How is your experience with Swift Code?

Discussion in 'Payment Processing' started by Deepika20, Jun 25, 2011.

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  1. #1
    I am from India and have to receive money from foreigners.

    There are some problems with Pay-Pal while receiving money in India.

    So someone recommended me Swift code system.

    Please tell me:

    1. Is it a safe and cheaper way to receive payments from abroad?

    2. How is your experience with it?

    3.Is it better than pay-pal?
     
    Deepika20, Jun 25, 2011 IP
  2. sayyidhaikal

    sayyidhaikal Peon

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    #2
    sorry I have not experienced using Swift Code,
    If I transfer always use U.S. dollars and so far fine.
     
    sayyidhaikal, Jun 30, 2011 IP
  3. jcyber

    jcyber Active Member

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    #3
    swift code is given by your local bank and you just need to inform that code to outsider. This is simply a wire transform of money transaction. that's all.
     
    jcyber, Jul 2, 2011 IP
  4. Weblicious.in

    Weblicious.in Peon

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    #4
    its not called swift code the correct term is WIRE DEPOSITS. PM me for more info
     
    Weblicious.in, Jul 2, 2011 IP
  5. lifeplayer

    lifeplayer Notable Member

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    #5
    1. It is safe but not cheap
    2. Use it before, it called as wire transfer
    3. This is being used internationally but take longer time and more expensive. Paypal us better
     
    lifeplayer, Jul 3, 2011 IP
  6. Eddy19

    Eddy19 Peon

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    #6
    Swift code is very important, if you were going to add bank account in any payment processor, because your money sent your account via that swift code.
     
    Eddy19, Jul 3, 2011 IP
  7. unknownpray

    unknownpray Active Member

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    #7
    Yup , its an easy way to recieve money , its also cheap , once using this system only i got paid from china a large amount , i think you have to fill out a tax form or something.
     
    unknownpray, Jul 20, 2011 IP
  8. edhardysale

    edhardysale Peon

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    #8
    i am sorry ,i didn't konw about Swift Code.
     
    edhardysale, Jul 22, 2011 IP