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. Obscure the number plates in the photo(s) you use to advertise your car. 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 transfer is the safest way for sellers, as long as you have checked funds are there. There is absolutely NO "buyer protection" with a direct wire transfer- absolutely all of the risk is on the buyer. PayPal is generally safe, especially for buyers. A bank transfer, also called a wire transfer, is a way to send money from one bank account to another anywhere in the world. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. 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.thesun.co.uk/money/11973908/new-anti-fraud-rules-for-bank-transfers-come-into-force-june-30-heres-how-they-will-affect-you/. To send an e-Transfer to someone all you need is their email or cell phone number. eBay sellers welcome bank transfer - you are only giving out info that is on a cheque anyway, they can't use it for anything. She is arranging for a delivery company to collect and has asked if she can do a bank transfer of the money as she won't see me in person. Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. Personal cheques can be cancelled too, but in addition there is no way to know if it will be of course it is safe to receive by bank transfer - they cannot recall it, it is free and they can't do a chargeback. Find your conveyancer to use Safe Buyer. tuzii-banned on 13/09/2017 … Immediate bank transfer using the CHAPS system. The only provision is to make sure the payment was an account to account transfer rather than payment from the buyer by cheque deposit. If possible, it’s a good idea to meet the buyer at your bank to take payment, so you can pay in the money immediately and the cashier will check the notes are genuine. in reply to goldielocks1990. If a seller was demanding bank transfer, I'd not think twice about hitting the PayPal button, purely to show them I'll pay how I see fit. The new rules come into force from June 30 Credit: Getty Images - Getty. 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. Sometimes it takes from a couple of hour to a few days for the amount to show up in the receiver’s account. So, now I think I finally get it. https://www.theguardian.com/money/2011/mar/30/protect-money-buing-house-cash. What is more, money transfer providers make it difficult for the sender to pull money back after it has If dealing with a new member and you are unsure of any details, try and determine if they are genuine or not.Stay safe when trading and try to be a responsible buyer. Seller requests payment via bank transfer to an eBay bank account. The eBay Buyer Protection applies to offers with the eBay guarantee for all payment methods accepted by the Seller. Very fast and free of charge and no charegebacks. 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 covered for an item not received claim. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. 1. 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. 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. According to this: which.co.uk/con…cam It is possible but according to some other threads it isn't. 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 … So, now I think I finally get it. Seller requests payment via bank transfer to an eBay bank account. 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. Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. Regarding the payment, I can pay you through direct bank deposit (EFT),using PayPal instant bank wire transfer service. Please note this board is not for actively buying or sell. The only provision is to make sure the payment was an account to account transfer rather than payment from the buyer by cheque deposit. Am I reading it right ? Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. 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. Is this a safe method of payment? Bank account is slower but has lower fees. However, BT are the least safe method for buyers. Have the check cashed and then turned into a cashier’s check made out to you. 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. If the item has the guarantee logo and seller has bank transfer listed as payment menthod, buyer will get buyer 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). Is it safe to give someone my account details so that they can transfer money to Chat about buying and selling on eBay, Amazon, Etsy and other seller sites. If possible, complete the transaction at the buyer’s bank to be sure the funds are available. https://community.ebay.co.uk/t5/Archive-Seller-Central/Buyer-paying-by-bank-transfer-can-anything-go-wrong/td-p/5276987. Keep possession of your car until the funds have transferred. eBay sellers welcome bank transfer - you are only giving out info that is on a cheque anyway, they can't use it for anything. Is bank transfer safe if ur 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. Bank drafts – are not as good as cash, so treat them in the way you would a personal cheque. Check with your bank to ensure the … Have the check cashed and then turned into a cashier’s check made out to you. Im doing little business through a website but the buyer want to pay me thru wire bank transfer.So he did but i received an email from bank of essex saying that i need to send the shipment ID & tracking number so that they can transfer the money inside my account.I wonder is it safe to do so because i dont know much about this. The technology is solid, but buyers and sellers need to be aware of the risks. 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. The protective measures are designed to help stop customers from losing millions of pounds to bank transfer scams. 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. 1. The transfer is not always instantaneous. The guy said he will pay via Bank Transfer. 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