Payment by Faster Payments
GoldPaid pays by Faster Payments, a direct bank transfer to the UK account you provide. There are no cheques to wait on and no conditions attached. We aim to send payment within one working hour of you accepting your written offer, between 8am and 9pm. GoldPaid never pays in cash, at any value.
You provide your bank details only when you have decided to accept, never as a condition of getting an offer. For how that information is handled, see the privacy policy.
When will the money actually reach my account?
- Accepting between 8am and 9pm. We aim to send payment within one working hour of acceptance.
- Late night acceptance. The transfer still initiates the same evening; whether it lands overnight depends on your bank, not ours.
- ID verification pending. If we have asked for a document (photo ID, address confirmation for a probate sale, an account name mismatch) payment holds until that clears. We say so at the point we ask, not after.
- Bank-side holds. Very occasionally a receiving bank flags a large first-time inbound payment for its own review. That is between you and your bank; the payment has left ours.
You are told upfront when payment will not be instant, so you can plan around a real timeline. See payments, cash and money-laundering rules for what identity checking involves.
If you decline
There is no payment to arrange and nothing to pay. Your items are simply returned to you free of charge by tracked, signed-for Royal Mail Special Delivery. See what happens if I decline the offer.
Common questions
How does GoldPaid pay me?
By Faster Payments bank transfer, directly to the UK account you provide, once you accept your written offer. No cheques, no conditions.
When do I give my bank details?
Only when you have decided to accept the offer, never as a condition of receiving one. If you decline, no payment details are needed.
Can payment go to an estate or charity account?
Yes, payment can be made to your account, or to an estate or charity account where appropriate. Just let us know when you accept.
Not the question you had? The full GoldPaid FAQ covers the rest, from postal cover and ID checks to what happens if you decline the offer.
Speak to us before you post
Please send us photos on WhatsApp, and we will help you. We give a rough estimate where possible and arrange postage with you after our conversation. Your final offer follows inspection.