0 bestbuddy1986 Peon Messages: 93 Likes Received: 0 Best Answers: 0 Trophy Points: 0 #1 Hi, Im buying phone from a guy who is in UK. Transferring money from your bank account is usually fast, free and safer than withdrawing and paying in cash. Am I reading it right ? As the buyer, my biggest fear is an unscrupulous buyer, so I've limited wire transfers only to trusted sellers. Bank transfer is the safest way for sellers, as long as you have checked funds are there. Read on for more information, including how to make a bank transfer and what details you’ll need. https://community.ebay.co.uk/t5/Archive-Seller-Central/Buyer-paying-by-bank-transfer-can-anything-go-wrong/td-p/5276987. I’m guessing that they’d want me to pay prior to collection (via electronic transfer), eg by a couple of days. https://forums.digitalspy.com/discussion/1008535/is-it-safe-to-pay-via-bank-transfer-are-you-protected, From what I make out, a bank transfer is just that, its a transfer of funds with no specific purpose (if that makes sense - a debit/credit card payment has to be authorised by the bank and then sent - a bank transfer is initiated by the account holder), https://www.theguardian.com/money/2011/mar/30/protect-money-buing-house-cash. Is it safe to give 1. According to ING's David Breen, "In the unlikely event that an unauthorised transaction takes place on an ING Direct account, the customer will not be liable for the unauthorised transaction, provided they have complied with the terms and conditions of the account. Simple realistic answers from buyers, well this buyer would never entertain the issue of bank transfer, especially for that amount. The result is the buyer has already taken possession of the vehicle and you’re left without payment; To safeguard yourself, don’t release your vehicle until you have confirmation the cheque is genuine and has been paid by the buyer’s bank. The bank that initiates the process then facilitates the transfer through safe electronic methods life Fedwire or Swift. Online bank transfer is one of the safest ways to pay as it avoids handling large amounts of cash and the problems associated with cheques. Ensuring safe payment. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. eBay sellers welcome bank transfer - you are only giving out info that is on a cheque anyway, they can't use it for anything. Bank wire transfer is totally safe for you as a seller it's more unsafe for the buaer as they don't have any protection like Paypal. The only provision is to make sure the payment was an account to account transfer rather than payment from the buyer by cheque deposit. Cash is the safest, AP money order safe, cash at a bank branch safe, Internet transfer is pretty safe, cheques should be safe, as long as they clear before you send item. According to this: which.co.uk/con…cam It is possible but according to some other threads it isn't. I’m buying at a distance from a major dealer and have paid a small deposit of a few hundred pounds on credit card with the intention of paying the rest by bank transfer. The advantages of sending a bank transfer are that you do not need to wait for anything to arrive in the mail, there are no cheques to cash, and the funds are available immediately upon receipt. Bank deposit or Australia Post money order are probably the safest methods of payment currently available when selling and the buyer cannot pay in person. When you confirm an international transfer, your bank deducts the funds from your account. Kindly send me a PayPal payment invoice or create an account at www.paypal.com if you don't have one or your bank details for me to make payment. money is being transfered from lloydstsb to hsbc in UK anyone have any bad experience using bank transfer. The eBay Buyer Protection applies to offers with the eBay guarantee for all payment methods accepted by the Seller. (eBay does not ask buyers to pay into our bank account.) Check with your bank to ensure the … Cashier's checks can be forged- PayPal payments can be reversed and disputed- even cash can be counterfeited- but a direct transfer is, literally, money in the bank. While PayPal is generally safe, you still should not treat it as a replacement for a bank account. It’s important that you reach an agreement that works for both of you, because the buyer has the option of reporting you as a non-selling seller, and could also leave you negative Feedback. But a faster payment made through online or phone banking may be more problematic, especially if the buyer decides that using someone else's log in … PayPal is generally safe, especially for buyers. 