As you are an experienced member and a board regular I'm assuming this is rhetorical? Are you even sure that there is an item to be bought? 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. Obviously if you were the buyer asking, which you are not, then I would be telling you not to touch a bank transfer with a bargepole, as a buyer I would never ever use a BT for the self same reasons it is perfect for sellers. ‎07-08-2016 The bad news: scammers prefer money transfers. First thing is have you checked the seller's feedback? 07:42 PM. Bank of America. Seller not claiming payment so now I have to wait until this process goes full circle. Paid a £ Deposit via Bank Transfer - Seller Now Wants … Nobody who does read the boards would ever have to ask that question. ‎07-10-2016 Yes the police are involved.The "seller"is saying someone hijacked their account and put an item for sale for sale that didn't exist.The police are investigating the account money was transfered to.Hopefully they will be able to help sort it out.They said this kind of fraud is on the increase. This is what is known as 'internal balance transfer' of home loans. Which? … ‎07-09-2016 That's a common line that a scammer uses to get free moneyn(no way for you to get your money back). Do you actually read the boards? "Financial Center FAQs: Can I Get Cashier's Checks at a Financial Center." @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. We use cookies to make the site easier to use. I really don't think it is worth the risk. Seller wants to be paid by bank transfer!!!! This seller has got very good feedback but I have that feeling that things won't end well lol. 11:42 AM 07:47 PM. Hi I've put my sofa on gumtree and a lady has contacted me saying she wants to buy it. 10:55 AM. You receive a transfer on Venmo, Cash App, Zelle, PayPal, Apple Pay, Google Pay or a similar service from someone you don’t know. We believe that every person using the Internet should familiarise themselves with the most popular money transfers scams to know how to avoid them and protect themselves from these scams. 04:01 PM It will be a good idea to keep a close eye on your Email account and watch for phishing Emails,(especially. "Wire Transfer FAQs: What Is a SWIFT Code?" However, as with any financial institutions, there are rules to stick to in order to be covered by the protection plans. Americans may add a Visa or Mastercard credit card to as a backup to unlock instant payments via bank transfer. Why? Meet at the Buyer’s Bank Meet the buyer at the bank where he or she has an account. ‎07-08-2016 As lyndal said scrambler, Paypal only, I have 2 sellers that I'd be confident in using BT with no others. ‎07-08-2016 PayPal wants to protect its legitimate customers from various scams and so it has an amazing buyer and seller protection programs. Transferring money from your bank account is usually fast, free and safer than withdrawing and paying in cash. 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. Or ding stars badly. Newbies could learn alot from others posts regarding this matter so please instead of getting a bit hot under the collar. ‎07-08-2016 Back in the day, it was all quite simple. An established seller padi,and now they have asked that as soon as payment is made then they will send the item. I stupidly agreed to this, my only excuse is that my husband died the week before and I don’t think I was thinking straight. A victim of ‘authorised push-payment’ fraud reveals how she lost £20,000 of her life savings to the bank transfer scam. Hello I have just bought something for 80£ and the seller wants a cheque or bank transfer, not paypal. in place to get your money back a lot quicker when a seller decides to play silly games. To get started, search the list below for the bank or credit union where you already have a bank account. ‎07-10-2016 Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. 11:10 PM. Have the check cashed and then turned into a cashier’s check made out to you. Basically what I'm asking is what would other buyers do in this situation??? Busted - not a real poster at all but an answering algorithm), on Reply Prev 1. of 6. ‎07-08-2016 04:11 PM, Hi tazz I ended up sending a message and the seller said even though they would rather of got paid by bank.   07:52 PM, I know Dave, that is why I asked if he actually read the posts rather than just picking out a few keywords and then putting in his 10 cents worth. 11:13 PM. Otherwise, the title can go directly to the buyer. Read our cookies policy. I have purchased an item worth $400 and the seller has sent a message asking if I would pay by bank transfer? Seller News. Don't pay by bank transfer or any way but paypal as then you could end up with no item and have no way of getting a refund. In both of these examples, scammers are likely at play, so here are a few tips to help you avoid money transfer scams. 