What is the Best Way to Pay for Gold and Silver? Payment Options

Author: Lawrence Chard - Chairman and CEO

Published: 20 Apr 2018

Last Updated: 22 Dec 2022


Here are all of our accepted payment options for buying and selling precious metals.

Debit Card 


We accept debit cards that have Mastercard SecureCode / Verified by Visa set up. If you do not have this facility, you will be re-directed to your bank on your first payment transaction. This is an extra security feature for both you and us, which is necessary due to the nature of the business. 

Orders paid for by debit cards will only be dispatched to the registered billing address of the card. The order will only be accepted if the card holder name matches the name on the order form. We may ask for additional confirmation, in the form of photographic identification, in order to prove your identity.  

If you wish to pay for your order online and collect from our showroom, you MUST bring your payment card and two forms of identification; a passport and a photo driving licence OR a passport or photo driving licence AND a recent utility bill with your current name and address, dated within the last three months.  


You may pay by debit card in our showroom. We would advise contacting your bank prior to the payment to speed up the process of authorisation.  

If you wish to place a bullion order over the phone, you can speak to one of our friendly team members who will take your order. However, you will then receive a payment link which will re-direct you to pay by debit card online.  

There are no charges for debit card payments.  

Bank Transfer

You may place your order online and opt to pay by bank transfer. Payment must be set up immediately to honour the price, using your full name or order number as the reference.  Alternatively, you may contact us by phone or visit our showroom to place an order.

Any payments not received within 24 hours of your order being placed may be cancelled/refunded/re-dealt and subject to an administration fee as per our Terms.

We will allow up to 3 working days for international payments. Please note that international payments will be subject to bank fees of £7 plus the bank's live exchange rate. 

We will allow 24 hours for any bank transfer payments to clear.

Orders paid for via bank transfer may be sent to an alternative delivery address. 

There are no charges for bank transfers if your bank account is a part of the faster payments scheme. 


All orders over £100,000 MUST be paid by CHAPS the same day. There is usually charge of approximately £30 and a cut off time of 2:30pm. Please check with your own branch for more information. 

Funds must be cleared before fixing a price. Any balance owed to you or us is payable before the order is dispatched.  


You can select the cheque payment method online once you have placed your order. You may also place an order over the phone or within our showroom and pay by cheque.  

Cheques MUST be sent the same day by 1st class post. Any cheques received after 24 hours of your order being placed (or with a post mark dated after your order) may be cancelled/refunded/re-dealt and subject to an administration fee. Orders for payment via cheque must therefore be placed before the days last post within your area.  

US dollar, Canadian dollar and euro cheques are subject to an approximate 6 week clearing period.  

Please make cheques payable to "Chard 1964 Ltd".

There is no charge for cheque payments.  


You may pay by cash up to the equivalent of €10,000 over a rolling 5 year period. This includes anybody connected to you such as a friend, spouse or other relation.  

Cash can be paid at our showroom or into our bank account at any Royal Bank of Scotland or National Westminster Bank. Unfortunately, there are no discounts for cash payments.  

If paying by cash, you may be asked to supply two forms of identification; a passport and a photo driving licence OR one of these in addition to a recent utility bill with your current name and address, dated within the last three months.  

We would not recommend sending cash through the post. 

There is no charge for this payment method.  

Credit Cards 

Unfortunately, we are no longer able to accept credit cards. For more information, please read our blog.

Bank Account Details

Please note as of 28th November 2019, our bank details have changed. Our new details are shown below.

Branch Details

Barclays Corporate
Edward VII Quay
Navigation Way

Sterling Account

Sort Code: 20-10-11
Account Number: 33692337
Account Name: Chard (1964) Ltd 

Euro Account 

IBAN Number: GB20 BARC 201011 43767255

US Dollar Account 

IBAN Number: GB67 BARC 201011 56676333

Canadian Dollar Account 

IBAN Number: GB28 BARC 201011 78858122

View our Payment & Identification page for more information.   

