One of the most popular ways for buyers to make their purchase of silver bullion is with a credit card or debit card. These are the most common method of payment because they are both easy to use and safe and secure. Making an order over the internet with your card is very easy to do. Two places in which you can buy silver securely using a credit/debit card are JM Bullion and Silver.com.
If you have even the slightest amount of worry about the security of your transaction, you can take comfort in knowing that your bank or credit card company will back up any issues that you would ever possibly run into. In other words, using a credit card is the best way to guarantee that your transaction is processed just as you would expect it to be.
Visa, MasterCard, and Discover
The three most popular credit card companies for silver purchases are Visa, MasterCard, and Discover. The other card that is wide spread among consumers is American Express. If your card happens to be an AMEX, you will run into some inevitable hurdles. The only real plan in this situation is to shop around and to see which sites will be able to take your business.
If you are contemplating placing your order through one of the websites promoted here, you will find that all of these options are available to you. If you use a less mainstream company to make your order, you may have some trouble finding a company who will be able to help you out. If you are unable to find anyone who will accept your credit or debit card of choice, you should take a look at one of the alternatives.
Limits on Purchases
There are a variety of reasons why your purchase may be limited to a certain order size. Your purchase may need to stay under $2,000, $5,000, $10,000 or somewhere in between. Unless you have an unlimited account that allows for any purchases to be made, you will probably need to use another payment method when buying silver bullion.
If you would still like to use a card but have reached the limit, you do have a handful of outlets available to you that can help remedy the situation. The first thing that you should do is call your bank or credit card company and see if there is a limit in place at all. If there is no limit in place, you are in luck and can make any purchase that you would like.
If there is a restriction, you will either need to space out your orders, make a smaller order, or see if it can be lifted. Even if your maximum transaction dollar amount can’t be permanently lifted, there is a good possibility that they will offer a temporary restriction so that you can make your purchase before putting it back on. In the end, there are many different ways to make a purchase with your credit or debit card, even if you run into some initial troubles.
The standard alternatives for purchases at an online company include bank wire, check, cashiers check or certified check. These order options are typically reserved for buyers who are looking to make more significant purchases. In most cases, orders that eclipse $10,000 will be required to make payment via one of these options. This is set as a standard feature in order to ensure the safety and protection of both the buyer and the company selling the bullion. When you are dealing with large amounts of money, it is always best to pay with a method that will be easily able to prove that payment was made.
It is worth noting that most all bullion companies, especially the ones listed here, operate within the United States. These companies will be forced to act fairly and will get into a lot of trouble if they are caught scamming or cheating their customers in any way, so you do not need to worry about them scamming you.
Though they are located within the US, these silver companies do offer their catalog to buyers from around the world. No matter where you live or where the company happens to be located, safety should always be a primary concern when you are making any sort of bullion purchase on the internet. Use your credit or debit card if possible, but look into these alternatives when you are involved in a high dollar transaction.
Reasons to Use a Card
If you were contemplating the use of a credit or debit card for your order of silver bullion online, it is a safe bet that you already know about the natural benefits in this purchase method. In case you wanted reaffirmation that your presumption was correct, we are going to outline the various reasons why credit and debit cards are the most safe and ideal way to buy silver (or most anything else for that matter online).
Your information will be, or at least should be provided you are at a legitimate site, totally protected. You won’t need to worry about someone having access to your personal information such as physical/mailing address or email, and you aren’t going to have you credit card details floating around amid the internet. The way that safe processing works is that all of your personal details are kept totally encrypted and safe from anyone’s eyes except yours as you are typing it out. Once your information is filled out, the data is sent directly to the banks and processors. There is no middle man that is sitting there writing down all of your info and then passing it on for actual processing.
Unlike with checks or bank wires, credit and debit cards provide the most instant form of payment. You will need to wait days and maybe even weeks if you buy your silver online via check since you will need to send it in, wait for it to clear, have the items prepared, and then finally the shipment process itself. If you want to get your order started and completed on the same day, credit and debit cards are absolutely the way to go.