Quoting from [rajesh_bangkok]:

WHEN YOUR BUYER FILLS OUT THE TT APPLICATION FORM , THERE IS USUALLY A BOX WHICH SAYS "PAY IN FULL" OR "OVERSEAS BANK CHARGES ON ACCOUNT OF BENEFICIARY / REMITTER" .

TRY TO REMIND YOUR BUYER TO TICK (CHECK MARK) THE BOX "PAY IN FULL" OR LIKEWISE.

IN MY 15 YEARS AS AN EXPORTER I HAVE COME ACROSS VERY FEW BUYERS WHO ARE WILLING TO PAY THE OVERSEAS BANK CHARGES.

THESE CHARGES ARE BEST TREATED AS AN EXPENSE OR IF YOUR AMOUNT IS SMALL YOU CAN ADD IT TO YOUR PRICE .

HAPPY EXPORTING !

 

 

Quoting from [KZAR]:

Sir,

I sent material to Australia under terms:Payment 100% in advance by telegraphic transfer.And All telegraphic transfer charges on buyers account.

I received $ 25 short payment.My client says he paid transfer charges to his bank .And the intermediary bank cut $ 25.

So,as per my terms is he not liable to pay the $ 25 deducted by the intermediary bank.


And if not who is liable to pay the amount.



Thanks and Regards

Quoting from [promotif]:

Quoting from [rajesh_bangkok]:

WHEN YOUR BUYER FILLS OUT THE TT APPLICATION FORM , THERE IS USUALLY A BOX WHICH SAYS "PAY IN FULL" OR "OVERSEAS BANK CHARGES ON ACCOUNT OF BENEFICIARY / REMITTER" .

TRY TO REMIND YOUR BUYER TO TICK (CHECK MARK) THE BOX "PAY IN FULL" OR LIKEWISE.

IN MY 15 YEARS AS AN EXPORTER I HAVE COME ACROSS VERY FEW BUYERS WHO ARE WILLING TO PAY THE OVERSEAS BANK CHARGES.

THESE CHARGES ARE BEST TREATED AS AN EXPENSE OR IF YOUR AMOUNT IS SMALL YOU CAN ADD IT TO YOUR PRICE .

HAPPY EXPORTING !

 

 

Quoting from [KZAR]:

Sir,

I sent material to Australia under terms:Payment 100% in advance by telegraphic transfer.And All telegraphic transfer charges on buyers account.

I received $ 25 short payment.My client says he paid transfer charges to his bank .And the intermediary bank cut $ 25.

So,as per my terms is he not liable to pay the $ 25 deducted by the intermediary bank.



And if not who is liable to pay the amount.




Thanks and Regards

good suggestion: add some expense on the price.

I have experinenced this many times.  What is happening is there is an intermediary Bank that is taking their cut.   Your customer may have paid his bank his fee and you have paid your banks fee.  However, there is an intermediary bank also taking a cut.  To no ones fault.

My experience is that it is far easier to build in a probable 15.00 to 25.00 extra charge into your price either in the freight or basic price.  This is far easier than getting into a pissing contest with your customer about who did or didn't pay their fee. 

Don't argue about this with your customer.  It is small potatoes to be arguing over something that will never get resolved.  In truth, the wiring bank should be able to tell you why and which intermediary bank will be deducting this charge. 

But, as I said, getting this information seems to be more difficult and problematic than just building in the charge and forgetting about it - Then everyone stays happy.

HI THERE,

EVENTUALLY RECIEVER NO NEED TO PAY ANY FEE. SENDER WILL BE REQUIRED TO PAY.

THIS IS HOW IT HAPPENS IN YOUR SCENARIO, THIS BUYER BROUGHT USD1000 CASH TO TT YOU. THEN THE BANKER ASKED FOR A FEE USD50 FOR THE SERVIES. SO THIS FELLOW DIDNT BRING ANY EXTRA CASH BUT USD1000. SO HE PAY USD50 TO THE BANK AND LEFT USD950 FOR YOU.

REGARDS

MR LAW

 

 

Quoting from [KZAR]:

Sir,

I sent material to Australia under terms:Payment 100% in advance by telegraphic transfer.And All telegraphic transfer charges on buyers account.

I received $ 25 short payment.My client says he paid transfer charges to his bank .And the intermediary bank cut $ 25.

So,as per my terms is he not liable to pay the $ 25 deducted by the intermediary bank.

And if not who is liable to pay the amount.


Thanks and Regards

Quoting from [KZAR]:

Sir,

I sent material to Australia under terms:Payment 100% in advance by telegraphic transfer.And All telegraphic transfer charges on buyers account.

I received $ 25 short payment.My client says he paid transfer charges to his bank .And the intermediary bank cut $ 25.

So,as per my terms is he not liable to pay the $ 25 deducted by the intermediary bank.

And if not who is liable to pay the amount.


Thanks and Regards

Dear Friend,

In my case my bank also charged me with processing fee of about US$30.00 everytime my clients send me money. When your Customer sent you the the money it could have been that your bank is charging you also. Kindly check with your local bank.

Best regards,

Quoting from [rajesh_bangkok]:

WHEN YOUR BUYER FILLS OUT THE TT APPLICATION FORM , THERE IS USUALLY A BOX WHICH SAYS "PAY IN FULL" OR "OVERSEAS BANK CHARGES ON ACCOUNT OF BENEFICIARY / REMITTER" .

