SlavicScott Posted February 17, 2006 Report Share Posted February 17, 2006 German eBay auction can anyone help me translate the terms of this auction? I see he only ships to Europe (I can figure that much out), but what are his payment terms?? I really like the look of this piece, and it's something I have never seen before. Link to comment Share on other sites More sharing options...
jlueke Posted February 17, 2006 Report Share Posted February 17, 2006 It looks like just Überweisung which is the direct checking to checking account method they have in Europe. Link to comment Share on other sites More sharing options...
Sir Sisu Posted February 17, 2006 Report Share Posted February 17, 2006 It looks like just Überweisung which is the direct checking to checking account method they have in Europe. Yep, all we need to know here is the seller's IBAN and SWIFT code (every bank account has one) and we can make a direct bank transfer to €uro countries via the net with no additional charges. Link to comment Share on other sites More sharing options...
tabbs Posted February 17, 2006 Report Share Posted February 17, 2006 Yep, all we need to know here is the seller's IBAN and SWIFT code (every bank account has one) and we can make a direct bank transfer to €uro countries via the net with no additional charges. Right, and that is what is the seller wants and accepts. From what I have read, some banks in some European countries (Spain and Greece for example) charge extra for such transfers, thus violating EU regulations. Seems they get away with it ... Transfers within Germany, and to Austria, Belgium and the Netherlands, work fine for me. In addition to the BIC (or "Swift code") and the IBAN, some banks want more info, like the recipient's name and location; no idea if entering that info is actually necessary. And I have not tried transfers to/from Finland yet ... Christian Link to comment Share on other sites More sharing options...
ageka Posted February 17, 2006 Report Share Posted February 17, 2006 Right, and that is what is the seller wants and accepts. From what I have read, some banks in some European countries (Spain and Greece for example) charge extra for such transfers, thus violating EU regulations. Seems they get away with it ... Transfers within Germany, and to Austria, Belgium and the Netherlands, work fine for me. In addition to the BIC (or "Swift code") and the IBAN, some banks want more info, like the recipient's name and location; no idea if entering that info is actually necessary. And I have not tried transfers to/from Finland yet ... Christian Transfers in euro between euro accounts between countries that signed the agreement are at the same cost as an inland banktransfer for the sender ( like half a euro) and no cost at all for the receiver provided full BIC ( Bank Identifer Code) and IBAN ( International Bank account number ) are used Spain as been named by my bank as not conforming all the time I paid to the UK to a person who had a Euro account and that worked On the other hand Monaco made me pay 20 euro cost In my opinion the guy will ship to the US if you can get the money there without cost but be aware the US did not sign the bilateral post agreement so insured mail to the US is not possible only registered mail I added a link http://www.ecbs.org/iban.htm Link to comment Share on other sites More sharing options...
Sir Sisu Posted February 17, 2006 Report Share Posted February 17, 2006 And I have not tried transfers to/from Finland yet ... I have made such transfers to Germany, France, Belgium and even Portugal without a problem. Transfers in euro between euro accounts between countries that signed the agreement are at the same cost as an inland banktransfer for the sender ( like half a euro) and no cost at all for the receiver provided full BIC ( Bank Identifer Code) and IBAN ( International Bank account number ) are used... Yes, my bank stresses this. If the bank has to correct any error or fill in a number/letter or complete the info in any way, then I will be charged a handling/service fee. Link to comment Share on other sites More sharing options...
josemartins Posted February 17, 2006 Report Share Posted February 17, 2006 Also have made this kind of transfers to Germany, The Netherlands and Italy with no problems and to Spain with several problems, will advise to get another way to make your payments to a Spainish seller. Jose Link to comment Share on other sites More sharing options...
jlueke Posted February 17, 2006 Report Share Posted February 17, 2006 Yep, all we need to know here is the seller's IBAN and SWIFT code (every bank account has one) and we can make a direct bank transfer to €uro countries via the net with no additional charges. I wonder why we don't do that here. Link to comment Share on other sites More sharing options...
