Not dumb at all! I was clueless about the process (and I'm like a hundred years old.) Had never sent a wire transfer until my first purchase with QSC. Here's what I learned:
BofA offers 2 wire transfer options.
One is called something like "international wire transfer," and it
does has a fee, maybe $15 or $20 or something? The
great advantage to it is that it is that
your funds are delivered immediately.
The second option is called "
ACH wire transfer." (Automated Clearing House, aninter-bank system set up in ancient times.) There is NO fee. The
disadvantage is that your funds will be delivered anytime from same day to a few days (depending on factors like weekends/holidays, I think?).
Both times I used wire transfer for a QSC purchase, I chose the fee-free ACH option. (I'm poor.) The results of the two transfers were
not the same:
The funds for the first purchase were
delivered within three hours. Awesome! BUT, the funds for the second purchase were
delivered three days later. (It was over the weekend.)
I got lucky that second time, because the product I was ordering was still in stock. But as another member warned earlier in this thread, their ACH transfer took a few days and they were told by QSC that their ordered product was sold out. Horrible! I'd never even considered that. (Thank you for schooling me,
@Glp1judd 💜)
So it seems the wisest way to go is to pay the fee for the "international wire transfer" option, and not cheap out like me on the ACH option.
Regardless, I've been very pleased with the wire transfer payment method. I arrange it all right there in online banking, and payment is guaranteed, trackable by bank, accountable (I mean, from BofA to Citibank is a pretty damn secure transaction, lol.)
Obviously, crypto is brilliant. It's just that I'm ...
not. (I don't want to learn how to do it! Please no.)
If QSC takes their wire transfer payment option away, I'll just not purchae there again. (Which -- hopefully, Phoenix, you've read *everything* about the good and the
bad of QSC -- might be prudent anyway LOL)