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  • FIRST POST
    • gingababe
    • By gingababe 24th Feb 08, 9:47 AM
    • 1,072Posts
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    gingababe
    How safe is a bank transfer?
    • #1
    • 24th Feb 08, 9:47 AM
    How safe is a bank transfer? 24th Feb 08 at 9:47 AM
    Guys.

    I have sold something on ebay, winning bidder has contacted me & asked if they can do a bank transfer, they need my sort code & account number!
    How safe is this? I know that if I write a cheque my sort code & account number are on the bottom??
    I am just a bit concerned... I worry about everything...:confused:
    So I was just looking for some advice.

    Sorry to ramble

    Thanks

    Ginga
Page 1
    • Browntoa
    • By Browntoa 24th Feb 08, 10:03 AM
    • 29,578 Posts
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    Browntoa
    • #2
    • 24th Feb 08, 10:03 AM
    • #2
    • 24th Feb 08, 10:03 AM
    plus side it's quick and easy

    downside, it its an expensive item theres no reversing it
    I'm the Board Guide of the Referrers ,Telephones, Pensions , Shop Don't drop and Discount Code boards which means I'm a volunteer to help them run smoothly and I can move and merge posts there. However, please remember, board guides don't read every post. If you spot an inappropriate or illegal post please report it to forumteam@moneysavingexpert.com Any views are mine and not the official line of MoneySavingExpert.

  • twistedeagle
    • #3
    • 24th Feb 08, 10:09 AM
    • #3
    • 24th Feb 08, 10:09 AM
    Did you list Bank Transfer as a method of payment?

    If not, then remind the buyer that when they bid that they accepted the conditions of the sale and that you will require payment by one of your listed methods.

    Personally I would not give out my account details seeing as they also hold your home address through eBay.
    Cashback Sites
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    Bank Charges
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    Nationwide, Cahoot, Alliance and Leicester - I'm coming for ya!
    • soolin
    • By soolin 24th Feb 08, 10:16 AM
    • 57,039 Posts
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    soolin
    • #4
    • 24th Feb 08, 10:16 AM
    • #4
    • 24th Feb 08, 10:16 AM
    Grab the payment quickly before buyer changes their mind. This is the absolutely safest way to accept a payment as it cannot be recalled at all by the buyer, ever.

    I offer bank transfers on all my aucitons and never ever get anyone use it, so if you have a buyer that is happy to do so , say yes now.

    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.
    I'm the Board Guide for the Ebay Board , Charities Board , Dosh & Disability , Up Your Income and the Local MoneySaving-England board which means I'm a volunteer to help the boards run smoothly, and I can move posts there. However, do remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com
    New to Forum? Guide
    • sham63
    • By sham63 24th Feb 08, 11:29 AM
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    sham63
    • #5
    • 24th Feb 08, 11:29 AM
    • #5
    • 24th Feb 08, 11:29 AM
    No PayPal fees

    No chargeback worries


    I love it when a buyer asks if they can pay by bank transfer!!

    As you say, your bank details are on cheques anyway (plus the cheque has your signature) and you wouldn't worry about sending a cheque.
    • gingababe
    • By gingababe 24th Feb 08, 4:14 PM
    • 1,072 Posts
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    gingababe
    • #6
    • 24th Feb 08, 4:14 PM
    • #6
    • 24th Feb 08, 4:14 PM
    Thanks for al your help, I just got worried when they offered to pay by BT, I mean can they do anything with my account, ???? will the bank charge me??? Am I sure its safe???

    I know I am rambling don`t know why I am worried.
    Thanks
    Ginga
    • eyelinerprincess
    • By eyelinerprincess 24th Feb 08, 7:35 PM
    • 4,523 Posts
    • 3,640 Thanks
    eyelinerprincess
    • #7
    • 24th Feb 08, 7:35 PM
    • #7
    • 24th Feb 08, 7:35 PM
    They can't really do anything except pay money in, it won't cost you anything and it's more or less instant! Do you write cheques? Every single detail that the buyer is asking for is on a cheque anyway.
    "Beautiful young people are accidents of nature, But beautiful old people are works of art."
    -- Eleanor Roosevelt
    • gingababe
    • By gingababe 24th Feb 08, 8:03 PM
    • 1,072 Posts
    • 1,151 Thanks
    gingababe
    • #8
    • 24th Feb 08, 8:03 PM
    • #8
    • 24th Feb 08, 8:03 PM
    I know you are all right, I just worry !!!!
    Thank you all for your help

    Ginga
    • frivolous_fay
    • By frivolous_fay 24th Feb 08, 8:14 PM
    • 13,052 Posts
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    frivolous_fay
    • #9
    • 24th Feb 08, 8:14 PM
    • #9
    • 24th Feb 08, 8:14 PM
    Check out just one fortnight's worth of poeople happy to put their bank details in Private Eye:

    http://www.eyeadvertise.co.uk/?section=classified&catid=13
    My TV is broken!
    Edit: refunded 515 for TV 1.5 years out of warranty - thank you Sale of Goods Act!
    • smartie1976
    • By smartie1976 25th Feb 08, 9:30 AM
    • 1,874 Posts
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    smartie1976
    A direct debit can be set up actually, with your details.
    As Jeremy Clarkson found to his cost.

    http://news.bbc.co.uk/1/hi/entertainment/7174760.stm
    It's BOUGHT (to Buy), not BROUGHT (to bring) AND you cannot be frauded, only DEfrauded.