tabbs Posted February 17, 2006 Report Share Posted February 17, 2006 I wonder why we don't do that here. It's kind of odd indeed: On one hand the US is among the most advanced countries when it comes to "the cashless society" - on the other hand, means of payment such as checks are still common there. We mostly use money transfer and direct debit payments here, and debit (and to a lesser extent credit) cards for "plastic" payments, and cash (a lot), but checks are pretty much extinct in DE. Note, however, that when Sir Sisu writes "no additional charges", this just means that the transfer charge to a €-based account abroad must be the same as a domestic transfer. Somebody who pays for every transaction would of course be charged; I have a "free" account so a transfer to Berlin or Brussels would not cost me a cent ... Christian Link to comment Share on other sites More sharing options...
tabbs Posted February 17, 2006 Report Share Posted February 17, 2006 it's something I have never seen before Well, it's a very common type of payment here. In case you bid and win, and the seller wants the amount to be transferred via Überweisung, let me know. Christian Link to comment Share on other sites More sharing options...
Trantor_3 Posted February 17, 2006 Report Share Posted February 17, 2006 hehe, I think Kuhli meant the coin with that... Link to comment Share on other sites More sharing options...
tabbs Posted February 17, 2006 Report Share Posted February 17, 2006 You may well be right. Guess the double question mark "led" me in the wrong direction ... Christian Link to comment Share on other sites More sharing options...
ageka Posted February 17, 2006 Report Share Posted February 17, 2006 I have had to instruct many german , french , italian vendors in BIC and IBAN I have two tests first tester is the IBAN The first two figures after the country are the restsum of an algoritm The test you can download here http://www.iban-calculator.de/ If a BIC exists and is operational you can test here http://www.swift.com/biconline/index.cfm I used to go to the bank to pay because if I sit there and the numbers are rejected I do not have to pay Now I check them at home My cost is 0.5 euro because I do not pay enough fixed cost to have a "free" account On top of the numbers you need the name of the accountholder or the computer system in belgium will refuse submittal Link to comment Share on other sites More sharing options...
ageka Posted February 17, 2006 Report Share Posted February 17, 2006 The EEC forced all member banks by EEC legislation to drop the 20 euro per transfer cost and do an electronic transfer for the price of an inland transfer to all euro member countries The banks retaliated with a cost for having a bank account and for using it and now they try to make you pay to get cash out of a machine Also they ask 0.5 euro for a check and the check no longer is covered by any guarantee They also upped the price of debtor cards to around 20 euro Our euro card / master card is not a credit card All outstanding sums have to be paid per month Link to comment Share on other sites More sharing options...
tabbs Posted February 17, 2006 Report Share Posted February 17, 2006 Our euro card / master card is not a credit card All outstanding sums have to be paid per month Hmm, I don't use a MasterCard, but I know that with my Visa card (I am in DE) I could use the credit option. Maybe that depends on the country and/or the issuing bank? On the other hand, I do not want that credit but pay 100% back every month. I prefer to keep all my arms and legs. Christian Link to comment Share on other sites More sharing options...
ageka Posted February 17, 2006 Report Share Posted February 17, 2006 Hmm, I don't use a MasterCard, but I know that with my Visa card (I am in DE) I could use the credit option. Maybe that depends on the country and/or the issuing bank? On the other hand, I do not want that credit but pay 100% back every month. I prefer to keep all my arms and legs. Christian Visa is a credit card in belgium too but costs a lot more just to have it then eurocard/mastercard and since I use the card mainly on business travel I want to pay off every month anyway Link to comment Share on other sites More sharing options...
