12:35 am

it hasn't quite sold yet

DDK - Die Deutschen Klassiker