Money help: How does a shipping broker work? - Help.com

EyeindaSky695
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An Unknown Location

How does a shipping broker work?

I’m currently in a monetary transaction with a man from the UK and I am supposed to hand a certain amount of cash over to his broker.

This open post was written 4 years, 4 months ago | V/U/S: 880, 20, 2 | Edit Post | Leave a reply | Report Post


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Since writing this post EyeindaSky695 may have helped people, but has not within the last 4 days. EyeindaSky695 is a verified member, has been around for 4 years, 5 months and has 18 posts and 287 replies to their name.

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nilpro9 offline Verified User (4 years, 4 months) Long Term User Shouts: 6 #
An Undisclosed Location | 4 years, 4 months ago (5 minutes after post)

hm. do you have contact info for the broker?

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nilpro9 offline Verified User (4 years, 4 months) Long Term User Shouts: 6 #
An Undisclosed Location | 4 years, 4 months ago (5 minutes after post)

never been in this situation myself.

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EyeindaSky695 offline Verified User (4 years, 5 months) Long Term User Shouts: 3 #
An Unknown Location | 4 years, 4 months ago (6 minutes after post)

Yes. Am I just supposed to write him a check or something.

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EyeindaSky695 offline Verified User (4 years, 5 months) Long Term User Shouts: 3 #
An Unknown Location | 4 years, 4 months ago (6 minutes after post)

And then just mail it to the broker.

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nilpro9 offline Verified User (4 years, 4 months) Long Term User Shouts: 6 #
An Undisclosed Location | 4 years, 4 months ago (7 minutes after post)

I would think so, either check or money order/cashier’s check. Maybe you can make a bank transfer.

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nilpro9 offline Verified User (4 years, 4 months) Long Term User Shouts: 6 #
An Undisclosed Location | 4 years, 4 months ago (8 minutes after post)

You could always just call the broker and tell them you’re not too sure how to proceed.

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EyeindaSky695 offline Verified User (4 years, 5 months) Long Term User Shouts: 3 #
An Unknown Location | 4 years, 4 months ago (9 minutes after post)

Thats a good idea. I’ve got his number. Thanks.

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EyeindaSky695 offline Verified User (4 years, 5 months) Long Term User Shouts: 3 #
An Unknown Location | 4 years, 4 months ago (9 minutes after post)

Never would of thought of that…

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nilpro9 offline Verified User (4 years, 4 months) Long Term User Shouts: 6 #
An Undisclosed Location | 4 years, 4 months ago (9 minutes after post)

is it a broker or a brokerage? like a firm?

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nilpro9 offline Verified User (4 years, 4 months) Long Term User Shouts: 6 #
An Undisclosed Location | 4 years, 4 months ago (10 minutes after post)

why the third party?

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EyeindaSky695 offline Verified User (4 years, 5 months) Long Term User Shouts: 3 #
An Unknown Location | 4 years, 4 months ago (11 minutes after post)

Its complicated…give me a sec and I’ll type it.

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nilpro9 offline Verified User (4 years, 4 months) Long Term User Shouts: 6 #
An Undisclosed Location | 4 years, 4 months ago (11 minutes after post)

buying/selling securities?

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EyeindaSky695 offline Verified User (4 years, 5 months) Long Term User Shouts: 3 #
An Unknown Location | 4 years, 4 months ago (12 minutes after post)

The UK guy has a contact in the states that owes him money. The in-debt contact will make a cashiers check out to me for the full amount of money he owes. I’ll withdraw my share and then forward the rest to his broker who will oversee that it gets back to him.

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nilpro9 offline Verified User (4 years, 4 months) Long Term User Shouts: 6 #
An Undisclosed Location | 4 years, 4 months ago (15 minutes after post)

that is complicated.

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EyeindaSky695 offline Verified User (4 years, 5 months) Long Term User Shouts: 3 #
An Unknown Location | 4 years, 4 months ago (18 minutes after post)

Well thanks again for your help. Its much appreciated.

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nilpro9 offline Verified User (4 years, 4 months) Long Term User Shouts: 6 #
An Undisclosed Location | 4 years, 4 months ago (19 minutes after post)

no problem man.

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EyeindaSky695 offline Verified User (4 years, 5 months) Long Term User Shouts: 3 #
An Unknown Location | 4 years, 4 months ago (19 minutes after post)

See you around. I’m gonna go eat.

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nilpro9 offline Verified User (4 years, 4 months) Long Term User Shouts: 6 #
An Undisclosed Location | 4 years, 4 months ago (21 minutes after post)

ok man, enjoy - i’m finishing up here at the office. i’ll be around later.

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