If you are a seller outside of United States and are receiving USD for your goods, you can receive USD to bank account denominated in USD located outside of the United States.
USD is sent to bank accounts outside the United States via the SWIFT payment network. This is might take a day or two longer, sometimes longer. It also costs a bit more, but is still cheaper than more traditional methods of sending money overseas.
How it works if you use InProved to sell gold;
- Complete the form and upload documents;
- Once documents are in order, buyer sends money to Escrow account;
- Seller receives notification of confirmed Escrow and confirmed pickup address;
- Seller sends security company to pick up goods;
- Goods are sealed and put on Air Cargo (consignee address to be confirmed);
- Goods arrive destination airport and are transported to bonded warehouse;
- Transaction is carried out between buyer and InProved;
- Funds are released to seller after goods are weighed and assayed.
InProved supports the transaction by ESCROWING the USD received from the buyer and then SENDING USD to the seller usually located outside of the US. To do this we need to send to seller the transfer via the SWIFT network.
SWIFT and ESCROW incurs additional costs, so we will deduct a fee of 2% to seller's amount to be transferred to pay for this.
Seller's bank or the intermediary bank that passes through on the way may also charge the seller a fee, so the seller might get less. Unfortunately, there's no way for InProved to know what this will be in advance.