Paying for goods via bank transfer - what rights/protection?

Warren1989

Received an invoice for a number of items I wish to buy from a company. The total sum is too high for my credit card. There is the option of bank transfer as a payment method.

What protection would I have? I bank with Santander if that makes a difference.

Owain_Moneysaver

You have the usual Consumer Protection Act (statutory rights) but they are enforceable only against the retailer.
If the retailer goes bust, you have no protection (and if they go bust before delivering the goods, you lose your money).

However, you can pay part of the amount on credit card and get the s.75 protection:

The law's specific on this, you get the protection for the whole cost of an item or service, even if you only pay for a part of it – even just 1p would count – on credit. The only condition is that what you're buying costs more than £100 and less than £30,000.

Therefore if you want protection… As long as it costs more than £100, pay for even a fraction on a credit card and you're protected.

https://www.moneysavingexpert.com/shopping/section75-protect-your-purchases/

davidmcn

Can you increase your credit limit? 

born_again

Warren1989 said:

Received an invoice for a number of items I wish to buy from a company. The total sum is too high for my credit card. There is the option of bank transfer as a payment method.

What protection would I have? I bank with Santander if that makes a difference.

In effect a bank transfer is giving them cash.
As above your normal consumer rights still exist. And is there a way to pay a deposit on your credit card?
But remember for S75 it is based on item price (not inc P&P) not the total. So items under £100 not covered.