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Transfering money abroad-Ebay problem

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Old 04 August 2004, 06:47 PM
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Bonehead
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Default Transfering money abroad-Ebay problem

I've just won an ebay auction in germany. Whilst having one of my muppet moments I bid on the item thinking the seller accepted paypal - he doesn't!
He does accept a money transfer from IBAN and/or BIC(Swift).
Before I start trying to get out of the auction - has anyone used either of these systems?
If it means giving out some bank details then I'm just about to close an account so I can use that.

BTW Can anyone recomend a better German to English online translator than Google?
My german's very rusty but some of the stuff its coming out with is just plan odd!
Old 04 August 2004, 11:14 PM
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albob
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http://babelfish.altavista.com/translate.dyn - dont know if its better tho'

IBAN (international bank account number) or SWIFT are quite normal (and safe) means of moving money between bank accounts. costs are £15-£25.
You are only giving out the same details that you are on giving out on your 'paper' cheques - they can't clear out your account!!! I've used it several times (biggest purchase was my 'scooby' from Holland!!) - no problems

alan

Last edited by albob; 04 August 2004 at 11:17 PM.
Old 05 August 2004, 12:03 AM
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BedHog
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If your paying you don't give any details.

He gives you an IBAN No. and a SWIFT/BIC number then you call your bank and transfer.

You will also need his name, bank name and bank location (preferably address)

I just did one (Portugal) and it cost £17. Arrived next day though which was impressive.
Old 05 August 2004, 08:30 AM
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mike1210
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cheers for this guys ive got the same problem at the moment. Luckily for me the guy does speak english though
Old 05 August 2004, 10:40 AM
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Wurzel
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Bank transfers or Überweisung is very very common in Germany and not something to worry about passing on bank account details is an everyday accourance here, the Germans are a very trusting race and I transfer money around with perfect strangers all the time with no problems. But as you are doing the paying you will have no problem using IBAN /SWIFT/BIC but bear in mind the exchange rates and bank charges in doing so. IBAN/SWIFT/BIC is free to use unless you do it in different currencies ie Pounds to Euros or vice versa.
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