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Bank transfer from India

Discussion in 'Black Hat SEO' started by ramman5, Jan 24, 2015.

  1. ramman5

    ramman5 Newbie

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    Hi
    I would like to sell 2 domains to buyer from India.
    Problem is that I would like to receive payment via bank transfer India-Europe, but buyer informed me that he have to pay 40% of bank fee/tax for any transfers outside of India.

    Question is if this information is real?

    Thank you
     
  2. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    SWIFT charges a fixed fee for transfers.

    Since domains are cheap, U$ 4 is 40% of U$ 10.
     
  3. ramman5

    ramman5 Newbie

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    Sorry that I did not mention it. Domains (webistes) cost is $2k in total.

    So, question is more to people from India, if they really have to pay 40% extra if they paying for invoices coming outside of India via bank transfers?
     
  4. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    Then 40% is U$ 800 which is absurd. I don't think he's doing this right, or maybe he's trying to rip you off. Tell them to try Western Union - instant payments...

    Edited : Got 40% of 2000 wrong!
     
    Last edited: Jan 24, 2015
  5. ramman5

    ramman5 Newbie

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    They informed me that WU banned Indian customers.
     
  6. almir012

    almir012 BANNED BANNED

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    Use www escrow .com very safe!
     
  7. anil595

    anil595 Junior Member

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    Western Union is very popular here in India..
     
  8. abhi007

    abhi007 Jr. VIP Jr. VIP

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    40% of bank fee is a big joke...i think he is trying to troll you OP!
     
  9. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    I just noticed that 40% of 2000 is 800, not 400 like I had said.

    That is simply absurd.
     
  10. Bestcreaters

    Bestcreaters Power Member

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    use escrow.com something is not right here this guy is aware that you dont know much about such transaction and is trying to take advantage
     
  11. momin90909

    momin90909 Junior Member

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    Don't sell directly. Use some service like Sedo etc even if they charge too much. He might be ripping you.
     
  12. Dunga

    Dunga Junior Member

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    Transfert to account bank fee is 10% max
     
    • Thanks Thanks x 1
  13. srb888

    srb888 Elite Member

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    Whichever country you are residing, there should be a State Bank of India branch. Just walk into one (or find the branch and telephone it), and give your details. Ask how he can send you the money and how much (fees,e tc) it will cost him to send it. Also ask what forms etc he will have to fill... You will get the correct answers and as soon as possible.
     
  14. labs8vivek

    labs8vivek BANNED BANNED

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    It seems you do not have Paypal account create one so the buyer won't troll you..If your domain really worth than sell them on some marketplace you ll make some nice amount.
     
  15. oblivion19

    oblivion19 Senior Member

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    It is true that you can't use western union to send money from India. You can only receive. I have received bank wires in India of pretty high amounts with minimal charges. I don't see how sending a bank wire could cost him 40% of the transfer amount. I believe it should be under $100 at the maximum. Looks like he is making excuses.Proceed with caution. Why don't you ask him to pay via paypal or Skrill.
     
  16. wannid

    wannid Newbie

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    If I may add to this discussion I recently paid a vendor via Moneygram no issues-you could try this as well.
     
  17. ramman5

    ramman5 Newbie

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    thank you for all answers !
     
  18. diesel1

    diesel1 Senior Member

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    .

    In my parts of the world international transfers cost 0.5% - 2%.

    40% is b*** sh**
     
  19. anilpendu

    anilpendu Jr. VIP Jr. VIP

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  20. DIe$el

    DIe$el Regular Member

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    This information is not true, whatsoever.. I would recommend you to get more information on the buyer as 40% fee sounds incorrect.