Is it safe to give out sort and acc number..

nattyb1982

..i want to accept money for some goods but dont want to pay the hefty paypal fee - can i give a stranger my bank and acc number safely to receive the money direct to my account?

~Beanie~

Yes. If you were giving someone a cheque you would be giving them your account number and sort code so I can't see the difference.

ic

http://www.telegraph.co.uk/news/uknews/1574781/Jeremy-Clarkson-eats-his-words-over-ID-theft.html

dr_adidas01

nattyb1982 wrote: »

..i want to accept money for some goods but dont want to pay the hefty paypal fee - can i give a stranger my bank and acc number safely to receive the money direct to my account?

No don't do it, they will set up direct debits and alsorts of things on your account. (just kidding)

I wouldn't do it anyway as there will be no buyer or seller protection should something go wrong and ebay won't help you as you haven't used an approved payment method.

Also whats to stop the buyer from saying to there bank that the payment was made to the wrong person and claiming it back from you? That way the buyer has the item and can get his money back.

Realistically what are the fees going to be?

Crystallady

~Beanie~ wrote: »

Yes. If you were giving someone a cheque you would be giving them your account number and sort code so I can't see the difference.

and a copy of your signature !;)

" Also whats to stop the buyer from saying to there bank that the payment was made to the wrong person and claiming it back from you? That way the buyer has the item and can get his money back."

AFAIK the bank would not be able to return the funds to the buyer without the account owners permission so the scenario above shouldn't be a problem. There are loads of threads where someone has accidentally paid into the wrong account and tried to get the money back only to be told by the bank that they can't refund it without the account holders permission.

However that said the buyer certainly has no protection if funds are paid this way so they may not be happy to do it.

antrobus

dr_adidas01 wrote: »

....Also whats to stop the buyer from saying to there bank that the payment was made to the wrong person and claiming it back from you?...

There's nothing to stop the buyer from making such a claim.

dr_adidas01 wrote: »

.... That way the buyer has the item and can get his money back....

You are mis-informed, the buyer would not be able to "get their money back".

Fruit_and_Nut_Case

Crystallady wrote: »

There are loads of threads where someone has accidentally paid into the wrong account and tried to get the money back only to be told by the bank that they can refund it without the account holders permission.

Typo? :eek:

martinsurrey

antrobus wrote: »

There's nothing to stop the buyer from making such a claim.



You are mis-informed, the buyer would not be able to "get their money back".

And in fact it is MUCH easier to do this with Paypal.

buyer pays for an item that is collection only, goes collects item.

Tells paypal the item was not there and want thier money back, paypal asks seller for proof of delivery, seller cannot provide any, paypal gives buyer money back without any more questions.

Crystallady

Fruit_and_Nut_Case wrote: »

Typo? :eek:

OOps sorry yes it should have been can't I've amended it.

soolin

dr_adidas01 wrote: »

No don't do it, they will set up direct debits and alsorts of things on your account. (just kidding)

I wouldn't do it anyway as there will be no buyer or seller protection should something go wrong and ebay won't help you as you haven't used an approved payment method.

Also whats to stop the buyer from saying to there bank that the payment was made to the wrong person and claiming it back from you? That way the buyer has the item and can get his money back.

Realistically what are the fees going to be?

As OP is the seller I am intrigued as to what seller protection you think PayPal gives them?

Gromitt

soolin wrote: »

As OP is the seller I am intrigued as to what seller protection you think PayPal gives them?

If it's a physical item delivered by a tracked courier which can be checked online, then Paypal will back you up against Ebay disputes and charge backs (if buyer pays with card).

If you accept a bank transfer then they can't chargeback the transaction but they can raise an ebay dispute.

Personally I have a savings account and people pay me using that. It doesn't support direct debits so good luck trying.

However, some buyers refuse to pay by bank transfer, preferring to pay with card via Paypal.