Buy Silver with Credit Card or Debit Card

A lot of people who are looking to buy silver on the internet want to make their purchase with a credit or debit card. This is the safest and most logical way to ensure that your transaction is completed without a hitch. Luckily, many reputable silver dealers do accept a handful of different credit cards and you can place your order and be done with the transaction within just a few minutes.

The only flaw with using a credit or debit card to buy silver bullion is that the order size can only be so large. Once you eclipse larger figures, usually around $5,000 or $10,000, almost all companies will require that buyers make their payments either with check, wire, or another method in which the company knows that they will not be at risk. With credit and debit cards, a customer could potentially rob the seller by filing a chargeback, regardless of whether or not they were ever wronged.

Cards Accepted

The three most popular credit cards in circulation are also the three cards that the majority of silver dealers will accept, particularly online. These three cards are Discover, MasterCard, and Visa. If you are planning to use a card that is any of these, be it debit or credit, you shouldn’t run into any troubles. Now, some buyers are hoping to use an AMEX (American Express) card. As is unfortunately the case with many businesses, many silver dealers do not accept American Express. If this is a problem for you, look into the alternatives below.O

Other Options

The top options for buyers who want to use their credit cards, but can’t, are check, wire transfer, or bank transfer. Wire and bank transfers are essentially one in the same, where you will have your bank send money from your account to the silver companies account. This is a low cost, and usually free way to make payment. In fact, some silver websites will actually give discounts for buyers who make their payments via wire or transfer. The reason that silver sites do this is because it will save them on transaction fees. If you would like to use a check, this is perfectly fine as well. The only problem with using a check is that you will need to wait until your check arrives and clears. If you don’t have any issues waiting a few extra days, paper check is a great way to complete your order.

Why to Pay With a Card

The reasons to pay with your credit or debit card are somewhat obvious, but even more important when dealing with silver bullion on the internet. Since you are making your purchase online, you won’t have the metal in your hand until it is delivered. Because of this, the best way to be absolutely certain that you will get your metal as promised is to pay with your bank card. If you are working with a legitimate silver dealer, there is very little to worry about in terms of fraud, unfair, or otherwise unscruplous websites. If you simply stick to the top sites that are promoted right here, you will be just fine. There really isn’t anything to worry about in terms of overall buyer safety, and you are guaranteed to be in the clear if you use a credit card to complete your transaction.