SlavicScott Posted February 17, 2006 Author Report Share Posted February 17, 2006 Again, this is why I love this place so much. I asked a question hoping to get some of the basic facts I needed, but instead got a full education on this, with answers to several other questions I hadn't considered to ask. Christian, I am watching this auction. I am still debating on whether or not I want to jump into it. If I do, I will PM to negotiate some assistance. Thanks! As I often spend time browsing some of the European eBays, and dealing with European coin dealers, I have many time seen the requests for IBAN transfers. (now I know what IBAN means, and have a much better understanding of the system). I wonder, are there any American banks that participate in this system, or perhaps even American branches of European banks, where I might be able to go and open account in order to use such a transfer service?? Link to comment Share on other sites More sharing options...
ageka Posted February 17, 2006 Report Share Posted February 17, 2006 You need a euro account in a euro country I guess a euro account in germany would be the most logical thing I think most banks would be able to offer that only the price would vary My friend is an american retired coindealer he pays paypall If nothing else works, I pay for him Link to comment Share on other sites More sharing options...
jlueke Posted February 18, 2006 Report Share Posted February 18, 2006 Visa is a credit card in belgium too but costs a lot more just to have it then eurocard/mastercard and since I use the card mainly on business travel I want to pay off every month anyway I tried to get a Cash advance off my Visa in Germany and the bankers looked at me like I was crazy. Finally one of them figured out to send me to a Citybank branch, Citibank does handle VISA whereevr they are. But Germany was very MasterCard biased. Link to comment Share on other sites More sharing options...
tabbs Posted February 18, 2006 Report Share Posted February 18, 2006 Hmm, strange. Germany is very "balanced" in that regard: There are about 10 million Visa cards and 11 million MasterCards in DE. Relatively low figures (since over here credit cards are used to a much lesser extent than the EC/Maestro debit cards that practically everybody has), but in Germany Visa and MC are about equally widespread ... Christian Link to comment Share on other sites More sharing options...
Sir Sisu Posted February 18, 2006 Report Share Posted February 18, 2006 I tried to get a Cash advance off my Visa in Germany and the bankers looked at me like I was crazy. Finally one of them figured out to send me to a Citybank branch, Citibank does handle VISA whereevr they are. But Germany was very MasterCard biased. In Hamburg I just went to one of the foreign exchange kiosks and "purchased" money with my Visa. Link to comment Share on other sites More sharing options...
jlueke Posted February 18, 2006 Report Share Posted February 18, 2006 Well if you are ever in Wattenscheid, don't try to explain a Visa cash advance to anyone except the people at Citibank Link to comment Share on other sites More sharing options...
ageka Posted February 18, 2006 Report Share Posted February 18, 2006 Well if you are ever in Wattenscheid, don't try to explain a Visa cash advance to anyone except the people at Citibank I got Swiss Franks in Basel with my Eurocard/Mastercard but then again it was a branch of the National Bank and the amount was very restricted On the other hand any supermarket will give me a few hundred euro in cash with my Maestro Bank Card with ID chip Link to comment Share on other sites More sharing options...
tabbs Posted February 19, 2006 Report Share Posted February 19, 2006 Well if you are ever in Wattenscheid, don't try to explain a Visa cash advance to anyone except the people at Citibank OIC. In general I try to avoid this anyway - cash advance that is. One time in a store my Maestro card could not be "read", and they did not accept credit cards. So I went to an ATM, tried the Maestro - did not work there either (later I was told that the magnetic stripe was damaged), so I used the credit card. Now that basically was a cash advance, and it cost me dearly. Fortunately the Maestro cards are now accepted in much of the US as well. So I have two "plastic wallets" without having to have two credit cards ... Errm, where were we? Ah yes. Two bids on that 1 dinar piece so far. Christian Link to comment Share on other sites More sharing options...
ageka Posted February 19, 2006 Report Share Posted February 19, 2006 My american friend is a retired coindealer I asked him about the Dinar He said he used to pay those like 4$ per pound mixed with all the rest of estate miscelleaneous coins So I understand that postage probably will cost as much or more then the coin ? Link to comment Share on other sites More sharing options...
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