Well, wire transfer can be costly in terms of the service charges especially for small amounts and it does not give the buyer any protection for non-delivery by the seller.
Yes wire transfer is really expensive, once I have tried it from my freelancer site they have charged me 25$ + my I have paid 20$ to my bank, total 45$. Its really expensive.
It seems expensive (from one country to another) if you transfer small amounts of money. But for large amounts it does not seem expensive.
its expensive and takes 2-5 days, its useful for large amount of money when you have no other payment option
I am yet to try wires but I've heard they are extremely expensive especially when you have payments less then 1K.
Wire Transfer is easy method but expensive, the fees is almost $30 and you also lose on the exchange rates provided by banks.
plz tell me if i want to receive 100$ from usa to pakistan then how many expensice that i have to bear and how many days would it take.
Each wire costs about $45 incoming plus about $35 for the sender. It may go above in many countries outside euro zone.
banks in US charge around $40 for international wire transfer, how long does it take exactly depend on banks involved, we have cases where wire arrived the same day while in other cases it can take up to 10 days
you cant get your money back if you wire transfer its a one time deal and banks are haveing trouble with scammer with wire transfers
It is not so.. Wire Transfer is much easier now for outward remittance , here i am speaking about sending money from India.. As per RBI Policies, its hardly a 24 hrs process. done through banks. As i am from Transcorp International Ltd, dedicated to outward remittance i.e sending money outside India. so can help if someone wishes to send money outside India, and There's no risk if all required documents are provided.
Wire is the last choice i would end up to. And it's the safest and fastest way to get paid for larger amounts of money.