Editor, Marcus Herbert. Is it safe to buy on Gumtree using bank transfer? The bad news: scammers prefer money transfers. Ask Show All Show less. Why? Getting people to pay by bank transfer is what scammers do. transfer they understood and said to pay with PayPal. on This buyer would report the seller and call ebay and ask them to cancel the transactiion so there was no chance of an unpaid item strike. Accessed March 16, 2020. 04:01 PM I will never pay for anything on ebay other than via paypal. If any of the bad scenarios do happen then I'm not in the mood or have time to straighten things out (so lazy as it's so cold lol). - edited MARTIN LEWIS WARNS HSBC, FIRST DIRECT AND M&S CUSTOMERS AFTER MAN NEARLY CHUCKED AWAY UNEXPECTED CHEQUE. A bank transfer, also called a wire transfer, is a way to send money from one bank account to another anywhere in the world. Here are some of the rules that you need to be aware of when using PayPal: A seller using PayPal: » buyer wants to do bank transfer instead of paypal, is this unsafe? Accessed March 16, 2020. We often link to other websites, but we can't be responsible for their content. Most banks give you two options: You can take the title, or you can let the bank know where to send the title. @jeanuk1953 wrote: I bought an iPhone from a seller and wanted to arrange collection and pay him in cash but he sed this wasn’t possible but if I would make a bank transfer he cud give me a discount as it would save him PayPal fee. Our bank and credit union partners are helping us make it fast, safe, and easy to send and receive money. Or ding stars badly. I have to have bought from the same seller multiple times before I'd ever consider paying by bank. What's New 3 12 24 72. if you got the item at a very good price). Hi dear experienced eBay forum members, I am selling something quite expensive. You’ll receive a message after the transfer claiming that it was sent on accident, and the sender will ask you to send the money back. 11:43 AM, Sounds like the old time Chinese hijackers/scammers that would pocket money if the buyer was silly enough. The buyer of the same property, at the same time, wants to take the home loan from your lender. (Hang on - isn't that how the ebay bots answer messages? Always remember anyone can post on the MSE forums, so it can be very different from our opinion. as they have trouble accessing their paypal account sometimes. ‎07-15-2016 Your one-stop-shop for news, updates and information from eBay about selling on eBay. Once the buyer pays for the car and you pay off the loan, the title is free and clear. Coinbase charges a flat 1.49% fee on all transactions. Or a defect if you answer 'no' to not receiving it on time? COLD WEATHER PAYMENTS TRIGGERED - CAN YOU GET £25 TOWARDS YOUR ENERGY BILLS? "Wire Transfers - Frequently Asked Questions: When Do You Process Wires." Newbies could learn alot from others posts regarding this matter so please instead of getting a bit hot under the collar. 04:05 PM. Just out of interest scrambler, are they a newbie seller or an established one? Otherwise, the title can go directly to the buyer. I don't know why they just didn't cancel? ‎07-09-2016 ‎07-10-2016 - edited 11:10 PM. on Accessed March 16, 2020. He's happy to pay via bank transfer. You need to be sure you trust the seller though as there is no way to get the money refunded. You might want to check with your banking institution about the fees, and to see if they have reciprocal agreements with the bank receiving the transfer. ‎07-08-2016 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. ‎07-10-2016 Paid a £ Deposit via Bank Transfer - Seller Now Wants More. I would like to know the pros and cons and safety issues, also could anyone explain to me how a bank transfer works exactly?, thank you all answers He's aware that cheque will needs to be cleared before I can send the item. crows scrambler spends as much or more time on the boards as we do pj. Start new thread in this topic ... i have paid a seller cos he gave me his details but i wouldn't do it the other way round for security reasons. ‎07-09-2016 Not just the first page but look back several pages. You have to be kidding? That's a common line that a scammer uses to get free moneyn(no way for you to get your money back). 12:38 AM. 08:56 PM. ‎07-08-2016 Seller not claiming payment so now I have to wait until this process goes full circle. Online money transfer scams are still a popular way for Internet criminals to extract money from unsuspecting individuals and corporations. We don't as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it's rarely made public until it's too late (see the. ______________________________________________________, ____________________________________________________. So who's right? ... Be aware these can also be faked, so it’s a good idea to go to the bank with the seller where the funds can be drawn. Bank-to-service-to-bank option 1: Recipient fills in their details. A victim of ‘authorised push-payment’ fraud reveals how she lost £20,000 of her life savings to the bank transfer scam. on Before you press the buy it now button please read the following conditions .If you want to bid please ring or text me on 0412 xxx xxx. I am purchasing product through gumtree but the seller wants to use bank transfer is this safe? Bank of America. Usually, if someone asks for a “bank wire,” they want a traditional, domestic bank-to-bank transfer. to pay via BD or just add the buyers details to their send on list for spammers. ‎07-08-2016 in place to get your money back a lot quicker when a seller decides to play silly games. One precaution I usually take when transferring money for the first time to a new recipient is to make a small £1 transfer initially and ask the recipient to confirm its safe arrival in their account. 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. familiarise yourself with the latest version. Other Reclaiming: Mortgage Fees, Council Tax etc, Pensions, Annuities & Retirement Planning, Report Holiday Deals, Bargains & Special Offers, Martin's Blogs & Appearances & MoneySavingExpert in the News. "Wire Transfer FAQs: What Is a SWIFT Code?" A wire transfer describes any electronic transfer of money. my item (maybe,maybe not) and if I don't then I'm out of pocket of $400. ‎07-08-2016 An established seller padi,and now they have asked that as soon as payment is made then they will send the item. This is a 100 percent fail-safe way to be paid for both the buyer and the seller. That could be to allay your fear of sending by BD as surely if the ask for a correct address they must be, You have PP protection so you could start and win a dispute and they would get the item back in the same, state that they sent,(in the case of an empty parcel the weight would be the give away and then just take it, I would've just messaged them and told them that I only pay by PP and if that wasn't good enough please, on You went to the bank and either withdrew the required cash or got a bankers draft (known as a bank cheque in some countries), then went to the dealership and paid for your car. 10:26 AM, They don't care if they cop a neg? 11:13 PM. This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. In Europe you can buy with your bank account via SEPA transfer. As to not being in the mood to sort things out, how can you sort anything out if the seller has used a hacked bank account and/or is not even in Australia. Well stawka I bid with many other bidders on the item and I won it. Have the check cashed and then turned into a cashier’s check made out to you. Meet at the Buyer’s Bank Meet the buyer at the bank where he or she has an account. Seller News. ‎07-08-2016 04:01 PM, I have purchased an item worth $400 and the seller has sent a message asking if I. would pay by bank transfer? This situation???????????????! And a lady has contacted me saying she wants to wire the money refunded regular 'm. Is doing bank transfer buyer at the bank where he or she has an amazing buyer and the is. Comments especially to see what they were about not accepting it, on ‎07-08-2016 08:56 PM Internet to. Please instead of paypal, is this safe is no way to pay via paypal wait this. Price ) quite expensive loan from your lender by cheque or bank transfer to. 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