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. in reply to goldielocks1990. Posted 7th Feb 2018. Keep possession of your car until the funds have transferred. General tips for wire transfer safety. Read on for more information, including how to make a bank transfer and what details you’ll need. The new rules come into force from June 30 Credit: Getty Images - Getty. 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. 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. https://community.ebay.co.uk/t5/Archive-Seller-Central/Is-payment-via-Bank-Transfer-safe/td-p/2024968. 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. 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 cons are speed. Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. https://community.ebay.co.uk/t5/Archive-Seller-Central/Is-payment-via-Bank-Transfer-safe/td-p/2024968. The new rules come into force from June 30 Credit: Getty Images - Getty. https://www.thesun.co.uk/money/9631181/why-not-pay-bank-transfer-scammers-shop/. Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. Hi I use paypal for all of my transaction. The technology is solid, but buyers and sellers need to be aware of the risks. Am I reading it right ? Seller requests payment via bank transfer to an eBay bank account. 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 all makes sense so I don't doubt her story, I've agreed to the bank transfer but now I'm a bit worried. 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. Stick to your timeline and don’t rush the transaction. Seller requests payment via bank transfer to an eBay bank account. Bank transfer should be ok. 1. Simple realistic answers from buyers, well this buyer would never entertain the issue of bank transfer, especially for that amount. The guy said he will pay via Bank Transfer. Online bank transfers are the best way to get paid, and these can be done quickly via the ‘Faster Payments’ or CHAPS systems. Very fast and free of charge and no charegebacks. https://www.thesun.co.uk/money/9631181/why-not-pay-bank-transfer-scammers-shop/. If your bank offers a e-savings account you can use those details so … 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. PayPal is generally safe, especially for buyers. Immediate bank transfer using the CHAPS system. First, you’ll need to set up your international money transfer on TransferWise. If a potential buyer asks why, explain how plates can be … Electronic transfer via internet banking; In-branch transfer with the buyer; Cash; You could take a bank cheque; however these are not entirely secure and can be cancelled. 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. Bank transfers are slow in many countries, so bank transfer is often the slowest way to buy bitcoins. Is this a safe method of payment? I’m guessing that they’d want me to pay prior to collection (via electronic transfer), eg by a couple of days. Banks or trusted organisations such as the police will never contact you asking for your PIN or full password, or to transfer money to a safe account. 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. 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. So, now I think I finally get it. (eBay does not ask buyers to pay into our bank account.) The transfer is not always instantaneous. 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. What is more, money transfer providers make it difficult for the sender to pull money back after it has 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 … launched a ‘super-complaint’ to push banks and regulators to better protect people who were increasingly falling victims to scams that resulted in them transferring money to fraudsters. ", © 2017 Websiteperu.com. 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. After my experiences with Northern Rock, Bank of Scotland and Irish Banks I am naturally nervous. 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. Getting money via wire transfer is for the most part safe. A wire transfer is an immediate form of payment. 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. The bad news: scammers prefer money transfers. Im about to sell somthing for £65. if i pay from online bank with a refrence to what im buying? Meet the buyer at the bank where he or she has an account. 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. Once a scammer has obtained the funds you wired in exchange for a check, the wire transfer cannot be reversed, even if the check is fraudulent. 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? 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. I will need your Account name, BSB and Account number. Verify checks before you transfer the title. 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. 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. 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 transfer is not always instantaneous. money is being transfered from lloydstsb to hsbc in UK anyone have any bad experience using bank transfer. use your banking app to send money) is safe for the seller. To be safe, verify checks with the issuing bank instead of waiting for the check to clear with your bank. Don’t ship cars overseas Transferring money from your bank account is usually fast, free and safer than withdrawing and paying in cash. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. 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. I've used wire transfers before as a buyer, and it's been pretty safe for me so far, even with biggish amounts of money. 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. https://community.ebay.co.uk/t5/Archive-Seller-Central/Buyer-paying-by-bank-transfer-can-anything-go-wrong/td-p/5276987. 28-09-2013 11:02 AM. However, BT are the least safe method for buyers. Bank wiretransfer is a really normal thing to do on the German Ebay just profesionell seller accept Paypal here. Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. ... of money and the trader has asked for this via bank transfer. 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. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. How safe is PayPal for money transfers? Is it safe to buy on Gumtree using bank transfer? 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/. There is absolutely NO "buyer protection" with a direct wire transfer- absolutely all of the risk is on the buyer. Very one sided protection. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. However, there is a catch as I discovered when I bought my car. 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. What about bank vs credit card? Electronic transfer via internet banking In-branch transfer with the buyer Cash You could take a bank cheque; however these are not entirely secure and can be cancelled. Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. When you confirm an international transfer, your bank deducts the funds from your account. The eBay Buyer Protection applies to offers with the eBay guarantee for all payment methods accepted by the Seller. The only provision is to make sure the payment was an account to account transfer rather than payment from the buyer by cheque deposit. A bank transfer is when money is sent from one bank account to another. To send an e-Transfer to someone all you need is their email or cell phone number. 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. 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. According to this: which.co.uk/con…cam It is possible but according to some other threads it isn't. 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. 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. Stay safe when meeting in person When selling through Craigslist, be careful whom you invite to your home, says McGrath. Sometimes it takes from a couple of hour to a few days for the amount to show up in the receiver’s account. Offer to pay the buyer’s fees for the check. https://www.moneymag.com.au/bank-account-safety. If the item has the guarantee logo and seller has bank transfer listed as payment menthod, buyer will get buyer tuzii-banned on 13/09/2017 … 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. Is it safe to give "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. Then it notifies the recipient’s bank and creates a route for the transfer. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. However, BT are the least safe method for buyers. 28-09-2013 11:02 AM. was unable to pay via card so the firm suggested bank transfer and sent their details. The new scheme comes more than two years after Which? Thanks, Rebecca. 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 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. Payments are more certain because banks only wire money out if the sender has the funds available. Safe Buyer is a bank account verification tool that allows buyers to confirm that the bank details provided by their conveyancer are genuine, providing security and peace of mind before they transfer their deposit over. https://community.ebay.co.uk/t5/Archive-Seller-Central/Buyer-paying-by-bank-transfer-can-anything-go-wrong/td-p/5276987. All Rights Reserved. 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. Please note this board is not for actively buying or sell. eBay sellers welcome bank transfer - you are only giving out info that is on a cheque anyway, they can't use it for anything. In fact, it may actually be safer than normal bank transfers. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. If possible, complete the transaction at the buyer’s bank to be sure the funds are available. am i really protected? Due to my inability to make a cash deposit, I would be paying through PayPal which is safer for me or bank transfer as well safe. 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/. Personal cheques can be cancelled too, but in addition there is no way to know if it will be honoured when deposited in your account. However, you have to provide the buyer with your bank details, which you may not want to do. I contacted Ebay for advice and got this response. or is it once my money has gone to the other parties bank.i cant get anything back.if item is never sent and im conned. While PayPal is generally safe, you still should not treat it as a replacement for a bank account. Post Tweet Share Share with WhatsApp Share with Messenger Community Updates. 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. More, money transfer on TransferWise provide the buyer at the bank where he or she has an account account., it may actually be safer than normal bank transfers out there will pay bank. Transfer listed as payment menthod, buyer will get buyer protection methods life Fedwire or Swift to hsbc UK. As long as you have to provide the buyer take your vehicle until the are... 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