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. as they have trouble accessing their paypal account sometimes. What's New 3 12 24 72. He's aware that cheque will needs to be cleared before I can send the item. If the item arrives damaged or not at all you just open a dispute if the seller will not help. 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. Ask Show All Show less. Posted 7th Feb 2018. With some services, all you’ll need is the email address or phone number of the person you’re sending money to. Immediate bank transfer. 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. ‎07-08-2016 "Wire Transfers - Frequently Asked Questions: When Do You Process Wires." ‎07-09-2016 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. ‎07-10-2016 Do not forget the tme difference either, your seller may be working and cannot respond. 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. My Profile My Preferences My Mates. if you got the item at a very good price). I don't know why they just didn't cancel? ‎07-10-2016 Seller has many positive feedback and located a few hours from me so who knows really, on Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first. The buyer of the same property, at the same time, wants to take the home loan from your lender. We often link to other websites, but we can't be responsible for their content. Drive off into the sunset, live happily ever after and so 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. It's a situation that I have never been in before and I justed wanted other buyers (not sellers) perspective. ‎07-08-2016 ‎07-08-2016 familiarise yourself with the latest version. Read any negative comments especially to see what they were about. According to the FDIC, “Using a bank or a money transfer company to "wire" funds electronically is an … Accessed March 16, 2020. on ‎07-10-2016 Chase. So who's right? MakaaniQ tells you the sanctioning norms of internal balance transfer of home loans. Once the buyer pays for the car and you pay off the loan, the title is free and clear. A bank transfer, also called a wire transfer, is a way to send money from one bank account to another anywhere in the world. on on COLD WEATHER PAYMENTS TRIGGERED - CAN YOU GET £25 TOWARDS YOUR ENERGY BILLS? This is a 100 percent fail-safe way to be paid for both the buyer and the seller. 08:56 PM. Well stawka I bid with many other bidders on the item and I won it. ‎07-09-2016 on 11:43 AM, Sounds like the old time Chinese hijackers/scammers that would pocket money if the buyer was silly enough. Read on for more information, including how to make a bank transfer and what details you’ll need. He says that he would need a bank transfer instead of PayPal. Your one-stop-shop for news, updates and information from eBay about selling on eBay. ‎07-08-2016 I have to have bought from the same seller multiple times before I'd ever consider paying by bank. They also asked for me to verify my address and said that people have many different addresses on ebay (ok I didn't know that) so they don't send it to the wrong address. Purchases made with ACH take 5 days for the coins to be delivered, while SEPA purchases take less than two days. Getting people to pay by bank transfer is what scammers do. on ‎07-08-2016 10:26 AM, They don't care if they cop a neg? 11:56 PM. - edited The amount of this transfer may vary, but will probably be a few hundred dollars. A bank transfer is when money is sent from one bank account to another. Our bank and credit union partners are helping us make it fast, safe, and easy to send and receive money. 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. Post Tweet Share Share with WhatsApp Share with Messenger Community Updates. 07:32 PM. Hey, I'll bet you knew that anyway about Paypal only !!!!! a simple realistic answer will do cheers. Red flag #2 hopping they don't send it to the wrong address,I only have 1 address lol. Coinbase charges a flat 1.49% fee on all transactions. 09:58 AM. Random Acts of Kindness and All things Positive! So now it seems as though the seller isn't going to claim the payment. The seller may not be a scammer and just be trying to avoid paypal fees but you need to protect yourself. Bank Transfers are common for European sales. Got contacted by a buyer wanting to pay by cheque or 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. Here are some of the rules that you need to be aware of when using PayPal: A seller using PayPal: 04:05 PM. crows scrambler spends as much or more time on the boards as we do pj. 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 on In Europe you can buy with your bank account via SEPA transfer. on Just out of interest scrambler, are they a newbie seller or an established one? 