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Getting a tablesaw #3: Wire Transfer

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Blog entry by nakamaruchi posted 02-21-2008 05:33 PM 837 reads 0 times favorited 7 comments Add to Favorites Watch
« Part 2: Getting a Festool Multifunction table Part 3 of Getting a tablesaw series Part 4: There must be a lot of trouble in using Festool »

I found a retailer which can send us Festool items. I thought I could get Festools again finally.
But that shop will never receive my PayPal account because of type of my PayPal account . Though they require confirmed address, we Japanese can’t have it through PayPal. Dead-end again.

But I couldn’t give up, so I approached again and that shop allowed me to trade through bank wire transfer. ——that was fantastic!

But again I researched about international bank wire transfer on the internet, it seems to be very complicated.

Firstable , I must pay handling charge to Japanese bank. That will be at least $30. And apparently intermidiate agent will get a secondary handling fee—that will be from $10 to $20. At the end receiving commission is required by receiveing bank—that will be about $10. And last two handling charge is unknown to Japanese bank, they will withdraw their comission from the total amount. So I can’t know how much I must pay at first. And we can’t do it on the internet yet !——very old-fashioned way isn’t it ?

Mmmmmmm. There must be a long way !

-- Satoru Nakamaru, Japan ---It takes twenty years to make an overnight success. -- And if my English is strange or incorrect, please tell me.



7 comments so far

View GaryK's profile

GaryK

10262 posts in 2710 days


#1 posted 02-21-2008 05:35 PM

Credit card? Visa or Mastercard?

-- Gary - Never pass up the opportunity to make a mistake look like you planned it that way - Tyler, TX

View nakamaruchi's profile

nakamaruchi

39 posts in 2536 days


#2 posted 02-21-2008 05:38 PM

Gary,
Of course I have both of them. But some retailers don’t accept Japanese credit card. Although most of them can receive it. International trading is very difficult.

-- Satoru Nakamaru, Japan ---It takes twenty years to make an overnight success. -- And if my English is strange or incorrect, please tell me.

View GaryK's profile

GaryK

10262 posts in 2710 days


#3 posted 02-21-2008 06:13 PM

A credit card should be a credit card. I have used mine in many countries including Japan.
I have used it in person and via the internet.

-- Gary - Never pass up the opportunity to make a mistake look like you planned it that way - Tyler, TX

View Bulldog's profile

Bulldog

7 posts in 2474 days


#4 posted 02-21-2008 06:30 PM

You might check into ING.com – they are an internet bank. You might also try bank of america:
Sanno Park Tower
11-1, Nagata-cho 2-chome, Chiyoda-ku , Tokyo
ZIP 100-6115
TEL (03)3508-5800 (+81-3-3508-5800)
FAX (03)3508-5922 (+81-3-3508-5922)

Good luck.

-- Bulldog

View nakamaruchi's profile

nakamaruchi

39 posts in 2536 days


#5 posted 02-22-2008 04:09 AM

Gary,
I know that. I have no trouble in using my card. But some retailar don’t accept it for international order.

-- Satoru Nakamaru, Japan ---It takes twenty years to make an overnight success. -- And if my English is strange or incorrect, please tell me.

View Dorje's profile

Dorje

1763 posts in 2719 days


#6 posted 02-22-2008 08:11 AM

How about calling a japanese tool dealer here in the states to find out if the have any good advice…

try Hida tool

-- Dorje (pronounced "door-jay"), Seattle, WA

View Sawdust2's profile

Sawdust2

1467 posts in 2810 days


#7 posted 02-22-2008 12:22 PM

Wow. I do international wire transfers often. Usually costs $12.
Easiest if you can find a common bank. Such as ING. Many banks have correspondent banks in the country you want to deal with and transfers are much easier.
Just goes to show the differences in international businesses.

-- No piece is cut too short. It was meant for a smaller project.

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