Just FYI - international transfers are what makes the world go around.
That’s how you play for imports, containers ... anything that comes from China is all transfers.
You supply the buyer with your account number and a bank SWIFT number - the whole process takes 2-3 mins to do on my banks website. Money goes from your bank to their bank instantly.
Almost every transaction in NZ is bank to bank. The largest one I ever did was 1.1m dollars for a property. When I was in the furniture game, I was sending 20-40k a time for containers of sofas, 100 containers a year.
There seems to be this paranoia in the US about them.
I have been paying for pins and parts in the States recently though international transfer - but it takes some talking and explaination before people will take them.
My fee for me sending an international one is $15 NZD (not a percentage). The fee to accept one is $0. I get the best exchange rate doing it this way. No extra margin like PayPal or Western Union etc.
Re reversals - Last week, a friend had an issue with a purchase - long story, but he sent someone in NZ $100 to purchase something and didnt get it. That doesn’t happen very often here. So he contacted his bank - to reverse the payment he needed to file a police report and give it to the bank. So you just can’t cancel it and reverse it, unless you have a valid reason and jump through hoops.
Just my 10c ...
rd