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best way to accept large payments?

by nicholasb
5 replies
just wondering what was the best way to accept large payments online.. 30k plus or over

I was thinking of something like escrow.com just want a safe way for a buyer and seller where no one can screw each other, or the payment processor cant screw the seller like paypal.. I refuse to use paypal for a payment this large
#accept #large #payments
  • Profile picture of the author Sham Salih
    Online Payments & Merchant Account Services | PayPoint.net

    escrow is also a good option
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  • Profile picture of the author himanuzo
    Bank transfer is safe for large payment - $10,000+

    If you don't know profile of the receiver, escrow.com is the best way.
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  • Profile picture of the author Industrialist
    Yes I definitely think that a wire transfer is the safest way to go because claiming the money back should be a smooth process if any problems arise, that of course relies on the person not withdrawing the funds and disappearing off the face of the earth with your money.

    All transfer systems have pros and cons, most also have features which will allow either seller or buyer to play foul, the most fundamental element in a good transaction is trust between all parties involved, if you can't achieve that then escrow is your best option, however rather costly in my opinion.
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  • Profile picture of the author bizideas
    I recommend doing a wire transfer.
    It's bank to bank with lower fraud risk and the fees are minimal.
    Smart not to accept Paypal on such a large transaction.
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