dangers of giving bank details to buyers?

heathen

Try Nochex - a British institution that operates in a similar way to PayPal, BUT they do not have chargebacks against the seller AND it's less expensive at 2.6% +20p - I think PayPal charge 3.4% ?? AND (do you need any more ANDs?) they transfer cash back to you in 3 - 4 working days, unlike PayPal's 7-9 days

enough, enough, enough......

I LOVE BANK TRANSFERS!!!

i encourage the use of nochex also,trouble is not many buyers have nochex accounts and are hardly gonna open one just to pay me ;D,like paypal or not(never had a problem with them myself yet)most buyers prefer this method of payment.

Jules75ZT

I've given out IBAN & BIC details many times to overseas buyers with no problems.

Bank charge transfer charges:

These vary vastly from FREE to up to £14 for say a £200 sale.



Trouble is you don't know what the charges are going to be until it shows on your statement !!

The dodge here is to get the Buyer/sender of monies to pay ALL the charges his end! So if your sale item is £200, they will have to pay £200 PLUS both sides of the Bank charges.

It works sometimes but not always.
Been with ABBEY now Santander for years
(Free Banking no need to join Banks who charge for current Accounts)
Banking with a Building Society saves £500- £1000 a year which is a damn good Holiday IMO.;)

gazza975526570

Im sure the OP from 6 years ago wil sleep easy now.

Thanks.