best way to transfur money

[beetletom]

hi, whats the best way to receive money over the internet?
paypal? , if so, will i get charged by them for reciving £200 gbp?
and how long does it take to clear? less than a week hopefully?

thanks!!

[louisb]

I have used paypal for years. Some people don't like the fee they charge but I like the security. I think the fee is around 4% so if it bothers you, add that back in to the price. As long as they have the money in their account the transfer is instant.

--louis

[beetletom]

ok thanks, just found the old account i had set up from a few years ago.

[Zach Gomulka]

Directly into my bank account

[beetletom]

 

[Lids]

you can get them to do a bank transfer, and all the costs will be theirs.  Or they can paypal you the money as a gift, they then have to pay the fee, but they have no protection against fraud.  Lastly you can work out what they should pay if you want £200 after all fees deducted.

[Neil Davies]

Depending on who I'm dealing with, I use paypal or go into my bank and transfer money directly into their account. I use the second method if I'm dealing with someone I know - I wouldn't ask a complete stranger to give me their account number and sort code!

[BeetleBug]

Do you wish to pay tax?

Do you wish to pay full tax?

Two things worth considering when choosing how to pay for your stash.

Best rgs
BB