Selling something and paid via bank transfer...

[swinny]

Hi there, i'm selling something and someone has offered to pay online.

 

I don't want to use paypal due to fee's!

 

Was going to say bank transfer.

 

Is this a safe option? the guy is 120 miles away, and his mates going to collect from me and then sort out getting to him....

 

So i'm asking is bank transfer safe? can be sent to me... then can't be retracted later and i'm out of brass and item?

 

Cheers

[Hodge]

Just get him to pay you online mate, that's how I roll!! And no they can't retract it. DON'T let it go till money is in your bank.

 

 

Sent from Outerspace.

[tree_beard]

if his mate is picking it up then surely he can bring cash...

[Lyncombe-climber]

Transfers Are safe as long as the code says payment for goods.

[mad matty]

if his mate is picking it up then surely he can bring cash...

 

thats the way their mates let them do the transfer and pay you in cold cash!!

[Tommy_B]

Just get him to pay you online mate, that's how I roll!! And no they can't retract it. DON'T let it go till money is in your bank.

 

 

Sent from Outerspace.

 

This.

[Vectislad]

Banktransfers are perfectly safe and can't be reversed without your express consent. Don't release the goods until you have confirmed that the money is in your account.

[craigblues]

As above. Ensure the money is in your account. Not just showing as that doesn't always mean its cleared.

[Mike Dempsey]

I actually asked in the bank last week about this and Bacs transfers can reversed only on the day they are made so if you wait a day you will be safe. They can only put money into your account and not take it out. For big invoices myself all my business customers pay me by Bacs. You can even do a same day transfer. Whilst cash is good how do you know you aren't getting dodgy money?

[easy-lift guy]

Bank wire transfer are fine, however my bank does charge my account a fee for the transaction going both ways. Remember the bank is in business to earn a profit for the bank and share holders. I would be very surprised if you ate not charged a transaction fee for this service.

easy-lift guy