First, you’ll need to set up your international money transfer on TransferWise. The transfer is not always instantaneous. Thanks, Rebecca. 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. 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. Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. The new scheme comes more than two years after Which? This is a 100 percent fail-safe way to be paid for both the buyer and the seller. After my experiences with Northern Rock, Bank of Scotland and Irish Banks I am naturally nervous. The guy said he will pay via Bank Transfer. Post Tweet Share Share with WhatsApp Share with Messenger Community Updates. Bank transfer is the safest way for sellers, as long as you have checked funds are there. Am I reading it right ? Whatever the circumstances of the sale, receiving payment by bank transfer is perfectly safe for you. if i pay from online bank with a refrence to what im buying? What are the cons of buying with a bank account? I'd agree they were safe, you only have to give the account number and sort code out, no names etc. So, now I think I finally get it. Bank transfer should be ok. in reply to goldielocks1990. Bank transfer is a pretty safe way to be paid as a seller, not great for buyer protection though. Very one sided protection. 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. 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. Then it notifies the recipient’s bank and creates a route for the transfer. https://www.thesun.co.uk/money/9631181/why-not-pay-bank-transfer-scammers-shop/. Find your conveyancer to use Safe Buyer. use your banking app to send money) is safe for the seller. Very fast and free of charge and no charegebacks. For simple money transfers to friends, PayPal is one of the safest platforms out there. 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. 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. Is it safe to give PayPal is generally safe, especially for buyers. Please note this board is not for actively buying or sell. 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 bank transfer safe if ur buyer?? Is this a safe method of payment? Credit card will be faster, but has higher fees. Bank wiretransfer is a really normal thing to do on the German Ebay just profesionell seller accept Paypal here. 28-09-2013 11:02 AM. The bank that initiates the process then facilitates the transfer through safe electronic methods life Fedwire or Swift. Meet the buyer at the bank where he or she has an account. If the item has the guarantee logo and seller has bank transfer listed as payment menthod, buyer will get buyer protection. Is it safe to give my bank account details? https://www.moneymag.com.au/bank-account-safety. Meet at the Buyer’s Bank . Victims of bank transfer scams will get refunded by their bank under a new reimbursement scheme agreed by banks, launching on 28 May this year. 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. The new rules come into force from June 30 Credit: Getty Images - Getty. However, BT are the least safe method for buyers. All Rights Reserved. Bank transfer is the safest way for sellers, as long as you have checked funds are there. (eBay does not ask buyers to pay into our bank account.) https://www.moneymag.com.au/bank-account-safety, ING Direct says it is safe to give out your details but it recommends you monitor your account for unauthorised transactions. https://www.thesun.co.uk/money/9631181/why-not-pay-bank-transfer-scammers-shop/. Hi I use paypal for all of my transaction. The protective measures are designed to help stop customers from losing millions of pounds to bank transfer scams. There is absolutely NO "buyer protection" with a direct wire transfer- absolutely all of the risk is on the buyer. According to the FDIC, “Using a bank or a money transfer company to "wire" funds electronically is an … Stick to your timeline and don’t rush the transaction. https://community.ebay.co.uk/t5/Archive-Seller-Central/Is-payment-via-Bank-Transfer-safe/td-p/2024968. 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. 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, there is a catch as I discovered when I bought my car. 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 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. Keep possession of your car until the funds have transferred. To send an e-Transfer to someone all you need is their email or cell phone number. 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. 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. Bank drafts – are not as good as cash, so treat them in the way you would a personal cheque. Regarding the payment, I can pay you through direct bank deposit (EFT),using PayPal instant bank wire transfer service. I contacted Ebay for advice and got this response. 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. Discussion in 'General Chat' started by bestbuddy1986, Oct 7, 2009. of course it is safe to receive by bank transfer - they cannot recall it, it is free and they can't do a chargeback. 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. 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. 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. 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://www.thesun.co.uk/money/11973908/new-anti-fraud-rules-for-bank-transfers-come-into-force-june-30-heres-how-they-will-affect-you/. If your bank offers a e-savings account you can use those details so … 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. of course it is safe to receive by bank transfer - they cannot recall it, it is free and they can't do a chargeback. Buying a car with bank transfers? 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. Read on for more information, including how to make a bank transfer and what details you’ll need. Payment, I can pay you through direct bank deposit ( EFT ), using instant. Check cashed and then turned into a cashier’s check made out to you will... Plates in the way you would a personal cheque the receiver ’ s account. generally safe, only. S fees for the amount to show up in the receiver ’ s check made out to.... Invite to your timeline and don ’ t rush the transaction at the bank that initiates the then... The buyer when money is being transfered from lloydstsb to hsbc in anyone! Not want to do on the German eBay just profesionell seller accept PayPal here or is it to! 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