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Wire transfer

Discussion in 'Payment Processing' started by fit, Jan 11, 2007.

  1. #1
    Why nobody use wire money transfer ?
    SEMrush
     
    fit, Jan 11, 2007 IP
    SEMrush
  2. Amoy

    Amoy Active Member

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    #2
    wires are expensive
     
    Amoy, Jan 11, 2007 IP
  3. eddy2099

    eddy2099 Peon

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    #3
    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.
     
    eddy2099, Jan 11, 2007 IP
  4. technoguy

    technoguy Notable Member

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    #4
    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.
     
    technoguy, Jan 11, 2007 IP
  5. hss

    hss Peon

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    #5
    It seems expensive (from one country to another) if you transfer small amounts of money. But for large amounts it does not seem expensive.
     
    hss, Jan 11, 2007 IP
  6. mani

    mani Peon

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    #6
    its expensive and takes 2-5 days, its useful for large amount of money when you have no other payment option
     
    mani, Jan 11, 2007 IP
  7. Disguised

    Disguised Notable Member

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    #7
    I am yet to try wires but I've heard they are extremely expensive especially when you have payments less then 1K.
     
    Disguised, Jan 11, 2007 IP
  8. sufi

    sufi Well-Known Member

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    #8
    Wire Transfer is easy method but expensive, the fees is almost $30 and you also lose on the exchange rates provided by banks.
     
    sufi, Jan 11, 2007 IP
  9. abuzar345

    abuzar345 Active Member

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    #9
    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.
     
    abuzar345, Dec 26, 2008 IP
  10. thewebhostingdir

    thewebhostingdir Well-Known Member

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    #10
    thewebhostingdir, Dec 26, 2008 IP
  11. olddocks

    olddocks Notable Member

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    #11
    Each wire costs about $45 incoming plus about $35 for the sender. It may go above in many countries outside euro zone.
     
    olddocks, Dec 26, 2008 IP
  12. Raining Blood

    Raining Blood Active Member

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    #12
    This threas is very old, but hell yeah wire is expensive :rolleyes:
     
    Raining Blood, Dec 27, 2008 IP
  13. slogold

    slogold Peon

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    #13
    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
     
    slogold, Dec 28, 2008 IP
  14. sachin123456

    sachin123456 Member

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    #14
    wire trancefer very risk and painful
     
    sachin123456, Jan 7, 2011 IP
  15. iLegitimate

    iLegitimate Peon

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    #15
    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
     
    iLegitimate, Jan 8, 2011 IP
  16. alodia

    alodia Peon

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    #16
    I agree, this is an expensive way.
     
    alodia, Jan 9, 2011 IP
  17. francis.ruchika@gmail.com

    francis.ruchika@gmail.com Guest

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    #17
    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.
     
  18. Spatoinks

    Spatoinks Peon

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    #18
    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.
     
    Spatoinks, Jan 15, 2011 IP