Hi, guys. I need advice from those of you that have experience in sales of knives from the U.S. to Canada.
I sold a knife to someone in Canada, and received payment in the form of a Royal Bank of Canada money order. My wife brought the money order in to our bank, The Bank of New York, she was told that there would be a $25 fee to cash it. Later I spoke to someone from Chase bank and was told that any bank would charge a similar fee for cashing a money order from a foreign bank.
Do any of you know where I could cash a Royal Bank of Canada without taking such a large loss?
Alternatively, are there any other forms of payment that could be used that do not present this problem? Maybe then I can send the money order back to the buyer and ask for something else.
What is the standard form of payment for U.S. transactions with Canada?
Thanks for your help.
bls
I sold a knife to someone in Canada, and received payment in the form of a Royal Bank of Canada money order. My wife brought the money order in to our bank, The Bank of New York, she was told that there would be a $25 fee to cash it. Later I spoke to someone from Chase bank and was told that any bank would charge a similar fee for cashing a money order from a foreign bank.
Do any of you know where I could cash a Royal Bank of Canada without taking such a large loss?
Alternatively, are there any other forms of payment that could be used that do not present this problem? Maybe then I can send the money order back to the buyer and ask for something else.
What is the standard form of payment for U.S. transactions with Canada?
Thanks for your help.
bls