I'm selling to u.s and buyer wants PayPal and I want bank transfer....just don't want PayPal politics involved but understand it may be a hassle to convert and send for him if he's never done it before....advise please
Paypal can be disputed - which if outside the UK could be painful... all you need is a "not as sold" and you could be stuck in limbo where PP freeze the funds in your account and he has your playfield.... Unless he's willing to send Friends and Family in which case he has no protection.... Plus you will receive funds in US$ so you then take the hit on the ridiculous Exchange rate paypal charge... But you know this...
I have used something like a Revolut card (pre-paid Mastercard) to purchase stuff in the US with no hassles at all (multiple times over the past 5 years), however i dont think it works in reverse (US Credit)
The other alternative is Bank Transfer - all he should need is your IBAN number and that should be good for payments he just says he wants to pay £x to that IBAN and his bank should be able to do the rest... Used to take a few days to go through...
Difficult one... I shall refer to those that have done this before![]()
I can foresee the reverse thread on pinside where an american guy would be trying to buy something from an english man without having seen the item in the flesh and trying to protect himself. Not that i am suggesting that what you are trying to fleece him. But it is a difficult one.
Is there any way you could point him towards this forum and show him your excellent reputation for playfield work. Like some of the guys on here who have dealt with direct could vouch for you and build up his confidence? Might make it easier to convince him to do bt then?
Just a suggestion.
just an fyi, but on Paypal purchases at least I choose the rate of the underlying payment method. I use Halifax Clarity for foreign purchases which supposedly has a "near perfect" exchange rate, the difference can be up to a few quid on £100 equivalent purchase.the ridiculous Exchange rate paypal charge.
Being pedantic but a F&F payment can't be reversed through PayPal's system, as in there is no option to dispute it.I did a bank transfer two weeks ago from my Hong Kong account to a UK account. I did it online and it took all of about five minutes. The funds were in the receivers account in 24 hours - sent as HKD and received as UK pounds.
Don't touch PayPus with a barge pole for anything more than you are prepared to throw away. Too many loop holes and grey areas.
Also, do not believe that a Paypus payment made as "friends or family" cannot be reversed - it can be and you will be out of pocket.
If the buyer doesn't want to make a bank transfer, I would say sorry, no sale, cherrio.
FWIW: the banking system in the USA (in my experience) is very lacking compared to Australia and the UK. They just don't seem to have the systems in place to easily make transfers to another person. Maybe this is why or how PayPus was able to get a stranglehold in the first place?
DISCLOSURE: I am well known for 'bashing' PayPus and with good reason. Selling replacement pinball boards to the USA actually lost me over AU$3000 - more than any profit I ever made selling boards there! PayPus is a bad joke that allows shonky people to rip you off with total immunity.
The point I make (and your response agrees with) is that 'friends and family' IS NOT a safe and solid way of ensuring you will keep your payment.Being pedantic but a F&F payment can't be reversed through PayPal's system, as in there is no option to dispute it.
If it is paid with a fraudulent funding source, or the person simply tells their bank that they don't recognise the transaction, then their bank could do a chargeback which would then have the effect of PayPal either trying to get the money back from any payment method you have recorded on file (I imagine it's in their T&Cs that you allow them to do this), or if they can't they'll simply put your account in to a negative balance and chase you / stop you using the account until resolved.