International Bank Transfers

JonTurner

Hi guys,
Sorry, just a quick question- Just sold a PS1 game to someone in Germany, and they'd like to pay via bank transfer, as they don't have paypal. This is absolutely fine, I'm just wondering what info I need to give them, as I've not done one before- is it the usual account number/sort code, or do these work differently?
Thanks,
Jon

Premier_2

You need to give them your IBAN (International Bank Account Number), not just your normal one.

The IBAN is made up of your sort-code & account number, but also has a prefix which identifies your bank. You can get your IBAN from your bank if you don't know it.

Are you really happy to accept bank transfer? It's common in Germany (and throughout a lot of neighbouring countries) but you may end up being charged as it will be from a foreign / euro denominated bank account.
This isn't usually an issue for most of those who live in countries with Euro as their currency.

N79

Premier wrote: »

Are you really happy to accept bank transfer? It's common in Germany (and throughout a lot of neighbouring countries) but you may end up being charged as it will be from a foreign / euro denominated bank account.
This isn't usually an issue for most of those who live in countries with Euro as their currency.

Not a problem - just ask the buyer to send the transfer in sterling and they will pay any fees (if any - I don't get charged for international transfers).

JonTurner

Thanks guys, that's ace- I'm totally fine accepting transfers, just didn't know what info I needed to give- have emailed them now with IBAN and asked for Sterling payment, though I wouldn't be too concerned about a charge as it wen for a good price. Thanks again!

martindow

I think it depends on the individual bank. These often come through with several pounds missing I find even when all fees are supposedly paid by the sender. The problem is changing currencies. Within the Euro zone banks cannot charge more for international transfers than domestic ones.

Someone has previously posted a good method of doing this (was it Frivolous Fay?) I believe sending the equivalent in Euros with shared fees that means no one has extra charges.

frivolous_fay

What martin said

Shared fees... euros... IBAN / BIC - shouldn't be any fees. (Unless you have one of the minority of banks that is useless about such things)
If your buyer has done an international transfer before, he should hopefully be au fait with the best procedure.