Selling to Chard 

If you wish to sell to us, you may visit our showroom or post your goods via fully insured delivery. We offer three payment options. We do not provide third party payments.  

Bank Transfer 

This will be set up the same day and can take up to three working days to show in your account. We will need your account number and sort code which can be including on our "Sell to US" form.  

Occasionally circumstances beyond our control may result in your payment being delayed. You will be notified at the time of sale if this is the case.  

There is no charge. 


This is a same day instant payment with a charge of £30. If you wish to have this payment method, please tick the relevant box on our "Sell to US" form. All prices must be confirmed before 2:30pm for CHAPS payments to be processed.  

Please note CHAPS payments may not always be available.  


Cash can be offered with no charge if we have the funds on the premises. However, cash transactions over £1000 may be subject to a 1% cash fee.  

All cash transactions require photo identification. Cash transactions around £5,000 or more will require two forms of identification, one of these being a photo ID and the other being a recent utility bill dated within the last 3 months with your current name and address.  

There is cash a limit of the equivalent of €10,000 over a rolling five year period.  


All Orders 

Over £5,000 and £10,000 in a 12 month rolling period.  

We will require two forms of identification; a passport and a photo driving licence OR one of these in addition to a recent utility bill with your current name and address, dated within the last three months. We do not have to see the originals. Copies may be sent to [email protected] or via post.   

In some circumstances, ID may be requested on order below £5,000 and orders over a 48 hour period equating to £5,000 by you or anybody related to you.  


All gold investment bullion orders for collection require at least two forms of identification, one of which must be photographic. We will require two forms for all transactions over £5,000; a passport and a photo driving licence OR one of these in addition to a recent utility bill with your current name and address, dated within the last three months.  

In addition, if you have placed your order online by debit card, you must bring the card that you pay with and photographic ID.  

If you wish for somebody to collect your items on behalf if yourself, please contact us on 01253343081. 

Acceptable Forms of ID

One from each list may be required. For more inofrmation, visit HMRC.

Proof of name Proof of address
Current signed passport Utility bill (gas, electric, satellite television, landline phone bill) issued within the last three months
Original birth certificate (UK birth certificate issued within 12 months of the date of birth in full form including those issued by UK authorities overseas such as Embassies High Commissions and HM Forces) Local authority council tax bill for the current council tax year
EEA member state identity card (which can also be used as evidence of address if it carries this) Current UK driving licence (but only if not used for the name evidence)
Current UK or EEA photocard driving licence Bank, Building Society or Credit Union statement or passbook dated within the last three months
Full old-style driving licence Original mortgage statement from a recognised lender issued for the last full year
Photographic registration cards for self-employed individuals in the construction industry -CIS4 Solicitors letter within the last three months confirming recent house purchase or land registry confirmation of address
Benefit book or original notification letter from Benefits Agency Council or housing association rent card or tenancy agreement for the current year
Firearms or shotgun certificate Benefit book or original notification letter from Benefits Agency (but not if used as proof of name)
Residence permit issued by the Home Office to EEA nationals on sight of own country passport HMRC self-assessment letters or tax demand dated within the current financial year
National identity card bearing a photograph of the applicant Electoral Register entry
  NHS Medical card or letter of confirmation from GP’s practice of registration with the surgery

Data Protection 

We may require to keep a copy of your identification inline with HMRC Money Laundering regulations. Copies are usually kept for the following transactions:

  • Gold Bullion for Collection 
  • Orders over £5,000 
  • Orders over £10,000 in a rolling 12 month period 

For more information, please read our Privacy Policy.

Related Blog Articles

This guide and its content is copyright of Chard (1964) Ltd - © Chard (1964) Ltd 2024. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited.

We are not financial advisers and we would always recommend that you consult with one prior to making any investment decision.

You can read more about copyright or our advice disclaimer on these links.