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Receiving funds from France

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  • martindow
    martindow Posts: 10,712 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Fay does this mean we are better off asking European customers to pay the equivalent in Euros rather than the price in Pounds?
  • frivolous_fay
    frivolous_fay Posts: 13,302 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Mortgage-free Glee!
    martindow wrote:
    Fay does this mean we are better off asking European customers to pay the equivalent in Euros rather than the price in Pounds?

    Yes - but you MUST get the sender to select shared charges, and it's worth checking on the thread above to see if your bank is one of the nasty ones that hit you with a charge.

    Seriously... people using this method correctly are reporting fees of only a few pence. Beats paypal!
    My TV is broken! :cry:
    Edit: refunded £515 for TV 1.5 years out of warranty - thank you Sale of Goods Act! :j
  • soolin
    soolin Posts: 75,003 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I don't have any use whatsoever for euros though especially as euro accounts are themselves usually subject to a banking fee in the UK. Therefore, I think we must take it that transfers in from overseas are not free in all cases, and it was that conclusion that persuaded me to remove foreign bank transfers as an option on my auctions.

    Paypal may charge but at least it is relatively straight forward *and* I understand my charges in advance and can factor that in when setting my starting price.
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • frivolous_fay
    frivolous_fay Posts: 13,302 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Mortgage-free Glee!
    Ok, I know when I'm beaten :( I give up.
    My TV is broken! :cry:
    Edit: refunded £515 for TV 1.5 years out of warranty - thank you Sale of Goods Act! :j
  • When I do get funds from over seas I tell the person that I require x pounds sterling and that is what appears in my bank. I have always got the full amount. When I have send money abroad I have always instructed my bank to pay x amount in the currency and they convert that to GBP and that days exchange rate and take that and the fee to send from my bank there and then.
    By the way I bank with LloydsTSB
  • martindow
    martindow Posts: 10,712 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    When I do get funds from over seas I tell the person that I require x pounds sterling and that is what appears in my bank. I have always got the full amount.

    I've never got the full amount doing this - Abbey business account
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