LebGeeks

infiniteloop

Member

Selling to abroad, how can we get paid here?

Ok let's say I find someone I trust to buy my camera and lenses, but he's in Europe.
How can I get paid knowing the actual crazy situation in Lebanon?
Cash United and western Union accept to pay in Euros or $? or they pay in lbp only?

TheIlluminative

Member

Re: Selling to abroad, how can we get paid here?

Ok let's say I find someone I trust to buy my camera and lenses, but he's in Europe.
How can I get paid knowing the actual crazy situation in Lebanon?
Cash United and western Union accept to pay in Euros or $? or they pay in lbp only?

OMT pays in $ now. But they take 2% from you. I guess they will charge him between $10-$20, depends on the amount.

xazbrat

Member

Re: Selling to abroad, how can we get paid here?

Or regular bank wires---they have become a lot cheaper for the sender now, especially in countries not named Lebanon.

infiniteloop

Member

Re: Selling to abroad, how can we get paid here?

Nah no banks, I need the cash, banks are virtual numbers here

Hybrid

Member

Re: Selling to abroad, how can we get paid here?

Banks will give you the dollars in USD if it's fresh money... Unless not all banks do that? (I know Audi does it with a limit of around $2500 per day or week)

Also, OMT/WU might not give you the full amount in USD, let's say after the 2% they have to pay you $438, they will give you $400 and tell you they don't have $38 and will give you that in LBP at 7000LBP rate or so

xazbrat

Member

Re: Selling to abroad, how can we get paid here?

Nah no banks, I need the cash, banks are virtual numbers here

If the money is from abroad, you will be able to draw actual dollar bills or send the money abroad if you wish.  OMT/WU may pay you in actual dollars, but since supply is short, a lot of it will come in LL at the black market rate.  Unfortunately, direct p2p payment systems are limited in this country and there are no good options.

samer

Admin

Re: Selling to abroad, how can we get paid here?

Pick your poison:

- Fresh dollar account: requires trusting a bank
- Stablecoins / crypto: requires cashing out by exchanging with someone via a telegram group
- OMT / WU: high fees as outlined above, and not guaranteed to get paid in USD.