28-09-2013 11:02 AM. Seller requests payment via bank transfer to an eBay bank account. Is it safe to give my bank account details? In both of these examples, scammers are likely at play, so here are a few tips to help you avoid money transfer scams. Bank wiretransfer is a really normal thing to do on the German Ebay just profesionell seller accept Paypal here. However, BT are the least safe method for buyers. https://www.thesun.co.uk/money/11973908/new-anti-fraud-rules-for-bank-transfers-come-into-force-june-30-heres-how-they-will-affect-you/. VSTAG is an advisory group eBay is part of, whose goal is to share best practices and advice to car buyers and sellers, with a special focus in … ", © 2017 Websiteperu.com. My bank has also indicated it is not safe. Q I'm buying a small property for my daughter and her family and am fortunate enough to be able to pay for it in full.After my experiences with Northern Rock, Bank of Scotland and Irish Banks I am ... https://www.mumsnet.com/Talk/ebay/1642853-Buyer-wants-to-pay-via-bank-transfer. This route involves other banks and financial institutions that are connected through an international network called SWIFT (Society for Worldwide Interbank Financial Telecommunication). The only provision is to make sure the payment was an account to account transfer rather than payment from the buyer by cheque deposit. However, you have to provide the buyer with your bank details, which you may not want to do. am i really protected? According to the FDIC, “Using a bank or a money transfer company to "wire" funds electronically is an … The protective measures are designed to help stop customers from losing millions of pounds to bank transfer scams. Very fast and free of charge and no charegebacks. This all makes sense so I don't doubt her story, I've agreed to the bank transfer but now I'm a bit worried. Online bank transfers are the best way to get paid, and these can be done quickly via the ‘Faster Payments’ or CHAPS systems. Meet the buyer at the bank where he or she has an account. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. "Giving your BSB and account number to a third-party to receive or send funds is generally safe, but you should only give out banking details to organisations or people who you know have a genuine need to know this information," says Peter Marshall, Mozo's product data manager. I recently sold an item and the buyer contacted me stating they are having trouble with paypal and want to put money into my bank account. If the item has the guarantee logo and seller has bank transfer listed as payment menthod, buyer will get buyer You give more details out on a cheque than needed for bank transfers. https://www.theguardian.com/money/2011/mar/30/protect-money-buing-house-cash. of course it is safe to receive by bank transfer - they cannot recall it, it is free and they can't do a chargeback. eBay sellers welcome bank transfer - you are only giving out info that is on a cheque anyway, they can't use it for anything. If you are not comfortable with that, you can set up a PayPal account properly at www.PayPal.com.au and I will make the payment through PayPal, this way, all I will need is your PayPal email address. The transfer is not always instantaneous. The cons are speed. Stay safe when meeting in person When selling through Craigslist, be careful whom you invite to your home, says McGrath. of course it is safe to receive by bank transfer - they cannot recall it, it is free and they can't do a chargeback. The new scheme comes more than two years after Which? The bad news: scammers prefer money transfers. However, BT are the least safe method for buyers. Don’t ship cars overseas Im about to sell somthing for £65. To send an e-Transfer to someone all you need is their email or cell phone number. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. PayPal is generally safe, ... Use a credit card as your funding method instead of a debit card or direct bank transfer (more on that below). The new rules come into force from June 30 Credit: Getty Images - Getty. There is absolutely NO "buyer protection" with a direct wire transfer- absolutely all of the risk is on the buyer. So who's right? The only provision is to make sure the payment was an account to account transfer rather than payment from the buyer by cheque deposit. When making a purchase, be suspicious of any requests to pay by bank transfer or virtual currency instead of safer methods, such as credit card or payment services such as PayPal. Discussion in 'General Chat' started by bestbuddy1986, Oct 7, 2009. Then, you’ll need to exit your TransferWise account, and pay by bank transfer directly through your bank. When making a purchase, be suspicious of any requests to pay by bank transfer or virtual currency instead of safer methods, such as credit card or payment services such as PayPal. https://community.ebay.co.uk/t5/Archive-Seller-Central/Is-payment-via-Bank-Transfer-safe/td-p/2024968. hi guys.. im always buying things off gumtree.. and most people ask for bank transfer then they will send goods.. so what protection level is there? As you will be posting it, you need to make sure you do it with the right level of insurance and tracked, that waythe seller is … Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. was unable to pay via card so the firm suggested bank transfer and sent their details. as per title just wondering if its safe to transfer payments instantly and will ebay protect me incase of a scam and can the bank protect me to? Stick to your timeline and don’t rush the transaction. Buying a car with bank transfers? Very one sided protection. First, you’ll need to set up your international money transfer on TransferWise. Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. Find your conveyancer to use Safe Buyer. of course it is safe to receive by bank transfer - they cannot recall it, it is free and they can't do a chargeback. 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