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Money News
Payment FAQFriday, November 20, 2009

  1. How do I Fund my account?
  2. What is your preferred payment method?
  3. What is the Clearing Period for paper payments (check, money order, or cashier's check)?
  4. Do you accept Money Orders/Cashier's Checks?
  5. Do you accept Electronic Checks (ACH Payments)?
  6. Do you accept Credit Cards?
  7. Do you accept PayPal?
  8. Do you accept Cash?
  9. Can I use an Escrow Service to pay you?
  10. Do you accept Third Party payments?
  11. What is your payment address?
  12. When is my payment due?


How do I Fund my account?

Although it is not normally required to fund your account prior to trading, you may send your payment with your account number on the Memo line to the address listed in the Payment Instructions section (under Member Services).

Please note that bank wiring information will appear in the Payment Instructions section once your Amounts Due exceeds $5000.

What is your preferred payment method?

Personal Check. This is generally the easiest and most cost effective payment method. In addition, the Clearing Period for a check payment generally coincides with our order flow process.

What is the Clearing Period for paper payments (check, money order, or cashier's check)?

Our Clearing Period for paper payment instruments is 7(seven) business/banking days. Although most paper payments may clear in a very short period, our Clearing Period is necessary to protect us against NSF or fraud.

Due to the number of payments we process, we are unable to call on each payment to verify its date of clearance. Furthermore, due to recent changes in banking privacy policy, most banks are unable/unwilling to verify the needed information to validate the clearance of a check.

Do you accept Money Orders/Cashier's Checks?

Yes. We do accept Money Orders and Cashier's Checks although there is no benefit with regards to the Clearing Period. Furthermore, this payment type may be subject to IRS Cash Reporting requirements.

Do you accept Electronic Checks (ACH Payments)?

No. We are not set up to process Electronic Checks at this time. However, many of our customers use a Bill Pay service to pay us. A Bill Pay service will not require Bullion Direct's bank account information but merely our payment address (see Payment Instructions under Member Services) and your Bullion Direct account number for reference.

Do you accept Credit Cards?

We accept Visa, MasterCard, or DiscoverCard for payment of services, such as Product Draws. We do not accept credit cards for product bought on Nucleo or Auction. You can, however, use your credit card to purchase product from our Catalog, although certain restrictions apply. Please see the Service Comparison for ways you can use your Visa, MasterCard, or DiscoverCard.

Do you accept PayPal?

No. We sell high value product on extremely low margins and can not accept PayPal due to the risks and associated costs related to this a form of payment.

Do you accept Cash?

No. Our operation is not designed to handle physical Cash transactions.

Can I use an Escrow Service to pay you?
No. We will not facilitate transactions using an escrow service due to the added transaction expense, activity costs, and risks related to this form of payment.

Do you accept Third Party payments?
No. We can not accept Third Party payments due to provisions in the Patriot Act

What is your payment address?
For our current payment address, please refer to the Payment Instructions section of your account (under Member Services).

When is my payment due?
Your payment is expected to reach us by 7 (seven) business/banking days from the date of your transaction. A transaction may be considered in "Default" status after the 7 (seven) business/banking days. Late Fees are not automatically charged and we do consider your account history before taking any negative action on your account.

In order for our system to function properly, it is important that we receive your payment/product in a timely manner.

Market Summary
Metal
Last
Change
Gold
1148.30 [up]
6.60
Silver
18.490 [up]
0.025
Platinum
1446.90 [up]
6.00
Palladium
365.00 [down]
-4.90
11/20/09 1:00:13 PM CST
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