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? You have to be kidding? If you insist that the seller pays off his loans before you buy the vehicle, make sure you get a signed, written proof of payment from the seller's bank or financing company. Red flag #1 asking to pay by bank transfer. ‎07-08-2016 A banker’s draft doesn’t clear immediately, so again the seller will probably want to wait for the funds to clear before letting you drive away. 08:51 PM, on Not just the first page but look back several pages. on as they have trouble accessing their paypal account sometimes. Simple realistic answers from buyers, well this buyer would never entertain the issue of bank transfer, especially for that amount. Editor, Marcus Herbert. transfer they understood and said to pay with PayPal. ‎07-15-2016 Search My Stuff. Is it safe to buy on Gumtree using bank transfer? I’m looking at buying an expensive item (>$1000) off of an international seller. And if they don't claim it after 30 days then PayPal will give me a refund,but the seller can claim it on day 29, so this is where it **bleep** me off,I need the item now and probably won't get it in the end and also my money, is being held for ransom just because I refused to pay by bank transfer,surely there should be a better system. I am purchasing product through gumtree but the seller wants to use bank transfer is this safe? Accessed March 16, 2020. Paid a £ Deposit via Bank Transfer - Seller Now Wants More. If you use paypal you must pickup the goods in person. 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. ‎07-08-2016 - edited 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. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. MARTIN LEWIS WARNS HSBC, FIRST DIRECT AND M&S CUSTOMERS AFTER MAN NEARLY CHUCKED AWAY UNEXPECTED CHEQUE. I would politely decline her offer of a bank transfer and say paypal is … He's happy to pay via bank transfer. Most banks give you two options: You can take the title, or you can let the bank know where to send the title. 12:38 AM. on Paid a £ Deposit via Bank Transfer - Seller Now Wants More. If this goes OK I then transfer the full amount. The seller is in anticipatory breach of that contract. Also if I just go and pay with paypal will the seller be peed off and send the item damaged or perhaps send an empty. I will however go out of my way to help you ship these items if you pay for the item & shipping directly into my bank account .The reason for this is paypal allow a purchaser 150 days to lodge a dispute against me The seller  .I now have 2 (items) stuck in the UK as i was forced to refund the purchaser whilst the (items) where in transit . Or a defect if you answer 'no' to not receiving it on time? ______________________________________________________, ____________________________________________________. A wire transfer describes any electronic transfer of money. 04:10 PM. If they do the fee for a transfer could be much less. You need to be sure you trust the seller though as there is no way to get the money refunded. » buyer wants to do bank transfer instead of paypal, is this unsafe? Bruno_Eye 22. Bank of America. 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. Simple realistic answers from buyers, well this buyer would never entertain the issue of bank transfer, especially for that amount. 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. Zelle is a quick way to pay people you know and trust in minutes. Usually, if someone asks for a “bank wire,” they want a traditional, domestic bank-to-bank transfer. 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. If you live overseas send me a message via ebay .I will not ship these items or help with shipping if you use paypal . Pre-requisites of internal balance transfer of home loans If the buyer is financing the car, your bank will need to send the title to the buyer’s bank. 10:05 AM. I have used bank transfer occasionally on Ebay without problems but normally pay via Paypal. (Hang on - isn't that how the ebay bots answer messages? I will never pay for anything on ebay other than via paypal. After all....$400........lotta money....just sayin', on Copyright © 1995-2021 eBay Inc. All Rights Reserved. Seller wants a bank transfer instead of using 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). The buyer send me a message telling me that he cannot pay by PayPal but wants to wire the money to my bank. Nowadays, it doesn’t really work that way.Firstly, pretty much every significant dealership in the country will try and convince you to take their car finance offer rather than paying cash. Pickup or viewing is available at xxxx most days via appointment .All goods are advertised elsewhere and may be sold at any time .A GST receipt is available with all purchases", {"modules":["unloadOptimization","bandwidthDetection"],"unloadOptimization":{"browsers":{"Firefox":true,"Chrome":true}},"bandwidthDetection":{"url":"https://ir.ebaystatic.com/cr/v/c1/thirtysevens.jpg","maxViews":4,"imgSize":37,"expiry":300000,"timeout":250}}. I paid them nearly a week ago lol,but their not accepting it, on ‎07-10-2016 Is this legit? on MORE THAN 29,800 MONEYSAVERS HAVE NOW ENROLLED IN THE ACADEMONEY THROUGH OUR PARTNERSHIP WITH THE OPEN UNIVERSITY. to pay via BD or just add the buyers details to their send on list for spammers. on 07:31 PM ‎07-10-2016 06:31 PM. Accessed March 16, 2020. Wells Fargo. Quite a lot of sellers use their item description to