Difficult question
Submitted by Gareth on Fri, 11/19/2010 - 11:28
In reply to A newbie all over again! by Annec
This is not an easy thing to resolve. If your Italian buyer does not want to transfer the funds to your UK bank account because of the expense then the only realistic way is through your bank account. There are other routes like Western Union but they are much more expensive than the bank. My main worry would be the currency exchange which you will lose out on if you are converting to GBP from Euro in the transfer. The banks normally take about 4% in this transfer between the sell and buy price on the currency. I work for a company that could do it for 1%, if you are interested, but that does not resolve the issue of how to get the money from your Italian buyers bank back to the UK. Maybe you should offer to pay his charges and that could be the quickest way, rather than having to go through your bank first. Sorry I can't be more help.
