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Question about shipping to Canada payment

Started by paul hart, 12/15/2007 05:05PM
Posted 12/15/2007 05:05PM | Edited 12/15/2007 05:05PM Opening Post
I have a buyer in Canada interested in an eyepiece that I am selling.
My question is about payment. I don't take Pay Pal only M.O. or check. I'm not sure of what the proceedure would be as far as currency exchange and how I would cash said M.O. or check.
Posted 12/15/2007 05:53PM #1
The buyer can send you a Canada Post MO payable in US funds that can be cashed at any USPS office without service charge. I have done this for as much as $350US, never a problem after 50 or so transactions.

Bank drafts can be used for large dollar value. In these cases, the Canadian banks transfer the account to a New York bank which makes it very easy for the receiver to deposit in a US bank. I've done this one or twice for as much as $1800US.

Your bank may levy a service charge for any cheques from outside the country. Most Canadian banks will also charge a hefty service fee to the issuer for any US cheques unless the account is in US funds. Because of the service fees which can be as high as $30 at each end, cheques are not a good way to go.

hope this helps,
dan