Subject:
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Re: Why do so many people say "I will only ship to the us"?
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Newsgroups:
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lugnet.general
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Date:
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Sun, 7 May 2000 21:38:12 GMT
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Viewed:
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1825 times
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I really look forward to a secure money transaction service with reasonable fees, but so far I haven't seen any.
Due to all shameless bank fees and their even more shameless lack of interest in helping out with international money
transactions, I always send and recieve US$ cash. This works excellent, and in almost 200 transactions, none has failed.
(Yes, one. I tried to pay eBay itself in cash, but some eBay employee must have put it in her/his own pocket.)
/Tore
Paul Ferguson wrote:
> I've got to second what Dave Johann writes.
>
> Having lived in the UK for about two years over two different
> time periods, I can say that, on average, the U. S. banking
> system simply isn't prepared to deal with international currency
> transactions (in either direction) in comparison with Europe.
>
> In my small town in Scotland (population perhaps 10,000 max.),
> virtually every branch bank could perform currency exchange and
> make out checks or money orders in foreign currency.
>
> On the other hand, in NEW YORK CITY (my home, 1977-86), I had to
> leave my neighborhood and ride the subway downtown to a bank's
> main office to perform these tasks. Same story in Philadelphia,
> 1986-88.
>
> And don't even get me started on my current mid-sized
> Ohio city, where my major commercial bank couldn't figure out
> how to send money to the UK except by wire transfer, with a minimum
> $25 fee, which seemed pretty steep to order about $30 of photographs
> from the National Library of Scotland. In fact, once they discovered
> that they had a "corresponding bank" in Edinburgh, they still screwed
> the whole thing up.
>
> The bottom line is that in this area, despite all the blather from
> politicians and others about the "global marketplace," the fact is
> that the U.S. competes poorly because its banks simply don't want
> to bother with smaller transactions.
>
> So, the bottom line is that while I am sympathetic with people from
> abroad who would like to buy from the U. S., I'm limiting my own
> sales to U. S. and Canada, where out banks can seem to manage this
> stuff.
>
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