    Please do not buy animals from a pet store. Visit your local sanctuary or centre and give a good home to an unloved or abandoned animal.
    • soolin
    • By soolin 25th Feb 08, 9:42 AM
    • 57,039 Posts
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    soolin
    A direct debit can be set up actually, with your details.
    As Jeremy Clarkson found to his cost.

    http://news.bbc.co.uk/1/hi/entertainment/7174760.stm
    Originally posted by smartie1976
    If you read the rest of that saga the bank were happy to refund JC in full, but he decided to let the donation stand.

    Fraudulent DDs are fully covered by the direct debit guarantee.
    I'm the Board Guide for the Ebay Board , Charities Board , Dosh & Disability , Up Your Income and the Local MoneySaving-England board which means I'm a volunteer to help the boards run smoothly, and I can move posts there. However, do remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com
    New to Forum? Guide
  • pdel61
    A direct debit can be set up actually, with your details.
    As Jeremy Clarkson found to his cost.

    http://news.bbc.co.uk/1/hi/entertainment/7174760.stm
    Originally posted by smartie1976
    In which case cheques are even worse as not only do they contain all your details but they have your signature as well.
    • smartie1976
    • By smartie1976 25th Feb 08, 2:12 PM
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    smartie1976
    I'm simply pointing out it is possible for fraudulent action to be taken, whether covered by the DD guarantee or not, which is then a hassle to sort out.
    It's BOUGHT (to Buy), not BROUGHT (to bring) AND you cannot be frauded, only DEfrauded.

    Please do not buy animals from a pet store. Visit your local sanctuary or centre and give a good home to an unloved or abandoned animal.
  • f1re_cr4cker
    personally i never use cheques or bank transfer for ebay- paypal only or cash on collection!!!
    • frivolous_fay
    • By frivolous_fay 25th Feb 08, 2:45 PM
    • 13,052 Posts
    • 6,218 Thanks
    frivolous_fay
    personally i never use cheques or bank transfer for ebay- paypal only or cash on collection!!!
    Originally posted by f1re_cr4cker
    Seems strange that you'd accept a medium risk payment method, and refuse one of the safest of all
    My TV is broken!
    Edit: refunded 515 for TV 1.5 years out of warranty - thank you Sale of Goods Act!
    • gingababe
    • By gingababe 25th Feb 08, 2:47 PM
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    gingababe
    Another query, they have paid it is showing on my account, but the amount has been rounded up by 70p, what shall I do now???
    Thanks

    Ginga
    • soolin
    • By soolin 25th Feb 08, 4:22 PM
    • 57,039 Posts
    • 40,248 Thanks
    soolin
    Ask them if they have paid extra for recorded delivery.
    I'm the Board Guide for the Ebay Board , Charities Board , Dosh & Disability , Up Your Income and the Local MoneySaving-England board which means I'm a volunteer to help the boards run smoothly, and I can move posts there. However, do remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com
    New to Forum? Guide
    • gingababe
    • By gingababe 25th Feb 08, 6:15 PM
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    gingababe
    It was being sent first class recorded anyway that was on the listing.
    Thanks
    Ginga
    • golddustmedia
    • By golddustmedia 26th Feb 08, 2:17 PM
    • 764 Posts
    • 366 Thanks
    golddustmedia
    asked if they can do a bank transfer, they need my sort code & account number!
    How safe is this?
    Originally posted by gingababe
    It's absolutely bullet proof!

    Safe, reliable and fast. Should take about 3 days and is then totally reliable. Grab the payment and bask in the glory that you're not paying paypal 3.5% for the privelidge of taking payment!
    • golddustmedia
    • By golddustmedia 26th Feb 08, 2:19 PM
    • 764 Posts
    • 366 Thanks
    golddustmedia
    Another query, they have paid it is showing on my account, but the amount has been rounded up by 70p, what shall I do now???
    Thanks

    Ginga
    Originally posted by gingababe
    how about keep quiet? You've been paid extra AND saved on paypal fees and nobody has complained about it. That's the way ebaying SHOULD be done, enjoy it!

    If they buyer is happy you should be too!
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