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SNATH
Topic Author
Posts: 3049
Joined: Mon Mar 29, 2004 5:23 am

Payment By Bank Transfer - Common?

Mon Jul 11, 2011 4:52 pm

Hi all,

I've been recently contacted by two separate people who are interested in licensing a couple of my images. They offer to pay by bank transfer. So far I've only dealt with paypal payments. Is bank transfer common? I'm a bit worried about giving my account details. But I should point out that both customers are corporations instead of individuals.

Thanks,

Tony
Nikon: we don't want more pixels, we want better pixels.
 
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clickhappy
Posts: 9175
Joined: Thu Sep 13, 2001 12:10 pm

RE: Payment By Bank Transfer - Common?

Mon Jul 11, 2011 4:53 pm

Bank transfers are quite common, especially with European customers.
 
whisperjet
Posts: 504
Joined: Mon Nov 12, 2007 6:27 pm

RE: Payment By Bank Transfer - Common?

Mon Jul 11, 2011 5:22 pm

Can only confirm what Royal said.
In Germany for example it is by far the most widespread payment method.

Stefan
Nobody is perfect - not even a perfect fool.
 
SNATH
Topic Author
Posts: 3049
Joined: Mon Mar 29, 2004 5:23 am

RE: Payment By Bank Transfer - Common?

Mon Jul 11, 2011 5:23 pm

Thanks for the prompt reply, Royal.

Tony
Nikon: we don't want more pixels, we want better pixels.
 
dendrobatid
Posts: 1647
Joined: Sat Nov 06, 2004 3:40 pm

RE: Payment By Bank Transfer - Common?

Mon Jul 11, 2011 8:14 pm

I agree, Bank Transfers are quite common and, especially if you are receiving money in a currency different to your own, it is far cheaper than getting cheques.

Paypal is very straightforward but most businesses will not use it at all

Mick Bajcar
 
jwenting
Posts: 9973
Joined: Mon Apr 23, 2001 10:12 pm

RE: Payment By Bank Transfer - Common?

Tue Jul 12, 2011 7:27 am

I would accept nothing else. Paypal I don't trust, I don't have a merchant account so can't accept creditcard payments, wire transfer is expensive and not secure, and checks are too insecure and slow (takes me days to find a bank that will even cash one, most banks here have stopped accepting them and the few remaining charge high fees).
I wish I were flying
 
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Fly-K
Posts: 3009
Joined: Thu May 04, 2000 4:26 pm

RE: Payment By Bank Transfer - Common?

Tue Jul 12, 2011 7:37 am

Bank transfers are common with corporate customers.
While I usually prefer PayPal as the charges are minimal, a bank transfer is still easier than a cheque, where the bank fees eat up a good part of the amount. Which reminds me, last week a Middle Eastern airline fedexed me a cheque (the amount wasn't very high), so the cost of Fedex plus the charges my bank will take from me will probably be higher than the amount. Not very efficient.
Once you have tasted flight, you will forever walk the earth with your eyes turned skyward, for there you have been...
 
viv
Posts: 2953
Joined: Tue May 31, 2005 5:17 pm

RE: Payment By Bank Transfer - Common?

Tue Jul 12, 2011 10:34 am

Bank transfer is much safer than Paypal. I use nothing else.
Nikon D700, Nikkor 80-400, Fuji X Pro 1, Fujinon 35 f/1.4, Fujinon 18 f/2

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