TRY TO REMIND YOUR BUYER TO TICK (CHECK MARK) THE BOX "PAY IN FULL" OR LIKEWISE.

IN MY 15 YEARS AS AN EXPORTER I HAVE COME ACROSS VERY FEW BUYERS WHO ARE WILLING TO PAY THE OVERSEAS BANK CHARGES.

THESE CHARGES ARE BEST TREATED AS AN EXPENSE OR IF YOUR AMOUNT IS SMALL YOU CAN ADD IT TO YOUR PRICE .

HAPPY EXPORTING !

 

 

Quoting from [KZAR]:

Sir,

I sent material to Australia under terms:Payment 100% in advance by telegraphic transfer.And All telegraphic transfer charges on buyers account.

I received $ 25 short payment.My client says he paid transfer charges to his bank .And the intermediary bank cut $ 25.

So,as per my terms is he not liable to pay the $ 25 deducted by the intermediary bank.


And if not who is liable to pay the amount.



Thanks and Regards

Sir,

     Usually sender's bank take charges and correspondence bank take charges but all these charges has to pay from sender's side.i think you do not think much about 25 $ just inform your partner buyers that they must pay next time charges of their own bank in their own country and correspondence bank charges as well for TT transfers from account to account.

its enough now.

Thanks Rajesh



Nice to read your advice.I will remember it in future transactions.

Have a nice day!!

Kaizar

www.ammuindustries.com

Quoting from [rajesh_bangkok]:

WHEN YOUR BUYER FILLS OUT THE TT APPLICATION FORM , THERE IS USUALLY A BOX WHICH SAYS "PAY IN FULL" OR "OVERSEAS BANK CHARGES ON ACCOUNT OF BENEFICIARY / REMITTER" .

TRY TO REMIND YOUR BUYER TO TICK (CHECK MARK) THE BOX "PAY IN FULL" OR LIKEWISE.

IN MY 15 YEARS AS AN EXPORTER I HAVE COME ACROSS VERY FEW BUYERS WHO ARE WILLING TO PAY THE OVERSEAS BANK CHARGES.

THESE CHARGES ARE BEST TREATED AS AN EXPENSE OR IF YOUR AMOUNT IS SMALL YOU CAN ADD IT TO YOUR PRICE .

HAPPY EXPORTING !

Quoting from [KZAR]:

Sir,

I sent material to Australia under terms:Payment 100% in advance by telegraphic transfer.And All telegraphic transfer charges on buyers account.

I received $ 25 short payment.My client says he paid transfer charges to his bank .And the intermediary bank cut $ 25.

So,as per my terms is he not liable to pay the $ 25 deducted by the intermediary bank.


And if not who is liable to pay the amount.



Thanks and Regards

My Invoice value was USD 350


My client paid USD 350+USD 18 as transfer fee in Australia


JP Morgan Chase USA cut USD 25


I got USD 325 in India


Total 0f USD 43 .Isnt that exorbitant ???


Why Should the intermediary bank cut charges I dont understand?


Quoting from [Harvey]:

Quoting from [KZAR]:

Sir,

I sent material to Australia under terms:Payment 100% in advance by telegraphic transfer.And All telegraphic transfer charges on buyers account.

I received $ 25 short payment.My client says he paid transfer charges to his bank .And the intermediary bank cut $ 25.

So,as per my terms is he not liable to pay the $ 25 deducted by the intermediary bank.


And if not who is liable to pay the amount.



Thanks and Regards

Dear All,

Can you imagine that I only get USD118 after the T/T,while my customer paid me USD150 actually for the samples.

I really can not afford to use this bank any more !

Wish you all the best !

Harvey

Quoting from [KZAR]:

Sir,

I sent material to Australia under terms:Payment 100% in advance by telegraphic transfer.And All telegraphic transfer charges on buyers account.

I received $ 25 short payment.My client says he paid transfer charges to his bank .And the intermediary bank cut $ 25.

So,as per my terms is he not liable to pay the $ 25 deducted by the intermediary bank.

And if not who is liable to pay the amount.


Thanks and Regards

Normally the remitting bank will ask the customer if he is paying chrges for both remitting and receiving bank.

$25 dollars sound like charges for the remitting bank only not the receiving bank. So your customer would have only paid for his side in which case your bank would deduct the advising fee on your side.

Ask you customer to verify with his bank on the charges and if the bak has charged him so low for 2 sets of bank payments (which I do not thoink banks will do) then his bank must forward te advising fee on and you receive the full amount.

You can hol dthe shipment until the customer send you the balance of $25 which will cost him (in Australia) about $60 plus $25 to send......

I would think out of consideration for future business/friendship, to absorb this charge by the intermediary bank. Because to make a fuss over a small amount is not very good towards fostering a longer term business relationship.

However, if it is of concern to you. Probably, you could anticipate this charge in future by adding the amount to your selling price then you will charge it to your buyer instead.

Cheerios.

Dear Sir

As per your details it is the problem with sellers bank to get the payment done.

REgards

Siddik

 

 

Quoting from [KZAR]:

Sir,

I sent material to Australia under terms:Payment 100% in advance by telegraphic transfer.And All telegraphic transfer charges on buyers account.

I received $ 25 short payment.My client says he paid transfer charges to his bank .And the intermediary bank cut $ 25.

So,as per my terms is he not liable to pay the $ 25 deducted by the intermediary bank.

And if not who is liable to pay the amount.


Thanks and Regards