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Best Ways to Transfer large sums of money.

Discussion in 'Business & Tax Advice' started by Nazgul, Feb 4, 2013.

  1. Nazgul

    Nazgul Newbie

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    Well, this being my first post I have to say I'm not new to BHW. I've been lurking and gotten some valuable information over some time.

    Though I need some suggestions from other BHW members on how to safely make deals on the net involving large sums of money 1000+. Without risking losing all this money ( scams, ect.) as well as ensuring the buyer's safety as well.

    I'm aware of escrow, but will they deal with BH services? Say, the selling of popular social pages, accounts, information, ect..

    Maybe I haven't looked hard enough, as I haven't fully thought about the money handling side of IM, but I want to know some better alternatives to PayPal or similar gateways..

    Thanks in advance.
     
  2. Furious George

    Furious George Supreme Member Premium Member

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    western union and moneygram are the safest forms of payment to receive, and the riskiest to send.

    With paypal, you could make sure the money hits your bank account before you send the product.
     
  3. Nazgul

    Nazgul Newbie

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    Thanks for the waiting period suggestion. I guess it would be hard to convince the buyer I'm not gonna scam them. WizGizmo, not sure what you are trying to say, I don't mean using escrow with BHW directly, just dealing under the table offers through a private transaction with escrow.. outside of BHW. Is it against Escrow TOS to sell things like that?
     
    Last edited: Feb 4, 2013
  4. kvmcable

    kvmcable Supreme Member

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    Break the services into smaller chunks like $100 a pop rather than $1000 a pop. Build a relationship with the buyer that you can deliver what you promise and that he will pay for your services. It works both ways but when selling risky services you're billed a scammer before you even start as legitimate services don't break TOS policies and/or cause network interference that is punishable by civil if not criminal penalties.

    I know we're on BHW and this happens hundreds of times daily but don't expect a bona fide escrow service to want any part of this. They will most likely shield themselves from any civil or criminal penalties and not want to be involved in any way with the activities.
     
  5. Aaric

    Aaric Elite Member

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    DO WU below 1k.
     
  6. GiorgioB

    GiorgioB Supreme Member

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    Why not T/T, that is how most money is transfered. If you want buyer-seller protection, pass a contractual agreement in writing.
     
  7. zxlk21e

    zxlk21e Junior Member

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    Try bitcoin. local bitcoin is easy And fairly anonymous if you do cash. alternatively you could use gdmp or similar to get on mtgox and cash but that's all pretty much in the open if privacy is a concern.
     
  8. seodimple

    seodimple Registered Member

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    use paypal...

    send the money by bits...
     
  9. glodge2002

    glodge2002 Newbie

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    I say start with small amounts, $50, $100, $200 through paypal and protect yourself every way that you can. Once you build a solid relationship, then you can use bank wire. I have a couple of wholesalers in China that I trust and use bank wire with.
     
  10. Nazgul

    Nazgul Newbie

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    Thank you all for your input.
     
  11. whiteninja

    whiteninja Regular Member

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    Go with escrow service until built up trust. Due your homework to make sure their trustworthy. I think escrow .com's fee is 25 dollars per transaction for $1000 and less if I'm not mistaken.
     
  12. sansarahub

    sansarahub Senior Member

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    first PayPal and Second 2checkout Best way Of Payment.