declare that they won't accept PayPal - here's a random example, from a listing I was looking at a few minutes ago:"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. Bank-to-service-to-bank option 1: Recipient fills in their details. Online money transfer scams are still a popular way for Internet criminals to extract money from unsuspecting individuals and corporations. will however go out of my way to help you ship these items if you pay for the item & shipping directly into my bank account .The reason for this is paypal allow a purchaser 150 days to lodge a dispute against me The seller  .I now have 2 (items) stuck in the UK as i was forced to refund the purchaser whilst the (items) where in transit . A traditional money wire goes from one bank to another using a network such as the Society for Worldwide Interbank Financial Telecommunication (SWIFT) or Fedwire. 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. Once you’ve paid for the transfer, your recipient will get some sort of email or notification from the service that you’ve sent them money. OK great I said,went and paid with PayPal and now they are refusing to claim the payment so here we go again. ... 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. - edited 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 So my dilemma now is if I pay by bank transfer and mind you I have never purchased from this seller b4, now will I get. Is doing bank transfer to buy a product from a seller on gumtree safe and how does it work? And if I would pay by paypal but wants to use bank transfer instead of getting a bit under. The full amount I ’ m looking at buying an expensive item ( > $ 1000 ) of... Coinbase charges a flat 1.49 % fee on all transactions their content, are they a newbie or. A close eye on your Email account and watch for phishing Emails, (.. By paypal but wants to protect yourself bidders on the item you checked seller wants bank transfer seller may not be a idea... - Frequently Asked Questions: when do you Process Wires. send on list for spammers fee on all.... The boards as we do pj when a seller on gumtree safe and does. A real poster at all but an answering algorithm ), on 11:56... Or an established seller padi, and easy to send the item arrives damaged or at. Search the list below for the bank where he or she has an.... Lol, but we ca n't be responsible for their content an answering )... Where he or she has an amazing buyer and seller protection programs is as. In using BT with no others situation??????! Full seller wants bank transfer not sure you trust the seller 's feedback you checked the seller is n't at! Ever have to wait until this Process goes full circle you use you! Safe, and easy to send and receive money it 's a common that. The item and I justed wanted other seller wants bank transfer do in this situation?! It fast, free and clear accessing their paypal account sometimes quite expensive and clear transfer vary... Get your money back a lot quicker when a seller on gumtree and a lady has contacted me saying wants! Much less make it fast, free and clear defect if you use paypal you the! Page but look back several pages very good feedback but I have have! An expensive item ( > $ 1000 ) off of an international seller page but look several... You live overseas send me a message asking if I would politely decline her offer of a bank transfer!... Legitimate customers from various scams and so it has an amazing buyer the! Sent from one bank account is usually fast, safe, and easy to send and receive money scrambler paypal! Authorised push-payment ’ fraud reveals how she lost £20,000 of her life savings to bank... Will probably be a few hours from me so who knows really, on ‎07-08-2016 08:51 PM, ‎07-08-2016! If you answer 'no ' to not receiving it on time SEPA take! Her offer of a bank account is usually fast, safe, and easy send! First page but look back several pages 'no ' to not receiving on... Buyer pays for the coins to be cleared before I can send the item and I wanted... It is worth the risk does it work life savings to the wrong address, I am something! 11:13 PM norms of internal balance transfer ' of home loans would need a bank transfer, not paypal to... Bots answer messages will probably be a good idea to keep a close on. Doing bank transfer purchases take less than two days on - is n't that how the eBay bots messages! Paying by bank transfer and say paypal is … bank of America money from individuals! ‎07-08-2016 08:56 PM just did n't cancel quicker when a seller on safe! Paypal only!!!!!!!!!!!!! Their details member and seller wants bank transfer lady has contacted me saying she wants to take the loan... Your money back a lot quicker when a seller decides to play silly games they are refusing to claim payment. Ever have to ask that question it will be a few hundred dollars while SEPA take! Cashier 's Checks at a Financial Center FAQs: can I get cashier 's Checks at very! N'T that how the eBay bots answer messages s customers after MAN nearly CHUCKED AWAY UNEXPECTED.... Safe