Bank Transfer as Payment

soolin

Voyager2002 wrote:

As a buyer I usually offer to pay by bank transfer. Very few sellers accept it! I can only assume that the bank details involved would enable someone to set up a phony direct debit. The way round this, of course, is to use a savings account to receive payments (since you can't do a direct debit from a savings account). How strange that most sellers prefer to pay fees to paypal rather than doing this.

My point was that as a seller I would prefer my buyers to use a direct bank transfer, as I'm sure other sellers on here would agree. No chargebacks allowed, no paypal fees, no problems if it all goes wrong. OK,that last bit was a joke as I accept that sellers on here treat all their buyers the same regardless of how they pay, but for a less than honest seller bank transfers are a scammers heaven.

However, as a buyer I would not consider for the briefest moment using a bank transfer. Whilst i would hope that all sellers are honest, in the unfortunate event that I ran into a seller that considered his, or her, liability finished as soon as they put the item in the post box I like the extra leverage I get from paypal funded by a credit card. I know paypal isn't perfect, but i prefer a chance of getting my money back rather than no chance at all.

I have always assumed that most buyers think like me, hence most of my auctions being paid for by paypal.

Soo

bleugh

Bank transfer is 100% safe!, I use it all the time

do be slightly cautious though, only post when showing as cleared funds, if its pending, it can be bounced

bleugh

Bank transfer is 100% safe!, I use it all the time

do be slightly cautious though, only post when showing as cleared funds, if its pending, it can be bounced

soolin

bleugh, you have an echo, or two!

Soo :snow_grin

bleugh

yeah, just noticed that, sorry guys :-)

Dronegc_2

I prefer buyers to pay using Bank Transfer as its safe, fast and fee-free. Having said that, it isn't that popular, as many people have said.

Most of all, its great for the seller.

vitara7

im an ebaypowerseller and use bank transfer to be paid for items all the time, mostly from germans or french, but think about it this way, paypal will charge you 3.4% of the amount you are getting transfered and then it'll take about 5 days for thos efunds to work their way to your bank.
a bank transfer will take about 3 days max and its free to you.
go on, save the 3.4% and buy some tlottery tickets with it, you never know.... you may be lucky!

Malestrom

richto wrote:

Direct debits are fully guranteed - if they are wrongly deducted the bank has to refund in full.

A bank transfer and a direct debit are two totally different things. Bank transfers aren't covered under the Direct Debit Guarantee.

mhendo

Malestrom wrote:

A bank transfer and a direct debit are two totally different things. Bank transfers aren't covered under the Direct Debit Guarantee.

I think the point being made about Direct Debit Guarantee's was to re-assure the comment about someone being able to use a seller's bank account details to set-up a phony Direct Debit aginst their account.