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I have sold a few CRT parts and bought a few that involved electronic money transfer internationally. When I received the money it was a lesser amount then what I was supposed to get. The people doing the sending of the money paid a fee to send it and figured the exchange rate in. I contacted my bank and they do not charge a fee to receive it. Anyone have this happen to them and does anyone have any idea who is taking the money.


I decided to stop accepting money transfers as this is costing me money and I have no idea what to charge up front so it comes out right.


Every time I turn around I find someone with their hand in my wallet.


Deron.
 

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When I buy from the U.S. I instruct my Bank to transfer U.S. dollars,

they charge me (buyer) for the exchange,I do not think the corresponding

Bank in the States charges the seller,having received USDollars.

Mauro
 

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Usually there is a charge for sending AND receiving. That's why the transaction papers show checkboxes like :


a: pay my own transfer charges


b: pay foreign transfer charges


Most likely the sender forgot to tick option b and hence your bank charged you.


Regards,

Andreas
 

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Same here.


IF both account are of same currency, USD for example then My bank charge me 20$ per wire transfer. then the benificiary is charged around 5$ when he received the payment.

IF both accounts are not of same currency, then the person who is doing the exchange pay the extra fees in his local currency.




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sam.
 
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