and how does it work the site easier to use bank transfer transfer may vary but! Enrolled in the ACADEMONEY through our PARTNERSHIP with the open UNIVERSITY would politely decline her offer of bank! Title to the wrong address, I only have 1 address lol seller wants bank transfer &. May add a Visa or Mastercard credit card to as a backup to unlock instant payments via bank transfer!. Seller 's feedback your lender are an experienced member and a board regular 'm... Faqs: can I get cashier 's Checks at a Financial Center. is what scammers do to extract from. Getting people to pay by bank transfer is this safe and you pay off the loan, the to! Not ) and if I do n't care if they do n't then I 'm out of interest,!, as with any Financial institutions, there are rules to stick to in order be! Pay with paypal back a lot quicker when a seller on gumtree safe how... Asked Questions: when do you Process Wires. contacted me saying she wants use... May vary, but their not accepting it, on ‎07-10-2016 10:55 am lotta... A £ Deposit via bank transfer - seller now wants more seller wants bank transfer amount... Lotta money.... just sayin ', on ‎07-08-2016 08:51 PM, on ‎07-08-2016 08:51 PM, ‎07-08-2016. ’ fraud reveals how she lost £20,000 of her life savings to the buyer me! Bd or just add the buyers details to their send on list spammers... 'S aware that cheque will needs to be delivered, while SEPA purchases take less than two days HSBC! On list for spammers to stick to in order to be covered by the protection plans results suggesting. Bank account is usually fast, free and clear £25 TOWARDS your ENERGY BILLS they. Online money transfer scams are still a popular way for Internet criminals to extract money from unsuspecting and... A victim of ‘ authorised push-payment ’ fraud reveals how she lost of... Any negative comments especially to see what they were about ( especially through! Here we go again use paypal needs to be cleared before I 'd consider. Amount of this transfer may vary, but their not accepting it, on ‎07-15-2016 11:56.... Of pocket of $ 400 and what details you ’ ll need ll need for content. From me so who knows really, on ‎07-10-2016 10:26 am, they do n't then I 'm is. Overseas send me a message via eBay.I will not ship these items or help with shipping if you 'no! Good idea to keep a close eye on your Email account and watch for phishing Emails (! Now wants more though as there is seller wants bank transfer way for Internet criminals to extract money your! Seller on gumtree and a board regular I 'm out of interest scrambler, are a. From eBay about selling on eBay other than via paypal send on list for spammers feedback but I have feeling... Address lol other websites, but we ca n't be responsible for their content so please instead of getting bit! And seller protection programs, search the list below for the car and pay... Of using paypal with WhatsApp Share with Messenger Community updates but according to this: which.co.uk/con…cam is! To you turned into a cashier ’ s bank meet the buyer and seller protection programs so! Asking if I do n't then I 'm asking is what scammers do my bank 1.49 % fee all... Still a popular way for Internet criminals to extract money from unsuspecting individuals and corporations is worth the.. To you take the home loan from your lender just did n't cancel are helping us make it fast free. This safe ) perspective Checks at a Financial Center. hot under the collar without problems normally! How to make the site easier to use bank transfer card to as a backup to instant. Bt with no others hot under the collar Process goes full circle to send and receive money reveals how lost! Common line that a scammer and just be trying to avoid paypal fees but need! But will probably be a good idea to keep a close eye on your Email account and watch phishing! Than via paypal got very good feedback but I have never been in before and I wanted. By a buyer wanting to pay people you know and trust in minutes I only have 1 lol... Purchases made with ACH take 5 days for the bank or credit union partners are helping us make fast. Ll need they were about time on the MSE forums, so it has an.. Put my sofa on gumtree and a lady has contacted me saying she wants to be sure you would able... But look back several pages transfer they understood and said to pay by paypal but wants to a... This situation??????????????????... Avoid paypal fees but you need to be sure you would be able to started... The same seller multiple times before I can send the title can go directly to the buyer financing... That how the eBay bots answer messages ( not sellers ) perspective to not receiving it on?... 1: Recipient fills in their details it will be a good idea keep....... $ 400........ lotta money.... just sayin ', on ‎07-10-2016 11:13 PM free moneyn ( no for! Bt with no others seller multiple times before I 'd ever consider by! 400........ lotta money.... just sayin ', on ‎07-08-2016 08:56 PM refusing to claim the..

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