Banjo Hangout Logo
Banjo Hangout Logo

Premier Sponsors

854
Banjo Lovers Online


Jun 20, 2021 - 4:45:40 PM

banjonz

New Zealand

11195 posts since 6/29/2003

I am trying to purchase a Slingerland tension ring from a seller in the US. Paypal has declined the sale due to perceived risk. This seller, while not a member of the BHO was recommended to me by one who is. I have suggested Western Union but that was declined. I think this seller is legit. I just need some way to pay.

Are there any alternatives to the above services?

Edited by - banjonz on 06/20/2021 16:49:18

Jun 20, 2021 - 5:08:15 PM

kww

USA

1223 posts since 6/21/2008
Online Now

There are a couple of great big red flags here. Why do both Paypal and Western Union refuse to do business with this person, and why do you think it's safe when two companies that specialise in financial risk assessment decline to proceed?

Jun 20, 2021 - 5:16:51 PM

banjonz

New Zealand

11195 posts since 6/29/2003

quote:
Originally posted by kww

There are a couple of great big red flags here. Why do both Paypal and Western Union refuse to do business with this person, and why do you think it's safe when two companies that specialise in financial risk assessment decline to proceed?


Its only Paypal who have declined. The seller doesn't have a WU account. He has come back to me with his wife's details.

Jun 20, 2021 - 5:44:15 PM

banjonz

New Zealand

11195 posts since 6/29/2003

Thanks for the comments. The BHO member who initially recommended the seller to me has had his account locked for spamming. The fact that Paypal has declined the transaction and other things doesn't sit well with me. I therefore an no going ahead with the sale.

Jun 20, 2021 - 5:54:33 PM

banjoy

USA

9675 posts since 7/1/2006

Why not just do a direct bank-to-bank wire transfer?

=====

EDIT: Just saw your post above after I made my post ... so never mind ... it's probably for the best. But in the future in you run into this problem, banks make it very easy to move money from one bank to another, even across countries and currencies, for a small fee.

Edited by - banjoy on 06/20/2021 17:57:22

Jun 20, 2021 - 9:00:54 PM

banjonz

New Zealand

11195 posts since 6/29/2003

quote:
Originally posted by banjoy

Why not just do a direct bank-to-bank wire transfer?

=====

EDIT: Just saw your post above after I made my post ... so never mind ... it's probably for the best. But in the future in you run into this problem, banks make it very easy to move money from one bank to another, even across countries and currencies, for a small fee.


Here the fees are not small. I transferred money to my niece in Australia online and almost half of it when in fees. No thanks.

Jun 20, 2021 - 9:25:51 PM

3162 posts since 10/17/2009

There are apps like Venmo, easy to set up.

However, there is risk, not really any recourse once you send the money.

Jun 20, 2021 - 11:11:13 PM

banjoy

USA

9675 posts since 7/1/2006

quote:
Originally posted by banjonz
quote:
Originally posted by banjoy

Why not just do a direct bank-to-bank wire transfer?

=====

EDIT: Just saw your post above after I made my post ... so never mind ... it's probably for the best. But in the future in you run into this problem, banks make it very easy to move money from one bank to another, even across countries and currencies, for a small fee.


Here the fees are not small. I transferred money to my niece in Australia online and almost half of it when in fees. No thanks.


Whatever. But I will point out that Western Union does not require the recipient to have any account to receive money, and WU offers a "direct to bank" option for the recipient and is fairly cheap.

Quick check shows very small fees to transfer NZD to USD, as little as .39 NZD fee plus .48% of the amount moved. Direct from one bank to another, no 3rd party service involved. Direct bank-to-bank happens all the time, it's the same avenue the banks use to move money. It sounds like your transfer to Australia involved more than fees, but was gobbled up by taxes (?) and exchange rates (?) which can kill ya. Especially to the US where the current exchange rate kinda sucks for the NZD (currently about .70 to 1. It would have cost you a lot right there, you lose 30% just by moving the money from there to here no matter what. Ouch.

I have experience with these types of transfers (sending and receiving) and never encountered crazy fees (but the xfer rates can really take a bite), and it's very possible the world has changed. Banks do tend to be greedy but not so much with each other :)

In any event, it really sounds more and more like you were dealing with a scammer and there was a high likelihood your funds would have gone bye-bye, no matter how you got the money there. I think you dodged a bullet and this all probably worked out to your benefit.

Edited by - banjoy on 06/20/2021 23:18:32

Hangout Network Help

View All Topics  |  View Categories

0.25