Looking to take payment from a buyer far away from me within the UK.
What is the safest method to do that? i.e. so that once the money is in
my account it cannot be touched again by anyone but myself (so no
reverse charges, etc). I intend to send the item using a courier, so I
should be able to prove delivery.
Would a simple direct bank transfer be ok? How safe is it to give a
stranger my bank details (bank name, account number and sort code)?
BACS or Faster Payments provided by most banks. Very difficult to get
the money back.
If I was the buyer I would prefer PayPal and would never pay money into
what might be a black hole or scam, but hey.
Neither would I, but the potential buyer is very persistent, so I want
to make sure it is not a scam (and hence will not accept PayPal). I will
100% honour my side of the deal.
BTW, the sale is NOT through eBay, but GumTree. I advertised it for
local sale, cash on collection, but he is very keen, and is several 00's
As you don't say what this is, and how likely you are to get a local sale
or how much money is involved and the likely postal charges
it's only possible to guess.
As you advertised it for local sale cash on collection then the fact that the buyer
despite being miles away is "very persitent" should immediatley send out
a warning signal.
What's to say he or she isn;t going to be "equally persistent" when having
taken delivery they find its damaged or doesn't meet your description ?
Basically if they can't understand simple phrases like "local sale" then
what's to say what other phrases they're going to have problems with ?
If this thing is a "collectable" in any sense of the word then stay well
clear as "collectors" can be finnicky to the point of derangement
where condition is concerned.
And believe m, the fact that the payment has gone through and their
money is safe in your bank account isn't going to stop them being
"persistent" all of a sudden.
Beware, there is a scam for BACS payments.
The buyer pays you way too much, saying it was an accident.
They ask you to pay the excess money back and give you the
account details. This sounds innocuous.
However, this won't be the original account, but a different
account. You just helped them launder the proceeds of crime.
When this is tracked through your account, your bank will
give you 2 weeks notice to close all your accounts with them,
and they won't tell you why. You probably won't have any
success opening a bank account anywhere else.
[email address is not usable -- followup in the newsgroup]
It is very difficult. Banks will only reverse money if a scam. There a
risk they might put it into a temporary holding account, but if given an
email trail they won't send any money back to the buyer.
Personally I would be happy as an alternative to cash. Even notes can be
On rethinking this. It is a common scam to use someone else's bank
account to pay for something, and of course the money gets returned to
its rightful owner.
I would say in this sort of case it should be unlikely where the name of
the buyer is the same as the paying account.
Meet in a carpark midway and exchange your goods for money. Making sure
you have a method of making sure the money isn't forged. And a way of
making sure you can prove the goods are as stated.
That way, the buyer need trust you no more than you do him.
*I'm pretty sure that sex is better than logic, but I can't prove it.
Dave Plowman firstname.lastname@example.org London SW
I asked my bank about something similar about a year go. They said
that giving out your bank details exposes you to no risk. For example
you give out those details every time you write a cheque or set up a
Hmm..alarming. I don't understand how banks can allow an individual or
organisation can set up a DD without direct authorisation from the
account owner, but obviously they do.
But the point that you give out your bank details every time you write
a cheque is still true.
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